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NB: This is an article from Travelboom Subscribe to our weekly newsletter and stay up to date Even among the massive success in other industries, far too many resorts and hotels aren’t taking part in this giant annual shopping spree. Your offer doesn’t always have to be about the price. Millions of dollars in bookings are lost yearly.
NB: This is an article from STR Subscribe to our weekly newsletter and stay up to date By understanding the key components and dynamics of accurate forecasting, hoteliers can implement more effective strategies, optimizing efficiency and maximizing profitability.
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When thinking of ways to increase revenues, most revenue managers focus on the room and look for ways to increase revenues by offering early check-in, late check-out, upgrades to suites and other room types, as well as generating no-show revenue. NB: This is an article from RealTime Reservation. trillion.
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In this article we have put together a series of tips on how to start your own hotel business: First Things First – Key Considerations Before Starting a Hotel. At the core of any successful pre-opening phase are well thought through elements of product pricing and positioning such as: Room type strategy (e.g. Distribution (e.g.
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