Revenue Hub

APRIL 17, 2023

NB: This is an article from Demand Calendar The main reason for forecasting is not competition in accuracy; it is to use the forecasts for planning to achieve a healthy profit. Read rest of the article at Demand Calendar The post Why Should The Hotel General Manager Care About Forecasting? appeared first on Revenue Hub.

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Strategic Planning Guest Satisfaction Pricing Information 79

Revenue Hub

AUGUST 29, 2023

NB: This is an article from Catala Consulting This approach is pivotal in optimizing financial performance and driving both revenue growth and guest satisfaction. Its core principle is the sale of the right product to the right customer, at the right time and for the right price.

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Revenue Hub

MAY 10, 2024

NB: This is an article from Tripleseat Subscribe to our weekly newsletter and stay up to date Here’s a closer look at how to define your competitor set and leverage this knowledge to strategize to become the top hotel choice. This concept is crucial for strategic planning and operational adjustments in the hospitality industry.

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Strategic Planning Article Information Events 87

Revenue Hub

MARCH 19, 2024

NB: This is an article from Lighthouse (formerly OTA Insight) Subscribe to our weekly newsletter and stay up to date Hotel BI refers to the process of collecting, tracking, analyzing, and understanding internal and external data to make informed revenue, sales, and distribution decisions. Well, that’s what BI does, and then some!

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Revenue Hub

DECEMBER 13, 2023

NB: This is an article from Smartpricing Subscribe to our weekly newsletter and stay up to date 1) Elevating Guest Experiences through Personalized Offerings In the hospitality sector, personalization is key. Enhancing pricing flexibility and profitability as guests are willing to pay more for bespoke services.

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Revenue Hub

AUGUST 15, 2024

Like every good debate, there’s another side to the story: algorithm and technology enthusiasts claim computers can make better pricing decisions (than humans) because of their ability to process and analyze data in real-time and make logical pricing decisions based on those complex and constantly evolving data sets, eliminating risk of human error.

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Revenue Hub

SEPTEMBER 23, 2024

NB: This is an article from Demand Calendar Subscribe to our weekly newsletter and stay up to date The role is vital, but many hotels assume department heads will handle it. The RM is pivotal in the hotel’s financial success by focusing on intelligent pricing, optimizing distribution channels, and leveraging data analytics.

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Strategic Planning Guest Satisfaction Article Pricing 89

Revenue Hub

OCTOBER 23, 2023

NB: This is an article from Amadeus Revenue managers are tasked with maximizing revenue and profitability, balancing occupancy and pricing, developing effective competitive demand strategies, understanding evolving guest needs, and more.

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Pricing Book Cost Reduction Strategic Planning 86

Revenue Hub

NOVEMBER 29, 2023

NB: This is an article from Smartpricing Subscribe to our weekly newsletter and stay up to date Why is the Booking Window Important for Your Hotel? If revenue management is about selling at the right price at the right time, then understanding the booking window is key to identifying that opportune moment. Download your free copy now!

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Book Pricing Strategic Planning Download 81

Revenue Hub

JANUARY 31, 2023

Have you planned business objective s for your property? NB: This is an article from Cloudbeds , one of our Expert Partners From luxury hotels to bed and breakfasts, boutique hotels, and hostels, every business in the hospitality industry should take time to evaluate its competitive position and find opportunities to enhance performance.

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STAAH

JULY 24, 2024

This article highlights four must-have add-ons – WatchMyRate, Get Google, URL Masking, and Travel Agent & Corporate Travel (TACT) – that can increase your property’s booking capabilities and provide a smooth, trustworthy, and efficient booking experience for your guests. Why should you use Get Google ?

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Book Reservations Article Strategic Planning 83

Revenue Hub

DECEMBER 1, 2022

In a competitive operating environment, where every pricing decision counts, all hotels need to ensure that they are pricing themselves correctly in the market, minimising operational costs, and attracting the right guests at the right rates. NB: This is an article from IDeaS. Hotel Owners.

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Pricing Marketing Information Strategic Planning 79

Revenue Hub

JULY 10, 2023

NB: This is an article from Demand Calendar The immediate issues – a sudden drop in bookings, a spike in customer complaints, an unexpected cost increase – demand attention and quick fixes. But in the rush to put out these fires, are we missing the bigger picture?

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Scheduling Strategic Planning Article Blog 69

Revenue Hub

JUNE 28, 2023

NB: This is an article from IDeaS While the constant struggle to explain things like why a tile floor is shiny or why chocolate tastes great is enough to wear out even the most patient of parents, there’s power in that little one’s approach. Read more articles from IDeaS The post The “Why?” Using “why?” That’s the power of “Why?”—and

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Strategic Planning Housekeeping Article Book 80

Xotels Hotel Revenue Management

APRIL 3, 2024

Article Summary What is Revenue Management? In our article about What is Revenue Management and in our Free Revenue Management Book for Hotels we have explained everything in detail about what the concept of revenue management is all about. This is done by thoroughly understanding your property, its customers, and the market.

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Revenue Hub

JUNE 19, 2024

NB: This is an article from CBRE Hotels Subscribe to our weekly newsletter and stay up to date In 2023, we faced concerns of a looming recession, rising inflation, higher interest rates, and increased cost of living. They do so by offering unique programming that connects the guests to the product and location, at any value and price point.

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Les Roches

OCTOBER 23, 2023

In this article, we’ll look at what exactly is involved in becoming a sales and marketing director for a hospitality business and what your responsibilities might be. They also research strategies and analyze the success of previous sales and marketing programs to make new strategic plans.

Marketing 52

Marketing Strategic Planning Travel and Tourism Communication 52

Xotels

APRIL 3, 2024

Article Summary: What is the Definition of Revenue Management? Revenue Strategies & Tactics Market Segmentation Hotel Pricing Strategies Forecasting & Budgeting Properly How to Distribute Effectively? Many define revenue management as: “Selling the Right Room to the Right Client at the Right Moment at the Right Price.”

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Pricing Book Budgeting Marketing 52

Xotels Hotel Revenue Management

MARCH 4, 2020

Apply Unconventional Pricing Strategies. While lowering your prices may come to mind, you could first consider the following: Packages and Promotions. Large price differences between room types help to yield strong results in high demand periods, but can produce contrasting results in low season. Subscribe Now Latest Articles.

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Les Roches

JUNE 24, 2024

How to start a hotel management company 24th June, 2024 In this article The hospitality industry is a dynamic and thriving sector that presents plenty of opportunities for aspiring entrepreneurs. In this article, we will explore the essential steps of how to start a hotel management company from the ground up.

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Xotels Hotel Revenue Management

DECEMBER 12, 2024

Trust me, as the CEO of a revenue management consulting company, I can tell you that a balanced and strategic mix of channels is essential to maximize your hotels visibility, profitability, and allows you to attract and convert the right guests. Article Summary What Are Hotel Distribution Channels?

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Les Roches

JULY 4, 2024

4th July, 2024 In this article The hospitality industry thrives on innovation and adaptability, so it’s no surprise that hospitality education also makes the most of technology. Revenue management and pricing strategies A key part of management hospitality careers is maximizing profitability and optimizing performance.

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Xotels Hotel Revenue Management

SEPTEMBER 1, 2020

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. Strategic Plan.

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Definition Marketing Budgeting Article 52

Les Roches

AUGUST 1, 2024

Explore the leading tourism companies in Dubai 1st August, 2024 In this article Dubai tourism companies What it’s like to work for a tourism company How to prepare for tourism jobs Known for its breathtaking skyline, luxurious lifestyle and lively culture, Dubai has become one of the world’s top travel destinations.

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Xotels

NOVEMBER 23, 2023

This is just one of the many important things discussed in this article. As a hotel management company , we hope this article will help you with the basic concept of hotel management to explore different hotel positions and everything in between. Article Summary What Is Hotel Management All About, And Why Is It Important?

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Xotels

NOVEMBER 23, 2023

This is just one of the many important things discussed in this article. As a hotel management company , we hope this article will help you with the basic concept of hotel management to explore different hotel positions and everything in between. Article Summary What Is Hotel Management All About, And Why Is It Important?

Housekeeping 40

Housekeeping Maintenance Article Concierge 40

Les Roches

JULY 5, 2024

5th July, 2024 In this article The hotel and tourism industry is growing and is estimated to be worth more than $11,000 billion USD in 2029. Developing and implementing strategic plans to achieve revenue targets and profitability goals. How can I learn hotel management?

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Les Roches

MARCH 6, 2024

This article looks into the intricacies of brand strategy in marketing, exploring its definition, key elements and development process. This could include factors such as product features, quality, pricing, customer service, brand values or innovation.

Marketing 52

Marketing Communication Brand Management Information 52

Les Roches

SEPTEMBER 3, 2024

What it’s like to work in hotel operations management 3rd September, 2024 In this article What is hotel operation management? Accounts and finance A strong financial foundation enables a hotel to offer competitive pricing and improves the guest experience.

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Travel and Tourism Housekeeping Maintenance Guest Satisfaction 52

Les Roches

JANUARY 19, 2024

Why do you need a hotel business plan? Similar to how architects create blueprints before constructing a building, it’s essential to have a strategic plan when starting a hotel business. This addresses operating costs and initial expenses such as purchase prices if you’re thinking of buying a hotel.

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Les Roches

JUNE 26, 2024

26th June, 2024 In this article In the fast-paced world of hospitality, the role of a hotel manager is vital. In this article, we’ll look at the different options and provide practical insights to help you make an informed decision. What degree is best for hotel management?

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