Capitalizing on Conversion: Taking the Project to the Finish Line with Strategic Planning and Partnerships
Lodging Magazine
DECEMBER 15, 2023
The third article will focus on development and guest service trends in the leisure market.
Hotel Forecasting and Why It Is Crucial to Your Success
Revenue Hub
OCTOBER 8, 2024
Hotel forecasting plays a vital role in strategic decision-making, shaping both the short and long-term success of a property or portfolio. Reasons for hotel forecasting Effective hotel forecasting provides multiple benefits, not only with strategic planning, but also at the operational level.
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How Small Hotels Can Capture Overflow From Big Events
Revenue Hub
AUGUST 28, 2024
NB: This is an article from Knowland Subscribe to our weekly newsletter and stay up to date These events generate high demand for hotel rooms, presenting small and select service hotels with an opportunity to maximize their revenue. Tools like Knowland provide valuable insights into annual or recurring events in specific sub-markets.
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Revenue Management from the Hotel Manager Perspective
Revenue Hub
JUNE 11, 2024
The role of a Hotel Manager (or General Manager) is multifaceted, requiring a blend of leadership, operational expertise and the ability to develop and oversee the execution of strategic business goals. Read the full article at RoomPriceGenie The post Revenue Management from the Hotel Manager Perspective appeared first on Revenue Hub.
How to Make Hotel Budgeting as Smooth and Painless as Possible
Revenue Hub
NOVEMBER 3, 2023
NB: This is an article from HotStats This year, with persistent inflation, added pressures on cost control, and uncertainty about the economy, the process is as fraught as ever. Create a Strategic Plan “Planning is critical,” said Elena Ladisova, vice president of Brookfield Asset Management.
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8 Tips to Boost Your Hotel Holiday Revenue
Revenue Hub
OCTOBER 28, 2024
NB: This is an article from Sabre Subscribe to our weekly newsletter and stay up to date With a growing trend towards experiences over physical gifts , this period is especially lucrative for businesses. However, this year’s shortened holiday season means early strategic planning is crucial.
The Three Most Critical Roles in a Hotel for Business Success
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. Read the full article at Demand Calendar The post The Three Most Critical Roles in a Hotel for Business Success appeared first on Revenue Hub.
Broadening Scope: Why Hotels Must Rethink Revenue Management
Revenue Hub
MARCH 25, 2024
NB: This is an article from Demand Calendar Subscribe to our weekly newsletter and stay up to date While necessary and partly automated by a revenue management system, this operational focus consumes considerable time, leaving little room for strategic planning and innovation.
Hotel Shoulder Season: Tips to Maximize Hotel Performance
Revenue Hub
OCTOBER 8, 2024
NB: This is an article from Tripleseat Subscribe to our weekly newsletter and stay up to date Although foot traffic and bookings might dip during this time, it’s far from a dead zone. With a little creativity and strategic planning, hotels can make the shoulder season a time of opportunity, rather than a period of slow business.
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Understanding the Hotel Compset and Why You Must Develop One
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.
When Dates Matter: Calendar-Centric Hotel Analytics
Revenue Hub
NOVEMBER 27, 2023
NB: This is an article from Demand Calendar Subscribe to our weekly newsletter and stay up to date We’ll decode the language of hotel data shaped by the sway of the calendar, so you can better understand this vital information. Understanding revenue patterns is crucial for effective management and strategic planning.
Why Should The Hotel General Manager Care About Forecasting?
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.
Hotel Budgeting 2024: Improve Performance in Uncertain Times
Revenue Hub
NOVEMBER 17, 2023
In our previous article, we shared insights and advice from global hospitality experts on how to make the 2024 hotel budget process as smooth and painless as possible. NB: This is an article from HotStats Subscribe to our weekly newsletter and stay up to date 1. That is absolutely critical.”
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The Ultimate Guide to Hotel SMS Marketing
Revenue Hub
FEBRUARY 27, 2024
NB: This is an article from Directful Subscribe to our weekly newsletter and stay up to date This guide examines the traditional aspects of SMS text marketing and the integration of AI technologies, a game-changer in the realm of personalized communication and guest service optimization.
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The Need for Hotel Capex and Creating Returns
Revenue Hub
NOVEMBER 23, 2023
NB: This is an article from Global Asset Solutions The news that a brand is being overhauled is never received well by owners, who fear that they will have to spend out on new amenities – mattresses were popular at one time – which are now part of the brand standards and absolutely must be acquired, at the risk of losing the flag.
How to Export Historical Data from Google’s Universal Analytics
Revenue Hub
JUNE 6, 2024
NB: This is an article from three&six , one of our Expert Partners Subscribe to our weekly newsletter and stay up to date This step-by-step guide will walk you through the process of exporting data from Universal Analytics, allowing you to leverage historical data and gain valuable insights into your business performance.
Mastering The Art of Resort Revenue Management
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. These forecasts are instrumental in strategic planning, enabling resorts to manage their resources effectively and maintain a consistent revenue stream all year round.
Thoughtful Thursday: 4 Must-Have Add-ons for Your Booking Engine
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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10 Strategies to Skyrocket Profitability in City Hotels
Revenue Hub
JULY 19, 2023
NB: This is an article from Lybra , one of our Expert Partners In this article, we delve into ten comprehensive strategies that can help you drive revenue and enhance guest experiences. Read more articles from Lybra The post 10 Strategies to Skyrocket Profitability in City Hotels appeared first on Revenue Hub.
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How to Build a Hotel KPI Tree and Link it to Your Strategy
Revenue Hub
FEBRUARY 13, 2023
NB: This is an article from Demand Calendar These KPIs have been there forever and will not change any time soon. Define the strategy Establish the hotel’s mission, vision, and goals by conducting one or several strategic planning meetings with stakeholders before setting plans and budgets for the next year.
Hotel Budgeting for Change (Part 1)
Revenue Hub
NOVEMBER 13, 2023
NB: This is an article from Global Asset Solutions This is no less true for budget season, although for many in the hotel sector, it can also come with a sense of foreboding. Each plan should include S&M actions, deadline, cost and the ROI of each action and who is responsible for completing each action.
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Maximize Returns: Navigating Budgets and Costs in Hotel Paid Search
Revenue Hub
JULY 25, 2023
NB: This is an article from Triptease , one of our Expert Partners But getting it right requires hoteliers to budget and manage costs effectively. Hotel-related keywords often have higher competition and cost more to bid on which means careful selection and strategic planning is necessary.
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How to Conduct Your Hotel SWOT Analysis in 6 Steps
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.
Reasons to work as a tourism consultant
Les Roches
JULY 9, 2024
Reasons to work as a tourism consultant 9th July, 2024 In this article The role of a tourism consultant What is it like to work as a travel consultant? Whether you are passionate about cultural exchange, sustainable development or strategic planning, working as a tourism consultant could be the right choice for you.
Understanding the Booking Window and How to Successfully Manage it
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? Stay ahead in the hospitality game by mastering the booking window and strategically planning your revenue management! It indicates how far in advance guests book with you.
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Boosting Hotel Revenue: 7 Innovative Techniques and Strategies
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. Insights gained from data analysis enable informed decision-making and strategic planning.
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Hotel Revenue Management: From Quick Fixes to Long-Term Wins
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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Epic Duel: RMS vs Revenue Managers… Who Will Come Out Top?
Revenue Hub
AUGUST 15, 2024
By having an RMS manage the data analysis, revenue managers can focus on high-level oversight and work with other internal departments to develop strategic plans to better meet the property’s business goals. Read more articles from RoomPriceGenie The post Epic Duel: RMS vs Revenue Managers… Who Will Come Out Top?
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The “Why?” Is So Important: Use Data to Reach Actionable Insights
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
The Modern Revenue Manager: 7 Keys to Success
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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How to become an international business manager
Les Roches
SEPTEMBER 12, 2024
How to become an international business manager 12th September, 2024 In this article What is international business management? Morning: global updates and strategic planning Days usually start early to align with different time zones. How much do international business managers make?
From concierge to CEO: hotel careers in UAE
Les Roches
JULY 1, 2024
From concierge to CEO: hotel careers in UAE 1st July, 2024 In this article The United Arab Emirates (UAE) stands as a global hub for hospitality and tourism, attracting millions of visitors each year to its luxurious hotels, stunning resorts and world-renowned attractions.
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The Revenue Management Needs of Different Hotel Stakeholders
Revenue Hub
DECEMBER 1, 2022
NB: This is an article from IDeaS. When departments align and data and market intelligence is shared, staff have a clearer idea of which strategic business opportunities to pursue, negotiate or decline. “We We are still in the system daily but only for short periods of time, giving us far more bandwidth for strategic planning.
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How to start a hotel management company
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.
Four Industry Trends Revenue Managers Should be Tracking
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. Travel was obstructed by the COVID-19 pandemic, followed by three years of lingering travel restrictions.
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The benefits of online learning for hospitality
Les Roches
JULY 1, 2024
The benefits of online learning for hospitality 1st July, 2024 In this article As technology continues to transform the way we learn and work, online education has emerged as a powerful tool for aspiring hospitality professionals seeking to start a rewarding career or advance their existing role in the industry.
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Explore the leading tourism companies in Dubai
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.
Insights into hotel management salary and requirements
Les Roches
AUGUST 21, 2024
Insights into hotel management salary and requirements 21st August, 2024 In this article Different roles and their salaries What affects hotel management salaries Requirements to get hotel management roles Skills needed to succeed in hotel management With more than 1.3 Let’s explore the various hotel management careers.
Worried about How To Boost Employee Morale and Retain Restaurant Staff ? Try these 5 Strategies!
The Restaurant Times
SEPTEMBER 23, 2020
This article offers five effective ways of how restaurateurs can raise the spirits of their staff, boost employee morale, and keep up profits. If you want to establish a dedicated team of employees loyal to your restaurant, make a strategic plan to boost employee morale, and create a culture of satisfied employees.
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Sustainability manager: green leadership in action
Les Roches
DECEMBER 23, 2023
In this article, we’ll look at the responsibilities, qualifications, career progression and salary expectations of this increasingly vital role. Sustainability managers fulfill a pivotal role as strategic leaders, guiding businesses towards environmentally sustainable practices. But what is a sustainability manager?
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Hotel Data Collection: What Guest Data Is Best?
Metasphere
APRIL 3, 2022
Find out in this article as we break down the 5 most important types of guest data. In addition, hoteliers can use it for marketing purposes as well as aiding in strategic planning efforts. But with so many sources of data, which one is really useful? Table of Content. What Is Guest Data?
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How can I learn hotel management?
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?
What it’s like to work in hotel operations management
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? Core areas of hotel operations Who is in charge of hotel operations management?
Top skills to land your dream job in hospitality
Les Roches
SEPTEMBER 19, 2024
Top skills to land your dream job in hospitality 19th September, 2024 In this article The top skills you need in hospitality Enhancing your hospitality skillset Showcasing your hospitality skills effectively Navigating career paths in the hospitality sector Continuing professional development If you’re passionate about service and guest experience, (..)
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