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.

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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.

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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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Social Hospitality

NOVEMBER 20, 2024

By mapping out these dates, you can strategically plan your content to coincide with your customers’ holiday activities, travel patterns, and preferences. Don’t overlook regional events, international holidays , or industry-specific observances that could attract a broader audience.

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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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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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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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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.

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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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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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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.

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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.

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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

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.

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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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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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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.

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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.

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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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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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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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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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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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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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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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Social Hospitality

FEBRUARY 5, 2025

When hospitality businesses recognize the advantages and drawbacks of these methods, a strategic plan that optimizes investment returns emerges. At the same time, your well-planned strategy will help you attract and retain more customers despite digital market competition.

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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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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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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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Revenue Hub

SEPTEMBER 12, 2024

NB: This is an article from Smartpricing Subscribe to our weekly newsletter and stay up to date In the rapidly evolving hospitality industry, hotel and lodging businesses must continuously adapt to stay competitive. Strategic planning and development Start by defining your revenue diversification goals using the S.M.A.R.T.

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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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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.

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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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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.

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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. Travel was obstructed by the COVID-19 pandemic, followed by three years of lingering travel restrictions.

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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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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?

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