Revenue Hub

NOVEMBER 12, 2024

Millions of dollars in bookings are lost yearly. The sooner hoteliers can make Black Friday sales work for them, the sooner revenue projections and rate yielding for the following year can take place. We are here to demystify building a strong hotel sale strategy, step by step.

Book 103

Book Revenue Projections Pricing Article 103

Revenue Hub

OCTOBER 28, 2022

Although occupancy rates and room revenues projection are now approaching 2019 levels, the outlook for ancillary revenue is expected to lag behind due to business travel, meetings, and a slower return of group bookings. Update your website to promote and book all ancillary opportunities.

Reservations 96

Reservations Book Catering Special Events 96

Hotel Business

JUNE 28, 2024

Forecasts should help hoteliers understand their future demand across a variety of booking channels, as well as by market segment, room type and length of stay. With these capabilities, hotels can use an RMS to comprehensively view any property’s revenue potential. 2: Does your RMS offer revenue and pricing optimization?

Budgeting 59

Budgeting Pricing Training Book 59

Revenue Hub

NOVEMBER 23, 2022

NB: This is an article from Revenue Team by Franco Grasso , one of our Expert Partners. This is especially true in high season when you’re counting on maximizing your revenue. Last-minute cancellations and no-shows can leave you with a hole in your revenue projections if you don’t use them or if you leave them in the hands of the OTAs.

Book 52

Book Reservations Revenue Projections Pricing 52

SiteMinder

AUGUST 1, 2024

Sales channels: How you will determine your distribution strategy , whether it’s direct bookings, online travel agents (OTAs), or a combination of both. Pricing strategy: How you will set competitive room rates and consider implementing revenue management strategies to maximise occupancy and revenue.

Travel and Tourism 95

Travel and Tourism Competitive Analysis Pricing Budgeting 95

7 Shifts

JULY 16, 2021

revenue projections) and will detail your coffee shop's unique selling proposition. In his classic book, Setting the Table, Danny Meyer outlined his process for hiring at Union Square Hospitality Group—the 51% solution. The findings will guide you to best answer the following question: “Is my idea worth pursuing?”.

Scheduling 183

Scheduling Marketing POS Systems Pricing 183

Les Roches

JULY 5, 2024

This involves estimating construction costs, operating expenses, revenue projections and return on investment (ROI) calculations and identifying potential risks and opportunities. They then devise financing strategies to secure funding for the project to cover these costs and contingencies.

Travel and Tourism 52

Travel and Tourism Resort Management Regulatory Compliance Concierge 52