Xotels Hotel Revenue Management

SEPTEMBER 1, 2020

But opening a hotel business , just like any new company, is more difficult than it might seem at first sight. The hotel business is highly competitive and achieving good financial results is not as easy as it seems. The challenge, however, lies more in the strategic and organizational areas of the business.

Definition 52

Definition Marketing Budgeting Article 52

Revenue Hub

JULY 24, 2023

When used strategically, your data can unlock hidden opportunities and make more informed decisions for budgeting, cost optimisation, marketing, and forecasting – all aspects of which determine the value and profitability of your venue space.

Pricing 89

Pricing Book Events Competitive Analysis 89

Hotelogix

OCTOBER 19, 2023

To get a clear picture of your hotel compset analysis, you need to start with the following steps: Define your goals for competition, such as attracting more guests or increasing prices for greater revenue, or improving services compared to competitors. If you serve business travelers, select hotels in the same category.

Pricing 100

Pricing Competitive Analysis Marketing Budgeting 100

SiteMinder

JULY 13, 2024

The growth of data that’s now readily available as well as the ways to track and analyse it provides a wealth of new opportunities for your business to turn a profit. The most successful hoteliers are savvy operators who continually look for ways to learn and improve the way they do things, gaining an edge over the competition.

Pricing 98

Pricing Book Budgeting Marketing 98

Les Roches

AUGUST 21, 2024

Finance manager One of the most vital hotel management positions, these experts oversee the financial aspects of hotel operations , including budgeting, financial reporting and cash flow management. Their role also involves managing event budgets, negotiating contracts with vendors and handling post-event evaluations.

Guest Satisfaction 52

Guest Satisfaction Housekeeping Budgeting Events 52

The Restaurant Times

FEBRUARY 25, 2022

Read on to understand the solutions to tackle high restaurant failure rates and ways to run a successful business. Spend each penny wisely and make sure it is beneficial for the business. Many first-time owners tend to choose a location too expensive for their budgets. Thus, marketing has become a must for a thriving business.

Competitive Analysis 52

Competitive Analysis Budgeting Accounting Marketing 52

Les Roches

JANUARY 25, 2024

In the digital age, data can be the source of actionable insights, empowering businesses to make informed decisions that can shape lucrative strategies and create growth. Let’s look at the intriguing world of data analytics and it can be essential for any hospitality business. What is data analytics in the hospitality industry?

Competitive Analysis 52

Competitive Analysis Information Pricing Marketing 52

The Restaurant Times

SEPTEMBER 15, 2020

With proper planning and resources, you can make your waffle business a booming success. Choosing the right location is extremely important for sustaining a waffle business. It is highly advisable to do a competitive analysis to understand how your competitors are doing in that location. Online Food Ordering.

POS Systems 52

POS Systems Competitive Analysis Budgeting Procurement 52

SiteMinder

AUGUST 18, 2022

At your hotel you also need to perform regular competitive analysis to see where you stand in the local market and how you can gain an advantage, or at least maximise your potential revenue and profit. This blog will tell you everything you need to know about hotel competitor analysis. Choose and score competitive attributes.

Pricing 52

Pricing Competitive Analysis Budgeting Blog 52

Revenue Hub

NOVEMBER 4, 2022

Your USP is one of the cornerstones of your business. Accurately identifying these and marketing them in an appealing way towards your target audiences is how you will get your USP to prop your business up where it belongs. Unique differentiators are the key difference between your business surviving and thriving. A breakdown.

Competitive Analysis 58

Competitive Analysis Marketing Article Budgeting 58

Lithos POS

JANUARY 27, 2022

“ Around 63% of restaurants close within their first year and 85% don’t last more than five years “ This sounds like the thing that’s stopping you from getting into the restaurant business, but maybe it’ll be easier than you think. Management is an important part of a business. Management.

Competitive Analysis 52

Competitive Analysis Server Marketing Training 52