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Future of Hotel Budgeting: Automation and Data-Driven Upselling

Revenue Hub

Ahh, budget season… a time every hotelier knows all too well. That’s the promise of automation and data-driven upselling, with hospitality platforms like Plusgrade transforming how hotels manage budgets and make decisions. Let’s look at how automation is turning budgeting from a yearly drag into a strategic opportunity.

Budgeting 106
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How to Reduce Technology Management Costs in Hotels

Hotelogix

Take your hotel operations to the cloud. That's because for hotels of all sizes — from boutique establishments to large hotel chains — cloud-based solutions like Hotel Property Management Systems (Hotel PMS) provide a pathway to reduce overhead costs while enhancing operational efficiency.

Demo 243
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Hotel budget: A complete guide to hotel budgeting

MEWS

What is a hotel budget? A hotel budget is essentially your financial roadmap, aligning with your hotel’s strategic goals to guide how you’ll spend and generate money throughout a specific period (typically a fiscal year).

Budgeting 147
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Impact of Artificial Intelligence on the Hotel Industry

Hotelogix

Running a hotel has always been about creating memorable experiences, but let’s face it things have gotten a lot more demanding. Now, imagine offering something like this on your hotel’s website. You don’t need a massive budget to make this happen. What’s Next for Hotels and AI? The best part?

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Ask Anthony: Getting System Upgrades Approved on a Tight Budget

Lodging Magazine

My hotel is currently operating on a very tight budget, and I am struggling to get necessary system upgrades approved to ensure proper security measures are being met. Whether you’re managing a hotel or any […] The post Ask Anthony: Getting System Upgrades Approved on a Tight Budget appeared first on LODGING Magazine.

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Top 5 challenges independent hotels face in marketing their rooms online

Hotelogix

Online marketing helps hotels in establishing a brand identity, reaching out to millions of travelers and marketing rooms on a global platform. Limited budgets and resources : Budget constraint is the biggest problem faced by an independent hotel. Read: Does your hotel have enough reviews to get you views? )

Marketing 130
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How to budget and manage Customer Acquisition Cost

eHotelier

The traditional P&L based on cost categories is not telling stories about what is going on in the business, nor does it help make any relevant decisions.

Budgeting 264