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. Expert opinions : Engages insights from hotel management and operational staff to understand local market dynamics. This is important for factoring customer behavior and emerging trends.

Strategic Planning 109

Strategic Planning Revenue Projections Information Article 109

Revenue Hub

FEBRUARY 13, 2023

Hotels are used to the same old KPIs as every business in the industry. There is no link to the strategy if there is a specific one for the hotel. Subscribe to our weekly newsletter and stay up to date Hotel KPIs are useless unless they are linked to a strategy and have a goal to be reached at some point.

Strategic Planning 98

Strategic Planning Article Definition Budgeting 98

Social Hospitality

FEBRUARY 5, 2025

Whether you run a hotel, restaurant, or event venue, your digital presence is key to attracting customers. A website optimized for search engines can compete for specific keywords, such as “best luxury hotel in Miami” and “top-rated Italian restaurant in Chicago,” to attract active users who search for these services.

Events 52

Events Special Events Strategic Planning Marketing 52

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!

Strategic Planning 109

Strategic Planning Information Article Budgeting 109

Lodging Magazine

SEPTEMBER 26, 2024

In this role, Dvoranchik will oversee all financial operations, including strategic planning, budgeting, forecasting, and financial reporting. Hotel Heron announced the appointment of Liz Martinez as general manager of KLN, the property’s restaurant.

Strategic Planning 59

Strategic Planning Budgeting Guest Services Magazine 59

SiteMinder

JULY 13, 2024

What is hotel revenue management? Hotel revenue management is the strategic distribution and pricing tactics used to sell perishable room inventory to the right guests at the right time in order to boost revenue growth. Other products such as hotel amenities and food and beverage offerings will also form part of the strategy.

Pricing 98

Pricing Book Budgeting Marketing 98

Revenue Hub

DECEMBER 1, 2022

In a competitive operating environment, where every pricing decision counts, all hotels need to ensure that they are pricing themselves correctly in the market, minimising operational costs, and attracting the right guests at the right rates. Hotel Owners. NB: This is an article from IDeaS.

Pricing 98

Pricing Marketing Information Article 98

STAAH

MAY 11, 2023

9) Affordable Prices Kerala offers a plethora of affordable accommodation options, making it an ideal destination for budget travellers seeking value for money without compromising on the beauty and hospitality of the state. Looking for a place to stay? Looking for a place to stay?

Travel and Tourism 98

Travel and Tourism Budgeting Business Development Strategic Planning 98

Xotels Hotel Revenue Management

APRIL 3, 2024

We have written extensively about hotel revenue management strategies and tactics here throughout the years. As strategy is one of the most essential parts of revenue management, we have made a summary of all the top advice from our perspective as a hotel revenue management consulting company.

Pricing 76

Pricing Book Marketing Information 76

Hotel Owner

FEBRUARY 12, 2024

Contracted positions exceeded expectations, reflecting growth over previous years and outperforming set budgets. Together with effective strategic planning that helped to navigate challenges and seize opportunities, we achieved outstanding results.

Strategic Planning 52

Strategic Planning Budgeting Business Development 52

Hotel Owner

FEBRUARY 21, 2025

Hotel management company Aimbridge EMEA has appointed a team of general managers (GMs) from across its UK and European portfolios to a new Advisory Council, designed to empower hotel teams and give GMs greater input into hotel initiatives.

Strategic Planning 52

Strategic Planning Information Budgeting Communication 52

Les Roches

JULY 9, 2024

Whether you are passionate about cultural exchange, sustainable development or strategic planning, working as a tourism consultant could be the right choice for you. The role of a tourism consultant Providing expert advice and strategic guidance to businesses, governmental and other organizations in the tourism industry.

Travel and Tourism 52

Travel and Tourism Strategic Planning Workshop Budgeting 52

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.

Guest Satisfaction 52

Guest Satisfaction Housekeeping Budgeting Events 52

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? Hotel operations managers are the masterminds who drive these guest interactions.

Travel and Tourism 52

Travel and Tourism Housekeeping Maintenance Guest Satisfaction 52

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. Starting a hotel management company is one of those and can be both rewarding and lucrative.

Travel and Tourism 52

Travel and Tourism Guest Satisfaction Revenue Projections Communication 52

Les Roches

OCTOBER 23, 2023

The role of a sales and marketing director A sales and marketing director is responsible for deciding the direction of marketing and sales activities for a hospitality company, whether that’s a single hotel, a chain or a five-star resort. You could even get the chance to work for some of the top hotel brands.

Marketing 52

Marketing Strategic Planning Travel and Tourism Communication 52

Xotels

APRIL 3, 2024

XOTELS – Revenue Management eBook In the first chapter of this eBook, we will go over the definition of what is revenue management in the hotel and hospitality industry. Why is Revenue Management Important to Hotels & Other Industries? What Makes Hotels Suitable to Apply Revenue Management?

Pricing 52

Pricing Book Budgeting Marketing 52

Les Roches

JULY 4, 2024

What do you study in an online hotel management degree? But what do you study in an online hotel management degree? Understanding hotel management Managing a hotel or other tourism venue covers a broad range of roles and responsibilities, all of which are vital to the success of the business.

Travel and Tourism 52

Travel and Tourism Guest Satisfaction Events Guest Services 52

Les Roches

MARCH 8, 2024

Thorough research, strategic planning and meticulous preparation are essential to ensure a competitive application and gain admission to your desired program. Researching and shortlisting potential schools A crucial first step in the application process is to fully research the schools you are considering.

Strategic Planning 52

Strategic Planning Budgeting Travel and Tourism Hospitality Management 52

Xotels Hotel Revenue Management

SEPTEMBER 1, 2020

For many people, starting their own boutique hotel or luxury bed and breakfast is like a dream. 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. Facilities.

Definition 52

Definition Marketing Budgeting Article 52

MBB Hospitality

SEPTEMBER 15, 2024

However, with strategic planning and adaptability, businesses can mitigate these challenges and thrive. For instance, higher raw material prices can squeeze profit margins, while increased wages may strain budgets. Heres how to stay in business despite economic pressures.

Budgeting 52

Budgeting Pricing Strategic Planning Customer Service 52

Serviced Apartments

JUNE 24, 2024

In Paris, where the Olympic Games start on 26 July, ADR has also risen by 30-70 per cent compared to hotel rooms, which have increased by as much as 200 per cent. As much as possible plan ahead to secure the best rates and accommodation as early as possible, particularly if managing accommodation for a large group.

Travel and Tourism 40

Travel and Tourism Strategic Planning Events Budgeting 40

Les Roches

AUGUST 2, 2024

The top hotels in Dubai to work in 2nd August, 2024 In this article What makes a hotel stand out? The popular tourism industry is supported by over 800 hotels , including some of the most prestigious venues on the planet, offering unparalleled opportunities for those looking to advance their careers in hospitality.

Travel and Tourism 52

Travel and Tourism Guest Satisfaction Training Hospitality Management 52

Hotel Business

AUGUST 30, 2023

Choice Hotels International Inc. has revealed key executive appointments that position the company for continued future growth following its acquisition of Radisson Hotels Americas and the successful integration of its nine brands onto Choice’s central reservation system.

Strategic Planning 52

Strategic Planning Budgeting Reservations Marketing 52

Xotels

NOVEMBER 23, 2023

What is hotel management, you might ask? The hotel industry is broad and complex, with many stakeholders involved. Did you, for example, know hotels are not just managed by one party but typically have many different players involved in operating the hotel? And that’s a really good question.

Housekeeping 40

Housekeeping Maintenance Article Concierge 40

Xotels

NOVEMBER 23, 2023

What is hotel management, you might ask? The hotel industry is broad and complex, with many stakeholders involved. Did you, for example, know hotels are not just managed by one party but typically have many different players involved in operating the hotel? And that’s a really good question.

Housekeeping 40

Housekeeping Maintenance Article Concierge 40

Les Roches

JUNE 26, 2024

What degree is best for hotel management? 26th June, 2024 In this article In the fast-paced world of hospitality, the role of a hotel manager is vital. A solid educational background is essential to excel in this field, but knowing what degree is best for hotel management can be hard.

Guest Satisfaction 40

Guest Satisfaction Front Desk Operations Travel and Tourism Hospitality Management 40

Les Roches

JANUARY 19, 2024

Are you interested in being part of the hospitality industry or even dreaming of operating your own hotel? Before embarking on a project in this competitive industry, it’s essential to create a solid business plan. What is a hotel business plan? Why do you need a hotel business plan?

Marketing 52

Marketing Accounting Book Training 52

Xotels

APRIL 3, 2024

We have written extensively about hotel revenue management strategies and tactics here throughout the years. As strategy is one of the most essential parts of revenue management, we have made a summary of all the top advice from our perspective as a hotel revenue management consulting company.

Pricing 40

Pricing Book Marketing Information 40

Les Roches

AUGUST 1, 2024

Established in 1959, DNATA (Dubai National Air Travel Agency) is renowned for its reliability and extensive network, which includes flight bookings, holiday packages, hotel reservations, car rentals and travel insurance. Their services include flight bookings, hotel reservations, customized holiday packages and event management.

Travel and Tourism 52

Travel and Tourism Book Communication Reservations 52

Les Roches

SEPTEMBER 12, 2024

If you want to specialize in managing international hotel or tourism businesses, a degree in hospitality will also give you experience and expertise in this niche along with transferable skills that will benefit you in other management roles. The manager begins by reviewing overnight emails, market reports and global news.

Travel and Tourism 52

Travel and Tourism Communication Strategic Planning Marketing 52

Les Roches

JULY 5, 2024

Construction phase: best practices and oversight Project managers oversee subcontractors and suppliers to keep the development on schedule and within budget as well as for quality, safety and adherence to regulatory requirements. Delays or denials in obtaining necessary approvals can impact project timelines and increase costs.

Travel and Tourism 52

Travel and Tourism Resort Management Regulatory Compliance Concierge 52

Les Roches

DECEMBER 27, 2022

Creating company budgets and monitoring finances to ensure financial targets are met across departments. If you’re already in full-time work, it’s worth considering studying an online course like online hotel management or online hospitality management qualification, so you have greater flexibility and control over your schedule.

Communication 52

Communication Hospitality Management Strategic Planning Customer Service 52

SiteMinder

FEBRUARY 14, 2024

Keeping up with new trends in tourism is crucial for hotel owners to stay competitive and meet the evolving expectations of guests. For instance, embracing eco-friendly practices can attract environmentally conscious travellers, setting a hotel apart as a sustainable choice. Table of contents Why keep up with new trends in tourism?

Travel and Tourism 59

Travel and Tourism Marketing Catering Book 59

Modern Restaurant Management

JANUARY 17, 2020

" Benihana Plans Franchise Expansion. announced a strategic plan to support the continued expansion of its business. The plan is centered around four key initiatives, which include: New restaurant development in the U.S.; Benihana National Corp. Select U.S. acquisitions; U.S. franchise development; and. cities. . "It's

Multi-Unit Operations 136

Multi-Unit Operations Marketing Customer Service Strategic Planning 136

Les Roches

JANUARY 25, 2024

Hotel industry players who can leverage data effectively gain valuable insights that can influence their strategic decisions, from setting room prices to designing hotel marketing strategies. This is where data analytics comes to the fore as a process that draws meaningful patterns from vast volumes of data.

Competitive Analysis 52

Competitive Analysis Information Pricing Marketing 52

Les Roches

DECEMBER 28, 2022

Whether it’s a restaurant, hotel, or events company, digital transformation is a vital component for modern, thriving businesses. Examples of digitalization include creating an online hotel check-in process or integrating diary management and allowing direct booking via a website. Ready to find out more? Digital transformation.

Book 52

Book Customer Service Information Concierge 52