Revenue Hub

OCTOBER 28, 2022

When thinking of ways to increase revenues, most revenue managers focus on the room and look for ways to increase revenues by offering early check-in, late check-out, upgrades to suites and other room types, as well as generating no-show revenue. NB: This is an article from RealTime Reservation.

Reservations 96

Reservations Book Catering Special Events 96

Hotel Business

JUNE 28, 2024

These forecasts, in turn, drive automated, optimal pricing and inventory management decisions that capture more revenue while cutting out manual, time-intensive work. 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

7 Shifts

JULY 16, 2021

You may discover that your target customers enjoy an afternoon pick-me-up and are sensitive to price. This research will dictate your hours of operation and pricing plans! revenue projections) and will detail your coffee shop's unique selling proposition. Expected menu prices. How can you conduct this research?

Scheduling 183

Scheduling Marketing POS Systems Pricing 183

Les Roches

JUNE 24, 2024

Bespoke services, curated experiences and tailored recommendations based on guest data and preferences are all now on the agenda Sustainability and eco-friendly practices: one of the most significant focuses for the hotel industry is sustainability , with a growing emphasis on eco-friendly practices, energy efficiency and environmental conservation.

Travel and Tourism 52

Travel and Tourism Guest Satisfaction Revenue Projections Communication 52

The Restaurant Times

MAY 25, 2021

The analysis must include: Market segment catered to by the competitors. Revenue Projection: Once you have determined the expected daily footfall, you can calculate the average sales you can expect per customer, depending on factors like menu price. Most popular dishes offered by competitors. Strengths and weaknesses .

Revenue Projections 52

Revenue Projections Training Competitive Analysis Marketing 52

Xotels Hotel Revenue Management

SEPTEMBER 1, 2020

At the core of any successful pre-opening phase are well thought through elements of product pricing and positioning such as: Room type strategy (e.g. Competitive positioning (how do you competitively price yourself in the market, evaluating your value-add and weighing it against your competitors). Distribution (e.g. Financial Plan.

Definition 52

Definition Marketing Budgeting Article 52