Revenue Hub

JULY 19, 2023

NB: This is an article from Lybra , one of our Expert Partners In this article, we delve into ten comprehensive strategies that can help you drive revenue and enhance guest experiences. Not only does it provide potential guests with necessary information, but it also offers a platform to highlight unique selling points.

Pricing 92

Pricing Article Strategic Planning Book 92

Hotelogix

DECEMBER 7, 2023

These platforms work like magic to spread the word about property, inventory, prices, offers, etc. Choosing the right OTAs to partner with requires research and strategic planning. OTAs are now a great marketing resource for hotel owners, allowing them to reach a wider audience and optimize revenue.

Book 268

Book Budgeting Catering Strategic Planning 268

Hotel Owner

JUNE 30, 2023

As it stands, the hospitality industry is facing a multitude of operational challenges that require careful navigation and strategic planning to overcome. Investing in employees’ well-being, work-life balance, and work culture can create a motivated and dedicated workforce that contributes to enhanced guest satisfaction.

Travel and Tourism 105

Travel and Tourism Strategic Planning Procurement Concierge 105

Hotel Owner

JUNE 18, 2023

The importance of KPIs in the hotel industry cannot be overstated—they facilitate decision-making, inform strategic planning, and ultimately drive business growth. ADR helps hoteliers understand the potential and actual revenue per room, enabling informed pricing decisions. Booking Channels Identifying which channels (e.g.,

Book 105

Book Strategic Planning Guest Satisfaction Housekeeping 105

Les Roches

OCTOBER 23, 2023

They also research strategies and analyze the success of previous sales and marketing programs to make new strategic plans. Graduates not only gain insights into guest satisfaction but also develop a strong foundation for curating marketing strategies that truly resonate. What does a sales and marketing director do?

Marketing 52

Marketing Strategic Planning Travel and Tourism Communication 52

Les Roches

JULY 4, 2024

Lodging operations and management Courses should cover the intricacies of managing accommodation, including topics such as front office procedures, housekeeping management, facility maintenance and guest relations. Students need to learn how to analyze market demand, set pricing strategies and use revenue management tools and techniques.

Travel and Tourism 52

Travel and Tourism Guest Satisfaction Events Hospitality Management 52

Les Roches

JUNE 24, 2024

Hotel managers are tasked with ensuring the smooth and efficient operation of the property while providing exceptional service to guests. The role may also involve aspects of marketing, sales, revenue management and strategic planning to increase profitability and competitiveness.

Travel and Tourism 52

Travel and Tourism Guest Satisfaction Revenue Projections Communication 52

SiteMinder

JULY 13, 2024

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. Optimal strategies and techniques are dynamic, based on the understanding that hotel pricing is fluid and can change from one day to the next.

Pricing 98

Pricing Book Budgeting Marketing 98

Xotels

APRIL 3, 2024

Revenue Strategies & Tactics Market Segmentation Hotel Pricing Strategies Forecasting & Budgeting Properly How to Distribute Effectively? Many define revenue management as: “Selling the Right Room to the Right Client at the Right Moment at the Right Price.” IKEA (offering lower prices at times when it is least busy).

Pricing 52

Pricing Book Budgeting Marketing 52

Les Roches

JUNE 26, 2024

Bachelor of Hospitality Management Bachelor of arts in hospitality management These degree programs emphasize the service-oriented aspects of hospitality management, focusing on guest relations, communication and leadership skills.

Guest Satisfaction 52

Guest Satisfaction Front Desk Operations Travel and Tourism Hospitality Management 52

Les Roches

SEPTEMBER 3, 2024

Managing such a hospitality venue involves a wide range of duties, from overseeing housekeeping and food service to guest relations and maintenance. The primary goal is to maximize operational efficiency, which directly impacts guest satisfaction. Why is managing hotel operations so important?

Travel and Tourism 52

Travel and Tourism Housekeeping Maintenance Guest Satisfaction 52

Xotels

NOVEMBER 23, 2023

At its core, a management company can be seen as a strategic partner that empowers hotel owners to navigate the complexities of the hospitality industry with expert advice. The goal is to maximise the profitability and efficiency of hotels while maintaining a high level of guest satisfaction and service quality.

Housekeeping 40

Housekeeping Maintenance Article Concierge 40

Xotels

NOVEMBER 23, 2023

At its core, a management company can be seen as a strategic partner that empowers hotel owners to navigate the complexities of the hospitality industry with expert advice. The goal is to maximise the profitability and efficiency of hotels while maintaining a high level of guest satisfaction and service quality.

Housekeeping 40

Housekeeping Maintenance Article Concierge 40

Les Roches

MARCH 6, 2024

This could include factors such as product features, quality, pricing, customer service, brand values or innovation. Consider pursuing a bachelor’s degree or additional education to gain relevant knowledge and skills in areas such as branding, consumer behavior, market research and strategic planning.

Marketing 52

Marketing Communication Brand Management Information 52

SiteMinder

FEBRUARY 14, 2024

Meanwhile, understanding demand trends allows for dynamic pricing strategies, maximising occupancy and revenue during peak periods and stimulating demand when needed. Understanding emerging trends helps in strategic planning, ensuring that investments in marketing, renovations, or expansions are aligned with future market demands.

Travel and Tourism 59

Travel and Tourism Marketing Catering Book 59

Xotels Hotel Revenue Management

SEPTEMBER 1, 2020

We consider the following characteristics to be of great help: Guest first mentality & proactiveness, meaning always thinking of how the guest feels around your hotel and what can be done about it to improve their experience. Strategic Plan. Further down we have listed a time-based planning covering these topics.

Definition 52

Definition Marketing Budgeting Article 52