article thumbnail

Hotel Forecasting- Methods, Reports & Software to use

Hotelogix

Increased guest satisfaction: Anticipating demand allows for better resource allocation, ensuring that guests receive timely and quality services. It serves as a guide for strategic planning and decision-making.

article thumbnail

Mastering The Art of Resort Revenue Management

Revenue Hub

NB: This is an article from Catala Consulting This approach is pivotal in optimizing financial performance and driving both revenue growth and guest satisfaction. These forecasts are instrumental in strategic planning, enabling resorts to manage their resources effectively and maintain a consistent revenue stream all year round.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Broadening Scope: Why Hotels Must Rethink Revenue Management

Revenue Hub

NB: This is an article from Demand Calendar Subscribe to our weekly newsletter and stay up to date While necessary and partly automated by a revenue management system, this operational focus consumes considerable time, leaving little room for strategic planning and innovation.

article thumbnail

Revenue Management from the Hotel Manager Perspective

Revenue Hub

A Hotel Manager should be comfortable with using revenue management insights for strategic planning, including setting long-term goals, budgeting, and investment decisions.

article thumbnail

The Three Most Critical Roles in a Hotel for Business Success

Revenue Hub

In the case of mega-chain hotels, while the corporate headquarters often provide strategic plans and policies, the GM’s responsibility is to implement these directives effectively and ensure that the entire team understands and aligns with them. However, having a dedicated GEM is critical for achieving high guest satisfaction.

article thumbnail

8 Tips to Boost Your Hotel Holiday Revenue

Revenue Hub

However, this year’s shortened holiday season means early strategic planning is crucial. Collaborating with local businesses enhances guest satisfaction and strengthens your hotel’s reputation within the community, driving repeat visits and attracting new guests seeking unique, value-added experiences.

article thumbnail

What is a Hotel PMS? All about Hotel Property Management System

Hotelogix

The automation provided by a PMS enhances guest satisfaction, increases operational efficiency, and allows for better data-driven decision-making. They are also responsible for strategic planning to ensure the success of a hotel business. This automation via a Hotel POS system saves time and helps avoid billing errors.