Remove Guest Services Remove Pricing Remove Travel and Tourism
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Strategies to Manage Hotel Revenue & Increase Profit

Hotelogix

This shift requires a comprehensive approach integrating cost control, strategic marketing, and top-notch guest services. Utilizing guest data to personalize offers can lead to higher uptake of ancillary services. Dynamic pricing strategies: Move beyond static pricing and adopt dynamic pricing for rooms.

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How to start a hotel business plan

SiteMinder

Marketing strategy: Highlight your key marketing initiatives, such as online advertising, social media engagement, or partnerships with travel agencies. Target market: Define your ideal guest profile, including their demographics, interests, and travel habits. Research your direct competitors and indirect competitors (e.g.,

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How to Achieve Value Through Hotel Revenue Management

Revenue Hub

NB: This is an article from Robert O’Halloran , Professor Director, School of Hospitality Leadership at East Carolina University A new hotel to some is just another place some travelers cannot afford to stay. Where was the value for the price paid? Customer demand: guests who are willing to pay different prices.

Pricing 109
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Guide to hotel fees and surcharges for hotels

SiteMinder

Internet fees and telephone call surcharges While basic Wi-Fi might be complimentary, premium internet services or international calls can incur additional fees, catering to the needs of business travellers. Depending on where you’re operating, taxes may be included in the room price (e.g.

Book 105
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Emerging Hotel Moguls Shaping the Future of Hospitality

Social Hospitality

They’re adapting to the shifting preferences of modern travelers by bringing sustainability, technology, and experiential travel to the forefront. Redefining Luxury Today’s hotel guests expect more than lavish rooms and five-star amenities. As a result, experiential travel is a defining trend in modern tourism.

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What do you study in an online hotel management degree?

Les Roches

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. Hospitality and tourism management fundamentals All hospitality education courses should include a comprehensive understanding of the key industry basics.

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Hospitality Horizons 2024: Navigating the Top Trends

eZee Absolute

Table of Content Sustainable Practices Technology Integration Health and Safety Food and Beverage Trends Wellness and Well-being Marketing and Branding Revenue Strategies Sustainable Practices According to a survey conducted by Trip.com, 69% of travellers actively seek out sustainable travel options. Want to turn your restaurant vegan?