Hotel Business

JANUARY 16, 2024

Wurzak Hotel Group has expanded its services to include third-party hotel management services for additional ownership groups in strategic markets. “We have historically focused on managing hotels for a select group of owners,” Jake Wurzak, co-CEO of Wurzak Hotel Group (WHG).

Guest Satisfaction 64

Guest Satisfaction Revenue Projections Budgeting Accounting 64

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

Revenue Hub

NOVEMBER 23, 2022

This is especially true in high season when you’re counting on maximizing your revenue. Last-minute cancellations and no-shows can leave you with a hole in your revenue projections if you don’t use them or if you leave them in the hands of the OTAs. The amount varies from hotel to hotel.

Book 52

Book Reservations Revenue Projections Pricing 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

Hotel Business

JUNE 28, 2024

While quoting Thanos is maybe a little dramatic here, hotel budgeting season being right around the corner is no joke. That said, it’s clear that there are few items on your property’s wish list that provide the long-term value of an effective revenue management system. Is your hotel still manually generating forecasts?

Budgeting 59

Budgeting Pricing Training Book 59

SiteMinder

OCTOBER 29, 2024

In this guide we’ll hone in on how to start a property management business that services hotels and other short-term accommodation providers. It will outline any specialised markets you plan to target, such as boutique/luxury hotels or extended-stay properties. Table of contents How important is a property management business plan?

Property Management 59

Property Management Maintenance Document Marketing 59

Les Roches

JULY 5, 2024

This involves estimating construction costs, operating expenses, revenue projections and return on investment (ROI) calculations and identifying potential risks and opportunities. They then devise financing strategies to secure funding for the project to cover these costs and contingencies.

Travel and Tourism 52

Travel and Tourism Resort Management Regulatory Compliance Concierge 52