Revenue Your Hotel · 26 Dec
It is only few days and 2020 is approaching us, everyone in the industry might be busy for closing 2019 successfully and plan ahead for 2020 , well this is the normal process all of us has year over year , for most of us it year went and another one come.
Revenue Your Hotel · 14 Dec
Your property's bottom line is defined and measured for success if you as the property revenuemanager implement a good revenue management strategy with the help of other departments inyour property. The strategy of implementing good revenue management has been tried andapproved of success is true through the regular revenue management measurement, but there isanother and more efficient way to influence your property's yields. We call the strategy profitmanagement which determines a property's net revenue after taking into consideration the costsof acquisition by channel, opportunity costs, and target audiences.
Revenue Your Hotel · 29 Nov
Long-time ago for hotel industry performance analysis, there are two simple traditional indicators were used: ADR (average room rate) and the percentage of occupancy. Then with the progress of yield/revenue, management RevPAR (revenue per available room) started to be the main indicator, because it reflected how efficient the hotelier could manage occupancy and price at the same time, depending on demand.
Revenue Your Hotel · 11 Nov
Choosing the correct hotel Channel Manager is always a critical decision for hotels. There are many factors can be taken into consideration when you decide which channel manager to select for your hotel, it could be your hotel size, cost, time-saving, ……..etc. If you do not have the right channel manager that distributes your rooms in an organized way, you run the risk of double booking your rooms - resulting in unhappy customers, lost revenue, and even more wasted time trying to rectify the situation.
Revenue Your Hotel · 27 Aug
A few weeks ago, a friend of mine asked me to assist her in evaluating and introduce some insight about revenue management for Boutique hotels, using my experience in revenue management field that was a new opportunity to explore more about the revenue management and if it can be implemented to the boutique hotels and up to which level .
Revenue Your Hotel · 22 Feb
In our previous article, The Future of Revenue Management with the OTA's we highlight the rules of revenue management, and the professionals who practice it on an almost-continuous basis. The role of OTAs and online distribution in revenue maximization has gained unprecedented importance. Of lately, hotels have started implementing formal revenue management guidelines, roping in committed professionals to sharpen and focus their revenue generation processes and augmenting their profitability. Hotels are using advanced travel technology tools for handling their hotel revenue management.
Revenue Your Hotel · 10 Feb
Nowadays hotel revenue management has become a somewhat controversial buzzword in hotel industry, back in the day, revenue management meant opening and closing availability and rates. When Online Travel Agents entered the scene, the industry became obsessed with simple adjustments of rates. Today, the playing field is drastically more complex. Modern revenue managers are experts at analyzing, forecasting, and optimizing hotel inventory through availability restrictions and dynamic rates and have, appropriately enough, become instrumental in managing a hotel's demand.
Revenue Your Hotel · 6 Feb
While the hospitality industry has an ongoing need for managers at all levels, the need is even greater for revenue managers who possess the long-term mindset, capabilities and operational understanding.