Hotel Revenue Management-The Friday 5
This week, we’ve found some articles with great advice to improve your hotel revenue strategy and win more business direct. Tnooz looks at smart hotels that try things a little differently and HospitalityNet have a top 10 checklist to maximise revenue across your hotel.
Check them out!
A Revenue Manager’s Daily Checklist
An effective revenue management strategy must look at the business from every angle, taking into account external factors like demand and competition, and internal factors like availability. Follow this daily checklist for Revenue Managers and ensure your hotel is reaching maximum profitability.
The Most Used Revenue Management KPI’S for Hotels
A key performance indicator can provide revenue managers and hotel owners with valuable information about the performance of their business. This article looks at some of the most widely sed revenue management KPI’s and how they can help you.
Hotel Revenue Management Strategies You Need to Adopt in 2018
To start planning your hotel revenue management strategies for the year, you need to decide how much to spend on digital marketing, which channels to optimize, and where to make investments in new technology while keeping up with the budget allocated for the financial year.
Eight Things Smart Hotel Revenue Managers Do Differently
In this article from Tnooz the author looks at what successful hoteliers do to be different in this very competitive landscape.
Creating an Effective Revenue Management Strategy for Independent Hotels
Independent and boutique hotels have the opportunity to capitalise on traveller appetite for unique experiences. Coupling this with hotel revenue management best practices, your hotel has ample opportunity for financial success.