by Jean-Marc Robillard | Oct 8, 2024 | Hotel Revenue Management
Regardless of department, hotel teams are often faced with a dilemma. Is it worth it to adopt new technologies, or should we continue with the processes we’re familiar with? Embracing new tools can be daunting and often comes with fears that it will replace roles or...
by Jean-Marc Robillard | Sep 26, 2024 | Hotel Revenue Management
In today’s highly competitive hospitality landscape, maximizing profitability while maintaining exceptional guest experiences is more crucial than ever. Implementing a hotel revenue management system (RMS) is a strategic approach that can transform how hotels...
by Jean-Marc Robillard | Sep 12, 2024 | Hotel Revenue Management
Hotel revenue management involves a set of key formulas and calculations that are crucial for effectively running and optimizing a hotel’s financial performance. These metrics help hoteliers make data-driven decisions, forecast demand, set pricing strategies,...
by Jean-Marc Robillard | Sep 6, 2024 | Hotel Revenue Management
Dynamic pricing and revenue management are two closely related concepts that play a crucial role in modern business strategies. While they share some similarities, it’s important to understand the key differences between the two. What is Dynamic Pricing? Dynamic...
by Jean-Marc Robillard | Aug 22, 2024 | Hotel Revenue Management
During World War II, the Allied forces faced a critical problem – many bombers were getting shot down on missions over enemy territory. To address this, researchers meticulously recorded the locations of bullet holes on the planes that returned from combat...
by Jean-Marc Robillard | Aug 15, 2024 | Hotel Revenue Management
The Importance of Pricing in the Hotel Industry Pricing is a critical factor in the success of any hotel business, particularly in highly competitive markets. Accurately calculating room rates is essential for hoteliers, as they often face fierce competition from...
