Guests and front desk receptionists hate it. Meanwhile, hotel and revenue managers see it as a profitable strategy. Hotel overbooking awakens strong emotions on both sides: guests and the hotel. And here is what you need to know: overbooking in the hotel industry is...
Key performance indicators or KPIs help hoteliers in evaluating how the hotel is performing. This article explains how to do hotel room revenue calculation and all the critical formulas used in revenue management. Hotel room revenue calculation As a...
There’s no way around it – a proper revenue management strategy is vital when you’re looking for hotel profitability. This article will explain it – in a simple way. What is revenue management? It is a strategy that involves predicting future...
What’s the most profitable hotel out there? The one that cares for its hotel pricing strategy. Creating hotel pricing strategies for your rooms is the critical step for maximizing your profits. Those who do revenue management professionally know that prioritizing...
Hotel management is not for the faint of heart. It’s a challenging career requiring commitment and a strong knowledge of finances, leadership, human resources, marketing, and customer service. It’s also not a typical 9 to 5 job with weekends off. At...
In revenue management, it’s not only about increasing hotel revenue through detailed historical data analysis, spotting trends, and forecasting. Different hotel departments come into play in raising property profits. Our awesome working tips will help you...
