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Indispensable Digital Tools That Are Necessary to Manage a Hotel Today
You run your hotel beautifully, crafting wonderful experiences for guests – whether they are joining you for business or pleasure. But in today's digital age, industries of all kinds are looking to...
Demand Forecasting in Hotel Revenue Management: Key Success Factors You Need to Consider
Understanding hotel demand is a complex science, and it is based on the interplay of a range of different data sources. While this kind of forecasting can never be 100% certain, you can get a good...
The Glossary of Hotel Revenue Management
What is revenue management Revenue management is the process of analyzing and influencing revenue generated by a business or organization. The field of revenue management is constantly...
How can future demand data help hotels increase revenue and plan a right marketing strategy?
Benefits of demand forecasting for hotel revenue Accurately forecasting future demand for hotel rooms can help hotels increase revenue in several ways. Here are the most important ones: Setting the...
Hotel Revenue Management: Tips to Maximize Profit
As a hotel revenue manager, you have the important job of managing your hotel’s finances in order to maximize profits. It’s a challenging job, but there are several tips you can use to make your job...
How to Increase the Average Daily Rate and Occupancy Rates of Your Hotel
A good Average Daily Rate (ADR) is every hotel owner’s dream. It shows your hotel is doing well and helps keep your business on track.So, how exactly can you increase your ADR to realise remarkable...
What is hotel revenue management? A guide for beginners
Today, more than ever, revenue management is the key to running a profitable and successful hotel. The data that is now readily available, as well as ways to analyse and track it, gives you a host...
Top Hotel Revenue Management KPIS you must focus on to increase profitability of your hotel
Having a plan in place for effective hotel revenue management can help you secure profits. In the hotel industry, things can change very rapidly, and how much money you make at your property depends...
The situation of revenue management in the hotel industry
According to the Revenue Management Report generated by Skift in 2019, only about 30% of all hotels use some sophisticated solution for Revenue Management. Assuming the market of 187K properties,...
Top Hotel Revenue Management Strategies to Boost Revenue
Successful hotel managers are constantly looking for ways to increase their revenue-generating potential. Data is now readily available to track and analyse market demand and identify market...
