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 evolving and expanding, as new technologies and techniques are developed to...
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 right room rates By accurately forecasting demand, a hotel can set...
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 easier and more successful. Keep reading this article to discover...
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 returns?To that end, we have compiled a few tips to help you improve...
