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...
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 of new opportunities to turn a profit at your business.The most...
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 heavily on pricing, demand, location, and seasonality. Hoteliers use...