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...
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, this means all Revenue Management Systems in the world, since 40 years,...