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,...
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 segments. Revenue management assistants do an excellent job of monitoring...
