Hospitality · yield management

Yield & Revenue Management

Restrictions on the tariff plan Restrictions can be used as a means of managing revenues and maximising profits. For example, by setting a minimum length of stay, a number of guests, limitations of data or minimum Bes Chik bare rooms. This may be a day, and to seasonal or rate is given, for almost every… Continue reading Yield & Revenue Management

Hospitality

5 Tips to Increase Revenue in a Down Market Without Dropping Rates

Don’t let a down market keep you from increasing revenue! We’re sharing tips for increasing revenue in a down market without dropping rates! Click here! Airbnb may be a great way for property owners to make some extra income, but we know it has many hotels and other hospitality specialists worried. Especially if you’re an… Continue reading 5 Tips to Increase Revenue in a Down Market Without Dropping Rates

Hospitality

How Hotel Rates Are Impacted by Hotel Guest Reviews

Hotel guest reviews both good and bad hold considerable power on hotel rates! Therefore it is important to use them! Click here to learn about the impact! Hotel guest reviews, good and bad, hold more power than ever before when it comes to booking rates. Need some help keeping up? Check out our guide to… Continue reading How Hotel Rates Are Impacted by Hotel Guest Reviews

revenue management

Independent hotels need a clear focus to compete with chains

Again and again, studies have highlighted how properly addressing sales and marketing, reputation, social engagement and a sound revenue strategy translates into sales, while ignoring them cuts into the bottom line. Why, then, does the average independent hotel struggle to dedicate enough time, manpower and budget to these tasks? In my past life, I wore… Continue reading Independent hotels need a clear focus to compete with chains