Remove about
article thumbnail

Total Revenue Management: Why It Is Easier To Talk About Than Do

Revenue Hub

In today’s discussion we actually look at the reality of the challenge and why it’s easier to talk about it than to do it. If I start adding that additional element, it might not be your corporate account that has, let’s say, the highest average rate that brings you most profit or total revenue.

article thumbnail

What is RevPAM? Definition and Formula for Hotels

Revenue Hub

Subscribe to our weekly newsletter and stay up to date Other metrics that take into account revenue outside of room charges include RevPOM (revenue per occupied metre) and RevPEC (revenue per event customer). Definition and Formula for Hotels appeared first on Revenue Hub. Read the full article at SiteMinder The post What is RevPAM?

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Restaurant Accounting Software: Gain Insight Into Your Financial Operations

Synergy Suite

A powerful tool, restaurant accounting software can revolutionize the financial management of your food service establishment. What is Restaurant Accounting Software? Restaurant accounting software is a specialized software solution designed to manage financial and accounting tasks specific to the restaurant industry.

article thumbnail

Exploring personalized marketing: A definitive guide

Les Roches

It’s about delivering content that suits a person’s traits, preferences and actions. Respect means informing customers about data usage, enhancing understanding through pop-ups or terms agreements. To help you understand these better, let’s look at some of the most common queries about the topic.

article thumbnail

Definition of revenue growth strategies

Les Roches

Online course­s promote self-paced le­arning for sales represe­ntatives, enabling them to le­arn at their own convenience­, explore specific topics of inte­rest in greater de­pth and even learn more about things such as revenue management strategies. Take action to achieve your goals.

article thumbnail

Exploring the world of guest services: from definitions to job descriptions

Les Roches

Photo Credit Main Image: fizkes/iStock via Getty Images The post Exploring the world of guest services: from definitions to job descriptions appeared first on Les Roches. Guest services is the face of hospitality businesses and the first point of contact for guests. They may also help customers with membership sign-ups and renewals.

article thumbnail

Hotel Demand Based Pricing: Definition, Benefits and Practical Examples

Revenue Hub

It’s also about adapting your rates to market fluctuations so that you offer the right price, to the right guest, at the right time. Demand-based pricing is all about sourcing and analysing the right data so that you understand your target market and adapt your room prices accordingly. Or, ideally, a combination of all three factors.

Pricing 76