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Q&A with Amanda Williams, Solonis

Hotel Business

To get the complete scope of your property’s revenue, you need visibility into all debit and credit transactions, billing and invoicing, and end-of-day/monthly accounts. These prices and restrictions in your rates can then be pushed to all booking avenues/OTAs.

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Hotel budget: Steps in the budgeting process for hotels

SiteMinder

The budget also accounts for all types of expenses, including operational costs, capital expenditures, and marketing budgets. Operational expenses: Break down operational costs into granular categories like utilities, maintenance, housekeeping, front desk operations, and security.

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What Are the 5 Front Desk Software Modules Used in Hotels

Hotelogix

Front Desk Operations The actual front desk operations module is the core of most systems, and it should offer a robust number of features, including those noted below. Housekeeping Module Housekeeping is one of the most important elements of hotel management, and you can’t afford to get it wrong.

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Hotel Business: A comprehensive guide

SiteMinder

To ensure you’re operating at a profit, you’ll need to understand pricing at your hotel and optimise your pricing strategy so that you maximise the revenue that you generate per room and per guest. For example if your hotel is expected to be occupied at 80% with an ADR of $200, your RevPAR will be $160.

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“All in One” Property Management Systems Vs “Best of Breed” Solutions

STAAH

It typically includes modules for managing reservations, front desk operations, housekeeping, guest communication, accounting, reporting, and more. Cost and Pricing : All-in-One PMS typically involves a single subscription or licensing fee, simplifying the pricing structure.

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10 Effective Cost-Saving Strategies for Hotels

Revenue Hub

By automating tasks such as check-in, check-out, room assignments, and payment processing, hotels can streamline their front desk operations, reduce wait times, and improve the overall guest experience. Aspects such as taking seasonality into account can help project possibilities to avoid excessive food waste or energy use.