Revenue Hub

NOVEMBER 8, 2023

NB: This is an article from HiJiffy , one of our Expert Partners You can spend a huge budget on marketing, but nothing beats feedback from a guest who has had an exceptional experience. That’s why your hotel’s reputation is crucial and why measuring and continuously improving guest satisfaction is necessary.

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Guest Satisfaction Article Budgeting Information 78

Revenue Hub

SEPTEMBER 27, 2023

NB: This is an article from Bookboost This means the focus is mainly on short-term relations with guests, and once the transaction is done (the booking is made), the relationship ends. For example, offering a limited-time promotion for a discounted room rate during the off-season to attract budget-conscious travellers.

Marketing 93

Marketing Guest Satisfaction Reservations Book 93

Revenue Hub

JULY 27, 2023

NB: This is an article from Demand Calendar One of the most pivotal decisions is setting the right price policy for hotel rooms. In hotel pricing, two primary strategies stand out: generic room pricing and guest-based room pricing. Generic room pricing can be applied to any hotel, from a generic budget hotel to a generic luxury hotel.

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Pricing Guest Satisfaction Article Blog 90

Revenue Hub

OCTOBER 26, 2023

The hospitality industry has consistently led the way in adapting to the ever-changing needs of travelers and guests. NB: This is an article from Cendyn , one of our Expert Partners One notable innovation that has recently gained substantial momentum is the “Buy Now, Pay Later” (BNPL) payment option.

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Book Reservations Budgeting Guest Satisfaction 92

Revenue Hub

NOVEMBER 9, 2023

NB: This is an article from Topline Revenue , one of our Expert Partners Yet, group bookings present a unique challenge. Each has its own demands, booking patterns, and budget constraints. Tip 1: Personalize the Experience Tailor the guest experience to the group’s needs. Happy booking!

Book 93

Book Pricing Guest Satisfaction Article 93

Revenue Hub

MAY 30, 2023

NB: This is an article from BEONx , one of our Expert Partners One effective tool for measuring and improving hotel performance is your quarterly business review (QBR). Read rest of the article at BEONx The post Key Components of a Successful Hotel Quarterly Business Review appeared first on Revenue Hub.

Guest Satisfaction 82

Guest Satisfaction Article Budgeting Marketing 82

Revenue Hub

APRIL 3, 2023

The best way to do this is to effectively manage your budget and follow a data-driven total revenue management strategy. NB: This is an article from BEONx , one of our Expert Partners In fact, most professionals in the hospitality industry now recognise that strategic revenue management is one of the key levers of business success.

Guest Satisfaction 73

Guest Satisfaction Book Reservations Article 73

Revenue Hub

JULY 24, 2023

NB: This is an article from iVvy In this day and age, data is one of the most powerful revenue-boosting tools at your disposal. The more you know when and how your venue spaces are being used, the more effectively you can budget, forecast, and market.

Pricing 89

Pricing Book Events Competitive Analysis 89

Revenue Hub

AUGUST 22, 2023

NB: This is an article from berner+becker , one of our Expert Partners But instead of violins and cellos, you’re working with bookings, rates, staff schedules, and guest satisfaction. It’s the rocket fuel for sharper forecasts and more reliable budgets. Running a hotel is like conducting an orchestra, isn’t it?

Travel and Tourism 82

Travel and Tourism Guest Satisfaction Book Article 82

Revenue Hub

APRIL 30, 2024

This article debunks these misconceptions, highlighting the complex nature of revenue management that goes beyond pricing to include market analysis and customer behavior. Join us as we uncover the truth about how revenue management can enhance profitability and guest satisfaction.

Pricing 81

Pricing Information Article Marketing 81

Revenue Hub

OCTOBER 25, 2023

NB: This is an article from RateGain In the realm of hotel distribution and connectivity, two essential tools are often in the spotlight: GDS vs Channel Manager. Cost-Effective Solution: Channel Managers are typically more cost-effective than GDS, making them an attractive choice for properties with budget constraints.

Book 98

Book Reservations Guest Satisfaction Pricing 98

Revenue Hub

MAY 16, 2023

NB: This is an article from Lybra , one of our Expert Partners Online travel agencies (OTAs) have gained popularity as a primary channel for booking hotel rooms, while direct bookings continue to be a preferred method for many travelers. Improved guest satisfaction often leads to increased guest loyalty and return visits.

Book 73

Book Pricing Guest Satisfaction Article 73

Revenue Hub

MARCH 7, 2024

Studies show that: Data-driven decisions can have a 25% increase in guest satisfaction scores and a 15% increase in RevPAR. Read more articles from Flyr Hospitality The post Unleash the Power of AI-First Business Intelligence and Analytics appeared first on Revenue Hub.

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Information Pricing Guest Satisfaction Article 86

Revenue Hub

DECEMBER 8, 2023

Moreover, these advancements will not only redefine the guest experience but also push the boundaries of what is possible in the sector. If your hotel is budgeting for technology, replacing a limited, overcomplicated, or legacy property management system is an excellent place to start.

Travel and Tourism 99

Travel and Tourism Procurement Maintenance Information 99

Xotels

APRIL 3, 2024

Article Summary: What is the Definition of Revenue Management? Revenue Strategies & Tactics Market Segmentation Hotel Pricing Strategies Forecasting & Budgeting Properly How to Distribute Effectively? Making sure that the services/products offered clearly add value to the overall guest journey is therefore crucial.

Pricing 52

Pricing Book Budgeting Marketing 52

The Restaurant Times

MARCH 14, 2022

Fortunately, this article will help you to some extent by discussing the key responsibilities that you should include in the job description of a restaurant manager so that you can find the right person for the role. A manager should listen to the guests and use their input to create a better customer experience. Handling Finances.

Training 52

Training Front of House Guest Satisfaction Back of House 52

eZee Absolute

JULY 31, 2022

In this article, I will discuss some sales and marketing strategies to increase revenue for small hotels and stay afloat. And being a small property it doesn’t have a significant budget for marketing. Like any other business, hotels need to generate revenue in order to survive. Wait, there’s also a bonus. Wondering how this works?

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Blog Pricing Book Property Management 52

Les Roches

AUGUST 10, 2023

These businesses have a reputation for offering exceptional service and the ultimate guest experience. Here are some examples of high-paying and notable career paths: Hotel manager: responsible for hotel operations, ensuring guest satisfaction, managing staff and optimizing revenue. Salary range: $93,000 to $138,000.

Travel and Tourism 52

Travel and Tourism Front of House Back of House Hospitality Management 52

Hotelogix

FEBRUARY 4, 2024

In this article, we'll take a closer look at the critical work areas and features of hotel management software you need to know about. Housekeeping A clean and well-maintained room is essential for guest satisfaction. It allows you to assess financial performance against budgets and prior year figures.

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Housekeeping Maintenance Reservations Accounting 147

Revenue Hub

APRIL 17, 2024

Rapidly advancing technology and ever evolving guest expectations have given rise to the opportunity for substantial transformation in roles traditionally siloed into the areas of marketing and revenue management. A holistic view of the guest enables the team to create custom pricing strategies as well as tailored services and experiences.

Marketing 90

Marketing Information Budgeting Reservations 90

Xotels

NOVEMBER 23, 2023

This is just one of the many important things discussed in this article. As a hotel management company , we hope this article will help you with the basic concept of hotel management to explore different hotel positions and everything in between. Article Summary What Is Hotel Management All About, And Why Is It Important?

Housekeeping 40

Housekeeping Maintenance Article Concierge 40

Xotels

NOVEMBER 23, 2023

This is just one of the many important things discussed in this article. As a hotel management company , we hope this article will help you with the basic concept of hotel management to explore different hotel positions and everything in between. Article Summary What Is Hotel Management All About, And Why Is It Important?

Housekeeping 40

Housekeeping Maintenance Article Concierge 40

Revenue Hub

MARCH 7, 2024

Guests in the pre-booking phase, either transient or group, have so many touchpoints throughout their journey, where do we, as marketers, start? Some hotels naturally excel in certain online ecosystems either due to location, guest satisfaction, or a great revenue management team. What niches can you excel in?

Marketing 103

Marketing Book Budgeting Guest Satisfaction 103

Revenue Hub

OCTOBER 6, 2023

NB: This is an article from Revinate Ever since the introduction of online travel agencies (OTAs) in the ‘90s, hoteliers have struggled to achieve the optimal distribution mix between OTAs and hotel direct bookings. At the same time, you have more control over your guest data, helping you boost loyalty and lifetime value.

Book 104

Book Communication Guest Satisfaction Article 104

Revenue Hub

MAY 18, 2023

Inflation, labour issues, and rising cost to meet the needs of an increasingly tech-savvy and sophisticated guest journey. Cost can always be reduced, but how does it impact your day-to-day operations, and how does this reflect on your guest experience? Keep reading our article on how to approach this multi-faceted issue.

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Front Desk Operations Cost Reduction Book Training 84

Xotels

SEPTEMBER 7, 2023

Running a successful hotel demands not only a passion for exceptional guest experiences but also a deep understanding of numerous intricacies to ensure revenue management, finance, marketing, and operations all keep running perfectly. Article Summary: What Do Hotel Management Companies Do to Help Hoteliers?

Communication 52

Communication Marketing Information Article 52

Xotels

SEPTEMBER 7, 2023

Running a successful hotel demands not only a passion for exceptional guest experiences but also a deep understanding of numerous intricacies to ensure revenue management, finance, marketing, and operations all keep running perfectly. Article Summary: What Do Hotel Management Companies Do to Help Hoteliers?

Communication 52

Communication Marketing Information Article 52

Les Roches

OCTOBER 23, 2023

In this article, we’ll look at what exactly is involved in becoming a sales and marketing director for a hospitality business and what your responsibilities might be. Graduates not only gain insights into guest satisfaction but also develop a strong foundation for curating marketing strategies that truly resonate.

Marketing 52

Marketing Strategic Planning Travel and Tourism Guest Satisfaction 52

Xotels Hotel Revenue Management

SEPTEMBER 1, 2020

How to attract guests? In this article we have put together a series of tips on how to start your own hotel business: First Things First – Key Considerations Before Starting a Hotel. We cover this further in our Hotel Trends article diving deeper into personalization in hospitality. Open minded to feedback. Royalty fees.

Definition 52

Definition Marketing Budgeting Article 52

Modern Restaurant Management

AUGUST 19, 2020

This means it is imperative from a financial perspective that bar and restaurant owners budget accordingly for these changes. Restaurants and bars will also need to shift budgets to support tableside credit card processing instead of relying on POS systems. ” Bo Peabody, Co-Founder and Executive of Seated.

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Budgeting Health & Safety Sanitation POS Systems 227