Revenue Hub

APRIL 23, 2024

NB: This is an article from Bookboost Subscribe to our weekly newsletter and stay up to date Finally, resource constraints like budget and skilled personnel limit data management capabilities, especially for smaller hotels. By segmenting guests accordingly, properties can increase revenue and enhance guest satisfaction.

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Guest Satisfaction Article Information Budgeting 86

Revenue Hub

NOVEMBER 15, 2022

Most people have probably heard the inspirational business mantra: NB: This is an article from Right Revenue , one of our Expert Partners. If your hotel is not currently considering including new technology in the 2023 budget, below are 5 things you may wish to consider – plus an added bonus: 1 reason NOT to adopt new technology.

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Budgeting Guest Satisfaction Article Document 52

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 77

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. In this approach, hotel rooms are viewed and sold as commodities, regardless of who the guest is.

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Pricing Guest Satisfaction Article Blog 89

Revenue Hub

MAY 30, 2023

As the hospitality industry becomes increasingly competitive, hotels must continuously evaluate their business performance and adapt to changing market conditions. 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).

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Guest Satisfaction Article Budgeting Marketing 81

Les Roches

OCTOBER 23, 2023

Sales and marketing are exciting and rewarding fields in travel, tourism and hospitality. There are many roles in hospitality management that allow you to work as part of the fast-paced world of sales operations and marketing campaigns, such as sales manager, event management or marketing manager.

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Marketing Strategic Planning Travel and Tourism Guest Satisfaction 52

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 91

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. Knowing when groups are more likely to book can help you allocate resources and plan marketing efforts effectively. Happy booking!

Book 92

Book Pricing Guest Satisfaction Article 92

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. This ensures that prices are optimized to capture maximum revenue potential.

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Pricing Book Events Competitive Analysis 88

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. Prior to the pandemic, OTAs held the majority of the market share for bookings. There’s a battle raging.

Book 103

Book Communication Guest Satisfaction Article 103

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. Keeping a pulse on these larger market trends can help you make informed revenue management decisions.

Travel and Tourism 81

Travel and Tourism Guest Satisfaction Book Article 81

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.

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Guest Satisfaction Book Reservations Article 72

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. However, this is far from the truth.

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Pricing Information Article Marketing 80

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. If your property aims to attract international travelers and you’re looking to tap into global markets, a GDS can significantly enhance your reach.

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Book Reservations Guest Satisfaction Pricing 97

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 72

Book Pricing Guest Satisfaction Article 72

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?

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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

It’s about making smart decisions that continuously fuel growth and adapting swiftly to an ever-changing market. Studies show that: Data-driven decisions can have a 25% increase in guest satisfaction scores and a 15% increase in RevPAR. With commercial intelligence, you’re not just surviving; you’re thriving.

Information 85

Information Pricing Guest Satisfaction Article 85

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? Prompt Reactions: Respond swiftly to market fluctuations, demand shifts, and competitor actions.

Pricing 52

Pricing Book Budgeting Marketing 52

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. In fact, the global hotel industry is expected to reach a market value of $870 billion by the end of 2023, with the luxury hotel market estimated at $115.8

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Travel and Tourism Procurement Maintenance Information 98

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 82

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

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. Destination marketing. Destination marketing. Destination marketing is most probably one of the fail-safe methods for small hotels to attract travelers and boost revenue. Table of Content.

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Blog Pricing Book Property Management 52

Les Roches

AUGUST 10, 2023

Some of the common back-of-house positions you may find include: Food and beverage manager Chef Sous chef Line cook Pastry chef Purchasing manager Housekeeping staff Facilities manager Maintenance technician Sales and marketing Finance and revenue management What skills are required for back-of-house roles? Salary range: $93,000 to $138,000.

Travel and Tourism 52

Travel and Tourism Front of House Back of House Hospitality Management 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. Hotel Market Size & Opportunities. Marketing Experience. How to control operational costs and run a profitable business?

Definition 52

Definition Marketing Budgeting Article 52

Modern Restaurant Management

AUGUST 19, 2020

Today’s artificial intelligence (AI) technology allows a proprietor to “learn” a customer’s shopping habits, menu preferences, and more, and market to them accordingly. Restaurants need to be able to quickly adapt to a market that is ordering delivery and staying home more often.

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Budgeting Health & Safety Sanitation POS Systems 227