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Best Steps and Practices to Create a Robust Hotel Budget

Revenue Hub

Planning a hotel budget is a critical task that ensures the smooth operation and financial health of your hotel. This guide will walk you through the essential steps, best practices, and expert advice to help you create a robust hotel budget. Without a budget, you risk financial instability and inefficiency.

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Top Hotel Marketing Myths Debunked

Revenue Hub

NB: This is an article from Travelboom Subscribe to our weekly newsletter and stay up to date 1. Peak performance is achieved through ongoing maintenance and care. You Need a Huge Budget If you’re thinking, you need to spend money to make money, you’re correct. These fabled misconceptions can sour any strategic marketing plan.

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Strategies for Reducing Hotel Variable Costs Per Occupied Room

Revenue Hub

NB: This is an article from Catala Consulting Variable costs are those expenses that change with the number of occupied rooms. In this article, we will discuss what variable costs are, how they are calculated, and how they can be managed to increase profitability. There are several ways to track variable costs in a hotel.

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How Legacy Systems Can Limit Hotel Revenue Potential

Revenue Hub

NB: This is an article from iVvy Subscribe to our weekly newsletter and stay up to date As a result, hotels often wait until an unexpected breakdown occurs, costing them significant losses, before seeking out the necessary upgrades. This high upkeep cost diverts funds that could be used for more revenue-generating activities.

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Prioritizing Restaurant Maintenance – The Recipe for Long-Term Success  

Modern Restaurant Management

There are many factors that drive the bottom line for restaurants and properly managing maintenance is chief among them. Maintenance impacts multiple critical aspects of restaurant management and operations. Restaurant maintenance ensures technical difficulties don’t compromise food production and quality.

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Profit Isn’t Just About Revenue Generation

Revenue Hub

NB: This is an article from HotStats It is indisputable that revenue generation is a necessary variable for the health of any business, but it is in no way sufficient. Every dollar of revenue comes at a cost: labor, utilities, supplies, commissions, fees, maintenance, among many others. is anything but trivial.

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GDS vs. Channel Manager: Which is Right for Your Hotel?

Revenue Hub

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.

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