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How to Make Hotel Budgeting as Smooth and Painless as Possible

Revenue Hub

For hotel owners and operators alike, the annual budget is often a gruelling and time-consuming process. NB: This is an article from HotStats This year, with persistent inflation, added pressures on cost control, and uncertainty about the economy, the process is as fraught as ever.

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Hotel Budgeting for Change (Part 1)

Revenue Hub

NB: This is an article from Global Asset Solutions This is no less true for budget season, although for many in the hotel sector, it can also come with a sense of foreboding. It will allow the Executive Team to build a budget with the ownership’s goal in mind. To have the budget approved by the ownership group straight away.

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Maximize Returns: Navigating Budgets and Costs in Hotel Paid Search

Revenue Hub

Hotel digital marketing is a highly competitive space. NB: This is an article from Triptease , one of our Expert Partners But getting it right requires hoteliers to budget and manage costs effectively. In this blog, we’ll explore essential steps to help hoteliers optimize costs and budgets in their advertising campaigns.

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11 Must Have Features Revenue Managers Need in a BI Tool

Revenue Hub

NB: This is an article from Lighthouse (formerly OTA Insight) Subscribe to our weekly newsletter and stay up to date Hotel BI refers to the process of collecting, tracking, analyzing, and understanding internal and external data to make informed revenue, sales, and distribution decisions. Well, that’s what BI does, and then some!

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How to excel as a sales and marketing director

Les Roches

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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How to Build a Hotel KPI Tree and Link it to Your Strategy

Revenue Hub

NB: This is an article from Demand Calendar These KPIs have been there forever and will not change any time soon. Define the strategy Establish the hotel’s mission, vision, and goals by conducting one or several strategic planning meetings with stakeholders before setting plans and budgets for the next year.

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Hotel Revenue Management Strategies

Xotels Hotel Revenue Management

Article Summary What is Revenue Management? In our article about What is Revenue Management and in our Free Revenue Management Book for Hotels we have explained everything in detail about what the concept of revenue management is all about. This is done by thoroughly understanding your property, its customers, and the market.

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