Remove Article Remove Communication Remove Pricing Remove Revenue Projections
article thumbnail

Best Steps and Practices to Create a Robust Hotel Budget

Revenue Hub

NB: This is an article from Duve Subscribe to our weekly newsletter and stay up to date Understanding the Importance of a Hotel Budget Why is it Important? Competitor Analysis: By knowing what your competitors are doing, you can better set competitive prices, offer competitive services, and identify gaps in the market that you can introduce.

article thumbnail

Direct Pre-Authorizations Can Boost Hotel Revenue Starting Today

Revenue Hub

Credit card pre-authorizations are essential to a hotel’s revenue management strategy. NB: This is an article from Revenue Team by Franco Grasso , one of our Expert Partners. This is especially true in high season when you’re counting on maximizing your revenue. What amount should you pre-authorize? Booking.com.

Book 52
article thumbnail

How to Start a Hotel Business

Xotels Hotel Revenue Management

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. Communication, being able to communicate your goals and how the hotel is performing is crucial to the development of your business. How to attract guests?