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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? Historical Data: By understanding past performance you can make more accurate future projections. Accurate revenue forecasting is the foundation of your budget.

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Identifying Ancillary Revenues and Driving Additional Revenues

Revenue Hub

When thinking of ways to increase revenues, most revenue managers focus on the room and look for ways to increase revenues by offering early check-in, late check-out, upgrades to suites and other room types, as well as generating no-show revenue. NB: This is an article from RealTime Reservation.

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6 Expert Tips To Create An Effective Cafe Business Plan For The UK

The Restaurant Times

With lockdown restrictions easing and restaurant business slowly picking up the pace in the UK market, it is an excellent time to revisit your restaurant’s business plans. This article discusses how you can write an impactful business plan for your cafe in the UK. . Promotion/marketing strategies . Business Overview.

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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. Pre-Authorization Is Key in Revenue Management.

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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. Hotel Market Size & Opportunities. Marketing Experience. We cover this further in our Hotel Trends article diving deeper into personalization in hospitality.