Revenue Hub

APRIL 11, 2023

The optimal distribution mix for a hotel depends on the hotel’s target market, location, size, and unique selling points. NB: This is an article from Demand Calendar However, no one-size-fits-all answer exists, as each hotel must consider its specific situation and goals. A majority of all room nights are booked digitally today.

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Revenue Hub

OCTOBER 17, 2023

NB: This is an article from eZee Absolute Curious about how you can tap into this for your hotel? Concierge Services: You can charge by offering premium concierge services, such as arranging restaurant reservations, event tickets, or private tours. Highlight any unique features or promotions to entice potential guests.

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Revenue Hub

OCTOBER 17, 2023

NB: This is an article from Robert O’Halloran , Professor Director, School of Hospitality Leadership at East Carolina University A new hotel to some is just another place some travelers cannot afford to stay. The goal of this exercise is to be a catalyst for discussion and analysis of your hotel and the market in which it competes.

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Revenue Hub

AUGUST 22, 2023

NB: This is an article from Agilysis While revenue per available room (RevPAR) has been the most common metric to hotels in the past, today they are finding revenue per available guest (RevPAG) to be even more important. billion in room revenue lost in 2020 and 2021.

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Revenue Hub

OCTOBER 28, 2022

NB: This is an article from RealTime Reservation. Develop innovative packages, such as girls day by the pool, special occasion, bachelor, or bachelorette packages. Most importantly, empower the guest to personalize and reserve in advance. Be sure to engage your marketing team. Stock suntan lotions and drinks.

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Revenue Hub

OCTOBER 23, 2023

Even when an individual university shifts an event date like a family weekend, it can cause a sudden surge in bookings on an off weekend. Understanding reservation data is imperative to make actionable pricing decisions.

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Les Roches

DECEMBER 30, 2023

In this article, we will delve­ into the key differe­nces betwee­n products and services in the hospitality industry. By the e­nd of this article, you will have a solid understanding of product/service differences and how these­ distinctions manifest themselve­s in various sectors, with a particular focus on the hospitality industry.

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Revenue Hub

OCTOBER 28, 2022

NB: This is an article from Agilysys. Instead of solely looking at the occupancy (OCC) and average daily rate (ADR) for one room, now properties are looking more closely at the guest (or guests) that reserve these rooms, what they are interested in, and how to capitalize on those interests and capture more of their spend.

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Synergy Suite

APRIL 11, 2023

So before deciding to forego building your restaurant website in order to save a little money, you may want to read through this article and consider what you might be missing. The increased visibility helps you tap into new markets and attract a diverse customer base. Everything leads back to your website and social media handles.

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Les Roches

DECEMBER 27, 2023

In this article, we delve into the world of guest services, exploring what they are, their significance and how they differ from customer service in the hospitality industry. Catering to the needs of guests and ensuring their satisfaction is a fundamental aspect of running a successful hospitality business and achieving customer excellence.

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SiteMinder

OCTOBER 15, 2023

Dynamic pricing is a pricing strategy for hotels that involves changing room rates daily, or even within the day based on real-time market conditions. This pricing option is well suited in today’s market and is one many hoteliers opt to use. Table of contents What is the difference between static and dynamic rates for hotels?

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Revenue Hub

JUNE 13, 2023

NB: This is an article from Revenue Team by Franco Grasso , one of our Expert Partners One component is “dynamic pricing.” We’ll define these terms in the rest of the article and offer examples for each. What about the pickup and average rate per room when comparing channels and markets?

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Modern Restaurant Management

JULY 6, 2023

marketers have witnessed business growth by using personalized messaging. Online Reservations and Ordering : Utilizing online reservation systems and digital ordering platforms allows restaurants to collect customer data during the booking or ordering process. Surprisingly, 88 percent of U.S.

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Synergy Suite

OCTOBER 5, 2023

In this article, we’ll explain the definitions of revenue and sales, how they’re different, and how to calculate each of them. Keeping a close eye on trends in your restaurant’s revenue can help you adapt to changing market conditions. It represents the total income generated from selling food, beverages, and other services.

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MBB Hospitality

MARCH 18, 2019

If you own a business, especially a restaurant in today’s competitive markets, then a good social media strategy is a must. Here’s your guide to social media marketing for restaurants. Yelp for customer reviews and OpenTable for reservations are also popular sites for restaurant owners. The ability to upload your menu.

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7 Shifts

SEPTEMBER 9, 2021

For many business owners, email marketing is the ideal solution to fostering relationships outside the restaurant. Most people would think that only big companies should use email marketing while the small ones should go for other restaurant marketing strategies. On the contrary, email marketing can boost any business.

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