Remove Hospitality Net
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Rethinking Metasearch Budgets After Google Removes CPA Bidding

Revenue Hub

NB: This is an article from Triptease , one of our Expert Partners Subscribe to our weekly newsletter and stay up to date Let’s dive into what this means for your hotel’s budgeting strategies and how you can navigate these circumstances.

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Hotel budget: Steps in the budgeting process for hotels

Hospitality Net

A hotel budget is a financial plan that outlines the projected income and expenditures for a specific period, usually one fiscal year. It serves as a financial blueprint, detailing various revenue streams such as room bookings, food and beverage sales, and ancillary services.

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The Ultimate 2023 Budget Guide for Hospitality

Revenue Hub

This trend continued throughout the summer, laying excellent foundations for a strong Q4 where hotel reservations are already outpacing 2019 bookings, according to Amadeus business intelligence data. With such positive indicators heading into 2023, how are you preparing to allocate your technology budget to tackle your greatest needs?

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The Opportunity Cost of Metasearch

Revenue Hub

For too long, the hospitality industry has managed marketing with an emphasis on the expense side of the ledger. Marketing’s purpose is to capture business that drives new and incremental bookings. So much so that OTAs have devoted huge chunks of their budgets to these channels.

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10 Reflections on Budget Season: Lessons Learned

Hospitality Net

As another budget season in the books, it’s a good time to pause and reflect on the lessons learned from this critical period. I talked with the HSMAI Rising Revenue Optimization Leader Council about the challenges faced and strategies employed during this time.

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Today’s news in brief – 17/10/23

Hotel Owner

While occupancy levels still lag behind pre-pandemic levels, many consumers are opting for budget hotels, squeezing middle-market options. and budget hotels at £108.70. This gap has widened, with luxury hotel prices 268% higher than budget hotels in July 2023, compared to the pre-pandemic peak season at 244%.

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Unleashing the Power of AI for Smarter Hotel Marketing

Revenue Hub

In today’s competitive hospitality landscape, hoteliers are constantly seeking ways to stand out and attract guests. Traditionally, marketing relied on analyzing past booking data and sending them vouchers. Smarter Ad Spend: Marketing budgets are precious. Targeted Reach: Gone are the days of casting a wide marketing net.