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Best Steps and Practices to Create a Robust Hotel Budget

Revenue Hub

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. It helps prevent overspending and ensures that expenses are in line with revenue projections.

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Direct Pre-Authorizations Can Boost Hotel Revenue Starting Today

Revenue Hub

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. Last-minute cancellations and no-shows can leave you with a hole in your revenue projections if you don’t use them or if you leave them in the hands of the OTAs.

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Exploring different business models: A comprehensive guide

Les Roches

Robust models are instrume­ntal in identifying areas where­ innovation can thrive Business models are a key part of outlining operations, revenue and sustainability strategy. A strong model can guide decisions and growth, while effective business communication skills can help clarify intricacies and benefits.

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How to Start a Hotel Business

Xotels Hotel Revenue Management

Communication, being able to communicate your goals and how the hotel is performing is crucial to the development of your business. Involving your staff with the right communication puts everyone on the same page: the one for success. Covering this will be the revenue projections for the next five years.