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Revolutionize Hotel Event Revenue With Dynamic Pricing

Revenue Hub

NB: This is an article from IDeaS Many factors impacting guestroom dynamic pricing, like seasonality and occupancy, also play a role when optimizing event revenue. Using advanced revenue management technology, hotels can accurately adjust rates for events in real-time as group business fluctuates from month to month.

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Essential Hotel Sales Strategies

Revenue Hub

Email marketing is also effective for regularly sending offers, updates, and news to subscribed guests. Customer service and guest retention: Good customer service is crucial to satisfy guests and encourage them to book directly with the hotel again. Based on this information, adjustments and improvements can be made.

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Hotel Profit Leaks: Effectively Manage CAC and Employee Turnover

Revenue Hub

It also includes indirect costs like the salaries of the marketing and sales teams, the cost of promotions, the cost of running events or campaigns, and the commission paid to travel agents or online booking platforms. It’s also beneficial to focus on improving guest retention rates to lower the overall cost of customer acquisition.

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Hospitality training: Courses and programs for hotels

SiteMinder

Banquets and events Event planning and coordination : Covering the basics of event management, from planning to execution, ensuring every detail is considered. Customer service for events : Specialised training on handling event guests, from large groups to VIPs, ensuring seamless experiences.

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A Roadmap to Enhanced Hotel Operations: 10 Strategic Insights

eZee Absolute

Streamlined hotel operations can significantly impact a hotel’s bottom line by enhancing guest retention , attracting positive reviews, and optimizing resource utilization. These measures not only deter potential threats but also provide invaluable information in the event of an incident.

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10 Effective Cost-Saving Strategies for Hotels

Revenue Hub

Here are a few examples: Better loyalty programs: by tracking guest activity and preferences, hotels can offer personalised rewards such as discounts, free room upgrades, or access to exclusive events.

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Understand the Hotel Guest Journey to Enhance Experience

eZee Absolute

What Is Guest Journey? A guest journey can be defined as a collection of events that starts and goes beyond the physical walls of the hotel. Typically, these events are considered only when there’s an interaction between the guest and the hotel. Understanding the Different Stages of Hotel Guest Journey.