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Mastering The Art of Resort Revenue Management

Revenue Hub

NB: This is an article from Catala Consulting This approach is pivotal in optimizing financial performance and driving both revenue growth and guest satisfaction. Its core principle is the sale of the right product to the right customer, at the right time and for the right price. Why is Revenue Management Imperative for Resorts?

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Broadening Scope: Why Hotels Must Rethink Revenue Management

Revenue Hub

Much of their day-to-day activities involve meticulously monitoring and adjusting room rates to stay competitive and responsive to market dynamics. Strategic Oversight The operational intensity of managing room rates and occupancy also means that revenue managers have limited bandwidth to engage in strategic work.

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Why Should The Hotel General Manager Care About Forecasting?

Revenue Hub

Informed decision-making: Accurate forecasting provides insights into market trends, demand patterns, and financial performance, enabling you to make data-driven decisions about pricing, inventory management, and resource allocation that directly impact your ROI. What’s in it for the owner?

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How To Select The Right OTAs For Your Hotel - A Comprehensive Guide

Hotelogix

OTAs are now a great marketing resource for hotel owners, allowing them to reach a wider audience and optimize revenue. These platforms work like magic to spread the word about property, inventory, prices, offers, etc. Choosing the right OTAs to partner with requires research and strategic planning.

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10 Strategies to Skyrocket Profitability in City Hotels

Revenue Hub

NB: This is an article from Lybra , one of our Expert Partners In this article, we delve into ten comprehensive strategies that can help you drive revenue and enhance guest experiences. Not only does it provide potential guests with necessary information, but it also offers a platform to highlight unique selling points.

Pricing 89
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What is brand strategy in marketing?

Les Roches

This article looks into the intricacies of brand strategy in marketing, exploring its definition, key elements and development process. By understanding the fundamentals and the role of branding in driving business success, marketers can develop more impactful and cohesive strategies to elevate their brands in the eyes of consumers.

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Tourism trends: Domestic and international tourist market

SiteMinder

Keeping up with new trends in tourism is crucial for hotel owners to stay competitive and meet the evolving expectations of guests. Meanwhile, understanding demand trends allows for dynamic pricing strategies, maximising occupancy and revenue during peak periods and stimulating demand when needed.