Revenue Hub

OCTOBER 25, 2023

As a hotel owner or manager, you’re continually exploring ways to boost your property’s visibility, manage bookings efficiently, and maximize revenue. NB: This is an article from RateGain In the realm of hotel distribution and connectivity, two essential tools are often in the spotlight: GDS vs Channel Manager.

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SiteMinder

SEPTEMBER 6, 2023

The online hotel booking process is how guests book and pay for a stay at your hotel. This process is made possible by your hotel’s website, open 24/7 to greet potential guests and turn their interest into confirmed stays. Table of contents Why is an online booking process important for hotels?

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Revenue Hub

JUNE 1, 2023

In today’s digital age, effective hotel distribution and pricing strategies are crucial for maximizing revenue and staying competitive. This article highlights the non-negotiable elements that form the foundation of a profitable hotel distribution strategy.

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SiteMinder

OCTOBER 11, 2022

A hotel is very much like a swan swimming on a lake. So who are the people who make sure that a hotel building functions properly? Where are all the different hotel departments located and what exactly do they all do? Where are all the different hotel departments located and what exactly do they all do? Table of contents.

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STAAH

MAY 30, 2023

In today’s digital age, effective hotel distribution and pricing strategies are crucial for maximizing revenue and staying competitive. This article highlights the non-negotiable elements that form the foundation of a profitable hotel distribution strategy.

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SiteMinder

SEPTEMBER 10, 2023

What is a hotel budget? A hotel budget is a financial plan that outlines the projected income and expenditures for a specific period, usually one fiscal year. It’s a comprehensive document that aligns with the hotel’s strategic objectives, guiding managerial decisions and resource allocation.

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Revenue Hub

FEBRUARY 21, 2024

This begs the question: why is the hospitality sector, especially hotels, lagging in harnessing this potent tool for revenue generation? Bridging Technological Gaps in Hotel Infrastructure The crux of the matter lies in the technological infrastructure of hotels, from boutique establishments to sprawling chains.

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SiteMinder

SEPTEMBER 7, 2023

What are hotel fees? Hotel fees encompass a range of extra charges guests may pay for amenities and services. They can also be strategic revenue boosters that can significantly elevate your hotel’s profitability. However, they are more than just additional charges on a guest’s bill.

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Hotel Owner

JUNE 19, 2023

In the ever-evolving travel market, urban pop-up hotels in Purpose Built Student Accommodation (PBSA) buildings represent a thriving hospitality industry trend, as well as a valuable, potential growth opportunity for a student housing portfolio. Reception staff will be needed to offer the concierge services guests will expect from hotels.

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Hotel Business

SEPTEMBER 12, 2023

With the hotel industry set to surpass pre-pandemic levels of demand, but with 87% still grappling with severe staffing issues, Easyway’s platform eases the burden on a hotel’s workforce and supports business growth, the company reports.

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Serviced Apartments

OCTOBER 27, 2023

The operational model revolves around a staff-tree hotel space, except for room turnovers and maintenance. Guests will reserve their rooms through an online booking system such as Booking.com or a similar platform. The management of reservations and guest access will be efficiently handled by Mews.

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InnQuest

SEPTEMBER 28, 2022

Modern-day hotel tech is constantly being upgraded to cater to evolving guest preferences. However, the rising complexity of hotel management tech may reach a point where it restricts your hospitality staff from offering first-class guest service. In addition to that, it must be compatible with other hotel systems, (e.g.

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Revenue Hub

JULY 19, 2023

NB: This is an article from Altexsoft If you look at Amadeus’ in-depth Demand360® business intelligence data, you’ll see that the average global hotel occupancy rate was nearly 70 percent in the summer of 2022. Overall, average hotel occupancy rates range between 65 and 80 percent.

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Revenue Hub

DECEMBER 12, 2022

If you google “hotel horror stories,” three things will occur to you. Two, if the hotel is haunted, you should probably just abandon it before The Shining happens. While your hotel (hopefully) doesn’t have supernatural forces terrifying your staff and guests, there are still some basic things to watch out for.

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SiteMinder

MAY 16, 2023

Table of contents Introduction from SiteMinder: The bleisure market and hotel booking trends Following the pandemic, the bleisure market changed from a growing niche to a mainstream source of bookings for accommodation providers. You’ll find just as many in luxury hotels as you will in B&Bs or vacation rentals.

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Revenue Hub

JULY 26, 2023

The sale of an overnight hotel stay is a perishable product. The rates UK hotels were charging this March were similar to peak season July rates, according to the RSM Hotels Tracker. A consultant will prepare a detailed document looking at the business case for the new hotel that includes trading forecasts.

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SiteMinder

SEPTEMBER 13, 2022

This blog explores how to build and successfully incorporate SOPs in your hotel operations, including best practices. What is a hotel SOP? Ideally, the level of clarity provided strikes a delicate balance between detail and freedom, making it easy for hotel staff to excel in their roles. Table of contents. Start with a goal.

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Revenue Hub

OCTOBER 14, 2022

If you would like to hear more from leaders in the PMS space, register for the upcoming event – PMS: Does Your Hotel’s Heart Need a Bypass , an event conceived and presented by Revenue Hub and Jurrnee. This involves thinking beyond the scope of the guestroom, offering activities, dinner reservations, spa appointments and more.

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Xotels

APRIL 3, 2024

XOTELS – Revenue Management eBook In the first chapter of this eBook, we will go over the definition of what is revenue management in the hotel and hospitality industry. Why is Revenue Management Important to Hotels & Other Industries? What Makes Hotels Suitable to Apply Revenue Management?

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Hotel Business

FEBRUARY 15, 2023

The pandemic era’s shelter-in-place economy has not only left an indelible mark on consumers’ relationship with their personal devices and content services, but also on how they digitally interact within the spaces they occupy—from stores and workplaces to hotels and resorts. Richard Neville is chief technology officer at VITEC.

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SiteMinder

AUGUST 29, 2023

What are hotel costs? For hoteliers, hotel costs encompass everything from the cost of construction, to the cost of insurance, to the everyday operational costs of establishing, running and ultimately growing a hotel business. Hotel construction costs The foundation of any hotel begins with its construction.

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Revenue Hub

JUNE 15, 2023

For hotel management companies looking to secure new management contracts from hotel owners, the technology on offer can make or break a deal. NB: This is an article from Roomdex , one of our Expert Partners Investors own hotels explicitly to make the business value increase, often with a profitable sale as a targeted outcome.

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SiteMinder

JANUARY 8, 2024

What is hotel management? Hotel management is the practice of overseeing every operation of the business to ensure consistent growth and development. Even if you don’t have the luxury of hiring a full team of staff, it’s not impossible to run a successful small hotel business.

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Revenue Hub

DECEMBER 8, 2023

In fact, the global hotel industry is expected to reach a market value of $870 billion by the end of 2023, with the luxury hotel market estimated at $115.8 But it won’t be business as usual for hotels and hospitality groups that want to stand out as demand climbs.

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Hotel Business

MARCH 16, 2023

Where does your hotel fit in the 75/25 ratio? There are a considerable number of existing hotels across the U.S. that will be faced with the challenges of replacing a piece of critical infrastructure within the next two-five years—the aging hotel PBX. A broad estimate finds that 75% of hotels use analog and 25% use IP.

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SiteMinder

JANUARY 8, 2024

What is hotel management? Hotel management is the practice of overseeing every operation of the business to ensure consistent growth and development. Even if you don’t have the luxury of hiring a full team of staff, it’s not impossible to run a successful small hotel business.

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Hotel Business

AUGUST 11, 2023

Food and beverage—although lately it’s been more beverage and food—is becoming more and more important in the lineup of hotel amenities. My father was an accomplished architect who grew his business into hotel development. In fact, an engaging, exciting F&B outlet is less of a bonus right now, and more of a necessity.

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SiteMinder

OCTOBER 16, 2022

As a hotel operator, staying on top of your finances is essential to the long-term profitability of your business. With the right financial information at your fingertips, you can make sound decisions for your hotel, fine-tune your business strategies, deal with any red flags before they become bigger problems and drive sustainable growth.

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Hotelogix

FEBRUARY 4, 2024

As a small hotel owner, you likely have a lot on your plate already. One way to make your job easier is to Implement hotel management software. In this article, we'll take a closer look at the critical work areas and features of hotel management software you need to know about. To be very precise - a cloud-based one.

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Blue Magnet Interactive

DECEMBER 20, 2023

The Power of Strategic Marketing in the Hotel Industry In the fast-evolving landscape of the hospitality industry, hotels find themselves navigating through a digital realm where competition is fierce, and every click matters. Could all these digital marketing services for the 15 hotels be condensed into one role?

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SiteMinder

MAY 12, 2023

What is hotel accounting? Hotel accounting is the process of recording and maintaining the financial records and performance of your hotel business. Good accounting makes the finances of your hotel easy to understand for management and other stakeholders – so they can make informed decisions. room sales).

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Revenue Hub

NOVEMBER 21, 2022

In the aftermath of the COVID-19 pandemic, ALOS trended upwards for many vacation rentals and hotels in scenic locations as people embraced the idea of staycations and remote working arrangements. Add up the number of reservations for the same time. Divide the number of room nights by total reservations to get your ALOS.

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Les Roches

OCTOBER 30, 2023

The smart hotel is evolving as an integral part of technology-driven advances in the industry, so read on to find out more about the concept of a smart hotel and how it can change the world for the better when it’s done right. What is a smart hotel? Remote monitoring can also help address problems the moment they arise.

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SiteMinder

OCTOBER 9, 2022

Few roles in the hotel industry have evolved as quickly as the revenue manager.Powered by technological advances, the rapid sharing of knowledge and online training, the discipline is synonymous with smart pricing decisions and expectations are always high in the highly competitive accommodation market. Table of contents. Experience.

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SiteMinder

OCTOBER 11, 2022

Technology in the hotel industry continues to advance at a rapid pace and hotel property management software (PMS) remains essential for hoteliers looking to improve how they run their business. The key to reaping the benefits of an effective hotel management software system is to select the right one for your property.

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Les Roches

JANUARY 19, 2024

Are you interested in being part of the hospitality industry or even dreaming of operating your own hotel? This compre­hensive guide is de­signed to equip aspiring entre­preneurs with the necessary knowledge and tools to develop effective business plans for hotels. What is a hotel business plan?

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SiteMinder

OCTOBER 10, 2022

The best hotel interview questions will provide an opportunity for both parties to get what they need, but how do you as a recruiter know what to ask? Are there specific hotel manager interview questions and answers? Are hotel supervisor interview questions different to hotel front office manager interview questions?

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