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SWOT Analysis of the Revenue Manager and RMS Technology

Revenue Hub

Today’s conversation is looking at the various strengths and weaknesses of a Revenue Manager and the strengths and weaknesses of a Revenue Management System (RMS) We often hear the discussion around technology replacing the human but, is there actually a choice to be made between having a revenue manager or revenue technology?

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Top Restaurant Hiring Tips

Modern Restaurant Management

Modern Restaurant Management (MRM) magazine asked hiring expert Sid Upadhyay, co-founder and CEO of Wizehire for his advice on best practices for hiring and retention. Hires are often not made by corporate staff but by front line managers at individual restaurants. What do you see as key challenges of restaurant hiring right now?

Training 208
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Avoiding Ethical Pitfalls from the Dark Side of Revenue Management

Revenue Hub

It’s the oldest trick in the revenue management book, you might even say that’s exactly what revenue management is. Rate parity agreements can sometimes feel like a straightjacket for revenue managers. The Human Element: Staff Incentives Let’s not forget the human element in revenue management.

Pricing 91
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2023 hotel and travel trends

Boutique Hotel News

Some day, users might be able to book a hotel stay directly through the platform as well as buy hotel related items advertised in video content. Marc Saunders, director of marketing at Splendid Hospitality, also believes there is opportunity to drive revenue by activating hotel spaces with retail partnerships. percentage points.

Concierge 312
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Unveiling the Future: Hotel and Travel Trends in 2024

Revenue Hub

Drawing insights from a global survey involving over 10,000 travellers across nine countries, video diaries featuring 60 U.S. Hotels will leverage technology to manage room types seamlessly and connect amenities to rooms, ensuring a seamless and personalised experience for guests.

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Yield Management: How Your Hotel & Spa Data Makes You Money

Revenue Hub

NB: This is an article from Book4Time For industries with fixed capacities, such as hotels, airlines, and spas, mastering the art of yield management can spell the difference between mediocre returns and roaring success. Yield is calculated by determining how much of your revenue potential you realized.

Pricing 106
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How to sell a hotel

Hotel Owner

Furthermore, you must compile detailed financial records, including revenue reports, profit and loss statements, tax returns, and asset valuations. Attend industry conferences, networking events, and trade shows to connect with key stakeholders, including hotel developers, investors, and management groups.