Managing a profitable hotel requires a careful eye on your inventory. You don’t want to sell your rooms too early at reduced rates because such spillage can drain your revenue. However, spoilage, overbooking, and overselling can also wreck your profits.
Profitable approaches to early check-ins and late check outs
Hotels recognize revenue management drives profits, but only some hotels recognize revenue management is like a stream running through the hotel.
Revenue management can sell a 3-star hotel room for 1000 euros a night: here’s how
There’s no limit to the rack rate if the demand is there. Revenue managers use data to predict market rates, not feelings.