Here’s a lesson for every hotelier looking to grow nightly rates, no matter the star rating.
Spending more to become the most cost-efficient hotel operator
The savviest hotel operators know what combination of costs will deliver the greatest bang for the buck.
Fixed/variable costs and room revenue management
When you think about your selling policy as it relates to last-minute inventory, make sure you have a good handle on the real variable costs to sell those last-minute rooms and donÕt be confused by big fixed cost per room stickers.
Business four ways (rethinking how we approach a hotel’s finances)
A hotel is a complex piece of machinery, but, in an attempt to simplify analyses for funds allocation, here is a way of categorizing the challenges hotels present from a financial standpoint.
