Revenue management as we know it is quite fractured, but this is about to change. Hotels are increasingly applying revenue management to all revenue streams, so that they can optimise every touch point they have with guests and drive profit. But where does this leave the revenue manager?
Build a revenue culture and align departmental goals to gain competitive advantage
Work flow, communication, staff happiness, and your bottom line results, will all be positively impacted by a well-aligned and understood revenue management culture.
What hoteliers can learn from the way airlines handle revenue management
Many hotels are still using outdated revenue management techniques and should get on board with the airlines’ yield management practices to get their occupancy and RevPAR rates to take off.
Julie Walsh named Area Director of Revenue Management at Benchmark
Walsh was most recently revenue manager for the Wyndham Hotel Group.
The sacred forecast – why a hotel should do it
A closer look at three main reasons why forecasting is crucial for the success of a hotel and why accuacy is as important as achievement.
A closer look at KPIs and defining your compset
Setting and measuring performance and growth targets is very important, but here’s why the 100 RGI market share target is often pointless.
New LodgIQ ONE platform utilises real-time market data for price optimization
LodgIQ ONE revolutionizes revenue optimization through its intuitive, self-onboarding platform that intelligently adapts to any operating environment or any hotel.
Registration now open for Europe’s Second Annual Revenue Strategy Forum – 7 November, Amba Charing Cross Hotel, London
Hosted by Duetto, hotel industry experts from across the Continent will gather to discuss revenue strategy, distribution, and preparing for a possible industry downturn.
Automated revenue management technology key to achieving growth in KPIs
Automated revenue management tools can help you gain critical visibility and insight into your hotel’s future occupancy and your competitors’ rate strategies.
7 revenue management tactics to increase overall ROI
Follow these simple rules and you too can transform your revenue results.
