There is an array of opinions, systems and solutions on offer in the revenue management marketplace, but these 7 steps demonstrate how an automated revenue system might be the answer
Jim Cavallo appointed Regional Operations Leader at Midas Hospitality in St. Louis
Jim Cavallo has beenÊappointed Regional Operations Leader at Midas Hospitality in St. Louis.
RG Hotels boosts revenue at Magnuson HotelsÕ Memphis property by 400 per cent in six months
Since mid-January 2017, RG Hotels has boosted revenue at the Magnuson Grand Memphis Airport Hotel, one of the 1000 Magnuson Hotels properties around the world, by 400 per cent.
Flow thru Ð Understanding how it works and how to include it in your financial statements
Flow thru, an abbreviation, is a catch all phrase that measures how much made it through your business comparing one period to another. What made it through, from revenues to profit. Another term to describe this measurement is retention. A good analogy to grasp the concept of flow thru is to compare it to your pay cheque. Imaging I give you a $1,000 a week raise. The question then is how much will end up on your pay versus how much got eaten up by higher taxes and other deductions.
AccorHotels profits up 8.1 per cent following Fairmont Raffles acquisition
Despite a challenging environment, French hospitality group AccorHotelsÕ revenue was up 0.9 per cent in 2016. Decreasing tourism traffic in Paris following terror attacks saw a reduction in revenue of 2.8 per cent in France.
Three myths of a ‘perfect sell’
A ‘perfect sell’ is more illusion than perfection with the challenges that it creates for your people and your property or portfolio.
Learn New Ways to Increase Hotel Profitability at Revenue Strategy Forum Hong Kong
The leading minds in hotel Revenue Strategy will convene 22 September for the annual Revenue Strategy Forum in Hong Kong to discuss ways hotels can optimize their pricing and distribution in all market environments.
Duetto delivers Revenue Strategy Solutions to Dream Hotels
Ten Luxury Hotels in Unique Destinations Benefit from Open Pricing to Drive Better Pricing Decisions
A four-pronged approach to property resuscitation
For underperforming properties, you may need to swoop in with the defibrillators to make swift changes to bring the hotel up to speed and then readjust according to the specific conditions of the locale.
Hospitality industry pricing: Where is it heading?
Online travel agents, data related issues and a skills shortage of revenue managers are all impacting pricing strategies in the hotel industry.
