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9 Common Myths About Hotel Revenue Management. Let’s Debunk Them.

eZee Absolute

This myth has gained momentum because RM services are being adopted majorly by high-end accommodation providers. Myth #7: Overbooking is a curse and should NEVER be used Overbooking can make or break a hotel; it is like a double edge sword. Do not shy away from revenue management. Again, this is not true. That’s not all.

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Ayodhya's hotel industry is booming: How technology will help

Hotelogix

With the construction of the Ram Mandir and the post-consecration ceremony on 22 January, Ayodhya is set to witness a transformation that will reshape the city's infrastructure, economy, and tourism industry. One of the sectors that will benefit the most from the construction of the temple is the hotel industry.

Tourism 59
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15 Essentials Digital Marketing Services for Hotels

MediaBoom

With over 80% of leisure travelers globally booking accommodations online in 2024, as per Statista, the shift towards online travel booking is unmistakable. Through a blend of online, offline, or combined efforts, the approach to promoting accommodations is continually adapting.

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Hotel costs: How to reduce expenses and boost revenue

SiteMinder

For hoteliers, hotel costs encompass everything from the cost of construction, to the cost of insurance, to the everyday operational costs of establishing, running and ultimately growing a hotel business. Hotel construction costs The foundation of any hotel begins with its construction. What are hotel costs?

Revenue 52
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Navigating hotel RFPs: How to win more group business in 2024

Cloudbeds

These professionals seek hotel accommodations and facilities for various circumstances, such as weddings, tournaments, hosting crews, business travel, or conferences. These RFPs contain detailed specifications of what the customer seeks in terms of hotel services and accommodations. PMS integration.