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Building customer relevance to grow market share

Boutique Hotel News

Together with the staffing crisis that the industry is grappling with, one theme has dominated discussions over the last few months – what are hotels doing to service the post-Covid traveller? Remaining relevant to guests is key, and those that don’t are at risk of losing market share. Who is your customer?

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Hotel Revenue Management Strategies

Xotels

We have written extensively about hotel revenue management strategies and tactics here throughout the years. As strategy is one of the most essential parts of revenue management, we have made a summary of all the top advice from our perspective as a hotel revenue management consulting company.

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International gains spark Wyndham’s Q3 RevPAR growth

Hotel Business

Wyndham Hotels & Resorts , for the three months ended Sept. which increased 10% YOY Development pipeline grew 1% sequentially and 5% YOY to a record 248,000 rooms Ancillary revenues increased 8% compared to third-quarter 2023. and 7% growth internationally. Key highlights include: 7% growth in the U.S. RevPAR In the U.S.,

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Strategies to Manage Hotel Revenue & Increase Profit

Hotelogix

Moving from merely managing hotel revenue to maximizing profit is a critical transformation that ensures your property's long-term success. This shift requires a comprehensive approach integrating cost control, strategic marketing, and top-notch guest services. Read Also: What is Dynamic Pricing in Hotels?

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JLL: Creativity to play key role in 2023 profitability

Hotel Business

The 2023 budget season is upon us, and hotel owners are continuing to search for ways to increase profitability while reducing operational risks. Hotel owners and operators can reduce some of the inflationary pressure by analyzing operational expenses and cost-saving measures. Guest expectations are at an all-time high.

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Top Revenue Management Strategies for Hotels

Xotels

We have written extensively about hotel revenue management strategies and tactics here throughout the years. As strategy is one of the most essential parts of revenue management, we have made a summary of all the top advice from our perspective as a hotel revenue management consulting company.

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What is Hotel Revenue Management?

Xotels

XOTELS – Revenue Management eBook In the first chapter of this eBook, we will go over the definition of what is revenue management in the hotel and hospitality industry. Everything will be explained from the fundamentals of revenue management to more advanced practices and strategies.