Remove Ancillary Revenue Remove KPI Remove Sales
article thumbnail

8 Revenue Management Trends that Define 2024 & Beyond

Xotels

Let´s explore the following topics & trends that are shaping the (current) hotel industry landscape: Can’t Forget the Basics What are the trends in revenue management in 2024 Distribution: Fishing Where the Fish Are Outsourcing To AI or Not to AI? This important metric considers all revenue streams, not just room rates.

article thumbnail

8 Revenue Management Trends that Define 2024 & Beyond

Xotels

Let´s explore the following topics & trends that are shaping the (current) hotel industry landscape: Can’t Forget the Basics What are the trends in revenue management in 2024 Distribution: Fishing Where the Fish Are Outsourcing To AI or Not to AI? This important metric considers all revenue streams, not just room rates.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

What is Hotel Revenue Management?

Xotels

Revenue Strategies & Tactics Market Segmentation Hotel Pricing Strategies Forecasting & Budgeting Properly How to Distribute Effectively? Perishable Product: In the hotel industry, each room is a perishable product, available for sale on a given day. This dynamic demand necessitates adaptive revenue management practices.

article thumbnail

Hotel Management Technology: The Future of Hospitality

Hotelogix

Point-of-sale (POS) integration : Handle all guest charges without a hitch. It acts as your always-on never-sleeping sales team! Business Intelligence and Analytics Platforms Data visualization to make informed decisions Customizable dashboards : Build role-specific KPI visuals. Every cent counted, every service charged!