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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.

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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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JLL: Creativity to play key role in 2023 profitability

Hotel Business

Understand the evolving nature of lodging demand and intentionally drive ancillary revenue to optimize profit. Capital expenditures should aim to protect market share and enhance property value. Guest expectations are at an all-time high.

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Wyndham board rejects Choice’s exchange offer

Hotel Business

provider of hotel franchise services in the chainscales that serve middle-income guests—economy and midscale—with more than 55% market share in each, resulting in significant uncertainty as to whether the FTC or courts would ever clear the transaction. Choice’s offer would create the largest U.S.

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Building customer relevance to grow market share

Boutique Hotel News

Remaining relevant to guests is key, and those that don’t are at risk of losing market share. Day-use services and memberships provide additional ancillary revenue streams especially important given the decline in business travel.

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Hotel Marketing Plan & Strategies for 2022 & 2023

Xotels

With a market share of over 90% , Google is, by far, the search engine to observe. Some properties might want to increase their awareness by using OTA’s billboard effects, while others may want to focus on reducing cost-per-acquisition and increasing their direct revenue. Pick the right CMS for you. Bunk Hotel Amsterdam.