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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?

Revenue 52
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What is a hotel chatbot? 9 benefits and key features to look for

Cloudbeds

This is how customers expect services today, including in the hotel industry. In a world that can not wait, hotel chatbots have become hoteliers’ best allies in providing excellent guest experiences while generating bookings and additional revenue. What is a hotel chatbot?

Upsell 98
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Best hotel CRM solutions to consider in 2024

Little Hotelier

What is a hotel CRM? A hotel CRM is a customer relationship management system, which helps hotels manage their relationships with guests. It can be used to track guest information, preferences, and interactions, as well as to automate marketing and sales communications. Learn more 2.

Upsell 59
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4 Simple Strategies to Boost Your Direct Bookings

STAAH

Here’s a breakdown of what constitutes a successful approach: 1) Audience Insights and Target Market Any successful business and marketing strategy begins with understanding your guests – who are you targeting? Excellent pictures and descriptions are critical to maintaining your brand on these channels.

OTA 89
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Hotel email marketing: Guide for small hotels

Little Hotelier

Hotel email marketing is an online marketing technique that helps hoteliers reach a broader audience via email. It usually involves automatically sending emails to promote their hotel, announce new discounts, request feedback from previous guests, and share news about their property.

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5 best revenue management consulting companies and services

Little Hotelier

In terms of hotel revenue management consulting, this guidance usually takes the form of more effective pricing – identifying and setting room rates that are alluring to your target market and result in more bookings, while maximising the amount you earn from each booking. Strategic alliances with airlines and press.

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Hotel VAT and sales tax rates: Updated guide for hotels

Little Hotelier

What is hotel VAT? Hotel VAT is a specific form of ‘value added tax’ that is levied on the price a guest pays for hotel stays and services. The rate and application of VAT on hotel rooms varies by country and even region. Do you pay VAT on hotel rooms as a hotel owner? Learn more Why do hotels use VAT?

Sales 52