Xotels

APRIL 3, 2024

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.

Revenue Management

Xotels

SEPTEMBER 13, 2024

As a leader in revenue management consulting , we’re always at the forefront of what is happening in the hotel industry ─ and keeping a close eye on how revenue management trends keep evolving. While questions like “What are the top trends in revenue management for 2024?”

Revenue Management

Xotels

SEPTEMBER 13, 2024

As a leader in revenue management consulting , we’re always at the forefront of what is happening in the hotel industry ─ and keeping a close eye on how revenue management trends keep evolving. While questions like “What are the top trends in revenue management for 2024?”

Revenue Management

Refine

SEPTEMBER 23, 2024

Data-driven decision-making is essential for the success of your business. In most organizations commercial analytics are the domain of sales, marketing and particularly revenue management. In today’s complex and competitive hospitality environment, complacency is not an option.

Revenue Management

Hotelogix

OCTOBER 17, 2024

By monitoring the right KPIs for hotel staff and operations, you can identify strengths, uncover areas for improvement, and ultimately boost your hotel's success. What is KPI in the hotel industry? Hotel Key Performance Indicators, serve as crucial benchmarks for evaluating how well your hotel is achieving its business goals.

Average Daily Rate

SiteMinder

OCTOBER 5, 2023

RevPAM is a key performance indicator hotels use within their revenue management. RevPAM means revenue per available metre. This means hoteliers can get even more granular with their revenue management strategies. The hotel industry never rests for long, particularly when it comes to revenue management.

Revenue Management

SiteMinder

JUNE 2, 2022

Key performance indicators (KPIs) permeate every successful hotel; it’s crucial that you know at all times how you’re tracking towards any key goals and objectives you have outlined for your business over a certain period of time. Your KPI would be how many room nights you have sold at any point during May. Hotel profit.

KPI

Hotel Business

JUNE 27, 2023

Rethinking parking as a key revenue stream Just like rooms, food and beverages, and event spaces, parking should be considered a key revenue-generating component within a hotel’s ecosystem. It starts by employing existing frameworks for maximizing room revenues and applying those same strategies to available parking spaces.

Revenue

Hotelogix

MAY 1, 2025

In the hotel business, tracking the right performance indicators is non-negotiable. Key metrics like RevPAR and ADR help hoteliers understand revenue flow, optimize pricing, and measure how well their property is performing. This KPI is essential for owners and investors tracking ROI.

Occupancy

SiteMinder

OCTOBER 9, 2023

RevPAM – Revenue per available metre is a metric that takes the entire space of the property into the equation; total revenue / divided by the total available square metre(s) of the space (m2). It lets you get ever more granular with how you drive revenue.

Average Daily Rate

SiteMinder

OCTOBER 10, 2022

Falling short of your competitors when it comes to guest experience, accommodation standards or your marketing and advertising strategy can quickly lead to lost revenue. Monitor the effectiveness of your business strategies over time. How do numbers of different business sources change on weekdays versus weekends?

Average Daily Rate

SiteMinder

DECEMBER 7, 2023

Hotel rate management strategy As we’ve seen so far, there are countless factors that will influence and help you determine your rates. Internal factors such as expenses like taxes, wages, supplies, cleaning, and refurbishment mean there’ll be a minimum rate you have to set to break even on your business each month, quarter, or year.

Management

Travel Media Group

MARCH 22, 2023

I never thought that you could have a career in the hotel business. And, you know, every morning the general manager would come down and he’d read the PNL cause I do the daily report overnight. He’d ask how business was, and we started talking about this as a business and I thought, wow, this is pretty cool.

Hospitality

Hotelogix

JANUARY 29, 2025

Revenue Management Systems (RMS) Dynamic pricing strategies Demand forecasting : Use data to predict busy periods. Business Intelligence and Analytics Platforms Data visualization to make informed decisions Customizable dashboards : Build role-specific KPI visuals. Make the group stay simple, not a math puzzle!

Management

Catala Consulting

MAY 1, 2025

Youve invested in a cutting-edge Revenue Management System. Its the team around it Heres what often goes unspoken: The General Manager is focused on operational flow and guest experience. The Director of Sales is protecting group business and corporate agreements at all costs, wary of pushing rates too high (too low?).

Revenue Management