Hospitality Net

APRIL 17, 2024

In 2023, occupied room nights, as well as total occupancy (83.5%), continued to lag 2019 performance; however, like gaming revenue, the market’s ADR ($191.29) and RevPAR ($159.73) for 2023 reached record levels for the second year in a row.

Casinos 241

Casinos Hotel Marketing Market Marketing 241

Hotel News Resource

APRIL 17, 2024

In 2023, occupied room nights, as well as total occupancy (83.5%), continued to lag 2019 performance; however, like gaming revenue, the marketÕs ADR ($191.29) and RevPAR ($159.73) for 2023 reached record levels for the second year in a row.

Casinos 45

Casinos Hotel Marketing Market Marketing 45

Inn Quest

APRIL 5, 2023

Anyone who has worked in the hospitality industry for a few years would enthusiastically attest to the importance of yield management in hotels, particularly in hotel revenue management. Yield management is a pricing strategy that predicts customer demand and adjusts prices to maximize revenue.

Yield Management 88

Yield Management Management Occupancy Revenue 88

Hospitality Taskforce

AUGUST 17, 2022

I think revenue-generating positions are one of them. It’s based on generating a certain volume of business (and revenue) every week, every month. If you don’t generate that revenue, that month is lost. You can’t run 110% occupancy in a future month to make up for two months of being 5% off! Think about your budget.

Hospitality 52

Hospitality Sales Revenue Operations 52

Catala Consulting

AUGUST 30, 2022

For example, there are luxury hotels, boutique hotels, all-inclusive hotels, casino properties, spas, and lifestyle resorts. You may want to consider the following factors: Revenue and Forecasting report Sales, revenue, and forecasting reports are essential in this industry.

Hotels 52

Hotels Average Daily Rate Revenue Business 52

eZee Absolute

AUGUST 31, 2022

So, here are a few tips on how can hotels attract guests during Diwali and boost revenue. Offering discounts and packages quickly draw travelers into your hotel, intrigues them to make a reservation, and help you boost occupancy. They not just boost your occupancy during the festival but also enable you to earn extra by upselling.

Hotels 52

Hotels Events Travel Market 52

Cloudbeds

APRIL 2, 2024

room types, maximum occupancy, stay restrictions, etc.), Using data from various systems, including your PMS, revenue management system (RMS) , and customer relationship management (CRM) system, hotels can strategically leverage data to implement dynamic pricing strategies and personalized, segmented, and tailored campaigns via their CRS.

Revenue Management 52

Revenue Management Occupancy Revenue Hotels 52