Remove Dining Remove Revenue Management Remove Target Marketing
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Starting a New Hotel: From Groundwork to Guestbook

Hotelogix

This practice simplifies revenue management, builds trust with booking partners, and avoids conflicts between platforms. Instead, start with 3–5 well-chosen OTAs that cater to your target market and region. Deciding whether to use a GDS depends on your target market and goals. Should You Sign Up?

OTA
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Market segmentation is a key piece of revenue management

Hotelier Magazine

This illumination is facilitated with hotel market segmentation, a key component of a viable hotel revenue-management strategy. IHG is a great practitioner of market segmentation, says Tarandeep Singh, regional VP of Commercial, Marketing & Revenue Management, Canada, IHG Hotels & Resorts.

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Must-Have Software for Hotels: Improve Operations & Guest Experience

STAAH

Example: STAAH Channel Manager STAAH’s channel manager synchronizes room availability and rates across OTAs like Booking.com , Agoda , and Expedia. Revenue Management Software (RMS) Revenue Management Software (RMS) optimizes room pricing by analyzing market trends, competitor pricing, and demand patterns.

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What is Yield Management: Guide for Hotels

SiteMinder

What is Yield Management? Yield management is a pricing and revenue management strategy that is used to maximise business performance. It involves adjusting prices based on predicted demand and other external factors to maximise revenue or yield. Revenue management is the focal point for hotels in today’s climate.

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Why group revenue is about risk management

Hotel Speak

Whether you accept transient or group business to your hotel is more than just a revenue management question. It’s also a risk management question. And what is the philosophy of the hotel, the ownership, the general manager, and other stakeholders? How much are you willing to risk? Sounds good, right?

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How to start a hotel business plan

SiteMinder

Here’s what to include in your executive summary: Hotel concept: Briefly describe your hotel’s unique features, target market, and overall vision. Key goals: State your main objectives, such as increasing occupancy rates, boosting revenue, or expanding your hotel chain.

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Strategies to Manage Hotel Revenue & Increase Profit

Hotelogix

This shift requires a comprehensive approach integrating cost control, strategic marketing, and top-notch guest services. Here's a detailed guide on transforming your hotel's revenue management to focus on profit maximization. Run targeted marketing campaigns to attract high-value guests.