Remove Events Remove Hotel Marketing Remove Yield Management
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How to Really Make Money with a Hotel: Maximizing Hotel Profit

Xotels

As someone who spent his fair share of time in the trenches of revenue management, I can tell you it isn’t just some fancy industry jargon; it’s a game-changer, a revenue booster, your ticket to serious profit. What is Yield Management, Really? That’s yield management in action.

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What is Hotel Revenue Management?

Xotels

Start increasing your revenue today by reading our all-in-one ultimate guide on what is revenue management from our expert perspective as a hotel revenue management consulting company. Article Summary: What is the Definition of Revenue Management? Why is Revenue Management Important to Hotels & Other Industries?

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Hotel Revenue Management Strategies

Xotels

Questioning when and where your demand will come, who will be booking at your property, which hotels will you have to compete, and identifying challenging periods or seasons are important to manage expectations. Mapping out these questions out in your strategy will help to set realistic goals.

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11 best hospitality podcasts: Recommendations for hotels

SiteMinder

With four productions to subscribe to, Skift has every angle covered when it comes to podcasts, with daily industry briefings, traveller deep-dives, airline news, and event manager tips. Suite Spot: A Hotel Marketing Podcast If you’re looking for specific tips and tricks for your business, this podcast is for you.

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The Impact of AI on the Hospitality Industry

Inn Quest

To learn about the benefits of yield management in the hotel industry, read this. By using AI in the hospitality industry, managers can leverage advanced statistical techniques and machine learning to analyze data, external factors (e.g., weather, events) and market trends to predict future booking demands.

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Top Revenue Management Strategies for Hotels

Xotels

Ultimately, prioritising achieving a fair share of direct sales empowers hotels to establish stronger control over guest data to increase profitability, and maintain autonomy over their brand image and customer experience. This is one of the first steps when creating a revenue management strategy, performing thorough market research.

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Hotel Management Technology: The Future of Hospitality

Hotelogix

Here’s the scoop: Dynamic pricing strategies : AI-powered systems adjust rates in real-time based on demand, events, and competitor pricing, maximizing revenue per available room (RevPAR). Making a fast track straight to your hotel! Yield management integration : Tweak rates based on current demand.