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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. Offer Packages and Deals: Bundle rooms with other services, like breakfast, spa treatments, or local activities.

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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. Offer Packages and Deals: Bundle rooms with other services, like breakfast, spa treatments, or local activities.

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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. Offer Packages and Deals: Bundle rooms with other services, like breakfast, spa treatments, or local activities.

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10 Smart Hotel Cost Control Ideas to Save Money

Hotel Speak

Implementing cost-saving measures: Based on the analysis, cost-saving measures are implemented in the areas where costs can be reduced without affecting the quality of service. With the right approach, hotels can get their fair share of direct revenue and own valuable guest data that provides insights to take their strategy to the next level.

Hotels 59
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Hotel Revenue Management Strategies

Xotels

Making sure you get your fair share of direct bookings allows you to compete with OTAs and avoiding to pay the hefty commissions on those bookings. Mix of business and leisure amenities and services (see how to target the bleisure market ). Have both on and- offline marketing/sales content available to entice group stays.

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KML Leadership Summit Tackles Industry Challenges

Hotelier Magazine

We have to be smart about how we steal more than our fair share of the talent that’s out there.” That’s helped us in a big way, and we’re always focusing on efficiency and speed of service.” “At the same time, we saw record low unemployment, which is tough combination. Venu expressed a similar sentiment.

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Top Revenue Management Strategies for Hotels

Xotels

Making sure you get your fair share of direct bookings allows you to compete with OTAs and avoiding to pay the hefty commissions on those bookings. Mix of business and leisure amenities and services (see how to target the bleisure market ). Have both on and- offline marketing/sales content available to entice group stays.