Little Hotelier

MARCH 25, 2024

What is hotel forecasting? Hotel forecasting, also known as hotel demand forecasting, is a strategy that sees a hotel analyse historical data and trends to make predictions about future demand. Once your hotel has an idea of demand, you can make tweaks to your room and service prices that help maximise revenue and occupancy.

Forecasting 52

Forecasting Cancellation Average Length of Stay Revenue 52

Demand Calendar

JUNE 28, 2023

Hotel revenue managers talk about "need periods, " meaning the hotel needs to fill the hotel with more guests. The worst part is if hotels at the destination start a price war to attract more guests, the results will be lower revenue for all, and no additional guests will travel to the destination because the hotel rooms are cheap.

KPI 98

KPI Forecasting Revenue Revenue Management 98

Hotel Business

MAY 13, 2025

This integration aligns event sales, revenue and general management teams, enabling them to focus on strategic growth rather than manual processes or troubleshooting discrepancies. Bob Graham, CEO, Event Temple, said, We understand that hoteliers and hospitality professionals have to juggle many priorities.

Events 59

Events Revenue Management General Manager Revenue 59

SiteMinder

JUNE 12, 2024

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.

Yield Management 98

Yield Management Management Revenue Management Revenue 98

SiteMinder

MARCH 17, 2025

In most cases, the general manager or hotel director holds the top operational role, overseeing all departments and ensuring the hotel meets its financial and service goals. However, in medium to large hotelsor those part of a chainthe owner often delegates operational control to a hotel director or general manager.

Hotels 52

Hotels Revenue Management Revenue Operations 52

Hotel Speak

JULY 19, 2024

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?

Revenue 84

Revenue Management Revenue Management Average Daily Rate 84

Hotel Operations

SEPTEMBER 30, 2024

Creating a budget involves having each department leader work out their resources, payroll, expenses, and revenues. The budgeting process typically starts by asking the revenue manager what they think room revenue will be in the coming year,” Lund said. Hotel budgets are used throughout the year with a rolling forecast.

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Forecasting Revenue Hotels Operations 98

Hotel Business

JUNE 8, 2023

In prior leadership roles, Gatzemeyer developed comprehensive analytics platforms by utilizing forecasting, machine learning and data mining techniques to enhance owner profitability. HVMG’s business intelligence strategic initiative and the culture of excellence they’ve fostered, are a perfect fit for me,” Gatzemeyer said.

Business 52

Business General Manager Forecasting Revenue Management 52

SiteMinder

MARCH 25, 2025

With the support of tools like SiteMinder, reservations managers can manage high volumes of inquiries efficiently, allowing your hotel to capture more revenue while delivering a seamless booking experience. What does a hotel reservations manager do? Managing reservations doesnt have to be complicated.

Management 52

Management Overbooking Occupancy Revenue 52

Hotelogix

SEPTEMBER 12, 2024

General Management: General Managers take care of the overall administration of a hotel. A Hotel PMS provides several operational reports, including a history and forecast report, revenue report, reservation report, housekeeping report, night audit report, financial report, guest history report, occupancy reports, etc.,

Management 52

Management Revenue Management Hotels Operations 52

SiteMinder

AUGUST 1, 2024

Pricing strategy: How you will set competitive room rates and consider implementing revenue management strategies to maximise occupancy and revenue. Organisation description This section provides details about your hotel’s ownership structure, management team, and any key personnel.

Business 95

Business Revenue Hotels Occupancy 95

Hotelogix

FEBRUARY 28, 2025

From decision-makers of hotels, to general managers and front office teams, they can use ChatGPT effectively if they know how to ask the right questions. ” For Revenue Managers: Maximizing Profitability and Forecasting Demand Revenue managers play a critical role in pricing, occupancy, and financial forecasting.

General Manager 52

General Manager Hotels Forecasting Upsell 52

Cloudbeds

NOVEMBER 13, 2024

From conversations with general managers to PR professionals and restauranteurs – we’ve compiled a list of the top hospitality podcasts today to help hoteliers boost their industry knowledge and take away practical tips for success. No matter what role or interest you have in hospitality, there’s a podcast for you. Who’s it for?

Hospitality 52

Hospitality Events Hotel Marketing Market 52

SiteMinder

OCTOBER 11, 2022

From hiring all staff to scheduling maintenance to creating new revenue management strategies , the hotel management team is extremely busy. Again, the specific job titles and the amount of personnel within the management team will vary from hotel to hotel. Operations manager. Night duty manager. IT manager.

Operations 59

Operations Management Hotels Revenue Management 59

Xotels

NOVEMBER 23, 2023

Hotel Management Strategies If you want to read more about management strategies on everything hotel management? Read the articles below: Top 5 Essential Hotel Management Tips for The Perfect Guest Experience How to Make Your Hotel Stand Out? Utilise sales techniques to present options and alternatives to guests.

Management 40

Management Revenue Management Hotels Operations 40

Xotels

NOVEMBER 23, 2023

Hotel Management Strategies If you want to read more about management strategies on everything hotel management? Read the articles below: Top 5 Essential Hotel Management Tips for The Perfect Guest Experience How to Make Your Hotel Stand Out? Utilise sales techniques to present options and alternatives to guests.

Management 40

Management Revenue Management Hotels Operations 40

Cloudbeds

JUNE 5, 2024

There used to be a time when hotel revenue managers simply had to look at predicted demand and keep an eye on competitors’ rates to optimize pricing. For revenue managers, that meant adding a new strategy (and a new skill) to their decision-making: reputation pricing. For them, the primary quality indicator was price.

Revenue Management 52

Revenue Management Revenue Occupancy Average Daily Rate 52

Hotelogix

MAY 1, 2025

A PMS with a mobile interface allows your team to manage tasks from smartphones or tablets—be it check-ins, housekeeping updates, or real-time reporting. It's especially useful for general managers and cluster heads who need visibility on property-level performance while on the move.

Hospitality 52

Hospitality Hotels Operations Services 52

Hotel Operations

MARCH 15, 2023

But as revenue management technology and other pieces of a hotel’s commercial stack have become more effective, owners have increasingly turned to it for driving results. A unique business model Hospitality is a unique industry, says Martin Soler, a former hotel general manager, and now Partner at Soler & Associates.

Hospitality 59

Hospitality Hotels Operations Revenue 59

Travel Media Group

MARCH 22, 2023

And, you know, every morning the general manager would come down and he’d read the PNL cause I do the daily report overnight. And I thought, how cool I’ll do this. He’d ask how business was, and we started talking about this as a business and I thought, wow, this is pretty cool. We’re a very group heavy company.

Hospitality 98

Hospitality Services Business Digital Marketing 98

Catala Consulting

MAY 1, 2025

Youve invested in a cutting-edge Revenue Management System. Your team attends vendor trainings, updates the forecast, and keeps the strategy optimised. Its the team around it Heres what often goes unspoken: The General Manager is focused on operational flow and guest experience. Youve checked every box.

Revenue Management 52

Revenue Management Revenue Management KPI 52

Hotel Speak

MAY 21, 2025

From financial forecasting and data analytics to marketing strategy and supply chain management, modern hotel managers must master a wide range of business disciplines to deliver both great guest experiences and solid commercial results. The challenge for hotel managers is turning that data into action.

Services 77

Services Business Forecasting Hotels 77