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Benefits of Yield Management in the Hotel Industry

Inn Quest

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. Furthermore, we will provide examples of successful yield management strategies and offer tips on how to implement them in your hotel.

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Yield management: how your hotel & spa data makes you money

Hospitality Net

For industries with fixed capacities, such as hotels, airlines, and spas, mastering the art of yield management can spell the difference between mediocre returns and roaring success. Book4Time has seen revenues by customers that use our yield functionality increase by more than 35% in the first six months of using the feature.

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Reevaluating the RevPASH Formula: Advancing Analytical Perspectives in Restaurant Revenue and Yield Management

Hospitality Net

Accurate measurement of performance indicators is essential for effective decision-making in restaurant operations, with revenue and yield management playing a crucial role. Kimes and Chase (1998), Kimes (1999) and Kimes et al.

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HotelRunner Introduces ‘Elite’: An Exclusive Path to Efficiency and Profitability

Hospitality Net

HotelRunner, the leading hospitality and travel technologies platform, has launched HotelRunner Elite, an exclusive service designed to add exponential value to independent and chain hotels, helping them overcome the challenges of strategic positioning and yield management.

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Forecast Accuracy: Why Mape?

Hospitality Net

Yield management allows hotels to manage the capacity of their rooms more profitably, and the accuracy of statistical forecasting determines how useful it will be. Even with great revenue management software, determining the accuracy can be tricky when dealing with more detailed forecasts.

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Revenue management in hostels | Guide and best practices

Mews

Hostel revenue management is all about selling as many rooms and spaces as possible at the highest possible price. To achieve this, the hostel must effectively manage room availability and sell for the best price through the appropriate channels.

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HotelRunner Introduces ‘Elite’: An Exclusive Path to Efficiency and Profitability

Hotel Speak

HotelRunner, the leading hospitality and travel technologies platform, has launched HotelRunner Elite, an exclusive service designed to add exponential value to independent and chain hotels, helping them overcome the challenges of strategic positioning and yield management.

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