revenue challenges in hospitality industry

When it comes to hotel revenue management, a lot of focus rightly goes to room sales. Again, that’s understandable. As a hotel, the property’s primary means of generating…

You’ve probably heard the term “revenue management strategies” if you’re at the corporate or management level in the hospitality industry. Hotel revenue management is a term that describes…

Once upon a time, it was a simple thing to set hotel room rates. You had one rate for weekdays and another for the weekend. You also had seasonal pricing.…

COVID-19 ushered in a world of change for everyone, not least of all the travel and hospitality industry. From local travel restrictions to international bans, unpredictability has become the norm.…

Call it revenue management or yield management, no hotel business can succeed without this highly critical operational strategy. And when you are responsible for driving the profitability of your hotel…