by Yelyzaveta Horbenko | Dec 28, 2018 | Revenue Management, Revenue strategy
In this festive season hoteliers have to start doing everything they can to fill up the rooms of their properties. This is the moment to close the year with green numbers. What can be done in order to achieve this goal? Here are some revenue management strategies that...
by Yelyzaveta Horbenko | Oct 17, 2018 | Revenue Management, Revenue strategy
Revenue management in the hospitality industry involves predicting customer demand with the aim of streamlining the sales process, allowing companies to sell at the correct price, to the correct customer, at the correct time. When conducted correctly, revenue...
by Yelyzaveta Horbenko | Oct 17, 2018 | OTAs, Revenue Management, Revenue strategy
Implementation of an omni-channel strategy by a hotel facility is still difficult although, undoubtedly, necessary. Accordingly, a professional Channel Manager system is a must as a tool supporting the daily work of a hotel manager. However, to effectively manage...
by Yelyzaveta Horbenko | Oct 17, 2018 | Revenue Management, Revenue strategy
Revenue management in the hotel industry is still relatively young and has grown exponentially in the last decade, particularly in the last few years. This article explores the changing role of revenue management in the hotel industry and the developments which we can...
by admin | Sep 24, 2018 | Revenue Management, Revenue strategy
The revenue management concept was devised thirty years ago and is effectively employed today by most hotels and airlines. However, even though hotel managers often talk about revenue management, the definition of the concept differs depending on the individual…...
by admin | Sep 24, 2018 | Revenue Management, Revenue strategy
Running a 21st century hotel requires processing a staggering amount of data, including rates, types of rooms, booking details and the competition’s activity on booking portals. The growing importance of the Internet forces hotel operators to search for tools...
