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It’s not just about rooms There are also ancillaryrevenue components for you to consider. A very large group may come with meeting space rental revenue, which is 100% pure profit. The group may require breakfast, lunch, and dinner, and maybe a gala dinner event to close. Then you have F&B.
The resort closed for refurbishment, as did the majority of hotels on the island. As we continue to grow, we have confidence in Amadeus, the leading name in travel technology, to provide us with ongoing support.” In 2017 , Hurricane Maria devastated Puerto Rico’s infrastructure.
Practical Tips for Yield Management Know Your Demand: Keep a close eye on your booking patterns. Higher Spending: Members tend to spend more during their stays, splurging on room upgrades, dining, and other services. You can apply the same principle to your hotel rooms. When are your peak seasons? What events drive demand in your area?
Hotel facilities and amenities: Detail your hotel’s facilities and amenities, including the number of rooms, room types, dining options, meeting rooms, and leisure activities. Revenue and pricing Now we’re onto the good bit!
Practical Tips for Yield Management Know Your Demand: Keep a close eye on your booking patterns. Higher Spending: Members tend to spend more during their stays, splurging on room upgrades, dining, and other services. You can apply the same principle to your hotel rooms. When are your peak seasons? What events drive demand in your area?
Practical Tips for Yield Management Know Your Demand: Keep a close eye on your booking patterns. Higher Spending: Members tend to spend more during their stays, splurging on room upgrades, dining, and other services. You can apply the same principle to your hotel rooms. When are your peak seasons? What events drive demand in your area?
They’ll be playing close attention to all parts of your hotel. If this is satisfying for the guest, they’ll be more likely to spend and you can earn ancillaryrevenue. Guests may share details and photos of their trip all the way through, but especially as it draws to a close and after they’ve left.
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