Remove Ancillary Revenue Remove Closing Remove General Manager
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Why group revenue is about risk management

Hotel Speak

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? What’s better?

Revenue 85
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How to start a hotel business plan

SiteMinder

Management team: Introduce the key members of your management team, outlining their experience, expertise, and roles within the hotel. Key personnel: List any other essential personnel, such as the general manager, head chef, head of housekeeping, and sales manager. Revenue and pricing Now we’re onto the good bit!

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2023 hotel and travel trends

Boutique Hotel News

A recent Knight Frank report supports this idea, revealing that ancillary revenues have increased in 2022 with the contribution to total revenue rising by 1.5 Armchair travel” – coined at a time when international borders closed during the pandemic – has amplified the role of video content. percentage points.

Travel 124
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AI for Hotels: A Guide to Artificial Intelligence for Hospitality Leaders

Hotel Operations

A unique business model Hospitality is a unique industry, says Martin Soler, a former hotel general manager, and now Partner at Soler & Associates. Theory is closely related to another core aspect of innovation that AI isn’t great at: insights. Could AI have a place in hotels and the way we provide hospitality?