Remove Ancillary Revenue Remove Forecasting 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 Simon Mahon, general manager at The Grand York, tells BHN : “I don’t think the full power and damage of Brexit has materialised. 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. Forecasting demand is an example. “We’re AI can forecast the percentage of your guests that night that will eat breakfast, and the hours they will be there.