Remove Ancillary Revenue Remove General Manager Remove Revenue Management
article thumbnail

Beyond Room Rates: The Data-Driven Guide to Maximizing Total Revenue

Demand Calendar

The data generated by modern hotel operations – from booking patterns and guest preferences to room occupancy rates and ancillary revenue streams – is often scattered across various siloed systems. The traditional approach to decision-making faces a new challenge.

Revenue 98
article thumbnail

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? Sounds good, right?

Revenue 85
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How to start a hotel business plan

SiteMinder

Pricing strategy: How you will set competitive room rates and consider implementing revenue management strategies to maximise occupancy and revenue. Organisation description This section provides details about your hotel’s ownership structure, management team, and any key personnel.

article thumbnail

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

Hotel Operations

But as revenue management technology and other pieces of a hotel’s commercial stack have become more effective, owners have increasingly turned to it for driving results. A unique business model Hospitality is a unique industry, says Martin Soler, a former hotel general manager, and now Partner at Soler & Associates.