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Survey Results: Revenue Management Trends & Predictions for 2024

Hotel Speak

The annual Duetto Revenue Management Trends & Predictions Survey results are in! After weeks of polling hoteliers from around the world, we can now deep-dive into the results and see what trends and predictions hotel teams are looking at for 2024. are currently using a revenue management system (RMS), up from 82.3%

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Hotel Revenue Management Strategies

Xotels

We have written extensively about hotel revenue management strategies and tactics here throughout the years. As strategy is one of the most essential parts of revenue management, we have made a summary of all the top advice from our perspective as a hotel revenue management consulting company.

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What is Hotel Revenue Management?

Xotels

XOTELS – Revenue Management eBook In the first chapter of this eBook, we will go over the definition of what is revenue management in the hotel and hospitality industry. Everything will be explained from the fundamentals of revenue management to more advanced practices and strategies.

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How To Create the Perfect Hotel Marketing Budget

Travelboom Marketing

As we enter the fourth quarter of the year, hotel marketers should outline their goals for 2024. We’ve assembled a complete checklist of everything you need to create your 2024 hotel marketing budget. From marketing to operations to revenue management, your SWOT analysis should evaluate all aspects of your hotel.

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Hotel profit margin: Guide to hotel profitability

SiteMinder

Margins at hotels and other accommodation properties can be manipulated in a number of ways, from reducing expenses to increasing revenue in specific areas to contribute to better overall finances. Some hotels are certainly profitable while others don’t survive long term.

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Hospitality Horizons 2024: Navigating the Top Trends

eZee Absolute

Smart room controls, hotel PMS , and IoT integration empower guests to customise their environments, while mobile concierge apps offer personalised recommendations and seamless communication. Additionally, advanced revenue management systems enable dynamic pricing strategies, optimising revenue in real-time.

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10 Smart Hotel Cost Control Ideas to Save Money

Hotel Speak

This approach can lead to the creation of fresh revenue streams, heightened competitiveness, and a renewed brand appeal. The perfect opportunity to turn costly floor space into revenue-generating assets.

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