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8 Essential Features To Consider When Choosing a Revenue Management Solution for Your Hotel

STAAH

This enables hoteliers to adjust room rates dynamically to maximize revenue based on current market conditions. An RMS that can sync seamlessly with various channels allows hoteliers to update room rates and availability across all platforms simultaneously, minimizing the risk of overbooking and ensuring maximum exposure to potential guests.

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2023 in Review: A Year of Improving the Travel Experience for Everyone, Everywhere

Amadeus Hospitality

Large-scale sporting events such as France’s Rugby World Cup substantially impacted hotel occupancies. 2023 has taken our world and our industry to places we’ve never been before. Taylor Swift demonstrated the impact that cultural experiences can have on driving air and hotel bookings as she smashed records in the music industry.

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Hotel industry statistics: Guide for hotels

SiteMinder

globally next year. Hotel average daily rate (ADR) is projected to grow by 4.9% RevPar is also expected to grow, reaching an average of $93. It’s released on a global scale and can be segmented by country to, to give hotels unique insights into their own market. Hotel occupancy will increase 2.5%

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Hotel Management: Meaning, Types, and Operations

SiteMinder

Placing yourself on a scale of personal growth is especially important for a hotel manager. You’ll need smart revenue management and pricing strategies if you want to optimise your Average Daily Rate (ADR). There are always new strategies, traveller preferences, or industry technologies emerging to keep track of.

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Hotel Management: Meaning, Types, and Operations

SiteMinder

Placing yourself on a scale of personal growth is especially important for a hotel manager. You’ll need smart revenue management and pricing strategies if you want to optimise your Average Daily Rate (ADR). There are always new strategies, traveller preferences, or industry technologies emerging to keep track of.