This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Deals that aren’t going to close, customers that aren’t a good fit, prospects that are difficult to work with should all be left at the alter. The unengaged prospect: The most important sign that you should walk away from the deal is when a prospect isn’t doing their fairshare of the sale.
Shaffer Financial Advisor of the Year award, which recognizes a dealmaker with exceptional skills in fostering and establishing relationships, with the objective of successfully closing transactions that result in mutual benefits for both parties.
Hotel Designs VIP arrivals: hottest hotel openings in December 2024 VIP arrivals: hottest hotel openings in December 2024 While the year might be drawing to a close, hotels around the world continue to open at a pace, and the December VIP arrivals list includes more than its fairshare of beautiful beaches along with some well-designed city breaks… (..)
Making sure you get your fairshare of direct bookings allows you to compete with OTAs and avoiding to pay the hefty commissions on those bookings. Encourage Direct Hotel Bookings Encouraging customers to book directly should be a main priority included in your revenue management strategy.
The OTA’s are winning, and frankly, it’s not a close fight. If properties can simply compete for the direct customer, they are going to win more than their fairshare. Battling OTA’s for direct business For over 20 years, hotels have been competing with OTA’s for direct bookings.
Challenges Faced by the Property Operating in a traditional manner, Beach Street Eco Resort & Spa faced its fairshare of obstacles that hindered growth as well as guest experience. Working closely with the team was not just like a software provider and a client but as a team.
While you may not be able to negotiate enough of a boost to close the gap everywhere, you might be able to meet in the middle with a little extra budget for the pieces you care about most. You’ll also be working with venue representatives and your fairshare of suppliers, but this is who you can consider your “internal” team.
Closely review all venue contracts before signing. Use picture clues to help the youngest seekers find their fairshare. Do you have to use the venue’s vendors, or can you book your own? Are outside food and drink allowed? What are the venue’s cleanup policies? Is a deposit required? If so, how much? You’re all done.
Making sure you get your fairshare of direct bookings allows you to compete with OTAs and avoiding to pay the hefty commissions on those bookings. For example, keeping a close eye on your top producing platforms, such as Google Hotel Ads , ensures performance is kept consistent on the platform that bring the most value to your hotel.
With the right approach, hotels can get their fairshare of direct revenue and own valuable guest data that provides insights to take their strategy to the next level. By gathering and analysing guest data from multiple sources hotels can gain insights into guest behaviour and preferences.
We’re sort of at this, this crossroads of, you know, the hustle and bustle of the shopping district of Waikiki, but nestled in this park that’s really close to the beach. We’re ready to market and advertise that next big project or announcement or milestone as 2024 comes to a close. We covered a lot.
As someone who spent his fairshare of time in the trenches of revenue management, I can tell you it isn’t just some fancy industry jargon; it’s a game-changer, a revenue booster, your ticket to serious profit. Practical Tips for Yield Management Know Your Demand: Keep a close eye on your booking patterns.
As someone who spent his fairshare of time in the trenches of revenue management, I can tell you it isn’t just some fancy industry jargon; it’s a game-changer, a revenue booster, your ticket to serious profit. Practical Tips for Yield Management Know Your Demand: Keep a close eye on your booking patterns.
As someone who spent his fairshare of time in the trenches of revenue management, I can tell you it isn’t just some fancy industry jargon; it’s a game-changer, a revenue booster, your ticket to serious profit. Practical Tips for Yield Management Know Your Demand: Keep a close eye on your booking patterns.
We organize all of the trending information in your field so you don't have to. Join 19,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content