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Enhancing Marketing Success Through Collaboration With Other Departments

Social Hospitality

Your marketing team has a solid understanding of effective campaigns. However, they shouldn’t take a siloed approach to operations. For instance, research and development (R&D) professionals are likely to have access to intelligence on predicted product trends and emerging consumer needs.

Marketing 130
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Hotel feasibility study: Full guide with examples and costs

SiteMinder

This is a time consuming process and can often take weeks or months to complete. Here are some examples of known consultants that you can reach out to: HVS (Hospitality Valuation Services) : A well respected global firm that specialises in feasibility studies, valuations, and market research.

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Benefits of Yield Management in the Hotel Industry

Inn Quest

Yield management, also known as revenue management, is a strategy hotels use to optimize their revenue by adjusting prices and inventory according to consumer demand. This strategy ensures that hotels are continuously operating at an optimal occupancy rate, maximizing their revenue while meeting customers’ needs.

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Beach Street Eco Resort & Spa, Goa: A Showcase of Sustainable Tourism

eZee Absolute

Challenges Faced by the Property Operating in a traditional manner, Beach Street Eco Resort & Spa faced its fair share of obstacles that hindered growth as well as guest experience. This not only made day-to-day operations more complicated and time-consuming but also restricted the resort’s capacity to expand its business.

Resorts 52
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How Sidus Galaxy Resort & Spa Achieved Remarkable Growth with eZee’s Hotel Management Solutions

eZee Absolute

Challenges Operating in a traditional manner, Sidus Galaxy Resort & Spa confronted several hurdles that hindered its growth. This not only made day-to-day operations more complex and time-consuming but also limited the resort’s ability to scale its business effectively.

Resorts 52
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10 Solutions to Challenges the Hotel Industry faces in 2022

Xotels

Continuously Changing Consumer Demands and Markets. Missing the Marketing Boat. Marketing Funnel. Market Research. Rising operational costs. Continuously Changing Consumer Demands & Markets. Of course, it is more difficult to plan when your market is liable to change.

Hotels 52
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What is Yield Management: Guide for Hotels

SiteMinder

Instead, they’re exploring sophisticated indicators like GOPPAR to gain a holistic view of their operations. This involves tracking key performance indicators (KPIs) like Average Daily Rate (ADR), Revenue Per Available Room (RevPAR), and Gross Operating Profit Per Available Room (GOPPAR). But the evolution doesn’t stop there.