Remove Fair Share Remove Operations Remove Upsell
article thumbnail

How to Really Make Money with a Hotel: Maximizing Hotel Profit

Xotels

As someone who spent his fair share 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. Train them to identify upselling and cross-selling opportunities and present them in a natural, non-pushy way.

article thumbnail

How to Really Make Money with a Hotel: Maximizing Hotel Profit

Xotels

As someone who spent his fair share 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. Train them to identify upselling and cross-selling opportunities and present them in a natural, non-pushy way.

Insiders

Sign Up for our Newsletter

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

article thumbnail

10 Smart Hotel Cost Control Ideas to Save Money

Hotel Speak

Cost can always be reduced, but how does it impact your day-to-day operations, and how does this reflect on your guest experience? Sustainability: When mitigating waste and conserving resources, hotels can reduce their environmental impact and operate in a more sustainable manner. 10 Strategies with Examples to Control Cost: 1.

Hotels 59
article thumbnail

Hotel Revenue Management Strategies

Xotels

Making sure you get your fair share of direct bookings allows you to compete with OTAs and avoiding to pay the hefty commissions on those bookings. Operational, financial, and revenue management forecasting are distinct yet essential contributors to revenue optimisation.

article thumbnail

KML Leadership Summit Tackles Industry Challenges

Hotelier Magazine

Moderated by Bruce McAdams, associate professor at the University of Guelph, the panel included Sanjay Venu, regional director of Operations, Earls Kitchen + Bar; Rebecca Gordon, manager of Anita Stewart Food Lab; and Brian Cammack, regional VP of Human Resources, Marriott Hotels of Canada. Venu expressed a similar sentiment.