Little Hotelier

MARCH 25, 2024

What is hotel forecasting? Hotel forecasting, also known as hotel demand forecasting, is a strategy that sees a hotel analyse historical data and trends to make predictions about future demand. Once your hotel has an idea of demand, you can make tweaks to your room and service prices that help maximise revenue and occupancy.

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SiteMinder

JUNE 12, 2024

What is Yield Management? Yield management is a pricing and revenue management strategy that is used to maximise business performance. It involves adjusting prices based on predicted demand and other external factors to maximise revenue or yield. Revenue management is the focal point for hotels in today’s climate.

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SiteMinder

MARCH 17, 2025

In most cases, the general manager or hotel director holds the top operational role, overseeing all departments and ensuring the hotel meets its financial and service goals. However, in medium to large hotelsor those part of a chainthe owner often delegates operational control to a hotel director or general manager.

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Demand Calendar

JUNE 28, 2023

Hotel revenue managers talk about "need periods, " meaning the hotel needs to fill the hotel with more guests. The worst part is if hotels at the destination start a price war to attract more guests, the results will be lower revenue for all, and no additional guests will travel to the destination because the hotel rooms are cheap.

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Hotel Speak

JULY 19, 2024

Whether you accept transient or group business to your hotel is more than just a revenue management question. It’s also a risk management question. And what is the philosophy of the hotel, the ownership, the general manager, and other stakeholders? How much are you willing to risk? Sounds good, right?

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SiteMinder

MARCH 25, 2025

With the support of tools like SiteMinder, reservations managers can manage high volumes of inquiries efficiently, allowing your hotel to capture more revenue while delivering a seamless booking experience. What does a hotel reservations manager do? Managing reservations doesnt have to be complicated.

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Hotel Operations

SEPTEMBER 30, 2024

Creating a budget involves having each department leader work out their resources, payroll, expenses, and revenues. The budgeting process typically starts by asking the revenue manager what they think room revenue will be in the coming year,” Lund said. Hotel budgets are used throughout the year with a rolling forecast.

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Hotel Business

JUNE 8, 2023

In prior leadership roles, Gatzemeyer developed comprehensive analytics platforms by utilizing forecasting, machine learning and data mining techniques to enhance owner profitability. HVMG’s business intelligence strategic initiative and the culture of excellence they’ve fostered, are a perfect fit for me,” Gatzemeyer said.

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Hotelogix

SEPTEMBER 12, 2024

General Management: General Managers take care of the overall administration of a hotel. A Hotel PMS provides several operational reports, including a history and forecast report, revenue report, reservation report, housekeeping report, night audit report, financial report, guest history report, occupancy reports, etc.,

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SiteMinder

AUGUST 1, 2024

Pricing strategy: How you will set competitive room rates and consider implementing revenue management strategies to maximise occupancy and revenue. Organisation description This section provides details about your hotel’s ownership structure, management team, and any key personnel.

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Hotelogix

FEBRUARY 28, 2025

From decision-makers of hotels, to general managers and front office teams, they can use ChatGPT effectively if they know how to ask the right questions. ” For Revenue Managers: Maximizing Profitability and Forecasting Demand Revenue managers play a critical role in pricing, occupancy, and financial forecasting.

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Cloudbeds

NOVEMBER 13, 2024

From conversations with general managers to PR professionals and restauranteurs – we’ve compiled a list of the top hospitality podcasts today to help hoteliers boost their industry knowledge and take away practical tips for success. No matter what role or interest you have in hospitality, there’s a podcast for you. Who’s it for?

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SiteMinder

OCTOBER 11, 2022

From hiring all staff to scheduling maintenance to creating new revenue management strategies , the hotel management team is extremely busy. Again, the specific job titles and the amount of personnel within the management team will vary from hotel to hotel. Operations manager. Night duty manager. IT manager.

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Cloudbeds

JUNE 5, 2024

There used to be a time when hotel revenue managers simply had to look at predicted demand and keep an eye on competitors’ rates to optimize pricing. For revenue managers, that meant adding a new strategy (and a new skill) to their decision-making: reputation pricing. For them, the primary quality indicator was price.

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Xotels

NOVEMBER 23, 2023

Hotel Management Strategies If you want to read more about management strategies on everything hotel management? Read the articles below: Top 5 Essential Hotel Management Tips for The Perfect Guest Experience How to Make Your Hotel Stand Out? Utilise sales techniques to present options and alternatives to guests.

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Xotels

NOVEMBER 23, 2023

Hotel Management Strategies If you want to read more about management strategies on everything hotel management? Read the articles below: Top 5 Essential Hotel Management Tips for The Perfect Guest Experience How to Make Your Hotel Stand Out? Utilise sales techniques to present options and alternatives to guests.

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Hotel Operations

MARCH 15, 2023

But as revenue management technology and other pieces of a hotel’s commercial stack have become more effective, owners have increasingly turned to it for driving results. A unique business model Hospitality is a unique industry, says Martin Soler, a former hotel general manager, and now Partner at Soler & Associates.

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Travel Media Group

MARCH 22, 2023

And, you know, every morning the general manager would come down and he’d read the PNL cause I do the daily report overnight. And I thought, how cool I’ll do this. He’d ask how business was, and we started talking about this as a business and I thought, wow, this is pretty cool. We’re a very group heavy company.

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