Hotel revenue stream

Have a Happier Holiday & Increase your Bottom Line

The Time is Now to Maximize Holiday Income for your Hotel Just last month, AAA reported travel volume for Thanksgiving was the highest since 2005. Nearly 50 million people traveled more than 50 miles for the holiday.   That’s right, even more people are traveling in 2018 than during the height of the last economic [...]

By |2019-02-13T15:49:33+00:00December 12th, 2018|Revenue Management, Rate Management|

The Newest Iteration of Rate Management – Part 8

Be Open with your Rate Management Being flexible with rate management allows hoteliers to think in creative ways that can make hotels more money. The newest iteration of revenue management; understanding the total value of the customer rather than just what they pay on rate.   Time for a quick quiz. Which guest is more [...]

By |2018-12-07T15:53:27+00:00December 7th, 2018|Revenue Management, Rate Management|

Being Flexible with your Rate Management – Part 7

It’s time to cozy up to the BAR That’s Best Available Rate, of course, and by focusing a revenue management strategy around Best Available Rate, hoteliers are successfully pushing the average rate charged per room by more accurately leveraging the all-powerful supply vs. demand equation.   However, to fully maximize the opportunity to charge the [...]

By |2019-02-11T19:32:38+00:00November 16th, 2018|Revenue Management, Rate Management|

The “Win-Win” of Today’s Hotel Lost and Found Technology

The number of items lost by hotel guests each month and the time hotel staff spend looking for and returning them can be staggering—and expensive. According to the recent "Motel 6 Left behind Survey" conducted by Kelton Global, over 54 percent of travelers report that they have left something behind in a hotel room. The [...]

By |2016-01-13T06:00:02+00:00January 13th, 2016|Hospitality Industry Trends|