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So far Revfine.com has created -306 blog entries.

Increase Hotel Direct Sales with AI & Omnichannel Communication

2024-01-18T16:25:21+01:00

Omnichannel communication and artificial intelligence enable hotels to deliver a much more engaging e-commerce experience and increase direct online bookings by 10% on average. In this article, you'll find tips to increase direct hotel bookings with AI and omnichannel communication. Attract More People to Your Direct Reservation Process Through Omnichannel Engagement To increase direct sales, you first must ensure you

Increase Hotel Direct Sales with AI & Omnichannel Communication2024-01-18T16:25:21+01:00

How Does Your 2021 Hotel Performance Affect Your 2022 Forecast?

2024-04-02T13:12:56+02:00

As a hotelier, you know Occupancy and Revpar (revenue per available room) data are fundamental to your bottom line. Such data helps you interpret and compare the profitability of your property from year to year. As a revenue manager, you can make educated predictions. This article will review the benchmarks of the past two years and will use 2019 data

How Does Your 2021 Hotel Performance Affect Your 2022 Forecast?2024-04-02T13:12:56+02:00

Considerations When Setting Stay Extension Pricing

2023-12-06T15:47:39+01:00

Most revenue managers are well aware of the latest industry trend of monetizing the requests for early check-ins and late departures. Why is this activity now trending? Before the pandemic, generally, favorable market conditions made normalized stay extension offers operational challenges simply not worth the effort. However, owners and asset managers are now pressing the commercial teams to find 'recovery

Considerations When Setting Stay Extension Pricing2023-12-06T15:47:39+01:00

5 Hotel Website Personalization Tactics to Boost Direct Bookings in 2022

2023-12-20T18:41:46+01:00

Picture this. You want to surprise your partner for Valentine’s day with a romantic getaway. You start exploring options, but after entering your search dates on the hotel’s booking engine, the following message pops up: “Early bird offer. Enjoy an incredible 20% discount on family bookings this summer!” How random. Chances are you would leave the website to look for

5 Hotel Website Personalization Tactics to Boost Direct Bookings in 20222023-12-20T18:41:46+01:00

The Limits of Rules-Based Revenue Management Technology

2023-12-06T15:50:17+01:00

There are automated revenue management decision-making systems, and then there are revenue management support tools that rely on a rules-based approach to setting and changing prices. While perhaps an efficient method for some proficient users, rules-based technology requires consistent manual intervention and will undoubtedly struggle as market conditions shift and staffing changeover occurs. Keep reading to understand the limitations of

The Limits of Rules-Based Revenue Management Technology2023-12-06T15:50:17+01:00

Pricing Your Rooms in 2022 – Getting The Best Results in Times of Uncertainty

2023-12-06T15:50:45+01:00

Cast your minds back to midnight on new years eve. You probably weren’t thinking about your room pricing. But if you had been, would you have felt confident about how demand will play out this year? How much would you bet on being right? If you are in charge of setting prices for a hotel, then a lot of money

Pricing Your Rooms in 2022 – Getting The Best Results in Times of Uncertainty2023-12-06T15:50:45+01:00

7 Hotel Marketing Trends You Need to Know for 2022

2023-12-06T15:55:43+01:00

Planning for 2022 is well underway, and your marketing strategy should be a big part of this planning. Getting your hotel in front of the right audience can help you to achieve your 2022 goals. With the emergence of new technologies and platforms, it's crucial to keep up with these changes and be where your guests are. 7 Hotel Marketing

7 Hotel Marketing Trends You Need to Know for 20222023-12-06T15:55:43+01:00

Tools of the Trade: Why Revenue Managers Need to Be Active Software Reviewers

2023-12-06T15:56:12+01:00

A comprehensive approach to revenue management traditionally includes a number of different solutions from PMS, CRS, RMS, rate shopper, and business intelligence tools. But at a time when occupancy levels remain aberrantly low, what other tools, if any, should a revenue manager be aware of that can help increase revenue? The Future of Revenue Management: Total Profit Management This article

Tools of the Trade: Why Revenue Managers Need to Be Active Software Reviewers2023-12-06T15:56:12+01:00

Emerging Trends for Hotel Website Design in 2022

2023-12-06T15:57:23+01:00

Much like a hotel’s lobby serves as a strong first impression to its incoming guests, your website serves as an even stronger first impression to potential bookings. With major changes in Google’s search engine algorithm and the tourism industry’s rebound from the pandemic, designing a shiny, new, dynamic interface for your hotel website is more important than ever before. 7

Emerging Trends for Hotel Website Design in 20222023-12-06T15:57:23+01:00

Forward-Looking Demand Data: The Secret to Optimising Revenue in Challenging Times

2023-12-06T15:57:41+01:00

Name an area of life or work that the pandemic didn’t impact. It’s not easy to find one, is it? Especially in the hospitality industry, it feels like hardly anything is as it was before COVID. However, there’s one thing that has dramatically gained importance. It’s your ability as a revenue manager to grasp market trends, foresee demand shifts and

Forward-Looking Demand Data: The Secret to Optimising Revenue in Challenging Times2023-12-06T15:57:41+01:00

5 Steps to Master The Basics of Hotel Benchmarking

2023-12-06T15:59:42+01:00

Whether your hotel brand contains five-star luxury hotels or serviced apartments, having precise data and knowing how to leverage it, is critical to building a successful hotel revenue plan. When it comes to implementing a hotel benchmarking strategy, there are multiple questions to consider. How do I define my compsets? What metrics should I analyze? How do I go about

5 Steps to Master The Basics of Hotel Benchmarking2023-12-06T15:59:42+01:00

How Targeting Hotel Audiences Ensures a Personalized Experience for Each Guest

2023-12-06T15:59:59+01:00

The key to meeting the expectations of today's guests, with or without technology, is a targeted approach. No one has the time or headspace to process and filter out irrelevant information in the information overload era. After engaging in a great deal of comparisons, analysis and filtering in their search for accommodation, asking your guests to put in this work

How Targeting Hotel Audiences Ensures a Personalized Experience for Each Guest2023-12-06T15:59:59+01:00

Resort Revenue Revolution: When Technology Meets Paradise

2023-12-06T16:00:48+01:00

Resort operators should take a moment to reconsider the potential for significant revenue growth. It is worth noting that leading revenue management system (RMS) providers are now directing their attention toward meeting the unique requirements of resorts. Resorts can unlock various possibilities by embracing automated dynamic pricing, flexible inventory optimization, and other innovative tools. Bye Bye Spreadsheets Gone are the

Resort Revenue Revolution: When Technology Meets Paradise2023-12-06T16:00:48+01:00

3 Ways to Streamline Upselling Across Your Entire Hotel Chain

2023-12-06T16:02:57+01:00

Once it’s in place, an automated upselling system brings countless advantages, like a more personalised guest experience, increased revenue and a more efficient workflow. Achieving these results at a single property may feel relatively straightforward. But how can you replicate them at all hotels across your chain or brand? 1. Facilitate System Adoption The easier you make it for teams

3 Ways to Streamline Upselling Across Your Entire Hotel Chain2023-12-06T16:02:57+01:00

How to Get Started With Google Hotel Ads

2023-12-06T16:03:17+01:00

Where do you start your online search for products and services like hotels? Good chance it is Google. Google Hotel Ads has been the fastest-growing metasearch engine across all regions since its debut. In this article, you'll learn how to increase your visibility in Google Search, resulting in a growth of hotel bookings. Google Hotel Ads: How it All Started

How to Get Started With Google Hotel Ads2023-12-06T16:03:17+01:00

Protecting Your Hotel’s Cash Flow & Improving Asset Valuation

2023-12-06T16:03:55+01:00

Hotel revenue management plays a central role in protecting, forecasting, and strengthening a hotel's cash flow and overall financial position by enhancing the cash position of the asset. Additional revenue generated by a revenue management system directly flows into the amount of cash available. This higher rate of cash flow—combined with detailed forecasts that enable expense management—has a number of

Protecting Your Hotel’s Cash Flow & Improving Asset Valuation2023-12-06T16:03:55+01:00
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