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Tips for Hotel Revenue Forecasting in a Constant State of Uncertainty

Revfine.com2023-12-06T16:41:50+01:00

The global hospitality industry has had its fair share of large-scale disruptions since COVID-19 first struck, and the hotel sector faces an uncharted recovery period ahead. Hoteliers can gain ground by using agile, accurate, and holistic revenue forecasting. Modern Tools for Modern Challenges Are you using outdated technology at your hotel? Advanced, cloud-based solutions will help fulfil your security, connectivity,

Tips for Hotel Revenue Forecasting in a Constant State of UncertaintyRevfine.com2023-12-06T16:41:50+01:00

Revenue Management in 2021 – Basing Every Decision On Data

Revfine.com2024-05-20T16:05:29+02:00

In 2020, revenue managers were forced to make a massive shift. Instead of leaning on in-house on-the-books (OTB) data, historical and compset information, you now need to focus on much broader data sets. But collecting and evaluating more data takes your team more time. In this article, you'll learn how hotels can use data for a successful post-covid recovery strategy.

Revenue Management in 2021 – Basing Every Decision On DataRevfine.com2024-05-20T16:05:29+02:00

How AI Increases The Profitability of a Hotel’s Front Office

Revfine.com2024-01-18T16:31:30+01:00

Hotel front offices are often considered cost centers when they should be seen as profit centers. Artificial Intelligence (AI) can filter and solve customer requests and FAQs so that staff can focus only on high-value customer requests. Innovation is Not About Replacing Humans With Machines Complacency is the main obstacle to hotel front office modernization. Hoteliers tend to compare their

How AI Increases The Profitability of a Hotel’s Front OfficeRevfine.com2024-01-18T16:31:30+01:00

The Delicate Balance Between Good and Bad Upselling (+ Free Course)

Revfine.com2023-12-20T18:06:17+01:00

While a familiar term in the hospitality industry, the broader perception of the word ‘upselling’ could use an improved reputation– and for a good reason. As consumers, we’re bombarded with offers and deals that distinctly fail in hiding their brazen disregard for the consumer. There’s nothing more off-putting than selling an item or service that is clearly in the seller’s

The Delicate Balance Between Good and Bad Upselling (+ Free Course)Revfine.com2023-12-20T18:06:17+01:00

How Revenue Leaders Can Generate New Business

Revfine.com2023-12-06T16:46:41+01:00

Hospitality revenue management teams have long been expected to manage demand. But for the hospitality industry's new climate in 2021 and beyond, revenue leaders will need to do more than manage demand—and now it’s up to hoteliers to find creative ways to align their marketing and revenue teams to generate new business. Break Down (or at Least Align) the Silos

How Revenue Leaders Can Generate New BusinessRevfine.com2023-12-06T16:46:41+01:00

Get Your Marketing Plan Ready for The Big Recovery With The Hotel Marketing Canvas

Revfine.com2023-12-06T16:47:28+01:00

With the expected big recovery in the travel industry ahead, it's a perfect time to re-evaluate your marketing strategy and tactics. Many hotels are going through their harshest times ever, and there's little margin for error when it comes to being prepared for when demand returns. In this article, you can learn how to use the Hotel Marketing Canvas©, a

Get Your Marketing Plan Ready for The Big Recovery With The Hotel Marketing CanvasRevfine.com2023-12-06T16:47:28+01:00

4 Expert Tips to Select the Right Chatbot for Your Hotel

Revfine.com2024-01-18T16:34:16+01:00

From a look and feel-perspective, all chatbots look similar. However, some will deliver excellent service to your guests; others will generate frustration. If you want to make the right choice for your hotel or group, look for these essential decision criteria. This article provides four tips to help you choose the right chatbot to achieve your hotel(s) strategic goals. 4

4 Expert Tips to Select the Right Chatbot for Your HotelRevfine.com2024-01-18T16:34:16+01:00

Hotel Success Story: How Upsell Expands Guest Satisfaction & Revenue

Revfine.com2023-12-20T18:06:38+01:00

While hoteliers, in general, are becoming well-versed in the multiple benefits of digital upselling, it’s interesting to note how individual hotels find unique ways of using upselling to boost their business. In this article, Hotel Van der Valk explains what the benefit is of digital upselling and you can download the full performance report with all results. Digital Upselling Gives

Hotel Success Story: How Upsell Expands Guest Satisfaction & RevenueRevfine.com2023-12-20T18:06:38+01:00

Tips for Reconsidering Your OTA & Direct Booking Strategy in 2021

Revfine.com2023-12-20T18:47:19+01:00

When engaging with online travel agencies (OTAs) in this era of uncertainty, hoteliers must properly understand the value and costs associated with all distribution channels. Any relationship weighted in favour of an OTA to the detriment of a hotel’s bottom line needs to be reviewed, and steps should be taken to maximise your direct bookings. Capture More Direct Bookings For

Tips for Reconsidering Your OTA & Direct Booking Strategy in 2021Revfine.com2023-12-20T18:47:19+01:00

Pushing Profit Beyond the Guest Room in 2021

Revfine.com2023-12-06T16:51:04+01:00

Hoteliers are under unforeseen pressure to make magic happen in the new year and get their profitability back on track. Three words: “Total Profit Optimisation.” You’ve likely heard them spoken before in hushed whispers. It’s the ever-elusive and seemingly unattainable holy grail of hotel revenue leadership. Maximising Your Business Revenues by Total Profit Optimisation Total profit optimisation considers costs associated

Pushing Profit Beyond the Guest Room in 2021Revfine.com2023-12-06T16:51:04+01:00

4 Stage COVID Communication Plan for Hotels

Revfine.com2023-12-06T16:51:18+01:00

It is vital to ensure your hotel is safe for your guests and staff during COVID. However, even if your hotel’s COVID-19 measures are set up correctly, the communication regarding these measures is just as important. Below you find a COVID communication plan for your hotel. Processes in the Four Stages of Your Guest’s Journey We’ve prepared a handy checklist

4 Stage COVID Communication Plan for HotelsRevfine.com2023-12-06T16:51:18+01:00

The Benefits Of Automated Advertising in Search Engines

Revfine.com2023-12-06T16:52:32+01:00

Reaching potential travelers exactly at that point in time when they’re searching online for the best offer. To succeed these days as a travel company on search platforms, you need to be rapidly adapting to changes. Using search technology & software can help you with this. Here, you will find how to automate your search campaigns in Google plus the

The Benefits Of Automated Advertising in Search EnginesRevfine.com2023-12-06T16:52:32+01:00

The Hard Truth About Revenue Management Right Now (+5 Do’s and Don’ts)

Revfine.com2023-12-06T16:52:52+01:00

Let’s be blunt. COVID-19 is a global disaster, and this pandemic has brought the hotel industry to its knees—full stop. But the time has come to rise from the ashes and show the world what you are made of. You are innovative, agile, and your hotel fulfills the most amazing experiences for guests around the globe. In this article, you

The Hard Truth About Revenue Management Right Now (+5 Do’s and Don’ts)Revfine.com2023-12-06T16:52:52+01:00

Practical Tips to Increase Hotel Sales When Demand is Low

Revfine.com2024-01-18T16:36:37+01:00

In a low-demand context, hotels must focus on maximizing their conversion rate. A proactive sales strategy augmented by Artificial Intelligence (AI) proves instrumental in navigating these difficult times. Practical Ideas to Increase Direct Conversion Rates In these low-demand times, every reservation counts. Just making hotel direct booking easy from a technical perspective is not enough. To increase conversion, you must

Practical Tips to Increase Hotel Sales When Demand is LowRevfine.com2024-01-18T16:36:37+01:00

Upselling Tips & Examples to Improve Your Hotel Marketing Strategy

Revfine.com2023-12-06T16:53:50+01:00

Upselling has been on hoteliers’ minds for many years. Traditionally the revenue manager would devise the underlying strategy and leave it to the front desk team to carry it out. But the deeper you dive into the world of digital upselling, the more you’ll see that it can add value to nearly every area of your hotel. In this article,

Upselling Tips & Examples to Improve Your Hotel Marketing StrategyRevfine.com2023-12-06T16:53:50+01:00

Are Attribute-Based Bookings the New Standard for Hotels?

Revfine.com2023-12-06T16:55:09+01:00

The attribute model has become quite a buzzword in the hospitality industry in recent years. But what exactly is attribute-based booking, otherwise known as attribute-based selling? And which advantages can it bring your upselling initiative? Let’s see what the experts say, so you can make up your mind about whether to test this new approach at your hotel. What is

Are Attribute-Based Bookings the New Standard for Hotels?Revfine.com2023-12-06T16:55:09+01:00

4 Tips For Stress-Free Upselling & Streamlining Your Hotel Operations

Revfine.com2024-04-10T13:04:50+02:00

There’s no doubt about it: automated upselling and cross-selling are excellent ways to increase a hotel’s ancillary revenue and guest satisfaction. However, operationally it can be a bit challenging. Going through incoming requests, delegating tasks, and communicating with staff can be time-consuming and inefficient without the right approach. Streamlining Your Hotel Operations With everything else going on at the hotel,

4 Tips For Stress-Free Upselling & Streamlining Your Hotel OperationsRevfine.com2024-04-10T13:04:50+02:00

How Hotels Leverage AI Chatbots to Adapt to COVID-related Market Conditions

Revfine.com2024-01-18T16:38:21+01:00

Hospitality professionals must revisit their business models to create resilient long-term strategies to keep afloat in these challenging times. Artificial intelligence (AI) is essential to reduce costs and continue delivering premium guest service. In this article, you will learn how hotels use AI Chatbots to adapt to COVID-related market conditions. Hotels Face Challenges Due to COVID The impact of COVID-19

How Hotels Leverage AI Chatbots to Adapt to COVID-related Market ConditionsRevfine.com2024-01-18T16:38:21+01:00

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