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Business

Why Simplifying Group Bookings Is the Secret to Business Hotel Success

2024-10-08T19:27:06+02:00

Group bookings are vital for business hotels, but outdated, fragmented systems complicate the process. Managing accommodation, meeting spaces, and event services across multiple platforms often results in errors, wasted time, and client dissatisfaction. By adopting integrated technology, hotels can simplify operations, minimize mistakes, and improve profitability, ensuring they meet growing demand and operate more efficiently. Simplifying Group Bookings for Boosting

Why Simplifying Group Bookings Is the Secret to Business Hotel Success2024-10-08T19:27:06+02:00

Harnessing Hotel Business Intelligence: 5 Key Questions Your Data Should Answer

2024-08-27T12:25:46+02:00

Embracing data-driven decision-making is vital for hotels looking to thrive in today's competitive environment. From identifying top revenue-generating channels to tracking total revenue per available room (TrevPAR) and managing costs, having access to interconnected data allows hoteliers to make quick, informed decisions that can boost operational efficiency, elevate the guest experience, and drive revenue growth. Unlocking Hotel Success with Data-Driven

Harnessing Hotel Business Intelligence: 5 Key Questions Your Data Should Answer2024-08-27T12:25:46+02:00

Save Time with These Event Management Tips

2024-07-16T10:01:26+02:00

Time is money, especially in event management, where every minute counts. Operational efficiency can be the difference between a smoothly run event and one filled with chaos and missed opportunities. In an industry that demands precision and quick responses, having the right tools to save time is invaluable. By optimizing your operations with advanced event management software, you can streamline

Save Time with These Event Management Tips2024-07-16T10:01:26+02:00

Hotel Association: 8 Benefits of Joining for Hotel Owners

2024-10-18T16:43:58+02:00

A hotel association is a collective trade group or industry body for the hotel industry. Associations of this kind are typically made up of hotel brands, owners, management companies, suppliers, and other industry partners. Hotel associations are important because they provide support, networking opportunities, marketing assistance, guidelines, and access to valuable data. A hotel association will also advocate for the

Hotel Association: 8 Benefits of Joining for Hotel Owners2024-10-18T16:43:58+02:00

Hotel Operations Guide: Learn How to Run Your Hotel Successfully

2024-06-25T14:27:40+02:00

When guests assess a hotel's quality, they will largely be judging the effectiveness of hotel operations. However, these operations are made up of several interlinked departments, which must deliver on their own offering while collaborating with other departments to provide a seamless guest experience. In this hotel operations guide, you can learn more about hotel operations and how to run

Hotel Operations Guide: Learn How to Run Your Hotel Successfully2024-06-25T14:27:40+02:00

How to Measure The Profitability of Your Hotel Business

2024-03-25T10:54:55+01:00

Profitability is a business's ability to generate earnings from its operations over a given period. Various methods, known as profitability ratios, gauge a business's overall profitability. This article explains the different profitability ratios and explains how revenue management can positively impact profitability. Insight in Profitability Ratios Profitability ratios provide insight into how a business is performing and are key tools

How to Measure The Profitability of Your Hotel Business2024-03-25T10:54:55+01:00

How to Build an Effective Commercial Hotel Organization in 2024

2024-01-16T17:06:53+01:00

A hotel’s commercial team—revenue management, sales, and marketing—is critically important to the financial health of a property. When working harmoniously, these functions combine to ensure a property is filled with high-value guests while minimizing acquisition costs as much as possible. However, “harmonious” is an unlikely descriptor for many hotel commercial teams. 3 Ways to Build an Effective Commercial Hotel Organization

How to Build an Effective Commercial Hotel Organization in 20242024-01-16T17:06:53+01:00

Hotel Marketing Plan: Tips & Tricks for Successful Hotel Marketing

2024-06-07T12:48:26+02:00

A hotel marketing plan is important for establishing your marketing objectives, outlining how to achieve them, understanding your target audience(s), and pinpointing your unique selling proposition. In this article, you can learn more about how to create and continually modify your marketing plan. Table of Contents: What is the Hotel Industry? What is a Hotel Marketing Plan? Why is a

Hotel Marketing Plan: Tips & Tricks for Successful Hotel Marketing2024-06-07T12:48:26+02:00

Hospitality Business: How to Start a Successful Hospitality Company

2024-10-18T16:11:17+02:00

Hospitality can be a challenging industry for a new business owner. If you're thinking about starting a new business in the hospitality sphere, this is the article for you. Read on to discover everything you'll need to know about the basics of starting a hospitality business, with key tips and important resources to help you get off to the right

Hospitality Business: How to Start a Successful Hospitality Company2024-10-18T16:11:17+02:00

Hotel Budget Plan: Practical Budgeting Tips for Hoteliers

2024-06-01T13:49:48+02:00

A hotel budget plan is a projection of financial earnings and expenditures over a defined period of time, allowing your hotel to understand its financial status and determine how much money is available for planned or unplanned projects. In this article, you will be able to learn more about what a hotel budget plan is and why it is so

Hotel Budget Plan: Practical Budgeting Tips for Hoteliers2024-06-01T13:49:48+02:00

Hotel Asset Management: Definition, Importance, and Practices

2024-06-01T13:41:42+02:00

Hotel asset management can help to maximize revenue, minimize costs, and improve your hotel's brand. By taking a big-picture view of your hotel business and conducting detailed analyses of your hotel's aspects, hotel asset management can take your hotel from strength to strength. Read on to discover what hotel asset management is and what it means for your business. Table

Hotel Asset Management: Definition, Importance, and Practices2024-06-01T13:41:42+02:00

Top 3 Goals for Independent Properties and Strategies for Success

2023-12-20T17:33:29+01:00

They say after the storm comes a calm. However, the storm has yet to pass in the hospitality industry. While seeing the light again is possible, the industry still navigates in turbulent waters. Why? With a fierce competition of over 17.5 million guestrooms in 187,000 hotels (1) worldwide, independent hotels know they have to compete for their share of business

Top 3 Goals for Independent Properties and Strategies for Success2023-12-20T17:33:29+01:00

Hotel Business Plan: Write a Successful and Effective Hotel Business Strategy Plan

2024-06-01T13:57:19+02:00

A hotel business plan is essential for anyone starting a new enterprise in the hotel industry. A business plan is a document that identifies your goals, objectives, and success strategies. It will be the foundation for your new operation. In this article, you'll learn how to create a detailed and effective business plan for your hotel. Table of Contents: What

Hotel Business Plan: Write a Successful and Effective Hotel Business Strategy Plan2024-06-01T13:57:19+02:00

Hotel Market Segmentation: Effective Tips & Strategies for Hoteliers

2024-06-01T13:57:54+02:00

Hotels want to attract as many guests as possible to maximize revenue. One of the best ways to achieve this is to segment the hotel market so that different groups of people can be targeted with different marketing messages, pricing strategies, and services. In this article, you will learn some hotel market segmentation tips and strategies for hoteliers to use,

Hotel Market Segmentation: Effective Tips & Strategies for Hoteliers2024-06-01T13:57:54+02:00

How to Start Hotel Business: 10 Steps for Launching a Successful Hotel Business

2024-06-01T13:56:45+02:00

Deciding how to start a hotel business is always complex. There are many factors to consider: the location, the type of hotel you want to run, the clientele you want to attract and the services you plan to offer, and more. In this article, you'll discover everything you need to know when considering a new hotel business. Table of Contents:

How to Start Hotel Business: 10 Steps for Launching a Successful Hotel Business2024-06-01T13:56:45+02:00

Should Hospitality Marketing be Managed In-House or Outsourced?

2023-12-06T12:39:03+01:00

Question for Our Hotel Marketing Expert Panel Should hospitality marketing be managed in-house or outsourced to an external agency? With many hospitality brands operating with smaller teams, what marketing activities could be outsourced easily? Our Marketing Expert Panel Dustin Caromano - Director of Marketing and eCommerce, Première Advisory Group Tamie Matthews - Revenue,

Should Hospitality Marketing be Managed In-House or Outsourced?2023-12-06T12:39:03+01:00

Cliches About Revenue Management, Guests’ Quality, and Brand Reputation

2024-04-02T13:07:30+02:00

What do hoteliers resist about revenue management? One common pushback is lowering prices below a certain psychological threshold. Yet, it's essential during low demand and pays off later. Some hoteliers believe: "I cannot sell below a certain figure because otherwise low-quality guests will arrive and lower the hotel's image; I prefer to stay empty and not sell." Yet, those who

Cliches About Revenue Management, Guests’ Quality, and Brand Reputation2024-04-02T13:07:30+02:00

The little-known Housekeeping Data That Can Boost Your Hotel Business

2024-01-18T17:05:52+01:00

Are you measuring housekeeping data? You should. Your guests or the activities drive the housekeeping services it takes to run the property. After all, a room must be cleaned because someone slept in it. So, to understand your property's operations, how costs are created, and how to improve, you need to dive deeper into the catalysts triggering your services. And

The little-known Housekeeping Data That Can Boost Your Hotel Business2024-01-18T17:05:52+01:00
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