Hotel Industry

Revenue Management is About Much More Than Pricing

Revfine.com2023-12-06T13:35:12+01:00

When hoteliers, hotel owners, or management seek the help of a revenue management consultant or outsourcing company, they often mention something like, "We've casually practiced revenue management in the past." As the consulting engagement kicks off, these hospitality professionals will say they understand the discipline even though they lack a structured approach. Yet, revenue management is all about structure. Pricing

Revenue Management is About Much More Than PricingRevfine.com2023-12-06T13:35:12+01:00

15 Strategies to Boost Hotel Food and Beverage Revenue

Revfine.com2023-12-06T13:35:46+01:00

Managing hotel restaurants may be challenging. Ultimately, one might say maintaining a hotel as a whole is likely enough effort in and of itself, not even to mention trying to figure out how to ensure the hotel restaurant operates to its fullest potential. However, in the long run, it pays to consider ways to boost F&B (food and beverage) sales

15 Strategies to Boost Hotel Food and Beverage RevenueRevfine.com2023-12-06T13:35:46+01:00

Where is the Data? How Hotels are Changing Targets for Data Collection

Revfine.com2023-12-06T13:36:23+01:00

Data is the blood life – or oxygen – for businesses, but only if one knows how to make sense of it. The sheer volume and scale of data available to hoteliers today are immense, and operators are finding new ways of turning the overwhelming deluge of information from a curse into a blessing. The process involves rethinking their data

Where is the Data? How Hotels are Changing Targets for Data CollectionRevfine.com2023-12-06T13:36:23+01:00

Hotel Financing: Learn How to Finance Your Hotel Business

Martijn Barten2024-06-01T15:32:41+02:00

Whether you want to construct a new hotel or purchase an existing one, you will need hotel financing to cover the costs. Thankfully, there are a variety of options to choose from. In this article, we will explore these different financing types and provide tips to boost your chances of success when acquiring funding. Table of Contents: What Is the

Hotel Financing: Learn How to Finance Your Hotel BusinessMartijn Barten2024-06-01T15:32:41+02:00

What Revenue Management Trends and Strategies will we see in 2023?

Suzanne2023-12-06T13:37:22+01:00

Question for Our Revenue Management Expert Panel: What are your predictions for the revenue management trends and strategies we can expect to see in 2023? Our Revenue Management Expert Panel Chaya Kowal - Director of Revenue Management, Potato Head Family Dermot Herlihy - Owner, Dynamic Hospitality Consulting Ricardo Sereno - Revenue Manager, Altis

What Revenue Management Trends and Strategies will we see in 2023?Suzanne2023-12-06T13:37:22+01:00

Hotel Management Companies: Top 8 Biggest Hotel Management Companies

Martijn Barten2024-06-01T15:25:20+02:00

Hotel management companies are a huge component of the hotel industry. These companies operate hotels for hotel owners. They range from small organizations that operate one or two establishments to large global businesses managing hotels all over the world. In this article, you'll learn everything you need to know about the eight most significant hotel management companies in today's industry.

Hotel Management Companies: Top 8 Biggest Hotel Management CompaniesMartijn Barten2024-06-01T15:25:20+02:00

Moving Ahead Towards The Light: The Hospitality Industry’s New Trials and Possibilities

Revfine.com2023-12-06T13:38:33+01:00

There's no doubt that 2022 brought terrific developments for the hospitality industry. Most countries reopened their borders and did away with travel restrictions, and demand matched or even exceeded 2019 levels. However, it's not smooth sailing all around. Our sector faced many ongoing challenges due to the pandemic, and some new issues cropped up, too. What could have been the

Moving Ahead Towards The Light: The Hospitality Industry’s New Trials and PossibilitiesRevfine.com2023-12-06T13:38:33+01:00

How To Upsell Throughout the Traveler Journey (+5 Best Practices)

Revfine.com2023-12-06T13:38:53+01:00

Upsells are a simple, straightforward way to drive more revenue, increase engagement, and build customer loyalty. Implementing the right upsell strategy can improve the guest experience and your bottom line. Lodging businesses that leverage the power of upsells can increase guest satisfaction by allowing guests to customize their stay, build customer loyalty through personalized experiences, and mitigate external risks with

How To Upsell Throughout the Traveler Journey (+5 Best Practices)Revfine.com2023-12-06T13:38:53+01:00

4 Key Metrics for Your Hotel’s Direct Channel Success

Revfine.com2023-12-20T18:39:52+01:00

Data analytics is, of course, helpful to better understand your hotel’s direct channel performance, but what’s most useful is being able to compare your results to the market to identify potential growth drivers. The Benefits of Hotel Benchmarking Hotel benchmarking enables you not only to access competitive insights but to make better-informed decisions and take action in those areas that

4 Key Metrics for Your Hotel’s Direct Channel SuccessRevfine.com2023-12-20T18:39:52+01:00

6 Ways Hoteliers Can Offer a Personalized Digital Guest Experience

Revfine.com2024-04-10T12:45:13+02:00

Travelers looking to book their holidays spend countless hours researching locations, transportation methods, itineraries, and accommodation options. Especially when booking a hotel, they're faced with a large variety of choices—and they will choose the one they resonate with best. You need to differentiate yourself from the crowd and ensure you are the top choice for your target audience. And for

6 Ways Hoteliers Can Offer a Personalized Digital Guest ExperienceRevfine.com2024-04-10T12:45:13+02:00

7 ways to Optimize Your Hotel’s Distribution Strategy

Revfine.com2023-12-06T13:40:03+01:00

Consistently placing your inventory in the most profitable channels is essential for successful distribution. Yet distribution remains one of the most complex tasks facing hoteliers. Hotel profitability is correlated directly with the deployment of effective distribution strategies, ones that are resilient and adaptable to real-time. Here are a few ways for your hotel's distribution team to strengthen its approach. Seven

7 ways to Optimize Your Hotel’s Distribution StrategyRevfine.com2023-12-06T13:40:03+01:00

Best Practices for Marketing a Hotel’s Non-Accommodation Areas

Suzanne2023-12-06T13:40:46+01:00

Question for Our Hotel Marketing Expert Panel What are your best practices for marketing a hotel/resort’s non-accommodation areas, e.g., spa, golf, etc.? How can hotels creatively target niche audiences for these areas, especially in low season? Our Marketing Expert Panel Joanne Greene - Hospitality Expert Jolien Alferink - Hotel Marketing Consultant, Orange

Best Practices for Marketing a Hotel’s Non-Accommodation AreasSuzanne2023-12-06T13:40:46+01:00

Hotel Websites Where Hoteliers Can Sell Packages (Including Examples)

Martijn Barten2024-06-01T15:30:56+02:00

Hotel rooms don't sell themselves. Hoteliers need to embrace a wide range of tactics to ensure optimum occupancy. Package deals are a great way to entice guests to book at your hotel. Advertising packages online is a good idea to ensure that your package deals get the best visibility. Here are some of the top websites where you can market

Hotel Websites Where Hoteliers Can Sell Packages (Including Examples)Martijn Barten2024-06-01T15:30:56+02:00

How do Reputation Scores and Revenue Management Influence each other?

Suzanne2023-12-06T13:41:28+01:00

Question for Our Revenue Management Expert Panel: What are the links between hotel reputation scores and revenue management? How do they influence each other? (Question proposed by Pablo Torres) Our Revenue Management Expert Panel Pablo Torres - Director Of Sales Marketing, Alannia Resorts Chaya Kowal - Director of Revenue Management, Potato Head

How do Reputation Scores and Revenue Management Influence each other?Suzanne2023-12-06T13:41:28+01:00

The 4 Most Important Housekeeping Trends for 2023

Revfine.com2024-01-18T17:06:37+01:00

Much has been said about the hospitality trends you will see everywhere in 2023. The return of business travel, short-term booking windows, swift tech adoption as hotels try to do more with less… But let's discuss trends in housekeeping, a department abundant with opportunities for streamlining and growing your hotel business, and how to best adopt them in your hotel.

The 4 Most Important Housekeeping Trends for 2023Revfine.com2024-01-18T17:06:37+01:00

Top 10 Ways To Use F&B Data To Improve Guest Experience

Revfine.com2024-04-10T12:46:29+02:00

Hoteliers and restaurateurs are constantly looking for ways to improve their guest experiences. Why? They want to provide guests with a memorable dining experience, and they want to ensure that they get repeat visitors. And guess what? The F&B data they've automatically collected from their POS system or advanced reservation platform is key in improving customer service and the overall

Top 10 Ways To Use F&B Data To Improve Guest ExperienceRevfine.com2024-04-10T12:46:29+02:00

Revenue Management Guide: Calculating Costs & Quality Analysis

Revfine.com2024-04-02T13:09:13+02:00

As a hotelier, you know many factors go into your room rates. Three of those factors are your costs, current demand, and your hotel’s online visibility. Revenue management is the science of assessing these and other factors and raising your profitability year after year. This article offers a guide to analyzing your costs and improving your analysis with the goal

Revenue Management Guide: Calculating Costs & Quality AnalysisRevfine.com2024-04-02T13:09:13+02:00

4 Website Personalization Tips for Luxury Hotels to Increase Direct Bookings

Revfine.com2024-04-10T12:47:12+02:00

Brand identity significantly influences guests, with an even more significant impact in luxury hospitality, where brand image standards are higher. As a luxury brand, it's crucial to seduce potential guests and entice them to book on your hotel website by providing each visitor with a personalized online experience, with your brand's personality shining through at all times. 4 Ways How

4 Website Personalization Tips for Luxury Hotels to Increase Direct BookingsRevfine.com2024-04-10T12:47:12+02:00

Strategies, Tactics, and Insights for the Hotel Industry

Optimize revenue, innovate processes, and improve customer experience