Hotel Industry

Protecting Your Hotel’s Cash Flow & Improving Asset Valuation

Revfine.com2023-12-06T16:03:55+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 ValuationRevfine.com2023-12-06T16:03:55+01:00

How to Hire the Best Hotel Staff for Your Hotel?

Martijn Barten2024-06-01T20:10:12+02:00

It is impossible to run a successful hotel without hiring the right hotel staff. After all, success in the industry relies hugely on customer service, and many additional tasks and duties need to be carried out. For instance, most hotels need marketers, receptionists, HR staff, accountants, cleaners, IT support workers, chefs, waiters, concierge staff, etc. Here, you will find tips

How to Hire the Best Hotel Staff for Your Hotel?Martijn Barten2024-06-01T20:10:12+02:00

Is a CRM Essential For Delivering Personalised Hotel Experiences?

Suzanne2024-04-10T13:00:51+02:00

Question for Our Hotel Marketing Expert Panel Personalised guest experiences are becoming increasingly important and maintaining rich guest profiles helps hotels deliver on preferences and anticipate needs. Is a CRM essential for personalisation? Our Marketing Expert Panel Adele Gutman - Culture and Guest Experience Expert, Hospitality Reputation Marketing Podcast Thomas Dieben -

Is a CRM Essential For Delivering Personalised Hotel Experiences?Suzanne2024-04-10T13:00:51+02:00

An Analyze of How Hoteliers Handled Revenue Management During the Pandemic

Revfine.com2024-04-02T13:13:41+02:00

Using past data to predict future revenue during a pandemic might seem counterintuitive to many hoteliers. After all, hotel revenue management is always a complex science. How can you predict anything during a pandemic? In this article, you’ll learn how fellow hoteliers dealt with the Corona pandemic. Three Different Paths During the Pandemic As a hotelier, you’ve faced an unusual

An Analyze of How Hoteliers Handled Revenue Management During the PandemicRevfine.com2024-04-02T13:13:41+02:00

Restaurant POS Systems: The Latest and Future Trends

Martijn Barten2024-06-01T19:34:05+02:00

Effective use of point-of-sale systems can have a transformational effect on restaurant industry employees. However, it is important to understand the associated trends to get the most from restaurant POS systems. In this article, you can learn about existing and upcoming trends and how they impact restaurants and their customers. Table of Contents: What is a POS System? Restaurant POS

Restaurant POS Systems: The Latest and Future TrendsMartijn Barten2024-06-01T19:34:05+02:00

4 Ways Hotels can Leverage AI & Big Data to Boost Direct Sales

Revfine.com2024-01-18T16:26:42+01:00

AI and big data unlock opportunities for hotels to boost their direct revenue and operational efficiency while offering instant, personalized guest experiences. This article will focus on four ways hotels can leverage AI and Big Data to engage customers in the hotel direct booking process and drive their direct sales. 1) Deliver Instant Service With Conversational AI Conversational AI, a

4 Ways Hotels can Leverage AI & Big Data to Boost Direct SalesRevfine.com2024-01-18T16:26:42+01:00

The Five Boxes Your New Revenue Management (RMS) Should Check

Revfine.com2023-12-20T16:51:02+01:00

Today things are different. There's a greater variety of more intuitive RMSs that are easy to use for your team and can be set up faster than legacy systems. Thanks to this development, finding an RMS doesn't have to be hard anymore. In the following article, you'll discover how to find the RMS that will help you do just that.

The Five Boxes Your New Revenue Management (RMS) Should CheckRevfine.com2023-12-20T16:51:02+01:00

What Hotel Revenue Management Innovations & Trends Can We Expect in 2022?

Suzanne2023-12-06T16:07:14+01:00

Question for Our Revenue Management Expert Panel: What are the top innovations and trends in hotel revenue management that we can expect to see in 2022? Our Revenue Management Expert Panel Nikhil Roy - Revenue & Pricing Manager, Key Hospitality B.V. Paulo Aragao - Revenue Management Professional Sandra Gannon - Commercial Consultant, Revenue

What Hotel Revenue Management Innovations & Trends Can We Expect in 2022?Suzanne2023-12-06T16:07:14+01:00

Hostel Management Systems: Everything You Need to Know

Martijn Barten2023-12-22T15:08:56+01:00

Hostel management systems are software solutions used within hostels to carry out key managerial tasks and oversee operations. In this article, you can learn about these systems, how they work, why they are so useful, their main features, and how much they cost. Table of Contents: Why Do Hostels Need Hostel Management Systems? What Are the Main Functions of Hostel

Hostel Management Systems: Everything You Need to KnowMartijn Barten2023-12-22T15:08:56+01:00

Hotel Booking System: 8 Tips to Maximize its Benefits

Martijn Barten2024-06-01T19:30:00+02:00

A hotel booking system is an important technology for hotels and similar properties, allowing customers to reserve hotel rooms online through a simple, self-service process. In this article, you will find out more about how these systems work and have the chance to explore eight tips that will allow you to maximize the benefits. Table of Contents: What is a

Hotel Booking System: 8 Tips to Maximize its BenefitsMartijn Barten2024-06-01T19:30:00+02:00

A Few Thoughts on Your Hotel’s Distribution & Channel Strategy

Revfine.com2023-12-06T16:08:57+01:00

When engaging with online travel agencies (OTAs) in these volatile times, hoteliers must adequately understand the value and costs of 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 direct bookings. Hoteliers Should Explore OTA Alternatives For many hoteliers,

A Few Thoughts on Your Hotel’s Distribution & Channel StrategyRevfine.com2023-12-06T16:08:57+01:00

List of 10 Hotel Chains to Find Jobs in the Hotel Industry

Martijn Barten2024-06-01T15:56:04+02:00

When looking for work in the industry, many job seekers turn to established hotel chains, with clear hiring processes and greater demand for new recruits. In this article, you can explore the topic of hotel chains further, learn about what a chain is and why they can be beneficial, and have access to details on 10 of the world’s main

List of 10 Hotel Chains to Find Jobs in the Hotel IndustryMartijn Barten2024-06-01T15:56:04+02:00

Revenue Management After COVID-19 – “Innovating Through Uncertainty”

Martijn Barten2024-06-01T19:37:15+02:00

Never before has a single event affected the global economy to the extent that the ongoing COVID-19 pandemic has. Revenue managers, owners, and operators have been thrown into disarray within the hotel industry, and all are facing a less predictable future. In this article, you will learn more about revenue management strategies' role in the post-COVID economy and some of the

Revenue Management After COVID-19 – “Innovating Through Uncertainty”Martijn Barten2024-06-01T19:37:15+02:00

Mobile First: How to Boost Hotel Visibility and Drive Direct Bookings

Revfine.com2024-01-18T16:28:45+01:00

Customer behavior is evolving from search to interaction, and mobile is driving this shift. Hotels that rethink their guest communication to meet new and changing behavior will boost their visibility and drive their direct bookings. This article reveals the mobile behavior trends shaping the hospitality industry and how hotels can leverage them to improve their guest experience and increase direct

Mobile First: How to Boost Hotel Visibility and Drive Direct BookingsRevfine.com2024-01-18T16:28:45+01:00

How Hotel Automation Increases Early Check-in & Late Checkout Revenue

Revfine.com2023-12-06T16:11:04+01:00

When you hear the word automation, it may conjure up images of a future where artificial intelligence and robots take over jobs. The reality, however, is much more nuanced. The notion of automation generally remains ossified in this physical, machine-replace-labour frame and is perceived as another step toward automation-led obsolescence. Automation in Everyday Life Discussions about automation all too often

How Hotel Automation Increases Early Check-in & Late Checkout RevenueRevfine.com2023-12-06T16:11:04+01:00

Creating a Tech-Powered Operation & Guest Journey at Hotel Made in Louise

Revfine.com2023-12-20T18:04:33+01:00

The Brussels-based boutique hotel Made in Louise had a major leg up on many competitors during the pandemic thanks to its advanced tech stack. This helped them get through the corona crisis and make the most of the beginning recovery phase. Martin Duchateau, General Manager and owner of the 48-key Made in Louise hotel, shares how he navigated the pandemic

Creating a Tech-Powered Operation & Guest Journey at Hotel Made in LouiseRevfine.com2023-12-20T18:04:33+01:00

What Revenue Management Technology is Essential for Hotels?

Suzanne2023-12-20T16:51:57+01:00

Question for Our Revenue Management Expert Panel: What are the top “must-have” revenue management technology and tools essential for hotels today? Our Revenue Management Expert Panel Silvia Cantarella - Revenue Management Consultant, Revenue Acrobats Theresa Prins - Founder, Revenue Resolutions Patrick Wimble - Managing Director, Lightbulb Consulting Celine Quek - Senior Lecturer, School

What Revenue Management Technology is Essential for Hotels?Suzanne2023-12-20T16:51:57+01:00

Strategies, Tactics, and Insights for the Hotel Industry

Optimize revenue, innovate processes, and improve customer experience