Hotel Revenue Management

Loyal Guests: Unlocking Revenue with Loyalty Programs and Ancillaries

Revfine.com2024-09-17T12:43:29+02:00

Studies show that loyalty program members aren’t just frequent travelers; they’re also highly engaged customers who are willing to spend on additional services to enhance their experience. In this article, you'll learn how hotels can expand their loyalty programs and integrate ancillary products and services to maximize loyalty, boost revenue, and drive long-term growth. Loyalty Programs Drive Hotel Revenue Growth

Loyal Guests: Unlocking Revenue with Loyalty Programs and AncillariesRevfine.com2024-09-17T12:43:29+02:00

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

Revfine.com2024-08-27T12:25:46+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 AnswerRevfine.com2024-08-27T12:25:46+02:00

Embracing Revenue Management Technologies in 2024: A Guide for Progressive Hoteliers

Revfine.com2024-08-13T17:12:53+02:00

As we navigate through 2024, the hospitality sector is undergoing a transformative phase, heavily influenced by the integration of cutting-edge technologies and innovative strategies. These changes are pivotal in not only enhancing guest experiences but also in driving revenue maximization. One noteworthy trend is the increasing adoption of revenue management technologies in the hotel industry, a movement gaining momentum in

Embracing Revenue Management Technologies in 2024: A Guide for Progressive HoteliersRevfine.com2024-08-13T17:12:53+02:00

3 Essential Tips to Maximize Revenue Hoteliers Can Implement Right Away

Revfine.com2024-08-13T17:13:08+02:00

It's important to have revenue management strategies in place to maximize revenue. Whether you use a revenue management system (RMS) or manage your prices manually, this article covers three essential strategies, recommended by our revenue management experts, to help you stay competitive. 3 Essential Tips to Maximize Your Hotel Revenue In the next sections, you will learn about three crucial

3 Essential Tips to Maximize Revenue Hoteliers Can Implement Right AwayRevfine.com2024-08-13T17:13:08+02:00

How to Maximize Hotel Revenue by Applying Open Pricing to Upselling

Revfine.com2024-09-09T16:14:34+02:00

You probably already know that adjusting your room rates based on demand fluctuations can boost your revenue. But have you ever thought of applying this approach to upselling? And what about taking things yet another step further and using the principles of open pricing on upselling as well? Keep reading to discover how these techniques can take your revenue strategy

How to Maximize Hotel Revenue by Applying Open Pricing to UpsellingRevfine.com2024-09-09T16:14:34+02:00

5 Revenue Management Tips for Beach, City, Mountain, or Countryside Hotels

Revfine.com2024-08-13T17:13:16+02:00

As a hotelier, you know your hotel faces unique revenue management challenges. Your location, primary types of travelers, and the season of the year all play into profitable pricing strategies. This article addresses specific ways to improve your revenue and profitability, regardless of location or seasonality. Revenue Management Tips for Beach, City, Mountain, or Countryside Hotels Some of these tips

5 Revenue Management Tips for Beach, City, Mountain, or Countryside HotelsRevfine.com2024-08-13T17:13:16+02:00

3 Key Questions for Evaluating RMS Options Before Budget Season

Revfine.com2024-07-16T10:03:30+02:00

Hotel budgeting season is right around the corner, and many hoteliers are getting ready to roll up their sleeves and start making tough financial decisions as they look to align investment priorities with next year’s budget projections. This is often a challenging and time-consuming process, but it’s also an opportunity to think through a strategic vision and evaluate the tools

3 Key Questions for Evaluating RMS Options Before Budget SeasonRevfine.com2024-07-16T10:03:30+02:00

Interview with Founder Franco Grasso of Revenue Team by Franco Grasso

Revfine.com2024-07-03T11:54:18+02:00

In this interview, we're speaking to Revenue Team by Franco Grasso's founder and CEO, Franco Grasso. Under Grasso's guidance, the company has grown into Europe's largest hotel revenue management consulting and outsourcing entity. His company assists hoteliers in maximizing revenue through optimized sales of hotel rooms while promoting efficiency and quality. Can you

Interview with Founder Franco Grasso of Revenue Team by Franco GrassoRevfine.com2024-07-03T11:54:18+02:00

Ancillary Revenue Guide: Optimize Revenue for Your Hotel

Martijn Barten2024-10-18T16:47:06+02:00

Ancillary revenue describes earnings that originate from the sale of products or services besides your primary offering. In the case of hotels, this means products and services beyond the sale of hotel rooms. For hotels, ancillary revenue is important because it provides additional income. When ancillary services are of a high standard, a hotel can extract more revenue from each

Ancillary Revenue Guide: Optimize Revenue for Your HotelMartijn Barten2024-10-18T16:47:06+02:00

Booking Insights: Level-up Your Data Game with Leadtime Analytics

Revfine.com2024-07-02T15:17:34+02:00

Among the data and metrics available to you, Leadtime Analytics stands out as a powerful tool in Revenue Management and Marketing. When you understand at a detailed level the period between when a booking is made and the guests check in across all the different dimensions such as Segment, Channel, Country, Promotion, and more, you can develop more effective pricing

Booking Insights: Level-up Your Data Game with Leadtime AnalyticsRevfine.com2024-07-02T15:17:34+02:00

Maximize Your Venue Sales: 5 Proven Strategies for Success

Revfine.com2024-06-17T15:41:25+02:00

In the highly competitive hospitality sector, venues must continually innovate to attract and retain clients. By adopting a strategic approach that caters to diverse client needs and streamlines operations, venues can enhance their market position and drive sales. This article delves into five effective strategies that incorporate industry insights, aiming to maximize your venue's potential. 1. Establish a Comprehensive Online

Maximize Your Venue Sales: 5 Proven Strategies for SuccessRevfine.com2024-06-17T15:41:25+02:00

6 Ways Revenue Management Systems Help Hoteliers Do More with Less

Revfine.com2024-06-17T15:42:02+02:00

Most independent hoteliers are used to juggling more with less dedicated resources, but effective revenue management—and the tools that enable it—should not be written off as exclusively a "big brand" or "large hotel" concern. What Is a Revenue Management System? Among the technologies typically used by hoteliers, revenue management systems (RMS) are uniquely positioned to have an outsized impact on

6 Ways Revenue Management Systems Help Hoteliers Do More with LessRevfine.com2024-06-17T15:42:02+02:00

How Integrated Payments Elevate Hotel Revenue and Efficiency

Revfine.com2024-06-17T15:42:24+02:00

For hoteliers, making payments effortless and secure is essential to maintaining a positive guest experience and operational efficiency. Integrated payment solutions connect your payment gateway to your other hospitality software, providing a frictionless transaction experience that helps hotels boost revenue and streamline operations. Integrated Vs. Non-Integrated Payment Solutions The differences between using an integrated payment solution and a non-integrated one

How Integrated Payments Elevate Hotel Revenue and EfficiencyRevfine.com2024-06-17T15:42:24+02:00

How Can Hotels use Micro-segmentation to its Full Potential?

Suzanne2024-06-25T10:11:15+02:00

Question for Our Revenue Management Expert Panel: How can hotels use micro-segmentation to its full potential? At what point does it become too "micro" to be valuable and what tips can you share for achieving success? (Question by Pablo Torres) Our Revenue Management Expert Panel Pablo Torres - Hotel Consultant Tanya Hadwick -

How Can Hotels use Micro-segmentation to its Full Potential?Suzanne2024-06-25T10:11:15+02:00

Five Rate Mistakes in Revenue Management and How You Can Solve Them

Revfine.com2024-06-03T14:22:35+02:00

Ask any hotel staffer not directly involved in revenue management about the daily tasks of a revenue manager, and they'll likely suggest it's all about 'setting' or 'raising rates.' While these activities are indeed crucial, they often eclipse the comprehensive analysis that underpins each pricing decision. Five Rate Mistakes in Revenue Management and How You Can Solve Them As a

Five Rate Mistakes in Revenue Management and How You Can Solve ThemRevfine.com2024-06-03T14:22:35+02:00

Should Sales Teams Receive Revenue Management Training?

Suzanne2024-06-13T12:20:56+02:00

Question for Our Revenue Management Expert Panel: Should Directors of Sales be trained in Revenue Management? How would it affect their understanding of Revenue Management complexities, their results & strategy? (Question by Connor Vanderholm) Our Revenue Management Expert Panel Connor Vanderholm - CEO, Topline Tanya Hadwick - Group Revenue & Yield Leader, SunSwept

Should Sales Teams Receive Revenue Management Training?Suzanne2024-06-13T12:20:56+02:00

Interview with CEO and Co-founder Ari Andricopoulos of RoomPriceGenie

Revfine.com2024-05-27T09:24:55+02:00

We're interviewing Ari Andricopoulos, the CEO and Co-founder of RoomPriceGenie. Ari developed automation that helps hoteliers determine the best pricing policy for any given moment. It's not just a flat number, either. But as an easy-to-understand analysis that both provides advice and explains the reasoning behind the decisions. Can you tell us a

Interview with CEO and Co-founder Ari Andricopoulos of RoomPriceGenieRevfine.com2024-05-27T09:24:55+02:00

4 Steps for Improving Meetings & Events Revenue Performance

Revfine.com2024-05-21T15:43:19+02:00

Revenue leaders across the globe devote a considerable amount of their efforts to driving room revenue performance. It’s an understandable decision, given that rooms are the obvious staple of any hotel operation and there are only so many hours in a day. 4 Steps for Improving Meetings & Events Revenue Performance With meetings and events (M&E) being responsible for nearly

4 Steps for Improving Meetings & Events Revenue PerformanceRevfine.com2024-05-21T15:43:19+02:00

Hotel Revenue Management

Optimizing revenue and growing your business

Revenue Management