Hotel Revenue Management Strategies & Tips

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

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

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

The Power of Lean Revenue Management; Sophisticated But Not Complex

Revfine.com2023-12-06T16:15:08+01:00

The global pandemic has sped up a trend in revenue operations (RevOps) throughout the business world. Forrester recently published a study that found that many companies are moving towards more centralized RevOps. They’ve understood that revenue is more than an outcome and instead of a result of a business process where commercial teams come together to achieve their goals. Comprehensive

The Power of Lean Revenue Management; Sophisticated But Not ComplexRevfine.com2023-12-06T16:15:08+01:00

How Upselling Provides Low-Cost Revenue and Loyal Customers

Revfine.com2023-12-06T16:19:32+01:00

All kinds of businesses use upselling to enhance their customer experience and maximize revenue on existing sales. From the McDonald’s server asking, “Do you want fries with that?”, to airlines offering seat upgrades. Upselling provides the opportunity to maximize the value of every customer. Not all upselling efforts are well-received — particularly efforts driven by the sole desire to make

How Upselling Provides Low-Cost Revenue and Loyal CustomersRevfine.com2023-12-06T16:19:32+01:00

How Can Hoteliers Adjust Their Revenue Strategy Due to COVID Restrictions?

Suzanne2023-12-06T16:30:25+01:00

Question for Our Revenue Management Expert Panel: Amid changing travel guidelines and restrictions, flexibility has become essential for travellers. How are you addressing this? How has your revenue management strategy adapted to meet those needs? Our Revenue Management Expert Panel Pablo Torres - Hotel Consultant, TSA Solutions Dian Tristyanti - Revenue Management Professional

How Can Hoteliers Adjust Their Revenue Strategy Due to COVID Restrictions?Suzanne2023-12-06T16:30:25+01:00

Tips to Simplify Your Revenue Strategy With Analytics & Automation in 2021

Revfine.com2023-12-06T16:32:48+01:00

As a revenue manager, analytics and automation probably aren’t new to you. But recent developments in tech, like predictive analytics, forward-looking data and live insights, take revenue management to a whole new level. Especially in the looming recovery phase, these capabilities can drastically increase your chances of success even with unpredictable markets. Leaving Historical Data Behind Before Covid-19, your historical

Tips to Simplify Your Revenue Strategy With Analytics & Automation in 2021Revfine.com2023-12-06T16:32:48+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

How Hotels Can Combine Revenue Management and CRO?

Revfine.com2023-12-08T13:10:06+01:00

One of the best and most common definitions of Revenue Management is “Selling the Right Room to the Right Client at the Right Moment at the Right Price in the Right Distribution Channel with the best commission efficiency”. Both Revenue Management and Conversion Rate Optimization (CRO) are data-driven, but they are slightly different. In this article, you can learn about

How Hotels Can Combine Revenue Management and CRO?Revfine.com2023-12-08T13:10:06+01:00

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