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Hotel Magazine

Hotel Magazine2020-07-08T20:21:49+02:00

5 Strategies to Increase TrevPAR at Your Hotel

From ADR to RevPAR and GOPPAR, lodging operators must track many metrics to assess business performance and make strategic decisions. One of the most powerful but overlooked measures of success for hotels today is TRevPAR, or total revenue per available room. Here we discuss what TRevPAR is and how to increase it at your property. The Rising Importance of Measuring Total Revenue Performance Unlike RevPAR, TRevPAR measures total hotel revenue, not just room revenue. It

5 Ways to Increase Revenue With a Hospitality CRM

If there is something that people working in marketing in hospitality is talking about is the power of a CRM system. But why has it become so important? Today, the challenges of hotel marketing are increasing consistently. People demand more personalization, better reach, multi-channel approaches, etc. And if you are not meeting these requirements, the numbers will show it.  The Benefits of CRM Software One of the main points that accommodation providers must consider is how

How To Increase Hotel Revenue With Easy Pre-Authorizations

While hoteliers know about credit card pre-authorization, many don't incorporate it into their reservation policies. Or, if they do, they leave it up to OTAs. Either way, ignoring the impact of well-managed pre-authorizations on your hotel's revenue is a mistake. Flexibility for Guests and Guarantees for Hoteliers Pre-authorizations are a temporary hold of a specified monetary amount made on a guest's credit card when they book. Some guests misunderstand them and think they're a charge,

How Can a Chatbot Increase Your Direct Bookings?

Hotels often prioritize direct bookings because they result in wider profit margins and greater overall control. Therefore, many hotel owners are keen to explore new ways to encourage guests to book directly, and chatbots are emerging as one of the best options. In this article, you will find out how a chatbot can increase your direct bookings. The Importance of Direct Bookings Hotels try to encourage as many direct bookings as possible to optimize financial

Hotel Management: Everything You Need to Know About Managing a Hotel

If you have ever dreamed of working in the hotel management industry, you should know that this type of job comes with many exciting and even challenging opportunities. To manage a hotel successfully, you will need certain skills and managerial knowledge. In this article, get detailed information on how to

Hotel Maintenance Tips to Optimize & Increase Profitability

Hotel maintenance staff have a crucial role to play in the success of a property because they are responsible for ensuring technology, equipment, and facilities are in full working order and for fixing problems when they arise. In this hotel maintenance guide, you can access tips to optimize your maintenance

10 Best Hotel Loyalty Programs to Turn Visitors into Loyal Guests

Hotel loyalty programs provide guests with not just benefits and rewards but a tailored experience that fits like a glove. Properties leverage these programs to build up both brand and loyalty among guests to ensure return visits. The fact that both parties benefit makes loyalty programs one of the best

How Can Hotel Local Partnerships Drive More Bookings

Hotels drive more bookings from local partnerships by turning nearby businesses, employers, venues, and attractions into formal referral and distribution channels. A hotel local partnership is a commercial arrangement in which a local organization sends guests to your property in exchange for reciprocal value. Managed as a real channel, it

Biggest Hotel Learnings in Guest Communication due to Covid

Question for Our Hotel Marketing Expert Panel What has been your biggest learning in guest communication over the past 12 months? Our Marketing Expert Panel Colleen Buckley - Hospitality Marketing Executive Reshan Jayamanne - Digital Marketing & Sales Strategist, Bnb Optimized Nicolas Lajambe

Hotel Labor Cost Management Without Cutting Service Quality

Hotel labor cost management is the discipline of controlling payroll, the largest expense on a hotel P&L, by matching staffing hours to demand, raising productivity, and reducing turnover. It has become important now because wages keep climbing while rate growth has flattened, so every unmanaged labor hour comes directly out

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