The average profit margin in the hotel industry is a measure of the amount of net money the business is making after taking out all the expenses.
The average profit margin in the hotel industry is a measure of the amount of net money the business is making after taking out all the expenses.
The concept of revenue management should widely be taught to hotel staff and managers so that they can take the relevant steps to increase profitability.
Dive deeper into strategies for selling hotel rooms to corporate clients. Learn about crafting irresistible packages, building relationships, attracting corporate events, and leveraging technology for success.
If you want to sell hotel reservations online, it is crucial to leverage technology in your hotel operations and management to make a strong web presence and do effective marketing.
As the new year approaches, hotel revenue managers worldwide are gearing up for another year of maximizing profits in an increasingly complex digital landscape. With the rise of OTAs and meta-search engines, one of the biggest challenges we face is tackling rate parity issues that restrict our ability to stay competitive. Maintaining consistent room rates […]
Looking to maximize your hotel's profit? Discover revenue-generating solutions and expert advice for hotel owners in the competitive hospitality industry.
Looking for hotel revenue solutions to up your hospitality business? Get your hands on these strategies to make big bucks from your hotel.
There are several expenses of a hotel business. Although many of them cannot be eliminated, you can handle them in a constructive way using the following strategies.
The revenue generating principles of hotels include promoting the business using online avenues and technologies to maximize profits.
Learn expert tips from a revenue-generating specialist on how to maximize your hotel's profit and boost your business. Explore innovative ideas and practical solutions for hotel managers and owners.