Here's how you can boost revenue and profitability in the hospitality industry.

Keep an eye on similar hotels in terms of pricing, location, and amenities. Adjust your prices based on their deals and demand trends. Anticipate demand peaks by analyzing historical data (occupancy, rates, revenue). This helps you prepare for future fluctuations. Know Your Understand guest preferences and tailor offerings accordingly. Personalized service can enhance the guest experience.

Hotéis que aplicam os conceitos de revenue management, normalmente crescem suas receitas, porque diminuem os dias vagos, e conseguem melhores ganhos nos dias de alta demanda.

In my experience, yes you do all the standard revenue management things to boost revenue... but it's been stepping outside the industry norms that have made my team's in past so successful. It's a new kind of world now and we must be attractive to the newest generation of travellers. That will involve some kind of social media or tik Tok campaign or call to action. People are looking for experiences not just rooms. Don't be afraid to be different, do different things, offer different things, take it to the next level however you can and keeping it within a reasonable budget so you have a solid ROI.

To boost revenue and profitability in the hospitality industry, focus on enhancing the guest experience by offering personalized services and unique amenities that encourage repeat visits and positive reviews. Implement dynamic pricing strategies and optimize your booking channels to maximize occupancy rates and revenue per available room. Invest in staff training to ensure exceptional service and efficiency, leading to higher guest satisfaction and increased spending. Additionally, diversify your revenue streams by introducing new services, packages, or partnerships that attract different market segments and create additional income opportunities.

Quer aumentar os pre?os? Melhore seus produtos, diferencie-se. Em uma ocasi?o em um hotel que trabalhei, modificamos um andar inteiro, colocando itens de maior qualidade em cama e banho, e acrescentando itens como cafeteira e água cortesia. Com pequenas modifica??es, conseguimos aumentar o valor de venda dos quartos deste andar em quase 20%.

Um hotel tem muitos potenciais pontos de melhoria, quando falamos de tecnologia. Isto vai desde de melhorias no sistemas de reservas, que podem ficar mais rápidos e fáceis, até a experiência de uma internet mais rápida, de servi?os que podem ser solicitados remotamente, etc.

My best advice is get a solid PMS system and learn it inside and out. Figure out how to make it work best for you. For example, Our current system housekeeping center in our PM's allows for assigning housekeepers. I have instead set up service levels in place of that standard setup so my team can divide and conquer the work load. Front desk has a better handle managing the rooms completed remotely and know in real time what is rentable and what isn't. A PMS system with billing and accounts receivable capabilities all in one place will save an enormous amount of data entry time.

100 percent agree, if the team of associates at your business are all empowered to make decisions and have an easy check list of processes to follow; guests will benefit and profit will grow; as a result. It is imperative that all the individual associates are working as one team with a common purpose.

Um hotel é na essencia um servi?o. Depende de pessoas. Por isto, o treinamento do time é algo essencial para quem quiser melhorar os servi?os e aumentar a rentabilidade.

Combinado com o revenue manager, o marketing de um hotel tem em m?os a busca do cliente ideal, que vai se hospedar no momento ideal, pagando o pre?o ideal. Com o cruzamento de dados proveniente das ferramentas de inteligencia de RM e de marketing, o hoteleiro moderno consegue fazer um marketing mais assertivo.

Encourage your staff to take ownership in getting reviews from guests and give them the tools to do so. Have staff competitions for organic reviews with an appropriate incentive to solicited participation in order to obtain more on a monthly basis. As leadership, I firmly believe in replying to all reviews with flared personality instead of the standard responses. I often find after a particularly brutal review, a guest isn't expecting a personal reply and often apologize. By opening the dialog and listening you can create even the most loyal return guest from the worst review. The way you respond to those reviews and conduct yourself and in turn teaching the next level of leadership response expectations.