In the modern era of online booking, the hospitality industry has seen a significant shift towards technology adoption to automate operations and improve efficiency. One such technology that has gained immense popularity among hoteliers is a hotel channel manager system. It is software that simplifies the distribution of hotel room inventory and rates across multiple online […]
In today's highly competitive hospitality industry, revenue management has become a critical aspect of maximizing profits for accommodation owners. Revenue management is the art of strategically setting prices and controlling inventory to increase revenue and profits. It involves analyzing market trends, consumer behaviour, and competitor pricing strategies to optimize pricing and inventory management. This article […]
Running a hotel business is no easy feat. There are countless things to keep track of, from guest bookings to housekeeping schedules to financial records. A property management system (PMS) can help streamline all these tasks and more, making it an essential tool for any hotel looking to maximize efficiency and profits. What is […]
Maximizing revenue is critical to the success of any business, and the hospitality industry is no exception. The concept of revenue management is all about strategically pricing products and services to optimize revenue, and revenue management software has become an essential tool in achieving this objective. However, using this software can be complicated, and mistakes […]
Revenue management in the hotel industry is an exceptionally complicated machine. It is in motion all the time, needing routine maintenance and occasional replacement of parts. Though the operation of the machine might seem overwhelming, particularly to novices in the space of revenue management of hotels, knowing how and why each piece functions bodes for […]
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