Category Archives: hotel revenue management

ADVANTAGES OF OUTSOURCING YOUR HOTEL’S REVENUE MANAGEMENT

hotel revenue manager outsource

More and more independent hotels are opting to work with revenue strategies with the clear objective of seeing their income increased significantly. For some time, the hotel chains already have this figure fully implemented and standardized in their organizational charts, but when we talk about small companies and independent hotels […]

How to reduce your cancellation rate

ratio_reservas_estrategias

Technology has come to speed up the reservation process and push it to make decisions impulsively and without prior meditation. But also, to facilitate the process of change, modification or even cancellation more easily and quickly than ever before. These processes, which were previously managed through third parties and in […]

THE KPIS KEY IN REVENUE MANAGEMENT AND HOW TO INTERPRET THEM

revenue-management-thinkin-kpis-claves

We know that there are several key indicators, also known as KPIs, fundamental on which the Revenue Management is based. KPIs are the indicators that help us assess whether we are meeting our objectives. It’s important to know your KPIs because the study of each of them helps us to […]

HOW TO SELECT THE RIGHT COMP SET FOR YOUR HOTEL

compset hotel

The Competitive Set, mostly known in the profession as the comp set, is the group of similar properties to our establishment and which, due to that, usually are the direct competitors of our hotel. First of all, we have to notice that they will not necessarily be the closest hotels, […]

Channels selection in hotel distribution, what should I know?

canales de distribucion hotelera

The selection and management of different distribution channels of a hotel is one of the most important factors in the strategic decision you have to make. Choosing the right channels will do us endow the product with value for the consumer and in addition, we will create a competitive advantage […]