Since the early days revenue management has been applied in hotels, there has been an intriguing ongoing discussion. What drives more value to the business, ADR, average daily rate, or occupancy? I have been in hotel revenue management consulting since 2006, and it is a question that keeps coming back. ‘How can I make more profit with my hotel?’ Owners that are closely watching the P&L statement are especially keen to understand how they can drive the bottom line of their hospitality business. Article Summary: Which is it? Occupancy or ADR? Hotel Room Profit The Real Question Theory Vs ..read more

What is hotel management, you might ask? And that’s a really good question. The hotel industry is broad and complex, with many stakeholders involved. Did you, for example, know hotels are not just managed by one party but typically have many different players involved in operating the hotel? This is just one of the many important things discussed in this article. As a hotel management company, we hope this article will help you with the basic concept of hotel management to explore different hotel positions and everything in between. We want to make sure you get the complete picture of what ..read more

What is hotel management, you might ask? And that’s a really good question. The hotel industry is broad and complex, with many stakeholders involved. Did you, for example, know hotels are not just managed by one party but typically have many different players involved in operating the hotel? This is just one of the many important things discussed in this article. As a hotel management company, we hope this article will help you with the basic concept of hotel management to explore different hotel positions and everything in between. We want to make sure you get the complete picture of what t ..read more

Whether you’re a senior hotelier or an entrepreneur in the hospitality sector, understanding what a hotel management company does is essential to thriving in today’s competitive hospitality landscape. Running a successful hotel demands not only a passion for exceptional guest experiences but also a deep understanding of numerous intricacies to ensure revenue management, finance, marketing, and operations all keep running perfectly. Let’s uncover the invaluable support that is offered and explore why this collaboration has emerged as a strategic necessity. Article Summary:  What Do Hot ..read more

Whether you’re a senior hotelier or an entrepreneur in the hospitality sector, understanding what a hotel management company does is essential to thriving in today’s competitive hospitality landscape. Running a successful hotel demands not only a passion for exceptional guest experiences but also a deep understanding of numerous intricacies to ensure revenue management, finance, marketing, and operations all keep running perfectly. Let’s uncover the invaluable support that is offered and explore why this collaboration has emerged as a strategic necessity. Article Summary:  What Do Hot ..read more

Inflation, labour issues, and rising cost to meet the needs of an increasingly tech-savvy and sophisticated guest journey. Is there anything more pressing on the minds of hoteliers, preventing them from having sleepless nights thinking about how to bring down their hotel`s cost and keep their business afloat? With an ever-increasing amount of cost-associated challenges in our industry, this topic couldn’t have been addressed at a better time. From our perspective as a hotel management company, we see both challenges as well as opportunities for hoteliers. The key is taking action in an adeq ..read more

No time to lose, next year is almost here. And a good plan isn’t made overnight. How far are you with your targets, budget, and plan of attack for next year? What REVPAR and GOPPAR do you need to achieve? Is your plan for next year complete, and does it describe all actions in detail? Does everyone on the team know what the objectives are and which steps to take to get there? Did you make your new hotel budget already or are you right in the middle? What methodology are you using? Are you simply adding a 3% to 5% each month based on last year’s performance? Or are you really putting your teet ..read more

Today’s traveler’s journey is more fragmented than ever. With the recent proliferation of new travel super apps, distribution Goliaths such as Google and Expedia updating their ranking algorithms at a frantic pace, and the seemingly unstoppable growth of metasearch engine traffic, building and executing an effective hotel marketing strategy can seem intimidating. Maintaining a holistic, cross-channel approach is essential and always is highly-recommended by our hotel management company. The primary goal of a robust hotel marketing plan, in fact, is to increase your brand visibility (and t ..read more

In 2022, there are many challenges faced by the hotel industry, which may quickly feel overwhelming to address. However, as a hotel management company, we have seen that with the right approach, tech stack, and process streamlining, hotels can drive their success in 2022 and beyond. Article summary: Experience & Personalization Hiring the Right Employees Continuously Changing Consumer Demands and Markets Missing the Marketing Boat Tech stack Marketing Funnel Market Research Rising operational costs Protecting Direct Business Website investment Advertising Measure & track perf ..read more

The concept of the hotel has existed for hundreds of years. Since the days of stagecoaches, overland exploration and urban growth, entrepreneurs around the world have dived into hotel ownership. They sensed the potential, economic opportunity, purpose, growing markets and prestige. In the modern hospitality industry, not too much has changed. So what are the reasons for hotel investment?Let´s take a look from our perspective as a hotel management company. In this article: Financial Reasons Economic Gain Risk vs High Returns Tax Efficiency Leveraging Cost Control Value-add Possibilitie ..read more