hotel profitability

/Tag: hotel profitability

hotel profitability

How Hotel Design and Concept Development Can Benefit From Revenue Management Insights

Patrick Landman | April 30, 2019

By Patrick Landman Over the last few years we have gotten more and more involved in the businesses of our hotel clients. We have seen a clear difference in revenue and profitability in hotels where we got involved at project definition stage vs coming in at pre-opening. There are many key points that increase the revenue potential of a hotel or resort, which architects, designers and investors are overlooking. And we are not talking about pocket change. I estimate the upside by utilizing revenue management insights to be easily 10% to 25% in top line income. Just think about how much this would impact your bottom line profit. We have de...

Seeking Solutions to Increase Hotel Profitability

Jonathan Humphries | April 3, 2017

by Jonathan Humphries How has the hotel industry been faring in terms of revenue and profit management in recent years and what should hoteliers be doing to tackle the challenges they're facing, either from online travel agencies (OTAs) or rising wage and insurance costs? Those are some of the questions we posed at a hotel ROI breakout session at the International Hotel Investment Forum (IHIF) in Berlin earlier this month, with the aim of drawing out solutions from the panelists taking part. Recent trends show RevPAR (revenue per available room) has been on the rise despite terror attacks and the global financial crisis, while global gr...

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