Today's Revenue Management thought:-

Why hotels need all revenue, not just lodging revenue

Hotels need all revenue, not just lodging revenue, in order to remain profitable.

Hotels not only generate income from guests staying in their rooms, but they also make money from food and beverage, event and meeting space rentals, spa services, and other amenities.

All of these revenue streams contribute to the overall profitability of your hotel, and without them you are not maximising your revenue potential.

You also need to consider your operating costs and expenses, and having multiple revenue streams helps to offset those costs and keep the business profitable.

Have a profitable week.

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