Today's Revenue Management thought:-

As summer approaches and June draws near, hotels are entering their busiest season, brimming with revenue opportunities. This week, we will explore how cancellation policies can be strategically utilised to drive revenue.

Cancellation policies in hotels can be strategically utilized to drive revenue and enhance business operations. By carefully designing and implementing these policies, hotels can minimise losses, improve cash flow, and encourage direct bookings.

• Improved Cash Flow through Advance Payments: Requiring partial or full payment at the time of booking, especially for non-refundable rates, enhances cash flow and supports operational costs.

Have a profitable week !

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