Insights & Strategies for Independent Hoteliers.
Todayās Revenue Management Thought - ran for 4 years
Now I publish Monday Revenue Rethink each Monday
5 Revenue Management Mistakes
Costing You Money
Dynamic Pricing Myths
Holding Your Hotel Back
How to Compete with OTAs
Without Losing Margin
The Power of a
Balanced Channel Mix
Today's Revenue Management thought:-
Machines can optimise prices, but only people can optimise the art of hospitality.
Have a profitable week !
āš¼
Today's Revenue Management thought:-
Data reveals the numbers, but itās the human touch that turns those numbers into unforgettable guest experiences.
Have a profitable week !
āš¼
Today's Revenue Management thought:-
Algorithms can calculate demand, but only a human can anticipate desire.
Have a profitable week !
āš¼
Today's Revenue Management thought:-
Itās Friday - time to contemplate.
As we fine-tune our strategies and push our tools to the limit, we canāt help but wonderāare we ahead of the game, or have we just become so efficient that the gameās still catching up to us ?
Have a profitable week.
āš¼
Today's Revenue Management thought:-
Achieving Full Utilisation ā Itās About More Than Just Occupancy
You know the drill: filling rooms isnāt the end goal, maximizing their value is. Achieving full utilization means leveraging your revenue management tools to their fullest capacityānot just to fill rooms, but to ensure you're capturing the highest possible value per booking. Whether itās managing length-of-stay restrictions, applying the right segmentation strategies, or adjusting on-the-fly to changing demand, it's about making every room count.
By staying data-driven, you can confidently balance occupancy and rate, knowing youāre always optimizing for both. The real game-changer? These tools give you the ability to stay agile and maintain control, positioning you to stay ahead no matter what the market throws your way.
Have a profitable week !
āš¼
Today's Revenue Management thought:-
Optimising Your Distribution Strategy for Maximum Impact
Managing distribution channels is second nature to you, but are you really leveraging them for maximum impact? The key lies in striking the perfect balance between direct and third-party bookings, while maintaining rate parity and inventory control. This is where fine-tuning your distribution strategy can pay offāusing your channel manager to strategically open and close availability based on real-time insights, maximizing visibility where it counts.
It's not just about reaching guestsāit's about reaching the right guests, at the right time, on the right platform. A well-orchestrated distribution strategy will elevate your propertyās presence, ensuring you're consistently capturing the best opportunities across all channels.
Have a profitable week !
āš¼
Today's Revenue Management thought:-
Using Revenue Management to Sharpen Your Competitive Edge
Revenue management tools aren't new to you, but are you using them to their full potential? The real edge comes from going beyond automated rate changesāit's about fine-tuning your strategy to reflect not just market conditions, but your specific business goals. Are you maximizing ADR while maintaining occupancy? Are you adjusting to peak times and lower-demand periods with precision?
These tools allow you to refine your approach, ensuring that every pricing decision is not just reactive but strategic. Use them to identify trends, pinpoint high-performing segments, and outperform competitors with a thoughtful, data-driven pricing strategy.
Have a profitable week !
āš¼
Today's Revenue Management thought:-
Staying "Ahead of the Game" in Hospitality ā Why It Still Matters
Even if you're familiar with the ins and outs of revenue management and distribution tools, staying ahead of the curve is more crucial than ever. With shifting market conditions and guest preferences becoming more complex, the tools themselves arenāt enoughāyou need to constantly refine how you use them. By leveraging data to anticipate demand and quickly adapt, you're not just reacting to the market but driving it.
The real power lies in combining your expertise with the flexibility and precision these tools offer, ensuring youāre capturing every opportunity. It's about staying sharp, making smarter decisions, and ensuring you're not just keeping up but leading the way.
Have a profitable week !
āš¼
Today's Revenue Management thought:-
Itās Friday - time to contemplate.
And remember, if all else fails, at least your budget is guaranteed to look great on paper !ā¦ā¦. or will itā¦ā¦..
Have a profitable week.
āš¼
Today's Revenue Management thought:-
The Power of Reflection in Budgeting
Now that you've analysed mistakes, evaluated pricing strategies, and looked beyond raw data, it's time to put it all together. Budgeting is more than a taskāit's a strategy. By reflecting on the past and preparing for the future, you're positioning your hotel to not just survive but thrive.
This process is an investment in your hotel's future. Each step you take, from reviewing past mistakes to fine-tuning your approach, brings you closer to achieving your goals. With the right mindset, this yearās budget will be a blueprint for success.
Have a profitable week !
āš¼