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:-
I see revenue management as a proactive mindset that shapes how you drive growth and profitability. This week I will highlight five key questions a hospitality revenue manager should ask themselves at the beginning of each week:
What adjustments do I need to make to optimise this weekās demand?
Consider pricing updates, promotional offers, or changes to inventory allocations based on forecasted demand and market conditions.
Have a profitable week.
āš¼
Today's Revenue Management thought:-
I see revenue management as a proactive mindset that shapes how you drive growth and profitability. This week I will highlight five key questions a hospitality revenue manager should ask themselves at the beginning of each week:
What trends or shifts did I notice in last weekās performance?
Analyse occupancy, ADR, RevPAR, and booking patterns. Are there unexpected changes or opportunities that need immediate attention?
Have a profitable week.
āš¼
Today's Revenue Management thought:-
Revenue isnāt just about numbersāitās a proactive mindset that transforms the way you approach your hotelās growth and profitability. This week Iāll provide a few provoking thoughts on the matter.
Build RelationshipsāLoyalty Drives Long-Term Success
Loyal guests arenāt just repeat visitors; theyāre advocates for your brand. I believe that fostering these relationships through personal touches and consistent excellence is the foundation of sustainable success.
Have a profitable week.
āš¼
Today's Revenue Management thought:-
Revenue isnāt just about numbersāitās a proactive mindset that transforms the way you approach your hotelās growth and profitability. This week Iāll provide a few provoking thoughts on the matter.
Revenue Is ProactiveāCreativity, Ownership, and Shaping Your Future
Revenue is more than numbers; itās about taking ownership of your strategy and shaping the future you envision for your hotel. To me, itās a lifestyleāa way of thinking that combines creativity, market knowledge, and an unwavering focus on demand generation.
Have a profitable week.
āš¼
Today's Revenue Management thought:-
Revenue isnāt just about numbersāitās a proactive mindset that transforms the way you approach your hotelās growth and profitability. This week Iāll provide a few provoking thoughts on the matter.
Be UnforgettableāGuests Book Experiences, Not Just Rooms
Iāve seen time and again how focusing on memorable guest experiences transforms hotels. Itās not about the roomāitās about the moments, the details, and the emotional connections that make guests eager to return.
Have a profitable week.
āš¼
Today's Revenue Management thought:-
Revenue isnāt just about numbersāitās a proactive mindset that transforms the way you approach your hotelās growth and profitability. This week Iāll provide a few provoking thoughts on the matter.
Stop Relying on OTAsāTake Control of Your Hotelās Story
I believe the over reliance on OTAs is one of the greatest obstacles to a hotelās growth. By owning your story and crafting a compelling direct booking experience, you not only drive profitability but also create a deeper connection with your guestsāone that no third party can replicate.
Have a profitable week.
āš¼
Today's Revenue Management thought:-
Revenue isnāt just about numbersāitās a proactive mindset that transforms the way you approach your hotelās growth and profitability. This week Iāll provide a few provoking thoughts on the matter.
Challenge Market NormsāStand Firm and Showcase Your Value
In my experience, the most successful hotels are the ones unafraid to challenge the status quo. By holding firm or even raising rates, you send a clear message about your value and position your property as an experience worth paying forānot just another room.
Have a profitable week.
āš¼
Today's Revenue Management thought:-
As a new year begins, hospitality revenue managers have a unique opportunity to reflect, recalibrate, and strategise for the months ahead, starting by asking themselves some critical questions.
How can I strengthen relationships with key stakeholders?
Identify strategies to collaborate more effectively with sales, marketing, and operations teams. How can you ensure that revenue goals are communicated and supported across the organisation?
Have a profitable week.
āš¼
Today's Revenue Management thought:-
As a new year begins, hospitality revenue managers have a unique opportunity to reflect, recalibrate, and strategise for the months ahead, starting by asking themselves some critical questions.
What are my competitors doing differently?
Conduct a competitive analysis to identify how your comp set has evolved their rates, packages, or distribution strategies. What gaps or opportunities exist to differentiate your property?
Have a profitable week.
āš¼
Today's Revenue Management thought:-
As a new year begins, hospitality revenue managers have a unique opportunity to reflect, recalibrate, and strategise for the months ahead, starting by asking themselves some critical questions.
Am I leveraging the right technology and tools?
Assess your revenue management system (RMS), channel managers, and analytics platforms. Are they providing actionable insights and efficiency, or is it time to explore alternatives?
Have a profitable week.
āš¼