RevOptimum Blog

After the lowest couple of years in the history of the hotel and travel industries, 2022 gave hotels rejuvenation. However, the craze from pent-up demand will only go on for a short while. Looking ahead to 2023, hoteliers and revenue managers must watch for the major trends in hotel travel coming in the new year. Read this article for 4 tips any hotelier should take with them into 2023.

For independent hotels, Remote Revenue Management is outsourcing a revenue specialist or a revenue management group that can mitigate the hotelier from various issues associated with everyday operations, including the implementation of revenue management strategies and developments to improve and maximize the hotel revenues—enabling the hotelier to enhance the guest experience and quality of service.

The Hospitality Industry continues to grow vastly year after year. The Hotel Revenue Management field and RMS (Revenue Management System) technology remain on the ascent to help hotel companies attain their market share. Now, independent hoteliers are focusing on new revenue strategies, revenue streams, and elasticity.

Independent hotels do not have the significant global resources of hotel chains when building classic guest loyalty programs. But independent hoteliers are driving progress and finding innovative ways to reward loyal guests and guests who book direct. Learn about the five tips to build big-brand loyalty without necessarily being a "big-brand" hotel (with a BONUS tip!).

As the global happenings are surprisingly increasing the hotel industry's performance, hoteliers face more challenges to attract guests and opportunities to gain new clients. Positioning a hotel in a highly competitive trend today requires active involvement in the business to rise. What should your hotel be doing now to beat the competition and gain permanent revenue growth? Mia Frothingham, a Harvard graduate and hotel tech-savvy; Co-Founder and CMO of RevOptimum – a Hotel Revenue Growth Company, offers the following strategies to get your hotel moving towards revenue improvement.

To be competitive and profitable in the hotel industry, hoteliers need to adopt a forward-thinking mentality to achieve substantial revenue growth. Hotel owners can accomplish this by optimizing every booking by positioning their hotel business to rise ahead. What can your hotel be doing now to boost every reservation and achieve revenue growth while setting the foundation for a stable and lucrative hotel business revenue?

The travel theme in 2022 is Go Big, Spend Big - especially this summer. With COVID cases ebbing, travel and hotel industries across the globe are looking for a significant rebound this summer. In fact, it seems that summer 2022 will be the busiest travel season ever! Is your property ready?

One of the biggest disruptors in hotel revenue increase today is the lack of affordable customized revenue management solutions and cost-effective revenue technological tools for hotels with restricted budgets. Additionally, the post-pandemic conditions have forced some independent hotels of all types and sizes to reduce budgets and struggle to find essential staffing, affecting their revenues. Large hotel chains and beach hotel properties are gaining momentum and attaining significant incomes due to the current high traveling demand. Other hotel properties struggle to find robust revenue solutions and automated tools to create a more substantial and sustainable hotel business.

With the influx of technology and an array of RMS systems, everyone is going heavily digital nowadays. However, if you don't have RMS, that is no problem. The experts at RevOptimum don't do the technical side with some of our clients because these hoteliers find that they don't need or want to buy expensive software.

2021 is almost over; it is time for a new chapter for hotels worldwide. It is safe to say that everyone in the hospitality industry is incredibly hopeful that 2022 will bring a much-needed and much-awaited travel rebound.