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    Hotel Revenue Management

    How to Maximize from the New Age of Bleisure

    There is a new age of work-life. A hybrid that is growing in popularity as boundaries begin to blur. Bleisure is quite obviously the combination of business and leisure and refers to combining professional business travel with personal leisure time.  Before the pandemic, we heard and saw the digital nomad writing a blog post on a beach or a manager checking their emails on a ski lift. These business travelers usually tried to enjoy the weekend off somewhere they visited for a conference or work. With this new scenario, technology has blurred the barriers between work and play, professional and personal, career and downtime. 
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    Hotel Revenue Management

    The Importance of Expert and Personalized Revenue Management

    For independent properties, revenue management has always been the least understood part of operations. Most hoteliers accept that decent revenue management strategies can boost occupancy; however, they don't consider it crucial to their hotel's success. On top of this, because of independent's strict budgets, hotel owners and general managers stick to a basic, cheap, and frankly unfruitful revenue management service or a trainee who doesn't know the in-depth strategies for maximum profit.
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    Hotel Revenue Management

    4 Steps to Earning More Revenue Without Raising Hotel Room Rates

    For those operating in the hotel industry, to hoteliers and general managers, maximizing revenue is a top priority. However, achieving this goal requires the optimal pricing strategy at the right time. Thus, pricing plays a critical role in the hyper-competitive industry that is hotel and travel.
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    Hotel Revenue Management

    5 Advantages of Staying Independent vs. Converting into a Brand Hotel

    The competitive hotel market is driving revenues for the large brands due to their high budgets to attract guests. Small hotel chains and independent hotel brands are becoming concerned about their position in the aggressive marketplace and determine to convert to a branded hotel chain.
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    Hotel Revenue Management

    Increase Revenues Without Hotel Revenue Management Software

    Independent hoteliers with no budgets for expensive digital hotel revenue systems can now compete with large hotel chains. Independent revenue management companies can help independents ramp up profit without the need of purchasing an expensive revenue management software.
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    Hotel Revenue Management

    Are You Using Your Property Management System to Its Full Capacity?

    Your property management system (PMS) is the beating heart of your hotel operation. When it’s set up correctly, it can lift work off your team, organize tasks, improve the guest experience, and propel revenue gains. 
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    Hotel Revenue Management

    Rate vs. Occupancy: What’s the Perfect Formula for a Revenue Increase?

    It’s an age-old debate: Should your hotel revenue strategy focus on rate or occupancy? Hotel owners and general managers have long argued about if it’s better to focus on reaching more visitors or on bringing in more revenue from visitors they’re already attracting.
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    Hotel Revenue Management

    7 Immediate Reasons Why You Need to Revamp Your Hotel Revenue Strategy

    How sound is your hotel revenue strategy? If you’re like most hoteliers, you’re too busy to constantly revise and improve your revenue strategy. Unfortunately, a stale revenue strategy can leave your hotel missing out on massive revenue opportunities. 
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    Hotel Revenue Management

    5 Benefits of Partnering with a Remote Revenue Manager

    With COVID-19 steamrolling the hotel industry, most hoteliers are scrambling to regain their financial footing. The chaos may have left you in a panic. Luckily, there’s an untapped resource that many hoteliers are now turning to in order to breathe easier, lift revenue, and pave a path towards higher profits: remote revenue management. 
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    Hotel Revenue Management

    Ways to Improve Your Hotel’s Revenue Management: Think RevPar!

    Revenue is the fuel pumping through your hotel operation’s financial engine. The higher your revenue per available room (RevPAR) is, the more resources you have to drive your hotel toward higher profit. However, that hotel revenue engine needs to be fine-tuned if you want it to carry your hotel to financial success. 
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