Hospitality Revenue Management is a complex discipline and practice – one that is still rapidly evolving. It involves big data processing, demand forecasting techniques, pricing optimization models and advanced technology platforms. For hotel operators and corporate … [Read more...] about The 2015 Smart Decision Guide to Hospitality Revenue Management
Archives for July 2015
The U.S. hotel industry reported positive results in the three key performance metrics during June 2015, according to data from STR, Inc. In year-over-year results, the U.S. hotel industry’s occupancy was up 2.1 percent to 73.1 percent; its average daily rate rose 5.0 … [Read more...] about STR: US Hotel Performance – June 2015
The boutique hotel movement, which began its rise stateside in the 1980s, has not only proven it's staying power, it's show tremendous leaps in popularity over the ensuing decades. Now, the boutique hotel is mainstream. While that proves the boutique hotel concept is … [Read more...] about What Does The Future Hold for Boutique Hotels?
Because hotel rooms are perishable goods with a shelf life of one day, it’s important for hoteliers to maximize their value. The clearer the picture you have of upcoming demand, the better you can prepare accordingly in many phases of operation, from staffing to marketing to … [Read more...] about 8 Steps to Improving Hotel Demand Forecasts An Accurate Forecast Is the First Step to Better Pricing and More Profitability
Ever notice how you each time you check the price of an upcoming airline ticket it’s different? Airlines have been using supply and demand data to optimize their pricing for years. That’s revenue management at work—a practice the airline industry began ahead of many … [Read more...] about Stop Guessing and Start Profiting: A Beginner’s Guide to Hotel Revenue Management
It’s been 25 years since Congress passed the Americans with Disabilities Act (ADA), guaranteeing basic rights for people with disabilities, including full and equal access to your property and services. While many ADA requirements are related to physical accessibility, in … [Read more...] about When a dog is not a pet: Five things you should know about service animals.
Besides their massive global resources, online travel agencies (OTAs) rely on a potent and lethal asset to rein in millions of bookings each year: A powerhouse of stealth and strategic marketing tactics that push people to whip out their credit cards and book. by Dave … [Read more...] about Copy These 2 Subtle OTA Booking Secrets
SOME PEOPLE ARE calling it Mobilegeddon. That’s a bit of a stretch. But for the Google search engine—something that’s such big part of our daily lives—it’s likely the biggest change of the past three years. And it’s reminder of the wonderfully magnanimous yet deeply selfish … [Read more...] about Google’s Search Update Will Remake the Web in Its Own Image
WASHINGTON-BASED professional service providers with clients located outside the state are likely aware by now that significant changes were made to the state’s business and occupation (B&O) tax apportionment rules in 2010. Under these revised rules, B&O tax on … [Read more...] about Washington’s B&O Tax Apportionment