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External events can and do have a major impact on hotel operations and while sometimes it can be hard to predict what might come next, Read More
Hospitality Financial Leadership – What Do You Do When the Reservation Phone Stops Ringing in Your Hotel?
An old GM of mine was fond of this statement. He usually came at it from the other end of this by saying, “Any monkey could Read More
Revenue per available room (RevPAR) has long been the hotel industry’s key benchmarking metric. Its success as a key performance indicator (KPI) is primarily the Read More
It is only few days and 2020 is approaching us, everyone in the industry might be busy for closing 2019 successfully and plan ahead for Read More
Your property bottom line is defined and measured for success if you as the property revenue manager implement a good revenue management strategy with the help Read More
Can GOP PAR be an alternative to widely used REV PAR for hotel performance? Advantages and disadvantages Analysis.
Long-time ago for hotel industry performance analysis, there are two simple traditional indicators were used: ADR (average room rate) and the percentage of occupancy. Then with Read More
Revenue Management (RM) professionals have been talking about ‘Total Hotel RM’ (THRM) for well over a decade. In 2010, THRM was predicted to be implemented Read More
In April 2013 I wrote an article for Hospitality Upgrade magazine about Total Revenue Management. My premise was that by the year 2020 the industry Read More
Revenue Management is a set of optimal strategies that are aimed to yield the highest potential revenues and profits for capacity-constrained and perishable assets (hotel/hostel Read More