How to do Revenue Management for Hotels?

25th Oct 2018

This video posted by Resort Income Optimization

When it comes to BOUTIQUE hotels the concepts of Yield Management and Revenue Management are similar, but they can be quite different for larger hotels, casinos, or golf resorts. Yield Management tends to focus only on booking volume and rates and filling up capacity for an expiring asset (rooms). Revenue Management is a bit broader and includes non-room revenue, such as food and beverage, gambling, and entertainment revenue. Revenue Management Software can be expensive, but we show you ways to forecast your Occupancy and ADR and compare to competitors (Compset), so that you can make informed decisions for your boutique hotel.

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