The RevPAR Formula The RevPAR formula in 4 easy steps Here is a quick overview of the RevPAR formula and to calculate revenue earned per room. Below we give a couple of helpful examples as well in working out the revenue earned per room per day for a hotel. Calculate revenue earned per room per […]
Photo by Jerry Kiesewetter on Unsplash The Best Hotel Revenue Management Solutions do these 7 Things . . . We had a discussion in the office over coffee to figure out what our Next Gen Opti team thought the things that world class hotel revenue management solutions, must, and we mean MUST do for you. […]
Top 5 Hotel Trends for 2018! One of the hottest trends of 2017, delivery drones, is delivering you this year’s hot tips and trends from us. With Brexit on the horizon in Europe, Trump in power in the USA and North Korea testing their Nuclear capabilities in North East Asia, we know this will be […]
A.I. powered price optimisation in hotel revenue management is a route to competitive advantage Ever since students studied Michael Porter competitive advantage as a pathway to organisational success, academia, students and most importantly businesses have attempted to understand his theory and put it into practice. We look at the challenges that hospitality managers face on […]
Eco-friendly hotels are trending now! The world is becoming eco-friendly and becoming an eco-friendly hotel has a number of great benefits! By becoming an eco-friendly hotel your business can stay outstrip the competition, attract more customers, help the environment and even better, save you money! Green hotels are now becoming more and more common- but […]
Making the most of guest ‘touch points’ – 9 Top Tips to increase Hotel Revenue! The aim of any hotel revenue management team is to increase hotel revenue and of course there are various ways you can achieve this. Part 1 of this series explored increasing hotel revenue using pricing. Part 2 is all […]
If you are a hotel manager or in charge of sales at a hotel, you may be in a position where despite having several add-ons available to your guests, no one appears to be buying them. Having years of experience with the hospitality business and worked with numerous different hotels over the past few years, […]
Managing Pricing Better –Top 10 Tips! You are not alone if your hotel does not have a full time revenue manager. Many hotel managers are responsible for revenue management but struggle to find the time to commit to this role as they have so many other responsibilities as well. Here are some helpful tips to help […]
