Overview

The ebook 5 Revenue Management Tips for Hotels offers tips for city, beach, mountain, and countryside locations guaranteed to boost your profit margins. In this ebook, hoteliers find in total 20 practical tips for city, beach, mountain, and countryside hotels like how to optimize corporate rates, how to plan successfully for low season and high season, how a strong summer performance generates benefits also in the wintertime, how improving brand reputation leads to more revenue and many more…

What You'll learn

• City Hotels
• How to optimize corporate rates
• How to avoid readjusting rates downwards
• How to retain corporate customers
• How to benefit from weekday and weekend rates
• How to increase earnings on Sundays
• Beach Hotels
• How to plan successfully for low season and high season
• How to make sensible use of last-minute and cancellation policy
• How to optimize the management of various room types
• How to benefit the most from the seasonal nature of seaside and lakeside tourism
• How to harmonize revenues from frequent guests and newcomers
• Mountain Hotels
• How a strong summer performance generates benefits also in the wintertime
• How brand reputation helps sell at top rates
• How to deal with a minimum stay and package deals
• How to deal with Non-Refundable rates and cancellation policies
• How New Year rates can be raised even close to the check-in date
• Countryside Hotels
• How improving brand reputation leads to more revenue
• How to analyze key factors for outlining the starting prices
• How rates can be raised exponentially during some periods
• How to find the profitable balance between weddings/banquets and OTAs
• How to optimize food & beverage sales