For many boutique hotels, technology is confusing and messy and almost a foreign language - and it's costing FAR more revenue than they realize. Busy hotel owners and managers do not have time to become experts in all these different systems and it often sounds like a foreign language,...
Most hotels find the issue of rate parity to be a headache, but there are ways to maximize your revenue and minimize frustration with this issue. Some hotels think that parity is a contractual or policy issue, while others refuse to be intimidated by OTAs and insist on pricing each channel...
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If you run a small, independent, or boutique hotel, you may be too busy to analyze lots of data to do Yield Management, and you may even find it painful and boring.
You know it's important for your hotel, but maybe you have a hard time wrapping your...
Elasticity is an important concept in economics - and also for hotel bookings. Perhaps you are not the analytical or academic type, or maybe you find economics boring, but this is an important concept to keep in mind when you think about raising rates.
The simplest definition of Price...
Getting reservations and visibility for your property requires a bit of technical expertise. OTAs are different and Booking Engines can be hard to install and keep synchronized with other systems. But why become an expert when you have so many other things to manage at your property....
Get these things right and revenue improves! This is only a starting point and there is a lot of detail (and work) that goes into fixing these issues, but if you get all these things right, this takes care of the biggest revenue problems we see in boutique and independent hotels.
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Reading this for just 5-10 minutes per week might be the best investment you make.