Recenctly we asked some of the longtime clients of Xotels this question, the answer was simple, 25% or even more ...
Meaning that by implementing best practices in revenue management and proven techniques we are delivering at least 25% incremental revenue to hotels.
I was recently asked by a revenue management coach & consultant, whom I regularly do business with, for an interview.
She presented me with three questions about the current state and the future of hotel revenue management. What follows are her questions and my thoughts on the subject.
We have written a lot about hotel revenue management over the last few years. It seems a good time to make a short list with the components that are crucial to your revenue management strategies.
The modern traveler is looking for a unique experience when it comes to hotels. The Millennials even more than any generation before is demanding an authentic, original and social environment.
But what is the WOW factor of your hotel?
Looking back at 2014, we can only conclude that it has been a great year for Xotels and our Revenue Management portfolio. We have expanded our properties with 52% to 35 hotels, with a total hotel room inventory of 4.180. We are becoming a sizeable player in the hotel management arena.