Revenue Management Blog

Hospitality industry news, articles, publications, trends, tips, ideas, strategies
and best practices …

Top 10 Tips for Successful Hotel Revenue Management

Top 10 Tips for Successful Hotel Revenue ManagementIndependent and boutique hotels have the opportunity to capitalise on traveller appetite for unique experiences. Big hotel chains simply can’t compete on this front. And your hotel is also able to completely differentiate itself from other independent hotels. Coupling this with the implementation of hotel revenue management best practices gives your hotel ample opportunity. Read our 10 hotel revenue management tips here to drive the success of your organisation.

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The 3 Hotel Revenue Management KPIs the Experts Really Use to Drive Profitability

Hotel Revenue Management KPIDriving your profitability in the most efficient manner is a challenge that all hotels face. But here at Xotels, we have found that there are certain key performance indicators (KPIs) that are particularly powerful. Some of the commonly used KPIs include Average Room Rate (ARR), Bedroom Occupancy Rate (OCC) and Cost per Occupied Room (CPOR). But, in this article we focus on the three hotel revenue management KPIs that experts use to maximise profitability in particular.

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The 5 Top Characteristics of Independent Hotels

Top 5 Characteristics of Independent Boutique Hotels, by XotelsIndependent and boutique hotels have a number of advantages over their chain competitors, of which owners can take advantage to achieve greater success. At Xotels we love independent boutique or innovative concept hotels, because the allow us drive premium results. So, what are these characteristics of independent hotels that provide unique selling points over the chain or franchise hotel variety?

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Hotel Feasibility Study, Step 1 when Planning a New Hotel or Resort

Hotel Feasibility Study by XotelsIn over ten years of helping hotels to open and remodel successfully, we have seen time and again at Xotels how indispensable a feasibility study is. We have also seen how many would-be hoteliers simply assume that their vision will succeed, without conducting any notable research on building a hotel business that will be consistently profitable and competitive. In this article we look at the steps involved in carrying out an effective hotel feasibility study.

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Revenue Management for Camping Sites & Holiday Parks

Camping Revenue Management by XotelsOver the last year, we have expanded into a new and very exciting segment of the tourism industry. We have taken on the revenue management for a camping site and holiday park in the UK. We have adapted our methodology to the specific requirements of this lodging type, and the results are incredible. We would like to take you with us through our journey of the last few months implementing yield and dynamic pricing at Lady’s Mile in Devon, United Kingdom.

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OTA Revenue Management Advice can be Tricky for Hotels

OTA Revenue Management Advice for HotelsReading an online hotel industry news publication this month, I came across a statement that kind of threw me off. An industry veteran I greatly admire was suggesting hotels should consult with OTA for revenue management advice. Of course I probed as to what he really meant by this, as it seemed to me a tip that may lead hoteliers down the wrong path.

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