Revenue & Yield Management Blog

Hotel Revenue Management Tips & Ideas by XOTELS

Welcome to our XOTELSHotel Revenue Management Blog. Explore cutting-edge strategies, data-driven insights, and expert tips tailored for optimizing revenue in the dynamic world of hotels. Discover the revenue management potential and elevate your hotel’s profitability to success.

Occupancy vs ADR, the Never Ending Discussion in Revenue Management

By |Revenue & Yield Management Blog|

Since the early days revenue management has been applied in hotels, there has been an intriguing ongoing discussion. What drives more value to the business, ADR, average daily rate, or occupancy?

I have been in hotel revenue management consulting since 2006, and it is a question that keeps coming back. ‘How can I make more profit with my hotel?’ Owners that are closely watching the P&L statement are especially keen to understand how they can drive the bottom line of their hospitality business.

Top Revenue Management Strategies for Hotels

By |Hotel Management Blog, Revenue & Yield Management Blog|

Hotel Revenue Management Strategies We have written extensively about hotel revenue management strategies. As strategy is one of the most essential parts of revenue management, we have made a summary of all the top advice from our perspective as a hotel revenue management consulting company.

How to Start a Hotel Business

By |Hotel Management & Operations Blog, Hotel Management Blog, Revenue & Yield Management Blog|

How to start a hotel business - XOTELS For many people, starting their own boutique hotel or luxury bed and breakfast is like a dream. Most are drawn by the charm of hospitality and see it as a chance to start a new beginning. But opening a hotel business , just like any new company, is more difficult than it might seem at first sight.

Particularly if you have never worked in the international hotel industry, you will be faced with many things you might have not considered or imagined before. The hotel business is highly competitive and achieving good financial results is not as easy as it seems.

In my experience at XOTELS – Hotel Revenue Management Consulting in dealing with entrepreneurs and investors, I have found that there is no shortage of creative ideas for innovative hotel concepts. The challenge, however, lies more in the strategic and organizational areas of the business.

How To Increase Hotel Revenue in Low Season

By |Hotel Management Blog, Revenue & Yield Management Blog|

Hotel low season revenue has long been considered to simply be an unfortunate fact of the industry. It brings less demand and, therefore, lower revenues too. But the industry has changed so much in such a short space of time, and hotels no longer have to accept that low season automatically means slow business.

By adopting a proactive stance and implementing a series of tried-and-tested tactics, your hotel can blossom in what traditionally is considered low season. Read on to discover our five best practice steps to attract guests and increase hotel revenue during a low occupancy phase at any time of the year.

Top 10 Essential Revenue Management Articles for a Successful 2024

By |Hotel Management Blog, Revenue & Yield Management Blog|

Top 10 Revenue Management Articles and Tips to Read for a Successful 2023 We have compiled a list of the best articles published last year to give you a head start into 2023! Before diving into the list, we would like to welcome you to check out our recent articles covering the plethora of essentials to Hotel and Operations Management, Marketing and Distribution, Finance and Accounting, Systems and Technology and other hospitality-focused insights.

How to Forecast Hotel Revenue with Optimized Precision

By |Hotel Management Blog, Revenue & Yield Management Blog|

How to Forecast Hotel Revenue with Optimized Precision by Xotels

As a hotel revenue management consulting company, at XOTELS, it has been a while since we covered this topic on our hotel management blog, so I thought it would be good to have another look at forecasting in hotels. With reservation lead time changing in key markets we operate in, it is becoming more challenging to forecast accurately.

And still it is essential to give our operational departments a realistic financial outlook to run the day to day operations of the hotel as cost effective as possible. And also owners and investors need to have insight and the right expectations on the financial performance of their hospitality business W.

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