You can trust this blog: Franco Grasso, the founder of the Franco Grasso Group, has authored 3 books on Revenue Management, which are used today as university textbooks. What’s more, thanks to his working method, we have over 2,500 satisfied customers (read real reviews on Hotel Tech Report and Trustpilot). The success of the Franco Grasso Group is rooted in the information we share in these articles.
Now that the first half of the year (H1) is over, hoteliers are reviewing their numbers. Is your property on track to close the year
For some hoteliers, a Revenue Management System (RMS) seems like the ticket to higher occupancy and room rates. Get the software, input some data and
Hoteliers spend a lot of time training hotel staff and ensuring their property is clean and welcoming. But when it comes to maximizing profits, breakfast
The hotel business can seem fickle. Weather, pandemics, and other things outside your control impact your revenue. Yet, the discipline of revenue management demonstrates you have more control than you may think.
Smart hoteliers view revenue management as a strategic way to improve profits. One component is “dynamic pricing.” You’re familiar with this model when considering your rack rate vs. your bottom prices. Those bottom prices may not cover much more than your costs, but they impact your rack rate months away when you can see higher profits. You’ll see below how this works.
Hotel Revenue Management During the Pandemic: How Can You Plan?
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