Yield management is a key concept within the hospitality industry to help hotels achieve optimum revenues, through the variable pricing of accommodations. However, effective yield management comes with its own set of implementation challenges as will be […]
While for hotels, the low season poses problems of low occupancy rates, lower revenues, etc., with the right management approaches, one is able to achieve constant cash inflow and guest traffic during activity low seasons. From reaching […]
Yield management, also known as revenue management in hotels, involves the ability of a hotel to generate the optimum amount of revenue through the appropriate sale of the right room to the right customer at the right time […]
Yield management it is sometimes called revenue management in hotels, is one of the most effective and well-developed tactics employed in the hospitality industry to make the best out of rooms sales by managing demand and supply. […]
Being part of the management team in a small hotel calls for some specific qualities and tasks. If you are of a small hotel, there are some tips that you can use to increase revenue for small […]
For the same, understanding changes in the market as well as advancement in technologies play a crucial role in the implementation of hotel revenue management. The following are then potential resolves or challenges for hoteliers in 2024. […]