Being Flexible with your Rate Management – Part 7

BAR leads to success and growing growth concept

It’s time to cozy up to the BAR That’s Best Available Rate, of course, and by focusing a revenue management strategy around Best Available Rate, hoteliers are successfully pushing the average rate charged per room by more accurately leveraging the all-powerful supply vs. demand equation.   However, to fully maximize the opportunity to charge the […]

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More ‘New’ Hotels Coming. Are you Ready?

Perfect blue sky day rising modern architecture development Austin Texas Cranes and new Downtown Construction Highrises

Rapid new hotel development and increased renovations of older properties have transformed local and regional markets across the United States, forcing many hoteliers to consider new strategies to stay competitive. According to Lodging Econometrics, by the end of 2018, the number of hotels and rooms in the United States is forecast to grow by 2.5%. […]

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Preparing your Hotel for the New Year (Part 2)

Businessman`s hand knocking on door with number 2018 - New Year concept background

By now, you’re probably aware that in your hotels, experience is everything. That’s the guest satisfaction mantra as 2017 comes to an end. We know it, you know it, and everyone in hospitality knows this. But frankly, that’s old news. What you need to get the new year off to a great start is an understanding […]

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How to Prepare Your Hotel for the Coming Year

luxury lobby room and funiture

The new year is approaching and while your guests will be enjoying the last days of 2017 at your property, you might be spending that time planning for the coming year. From marketing strategies to revenue management, to new technologies and distribution partners, this is the time to make important decisions for 2018. So where […]

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New Year, New PMS

If you’re thinking about securing a new cloud-based property management system for 2018, now’s the time to act.

If you’re thinking about securing a new cloud-based property management system for 2018, now’s the time to act. By making the switch now, you may be in a great position to secure a full year’s worth of data come the end of 2018. That could be essential for your business. Use that data to help […]

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Maximizing Playoff Profitability for your Hotel

Baseball Fan

We all know sports are a great hotel business driver. Be it the local teams, or planned tournaments, they’re both important and predictable opportunities from which to fill rooms. (see our recent piece on that here). But, all bets are off when it comes to nail biting season enders. Many times, it’s not known until […]

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Maximizing Opportunity During Sports Season

New York City, New York, USA  - December 21, 2013: Street view with pedestrians visible outside Madison Square Garden in New York City on December 21, 2013.  This landmark multi-purpose indoor arena, located above Penn Station opened in February 1968.

Fall season is sports season. And it’s not just the national pro leagues that are in full swing. Colleges, high schools, and other leagues, are all playing scheduled events throughout the country, giving hoteliers ample opportunity to set rates that fully match these demand drivers. Sports events are not always commonly considered when hoteliers are […]

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