While you have a running hotel with history and forecast to back you up, you will have information to help you with setting the best available pricing for your property. However if you find yourself in a situation of opening the hotel or reopening the hotel as is the case for most of you after …
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Good morning fellow hoteliers. Its a good day to get some learning done and improve your knowledge Revenue management in hotels have become more complex with the advent of Artificial Inteligence Understanding 5 basics of Revenue management [ Article] However with all the advancement in technology, we still need to understand the basics of the …
Revenue Management, Experiences and How to make watermelon juice Read More »
All business rely on Forecast. A budget is a type of forecasting where you try and predict what will happen to your business over a year. A forecast helps us to plan our business. While it tells us the revenue we can make, it also serves other important purpose – planing for your operation. If …