Guestline’s Post

Did you know? By diversifying your channel matrix, hoteliers like you can create competitive offerings in your third-party commission structures! Unlock new revenue streams with Guestline’s fully integrated distribution hub read more: https://shorturl.at/iDu2i

Don’t let disconnected strategies hold your hotel back. With FUSED’s TLM model, your revenue management, sales, brand relationship, and property management will work together seamlessly. This alignment ensures that every part of your strategy is in sync, driving your hotel toward greater success and profitability. Embrace a unified approach and see the difference in your performance. Witness how coordination across all areas can lead to breakthrough results. #FUSEDTopline #FUSEDTS #HotelSales

Don’t let isolated strategies hold your hotel back. Discover the power of seamless collaboration with FUSED's Topline Management (TLM) solution, where sales & revenue specialists certified in all major brands work together to elevate your hotel's performance. TLM ensures that revenue management, sales, and other crucial departments work together seamlessly, making sure you’re aligned in purpose and execution for maximum success. Want to know more about TLM? Read about it here: https://lnkd.in/g5-QUgiT

Needs vs Wants: Hotel Group Sales Edition Need - Revenue 📊 Want - ADR Here are 3 reasons why... 1. Budgets are made far in advance. Market conditions can change which make your best intentions obsolete 8 months later. 2. F&B Revenue. For those of us with event space to fill, we have to consider the overall value of an event and how our rates compare to the competition, base of business on the books, among other factors... 3. Marketshare. As in, moving it. Do you have an opportunity to host a company that has been using your competition exclusively? Is rate a factor for them in the qualifying process? If it is, are you a good fit for each other? To be clear, we certainly 𝙬𝙖𝙣𝙩 to achieve our budgeted group ADR. But that number shouldn't scare you away from making smart business decisions based on a given timeframe. 👉 Tip: Document your homework so you can defend your decisions.

Explore the transformative power of dynamic pricing in the hospitality industry. Our latest article delves into how channel management and booking engines are essential tools for maximizing revenue 🏨💰 🔗 Link to article: https://bit.ly/4dmw230 #Profitroom  #HospitalityManagement  #RevenueOptimization  #TechnologyInHospitality

This article by Hospitality Technology shares some red flags in merchant statements the hospitality industry should look out for. “The most common areas where brands are overcharged on their monthly merchant statements are discount rates, interchange fees and additional fees like “risk fees” that are hiked up by the payment processor.” Traverse reduces the transaction fee basis and seamlessly integrates with the Property Management System so hotels can quantify average order value. Connect with us now to learn about how we can help you increase your profit margins! https://lnkd.in/gXvdU-q8 

What is total hotel revenue optimization? THRO includes a deep understanding of customer value. It also shifts the focus from purely top-line metrics to bottom-line measures by considering distribution, acquisition, and operating costs. Especially in departments with high variable costs (e.g., F&B), this is crucial when looking to optimise your operation and profitability. 

Could recent share performance and forecast expectations of future stock price increases for the OTAs be a flag that hoteliers are FINALLY figuring out how to get their customers to book direct? Is the 'crutch' of OTA distribution keeping your revenue managers afloat? It's time for all hoteliers to sharpen their marketing game! If you are a GM, pass this article of ours on to your revenue manager and ask the simple question: are you undertaking these strategies, and if not, why not? That is, not unless you like 15-25% taken off the top, and if that is the case, perhaps OWNERS reading this might question their GMs! https://lnkd.in/ghBYnCrr #hotelowners #hotelrevenuemanagement #hoteloperations

Where my Revenue Management gurus at? Challenge yourself with the "Hotel Revenue Management Challenge" from IDeaS Revenue Solutions. This game tests your ability to make revenue-maximizing decisions. Compete against a hotel that uses G3 RMS and let me know in the comments below how you did. I've heard some impressive numbers on this, what's your best RevPAR? #RevenueManagement #HotelManagement #Hospitality Play the game here: https://lnkd.in/gXnxhSE5

If there are 3 'levers' a hotel can pull to try to drive profit, and it 'pulls' each - Price lever (10% ⬆ ) - Volume lever (10% ⬆ ) - Costs lever (10% ⬇ ) Which is the most effective? Pricing! This was one of my key takeaways from the recent Global Revenue Forum, at the Valcon pricing workshop. Danilo Zatta, PhD, MBA 'proved' to attendees with some (relatively!) simple maths just why Pricing is the most efficient profit driver. ⚠ Caution ⚠ Pricing is also the most effective at eroding profit! Price decreases should be approached with caution! Another timely reminder for #hotels to ensure they get their pricing right. It's not always easy, but it is important. #rms #revenuerocks