Blog

13

Mar 22

Sunday March 13th, 2022

Understanding Group Business: How to Optimise Revenue from Meetings and Events

By Bespoke

Introduction to Group Business Revenue Management Group business plays a pivotal role in shaping the revenue streams of hotels, resorts, and event venues. This chapter looks into the fundamental concepts of group business revenue management, highlighting its significance and the challenges that arise in the pursuit of optimising revenue from...

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5

Jan 22

Wednesday January 5th, 2022

Forecasting the Future: How Technology is Shaping Hotel Revenue Management

The Evolution of Hotel Revenue Management In the ever-evolving landscape of the hospitality industry, the concept of hotel revenue management has emerged as a pivotal strategy for optimising financial performance. At its core, revenue management involves the strategic manipulation of pricing, distribution, and availability of hotel rooms to maximise revenue...

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24

Dec 21

Friday December 24th, 2021

Maximising Revenue: Determine the Optimal Room Rate for Your Hotel – Part 2

By Bespoke

Pricing Strategies for Maximizing Revenue In the intricate world of revenue optimisation, pricing strategies serve to guide hotels toward optimal financial performances. In this chapter, we delve into the art and science of crafting room rates that maximise revenue while striking the chord of guest satisfaction. We explore a trio...

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23

Sep 21

Thursday September 23rd, 2021

Maximising Revenue: Determine the Optimal Room Rate for Your Hotel – Part 1

Introduction In the bustling realm of the hospitality industry, where guest experiences and profit margins intertwine, the art of setting the optimal room rate takes centre stage. Figuring the right balance between profits and guest satisfaction is a crucial aspect and optimal pricing can make or break a hotel's fortunes....

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2

Aug 21

Monday August 2nd, 2021

Revenue Management Strategies in the Hotel and Airline Industries

By Bespoke

Taking Off or Checking In: A Comparative Analysis of Revenue Management Strategies in the Hotel and Airline Industries Introduction In the ever-evolving landscape of the hospitality and travel sectors, the art of maximising revenue has emerged as a pivotal force driving success and sustainability. Welcome to the exploration of "Taking...

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4

Jul 21

Sunday July 4th, 2021

Geographic Information Systems for Hotel Revenue Management

Geographic Information Systems (GIS) are a game-changer for hotel revenue management. By integrating geographic data into forecasting and decision-making processes, GIS provides a visual layer of insight that goes beyond traditional data analysis methods. Hotels can identify patterns, trends, and relationships that would be difficult to discern otherwise, ultimately leading...

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13

Mar 21

Saturday March 13th, 2021

Unlocking Profit Potential: The Power of Sophisticated Revenue Management Software

In the ever-evolving landscape of the hospitality industry, the art of revenue management has emerged as a pivotal force driving the success and profitability of hotels. With each passing day, hoteliers are presented with new challenges and opportunities, making the mastery of revenue management a crucial skill. At the heart...

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5

Jan 21

Tuesday January 5th, 2021

Embracing the Future: Hotel Revenue Management in the Age of Big Data – Part 2

By Bespoke

Implementing Data Analytics in Revenue Management Data analytics has emerged as a game-changer for hotel revenue management. By employing sophisticated tools and techniques, hotels can extract valuable insights from vast datasets, leading to more informed decision-making and revenue optimisation. This chapter explores the pivotal role of data analytics in revenue...

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23

Sep 20

Wednesday September 23rd, 2020

Embracing the Future: Hotel Revenue Management in the Age of Big Data Part 1

By Bespoke

Introduction In the dynamic landscape of the hotel industry, the art of revenue management has emerged as a crucial pillar for success. As hoteliers navigate through a rapidly evolving market, the need for data-driven decision-making has never been more significant. In this digital age, where information is king, hoteliers are...

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13

Mar 20

Friday March 13th, 2020

Analytics for Strategic Decision Making

Understanding Hotel Analytics While it is undeniable that there is a tremendous amount of data generated throughout the guest journey, for the vast majority of Hoteliers data analytics still remains an unexplored and overlooked domain.  Most of the time they will find themselves trying to find the right balance between...

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    European HQ Location IconPriory Road, London, N8 8LR, U.K. Phone Icon+44 (0) 207 097 1615 E-mail Iconinfo@bespokerm.com
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