By Justin DeRise The foundation of any hotel sales and revenue strategy lies in its distribution channels. A distribution channel is simply any forum or
A mobile PMS allows hotel managers to innovate ahead of the market while improving efficiency.
Completing a hotel profitability study represents one of the first steps in increasing the revenue of your hotel. Once you have all the data you need, you can
make much bigger strides in forecasting. Leverage your technology and data to move forward with your plans for better hotel revenue management.
Competition runs high in the hotel industry. It only becomes more fierce as Airbnb and other platforms allow people to turn their personal properties into rentable spaces. Add the fact that many people
shun hotels during viral outbreaks and you have a recipe for economic hardships for hotels of all sizes. So, what can companies do to improve inventory management and boost revenue?
Inventory management ties in closely with budgeting and revenue management, but there are some key differences.
For instance, a mobile PMS can send automated, targeted offers for room upgrades, amenities, loyalty offers, and monetized early check-in/late check-out, directly to a guest’s mobile device. This means a hotel can continue to enhance a
guest’s revenue potential, even during supposed “low periods” of depressed occupancy. Even so, to maximize the benefits, hoteliers should focus on improving both aspects of the business. Use the tips below as a starting point.
If you would like to learn more, check out our new free ebook entitled, Budgeting During a Crisis: What is the Mission Critical Guest Experience?Here, StayNTouch partnered with OpenKey and TrustYou to explore the essential contactless solutions that hotels should include in their budget assessments in the post-COVID new normal. Get your free copy today!
See how StayNtouch’s Cloud PMS, Guest Mobility, and Guest Kiosk solutions deliver better results for hotels through better front & back of house communication, increased mobile touch-points, more revenue and operational efficiency, and unlimited interfaces.
Your demo will include how to:
Manage and Set Tasks Across Your Departments
Ensure Guest Satisfaction & Safety With Contactless Check-in Options
Automate Easy Upsells & Monetized Early/Late Checkouts
Set & Manage Rates/Availability
Integrate With Tools and Platforms Essential
to Your Hotel