Blogs

8 Key Revenue Management Strategies every Revenue Manager must perform.

March 06, 2021

1) Understanding the Market
2) Segmentation and Price Optimisation
3) Work Closely With Other Departments such as Sales & marketing team, digital Team .......

Hospitality Minds

Why is Forecasting important in Revenue Management ?

February 23, 2021

Before we talk about forecasting in revenue management we need to know what is revenue management and why it is important.Revenue management refers to the strategic distribution and pricing tactics you use to sell your property’s perishable inventory to the right guests at the right time, to boost revenue growth ...

Hospitality Minds

4 Revenue Management Strategy to look for.

February 18, 2021

4 Ways to Balance between Revenue Management and Sales .Often times sales and revenue Management teams, fail to connect due to conflicting goals. Revenue Management wants to drive average daily rate (ADR) and gets frustrated with sales ...

Hospitality Minds

5 essential components of Hotel RMS

January 29, 2020

ACCURACY & HIGHER MARGINS Rather than relying on human error-prone manual methods, a scientific approach uses statistical algorithms to effortlessly perform the computations necessary to develop optimal pricing and revenue management decisions ...

Revenue Management Tips by Pawan Sahani

December 20, 2019

5 Ways to Balance between Revenue Management and Sales 1) Keep Your eye on the Goal : - Often times sales and revenue Management teams, fail to connect due to conflicting goals. Revenue Management wants to drive average daily rate (ADR) and gets frustrated with sales...

Hospitality Minds

Social Media Hacks

September 12, 2019

SOCIAL MEDIA MARKETING Social media marketing is the process of gaining website traffic or attention through social media sites. Your customers are already interacting with brands through social media, and if you're not speaking directly to your audience through social platforms ...

Hospitality Minds

5 KEY COMPONENTS TO AN EFFECTIVE REVENUE & PROFIT STRATEGY- Hospitality Minds

April 23, 2019

Looking to increase revenue in 2019? Get in line. The desire to generate more revenue is nothing new to hoteliers, but the journey toward higher revenues and greater profitability requires hotels to take a more holistic approach; one that implements technology that leverages data from ...

Hospitality Minds

HOW TO GROW HOTEL BUSINESS - Hospitality Minds

April 16, 2019

Everyone is planning to grow their hotel business but there are many obstacles to grow business in hospitality industry. And this time, we've got just the right tips for you to have your way around the industry. The hospitality industry is the one which is ever evolving ...

Hospitality Minds

ONLINE REPUTATION MANAGEMENT- Hospitality Minds

August 17, 2018

Strategies and Tactics for Online Reputation Management Across all segments of the hotel and hospitality industry, online reputation has become one of the most powerful drivers of revenue and growth. Whether you’re managing a boutique resort with a dozen rooms or an ...

Hospitality Minds

STRATEGIES TO DEVELOP A WEBSITE- Hospitality Minds

August 11, 2018

STRATEGIES TO DEVELOP A WEBSITE Since its popularisation, back in the 90's, the Internet has come a long way. In the last 25 years, websites have changed dramatically and these changes have also generated new dynamics of personal and professional interactions, influencing ...