Five Hotel Operating Metrics You Should Care About
If you pursue a career in the hospitality industry, you’ll need to learn certain terms such as Hotel Occupancy Rate (OR) and Average Length of Stay (LOS). These terms aren’t that complicated to understand, and a computer system will generate the numbers for you. Here are the most common metrics used among hotel management. Average…
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Exciting Tips to Help Enhance Hotel Operations
The hotel industry is a competitive marketplace. Owners are constantly seeking to implement new strategies to help attract customers. Organizing a successful hotel business takes a lot of planning and commitment. While the brainstorming process can be overwhelming at times, these tips can help you gain a competitive advantage. Strong Leadership As the owner of…
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Why Have a Smart Room Pricing Strategy for Your Hotel?
With COVID-19 containment measures bearing fruits, people can’t wait to travel and explore the outdoors again. However, hoteliers shouldn’t take advantage of this to overcharge guests as they too were financially hurt by the pandemic. You need to follow different strategies while selecting your room prices and rates. Analyze Your Historical Data You don’t need…
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Ways to Improve Your Hotel Guest Satisfaction and Increase Retention
Following the implementation of mass vaccination campaigns across the U.S., the hospitality industry is beginning to record a steady increase in customer numbers. However, hotel bookings are still way below their pre-pandemic levels. Consequently, hotels now have to compete for business fiercely. Here is a look at some of the strategies you as a hotelier…
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Hotel Technology Trends for 2022 to Offer Better Customer Experience
Technology is making it easier to do business no matter what industry you work in. The hotel and hospitality industry has access to some of the most innovative technology in the world. By implementing the latest advancements, hotels can provide better service to more guests much faster and more efficiently than ever before. The ultimate…
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