Tight on resources? Build a smart revenue management strategy with hotel revenue management specialist Cendyn today.
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For better or worse, the “doing more with less” mantra has become a core skillset of today’s hotel revenue managers. It is imperative to be as efficient as possible with distribution and maximising booking profitability, while experimenting with new channels and pricing strategies that can further optimise revenues.
Optimal revenue management depends on mastering the “Five Rights” – selling the right room, to the right guest, at the right moment, at the right price, via the right distribution channel. However, with most hotels still understaffed, revenue managers have less time than ever to make those “rights” a reality.
When working in less than ideal conditions, the key is to use the data at your fingertips to optimise efficiencies and start experimenting. From there, you can embark on an impactful revenue strategy that focuses on playing smarter – not harder – despite a reduced staff headcount.
In our latest guide, we delve into the tactics that can help managers start maximising and optimising revenues despite lower staffing levels, from fully leveraging your technology and unearthing new segments to dynamic pricing.
If you’d like more information on ways to improve your hotel’s revenue management strategy, contact us today at email@example.com. The path to smarter revenue management starts right here with Cendyn. Get started now.