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TRG Blog

How Data Analytics is changing hotel revenue management

Posted by Rick Yvanovich on

The importance of revenue optimisation or revenue management in the hotel industry cannot be overstated due to its critical importance to the Hotel bottom line. Basically, revenue optimisation is being able to sell the right room to the right guest, at the right price and at the right time. It requires plenty of actionable information in a timely manner, which is so often unattainable. 

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Topics: Hospitality solutions, Hotel management software, Revenue management, Business Intelligence, Analytics

5 tips to boost hotel direct revenue

Posted by Rick Yvanovich on

Online Travel Agencies (OTAs) such as Expedia, Agoda or Booking.com have become a crucial source of hotel revenue. Independent hotels are particularly dependent on OTAs for their revenue. While this is not necessarily a negative trend, hoteliers should avoid relying too much on this channel for it may hurt the hotels’ profitability. OTAs usually demand around 10-20% in direct commissions. Additionally, the rate parity agreement with OTAs limits the hotels’ pricing options.

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Topics: Hospitality solutions, Hotel management software, Revenue management

9 ways to increase Hotel Profits: Part 1

Posted by Rick Yvanovich on

Today, the hospitality industry in general and hoteliers in particular are faced with a daunting road that requires great flexibility especially in terms of finance.

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Topics: Hospitality solutions, Hotel management software, Revenue management

Seasonality in hotels: revenue management strategies you should adopt

Posted by Carla Burton on

A longstanding issue for hotel owners and managers is how to maximise revenue and occupancy rates despite the effects of seasonality.  To be effective, revenue and yield management strategies need to consider seasonality but all too often, hotels approach seasonality in blocks of time, rather than looking at each day over a 365 day period, resulting in lost opportunities.

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Topics: Hospitality solutions, Hotel management software, Revenue management

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 Rick Yvanovich
 /Founder & CEO/

With TRG International Blogs, it is our mission to be your preferred partner providing solutions that work and we will make sure to guide your business to greatness every day.

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