Business Intelligence and Revenue Management Software Help Hoteliers to Compete for Every Dollar By Nick Fortuna All hoteliers want to achieve 100% occupancy, so what’s wrong with steeply discounting your last few vacant rooms each night and putting that inventory on high-commission travel websites? Since no one makes money from empty rooms, surely some revenue is better … [Read more...] about Padding the Bottom Line
Finance & Revenue
Beyond the Room
Boosting Non-Room Revenue Through Strategic Amenities and Partnerships By Elsbeth Russell Room-based revenue has long been the traditional means of hotel profitability, but in today’s dynamic landscape, it’s no longer the whole story. The future of hospitality success lies not just in heads in beds, but in the experiences and services that engage both overnight guests … [Read more...] about Beyond the Room
Don’t Leave Money on the Table
How Hotel Valuations Drive Planning and Profitability By Amy King For hoteliers looking to drive profitability and make informed decisions about their property, understanding the value of their hotel is essential. Hotel valuation not only provides a clear picture of a property’s financial health but also uncovers opportunities for growth and improvement. Hoteliers can … [Read more...] about Don’t Leave Money on the Table
Start Your Year on a High Note
Why it’s crucial to prioritize your payroll system By Amy Glorioso, Vice President, Client Engagement, Kelly Benefits Payroll As the new year begins, many hoteliers embrace a renewed sense of hope and opportunity and a revitalized outlook. This is the ideal time to establish financial, operational, and service goals that align with your vision for the year … [Read more...] about Start Your Year on a High Note
Empowering Hoteliers with Innovative Accounting Solutions
A closer look at AAHOA and M3’s strategic partnership By Elsbeth Russell Looking back at innovations throughout history, some are simple – like the wheel – and some are complex – like DNA testing and sequencing. What successful innovations have typically had in common, though, is the fact that they occurred at the intersection of an unmet need, a compelling solution, and … [Read more...] about Empowering Hoteliers with Innovative Accounting Solutions