HOTEL REVENUE MANAGEMENT RESOURCES BY AHMED MAHMOUD*
JP TRAIBLAZING MAGAZINE
R
evenue management
routine. Every employee wants
refers to the
to be part of a company’s growth
strategic distribution
agenda, but most don’t know
and pricing tactics a
how. Hotel management needs to
hotel uses to sell its
provide them with both information
rooms which is perishable inventory
and tools, starting with making
to the right guests at the right time
revenue growth an inherent part of
to boost revenue growth.
daily conversations, meetings, and
Revenue management is an
presentations.
extremely important concept within
In the area of revenue streams and
the hospitality industry because it
new revenue resources, the sky is
allows hotel owners to anticipate
the limit for creative minds. Hotels
demand and optimize availability
should really aim to maximize
and pricing in order to achieve the
revenue from every imaginable
best possible financial results.
source as long as the core offer stays
Revenue growth and exploring new
competitive and of good value to
revenue resources is the aim for
each guest with high profit ROI for
every hotelier and it is everyone’s
the hotel management.
business, so why can’t we make
*Founder of revenueyourhotel.com
it part of everyone’s daily work
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JP TRAIBLAZING MAGAZINE
