Tags » Revenue Management

Is Revenue Management Only Useful for Luxury Hotels?

In the past, revenue management was a practice that only high-end, luxury properties implemented for two major reasons: first, it was hugely cost prohibitive, and second, it required the hotel to hire a revenue manager to execute the processes (or oversee the revenue management system – RMS). 102 more words

Marketing & Sales

The Home Stretch of the Revenue Cycle – Accounts Receivable Management

In the 4th week of the topic on the revenue cycle, we come to the final home stretch and hit the Accounts Receivable Management processes. This is personally my favorite part of the revenue cycle as there are so many moving components. 584 more words

Beyond RevPAR: New revenue metrics take acquisition costs into account

Hotels are dissatisfied with seeing more revenue but less profit as customer acquisition costs have increased at a higher rate than revenue. 56 more words

Marketing & Sales

You Never Get a 2nd Chance to Make a 1st Impression – Preliminary Systems in the Revenue Cycle

       As we take our journey around the Revenue Cycle circle, our next stop is at preliminary systems – scheduling, eligibility verification of benefit coverage, and authorization of care. 605 more words

Industry Q&A with Janel Clark

Part of what makes the hospitality industry so appealing is that it provides a broad variety of career pathways. In this blog series we aim to shed light on a few of them by doing Q&A’s with a range of professionals in various roles within hospitality. 360 more words

Edge Hotel School

Hotels Prepare for Highest Occupancy Levels in 20 Years – Skift

A nightmare year of 2009, when U.S. hoteliers saw room rates and revenue plummet, now may seem like a vague, unpleasant memory as hotel occupancy in the U.S. 86 more words

Marketing