More is More- Why revenue optimization is more important than ever!
Crippled by a global pandemic, the hospitality industry is
suffering through the lowest
occupancy levels we have ever seen in our lifetime. With
basic safety and hygiene now the
new luxury, what steps can hotels and resorts take to ensure they OPTIMIZE every single
guest check and revenue stream possible?
As a yield management consultant in the hospitality industry for the last 10 years - now
more than ever - I think it is VITAL to make sure we are
looking inside and outside the box to
make the most of the opportunities that are presenting
themselves. Not only do we need to
consider every current source of profits, we have to prepare for new and potential revenue
streams as travel makes the come-back we all know it will.
If you find yourself thinking along
the same lines - here is the first of three articles detailing
simple and useful suggestions to
optimize revenue from 3 critical revenue streams in the
months and years to come: Rooms,
F&B and Spa.