Revenue Management Systems (RMS) have become an indispensable component of modern hotel operations, offering the ability to dynamically optimise pricing, forecast demand, and ultimately maximise revenue. As of 2021, approximately 28% of hotels globally were utilising RMS tools, although comprehensive solutions remain underutilised, with earlier figures from 2019 suggesting only 12.3% adoption excluding in-house systems […]
Whether working with a pricing system or applying a manual approach for your hotel, the starting price for any given day when opened up for sale, is crucial. To be clear, a static pricing sheet is something of the long past, any dynamic pricing is the obvious way to go. However, some think that numerous […]
Rain, hail, and even snow. In July 2024, Germany saw a record in precipitation, with more liters per square meter than any year since tracking began in 1881 (Zeitonline). The Statista graph of monthly precipitation paints a similar picture. Not only was the weather bad, but it also contributed to a rise in […]
Budgeting in hotels is one of the core tasks of revenue management and plays a crucial role in managing operational and financial efficiency. The budget serves as the basis for financial planning, control, and decision-making. It is not just about setting numbers but involves a systematic approach that requires both theoretical foundations and practical application. […]
In today’s hotel landscape, we still often find hoteliers not being fully aware of the benefits of categorising their business into relevant segments. However, if you want to be successful in the way you manage your business and start applying sound revenue management practices, it is an essential step to have a clear idea of […]
In the hotel industry, discussions about online distribution and revenue management often focus on increasing visibility through a variety of distribution channels or optimizing commission costs per channel. However, managing channels based on demand is rarely mentioned, although the commissions from online travel agencies (OTAs) have significantly increased for many hoteliers in recent years. This […]
Interview with our Co-Founder Pontus Berner, by Cost & Logis Jens Riemann berner + becker has grown considerably in recent years. What consequences does this have for your daily work? Good question. Indeed, we have grown quite some, it has been, and it continues to be super exciting! My attention and focus constantly shift. I […]
Going to your favorite Italian restaurant or eating out in style: Many will probably refrain from this starting January. The VAT for restaurant visits in 2024 will again be 19 percent. This makes dining out more expensive. But who is considering the hotels that advertise with their gastronomic offers, breakfast, half board, arrangements, etc.? For […]
This is an article co-written by Chat GPT & Pontus Berner Introduction The buzzword of the year is AI. According to Trootech, the present AI market stand October 2023 is worth over 300 billion EUR, and AI has become the number one priority for 83% of businesses around the globe. Thus, this article delves into […]
Hello, fellow hoteliers! Running a hotel is like conducting an orchestra, isn’t it? There are so many different elements to harmonise. But instead of violins and cellos, you’re working with bookings, rates, staff schedules, and guest satisfaction. To help you conduct this beautiful symphony, let’s step back and look at the broader, macro-level data trends […]