One currently hot topic is rising energy costs. Hotels and hospitality businesses are also affected by this. Due to their size and the amenities they offer to guests, lodging establishments are even more affected by the cost increase than consumers or private households. Hotels try to keep their consumption as low as possible, but of […]
Gothenburg, Sweden, is home to the largest stadium venue in the whole of Scandinavia; “Nya Ullevi”. The stadium can host up to 75K people for a concert or sporting event. In July 2022, Rammstein paid a visit to the city and hosted as many as three concerts on three nights in a row, and they […]
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 […]
All hotels, regardless of location, standard or size have late cancellations and no-shows. These tend to leave rooms empty and unsold, representing a financial loss at the end of the day. Let’s assume a hotel has, on average, three late cancellations and no-shows just before arrival. Multiply those three rooms with the amount of “sell-out” […]
Article published in: Cost & Logi, Zukunft Hotel, 17.12.2021 No one probably has escaped the fact that corporate travel has reduced tremendously and come to a halt during the Corona pandemic. The assumptions and discussions around it and the long-term effects have naturally been many. Now however more studies are emerging that are making the […]
It cannot have escaped anyone’s attention that countless hotels across Europe are currently struggling to find staff and rehire for vacancies that resulted from Corona. Especially with operational positions. Rooms are not being cleaned, F&B departments cannot uphold the old service standards, and the check-in queues are growing long. Coming up next the winter tourism […]
Trying to figure out how to best build up your ADR after the crisis? Don’t worry, it might be a matter that is out of your hands more than you think. Old Claims After the last financial crisis, many “experts” claimed that price dumping had a bad effect on the re-building of hotels ADR and […]
Our Co-Founder Pontus Berner answers 3 questions about: … the Revenue Management of tomorrow The revenue management of tomorrow is an interesting topic. The usual answer that you hear a lot, which is also true, is artificial intelligence and technology. However, it’s not that simple. You see it depends on what you define revenue management […]
Slowly but surely, we are getting closer to the new normal. Whilst the crisis no doubt has been a hard hit on individuals, companies, and whole industries, and we all wish it had never come, it has nevertheless driven evolution forward in many ways. We all know that technology has taken a huge leap ahead […]
In this video we discuss a checklist recommending Daily, Weekly and Monthly tasks Revenue Management professionals should be undertaking during this crisis situation. Here are the chapters: 1:06 Guest Welcome 1:59 Daily Checklist 9:43 Weekly Checklist 19:48 Monthly Checklist 29:43 Wrap Up Checklist Things to be checked daily: Pick-Up for next 2-4 weeks per segment […]