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Profitability Amid Uncertainty: Why Hotels Rely on Revenue Management Technology
Success in hospitality is often determined by how well a property can plan for what’s to come, but how can hotels hope to navigate the uncertainty of today’s markets? The first step: Prepare for a downturn but live in the moment. The hospitality industry must stay aware of profit-increasing incentives and cost-cutting measures without negatively impacting service delivery and guest satisfaction. This requires walking a fine line between minimalist operations and classic hotel service, and […] The post Profitability Amid Uncertainty: Why Hotels Rely on Revenue Management Technology appeared first on LODGING Magazine.
Success in hospitality is often determined by how well a property can plan for what’s to come, but how can hotels hope to navigate the uncertainty of today’s markets? The first step: Prepare for a downturn but live in the moment. The hospitality industry must stay aware of profit-increasing incentives and cost-cutting measures without negatively impacting service delivery and guest satisfaction. This requires walking a fine line between minimalist operations and classic hotel service, and […]
The post Profitability Amid Uncertainty: Why Hotels Rely on Revenue Management Technology appeared first on LODGING Magazine.
