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Hotel Management Resources

Category: Manage Your Hotel Budget

Read our hotel budget resources for expert advice on managing your hotel finances, reducing hotel operating costs, and increasing your revenue.

A Guide To Hotel Payment Processing
December 15, 2022

A Guide To Hotel Payment Processing

An important feature for any hotel or property to have is a reliable payment processing system. A hotel payment processing system allows you to receive payments in person or online, for every guest that checks in at your hotel. Without a payment processing system, you wouldn’t be able to continue serving guests and growing your […]
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4 Easy Ways To Manage Revenue For Your Hotel
November 08, 2022

4 Easy Ways To Manage Revenue For Your Hotel

An important part of owning or working at a hotel is revenue management. Managing your revenue properly allows you to have a good understanding of your hotel’s opportunities and soft spots in your business. How can you achieve revenue and occupancy goals to ensure your property is performing at its best? Below, you’ll find key […]
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Why Global Distribution and Revenue Management are Essential to Hotel Management
September 24, 2014

Why Global Distribution and Revenue Management are Essential to Hotel Management

“Global distribution” describes the network of channels that connect hotels with travelers and allows them to showcase their available rooms and rates through online travel agents (OTA), such as Hotels.com and Booking.com. Global distribution is essential for hotels that are looking to attract more guests and increase bookings. However, for hotels to maximize these revenue-generating […]
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Control Your Hotel’s Budget With a Hotel Revenue Management System
August 27, 2014

Control Your Hotel’s Budget With a Hotel Revenue Management System

Hotel budgets are impacted by a variety of factors, such as seasonality, events, labor and competition. And, of course, unforeseen occurrences, like extreme weather, have the ability to drastically skew or contribute a surprise lift to forecasted figures. Budgeting will never evolve into an exact science, but utilizing the proper technology and strategies will allow […]
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