Travel Market Life Podcast’s Post

A week looking at marketing in the podcasts, and as a marketing PR specialist it was great for me to speak to experts about the challenges and opportunities for hotels and travel companies. #marketing #hotelmarketing #travelmarketing

Why Hotels Measure The Revenue Mainly on The Rooms Revenue Rather than Others Revenues?! 🤔💡 Ever wondered why hotels focus more on room revenue than food and beverage? Here's why: 1. Higher Profits:💰 Rooms typically have higher profit margins compared to food and beverage services. While food and beverage contribute to the overall guest experience, rooms are often the main source of profitability for hotels. 2. Consistency and Predictability: 📉 Room revenue tends to be more consistent and predictable than food and beverage revenue. Guests book rooms in advance, providing hotels with a steady stream of income, whereas food and beverage sales can fluctuate based on factors like seasonality and consumer preferences. 3. Occupancy Rates: 📊 Hotels measure their performance based on occupancy rates, which directly impact room revenue. 4. Market Competition: 🆚 Hotels face fierce competition in the accommodation sector, with guests comparing room rates and amenities when making booking decisions. As such, hotels prioritize room revenue to remain competitive in the market. In summary, while food and beverage services are integral to the guest experience, hotels primarily measure revenue based on rooms due to higher profit margins, consistency, occupancy rates, market competition, and guest expectations. #HotelRevenue #RoomRevenue #HospitalityIndustry #BusinessStrategy #RevenueManagement #HotelBusiness #HotelManagement #HotelMarketing #HospitalityTrends #HotelOperations #RevenueOptimization #RevenueStrategy #BusinessPerformance #HotelAnalytics #HotelMetrics #HotelSuccess #HospitalityInsights #RevenueGrowth #HospitalityProfessionals

98% of hotels and restaurants do not do this! And it is what makes the 2% stand above everyone else. Something that's the difference between success or mediocrity. Think of the number of hospitality businesses out there. All fighting for the attention of their target guests. But it's the 2% that consistently stand out again and again. So, what is that difference? Their people are 100% certain about the mission and purpose of the business. Each team member knows how they fit into that big picture. That allows them to adapt their work and decision-making. Which ultimately enhances the guest experience. That's what keeps people coming back. What are you doing to align your people with your purpose? Let me know below! #hotels #restaurants #purpose #foodandbeverage

Hotel revenue is typically based on four categories - rooms, meetings and events, food and beverage, and ancillary services. The blog linked below does a great job outlining where revenue managers should focus resources for more revenue-driving opportunities. #RevenueManagement #HotelManagement #Hospitality

Hotel revenue is typically based on four categories - rooms, meetings and events, food and beverage, and ancillary services. The blog linked below does a great job outlining where revenue managers should focus resources for more revenue-driving opportunities. #RevenueManagement #HotelManagement #Hospitality

Hotel revenue is typically based on four categories - rooms, meetings and events, food and beverage, and ancillary services. The blog linked below does a great job outlining where revenue managers should focus resources for more revenue-driving opportunities. #RevenueManagement #HotelManagement #Hospitality

Hotel revenue is typically based on four categories - rooms, meetings and events, food and beverage, and ancillary services. The blog linked below does a great job outlining where revenue managers should focus resources for more revenue-driving opportunities. #RevenueManagement #HotelManagement #Hospitality

"Ancillary equates to all other services—parking, spa, laundry, concierge services, etc... Thinking outside the box with ancillary services will do more than just boost your bottom line: it can set your property apart from the competition." As hotel guests, what additional services enhance your stay beyond quality sleep and dining experiences? #hospitality #revenuemanagement #ancillaryrevenue

🌟 **Transform Your Hotel Breakfast Experience with Golden Malted Waffles — The Proven Path to Boosting Guest Satisfaction!** 🌟 Hey #HospitalityIndustry leaders! If you're searching for a game-changing way to elevate your guest experience while also optimizing operational efficiency, look no further than Golden Malted Waffles. Here's why: 👉 **Maximize Profits with Tight Margins** In an industry where margins are razor-thin, it's crucial to make strategic choices. Golden Malted Waffles offer a high-yield, cost-effective breakfast option. These delectable waffles have a longer shelf life compared to traditional pastries, allowing you to save on food costs substantially. 👉 **Minimize Food Wastage** Did you know that globally, one-third of all food produced is wasted? Let's combat that together. With Golden Malted Waffles, you'll enjoy less food waste thanks to its extended shelf life and adaptability to portion size. 👉 **Elevate the Guest Experience** A staggering 83% of travelers rate their hotel stay based on the quality of breakfast. Imagine your guests waking up to the fresh, irresistible aroma of Golden Malted Waffles. It's an experience that sticks, driving repeat bookings and glowing reviews. 👉 **Ease of Operation** Worried about equipment and maintenance? We've got you covered with our FREE on-loan waffle makers, complete with service and breakdown coverage. You'll benefit from our world-class service, allowing you to focus on what you do best—hosting your guests. 🌍 **Trusted by Industry Leaders** As the world's No. 1 waffle brand, we're already the standard at Hampton by Hilton hotels and supply to most global hotel brands. If they trust us, you can too! 📩 **Ready to Transform Your Hotel's Breakfast Experience?** Get in touch with me directly for a tailor-made solution that suits your unique needs. Be a part of this culinary revolution and set your hotel apart from the competition. #GoldenMaltedWaffles #HotelManagement #BreakfastRevolution #CustomerSatisfaction #FoodWaste #Hospitality Hilton Marriott Hotels Accor Travelodge Hotels Limited Premier Inn Don't miss out on this opportunity to redefine excellence. Message me now for more information! 🌟

Today's Revenue Management thought:- In hospitality, Key Performance Indicator (KPI) data is highly valuable for evaluating hotel performance. Through meticulous monitoring of KPI data, hotel owners can glean insights from past performance, facilitating informed decision-making and a thorough comprehension of the hotel's trajectory. Among the prevalent KPIs in the hotel industry are: occupancy rate, average room rate, RevPAR (revenue per available room), food and beverage revenue, payroll costs as a percentage of revenue, and ADR (average daily rate). However, there are also other critical and nuanced KPIs, including those pertaining to the Housekeeping Department, Maintenance Department, Sales and Marketing, and Human Resources. As individuals responsible for revenue, it is imperative that we possess comprehensive insight into all property KPIs to make informed pricing decisions effectively. Have a profitable week. ✌🏼 N. Hall Consulting 🔔 Ring the bell ➕ Hit "+ Follow" 💬 Leave me a comment 👍 Like this, give it a thumbs up #Hotels #Hospitality #Distribution #RevenueManagement #OutsourcedRevenueManagement #Revenuegrowth #Consultant #Hotelgrowth #Coaching #Hotelrevenue #Hoteldistibution #Hoteltech #Hotelmarketing