Category: Manage your hospitality business

Learn best practices for managing every aspect of your independent lodging business from staffing to marketing and everything in between.

RevPAR: Formula and Definition [Free RevPAR Calculator]

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The hotel industry uses a number of formulas and calculations to keep itself afloat. But RevPAR is the single metric important to understanding your revenue by occupancy. If you’re not using RevPAR you’re not using financial performance to inform your business decisions. Below you’ll learn the RevPAR formula, its usage, practical applications of RevPAR, and […]

Hotel Listing Monitoring: The Essential Guide to Monitor Hotel Prices

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Hotel Listing Monitoring: The Essential Guide to Monitor Hotel Prices A great pricing strategy starts with hotel listing monitoring Hotel listing monitoring allows managers to upsell amenities. It uses consumer behaviour to generate more revenue. And it’s what sets you a part from the competition. If you’re not monitoring your hotel room rates, you don’t […]

Beating the Airbnb Algorithm 2024: The Ultimate Guide

Beating the Airbnb Algorithm 2024: The Ultimate Guide What are the changes in Airbnb policy 2024? Well, Airbnb listings just got more expensive. With Airbnb introducing a new fee structure, including a 2% surcharge on cross-currency bookings from 1 April 2024, it’s time to say goodbye to that short term rental, or get savvy and […]

Boutique Hotel Requirements: The Essential Checklist to Elevate Hospitality to New Heights

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Well, it’s finally happened. After decades of buying more doodads, nicknacks, and thingamabobs than most ever need, consumers have gotten tired of mass consumption. They want a personalised service that encourage them to explore local cultures. They prefer great amenities with even greater design. And they’re keenly aware of how their travels impact climate change. […]

Direct Bookings vs OTA: Choosing Wisely During Peak Season [Easter Edition]

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Almost 60% percent of guests have dropped Online Travel Agencies (OTAs) in favour of other forms of bookings. So why still push them? With direct bookings quickly replacing OTAs as the preferred way to book, it’s important for managers of lets between 15 to 30 rooms to understand how these choices will effect their revenue […]

OTA commissions: Give up on guides, here are 3 expert ways to heavily reduce them

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Navigating the complexities of OTA commissions within the hospitality industry can be a daunting task. With a deep dive into the intricacies of these fees and their effect on hoteliers, this guide goes beyond merely explaining what OTA commissions are. Instead, it offers you three expert strategies to significantly lower these costs, empowering you to […]

Navigating Low Season Challenges: Boosting Average Daily Rate for Rural Holiday Lets

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In the heart of the UK’s rural landscapes, smaller businesses and holiday lets face a recurring challenge: the off-peak season slump. As winter arrives, occupancy rates and average rental income dip, and cash flow tightens, leaving many owners searching for strategies to weather the lean months. Does that ring a bell? Today, we’ll teach you […]

The Secrets of Dynamic Pricing: A Complete Guide for Hotels

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How long does it take you to adjust your hotel’s rates every week? Probably more than you’d like. Imagine if you could invest all that time in enriching the experience of your customers. But how? Mastering the art of pricing can be the make-or-break factor for many establishments. Today, we delve into the realm of […]

The Essentials of Hotel Rack Rate: Definition, Strategy, and Optimization

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In the world of hospitality, every term, and every concept carries weight in how hoteliers operate and become successful in the competitive landscape. Especially for those who are just dipping their toes into this industry or even for seasoned veterans, grasping the fundamental aspects of hotel pricing strategies, such as the hotel room rack rate, […]

Types of Tourism: All the Tips You Need to Attract Travellers in 2024

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For hospitality workers like you understanding that a lot of types of tourism exist is crucial to promoting your accommodation and your area in the right way. It’s as important to know who is your targets and buyer personas are in order to build the perfect strategy to attract them.  Having an awareness of the different types […]

Payment reconciliation process for Hotel: Get to choose the right system for you

Amenitiz Pay: Secure and efficient hotel payment solutions and strategies for online transactions.

As a hotelier, managing payments can be a complex and time-consuming task. With so many transactions taking place each day, it can be challenging to keep track of all the payments, expenses, and bank statements. The Payment reconciliation process is a crucial step that helps you keep track of all these transactions, making sure that […]

How to Run a Bed and Breakfast: Essential Tips for Bed and Breakfast Owners

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As a bed and breakfast owner, you’re not just providing a place to sleep and eat – you’re creating an experience for your guests. Running a successful bed and breakfast requires careful planning, attention to detail, and excellent customer service. If you are wondering how to run a bed and breakfast this is the right spot.  In […]

The 5 Best Channel Managers For Vacation Rentals for 2024

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The vacation rental industry has become increasingly competitive, with more properties being listed online every day. If they want to stay ahead of the game property managers need a channel manager helping them to streamline their operations and increase bookings. In this article we’ll review the best channel managers for the vacation rental business and […]

Discover the power of a CRS for a hotel: a comprehensive guide for hoteliers

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As a hotelier, managing your hotel’s operations can be daunting, especially when it comes to managing reservations. That’s where CRS for hotels comes in. A central reservation system (CRS) is a tool that helps hotels manage their reservations, distribution channels, and revenue. In this article, we’ll discuss what CRS is, how it works, and its […]

Are Reconciliation Payments the Future of the Hotel Industry?

Amenitiz Pay: Secure and efficient hotel payment solutions and strategies for online transactions.

The hospitality industry is highly dynamic and has the potential for significant growth. During the pandemic, the industry declined but adapted by turning attention to domestic tourists. Now that the pandemic is over, the industry has surpassed pre-pandemic levels. However, financial transactions and billing in the hotel industry can be complicated due to the numerous […]

Channel Management Definition. Everything You Need To Know

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If you’re wondering what the definition of a channel manager is, you’re about to learn a lot more about it. This term defies a simple definition – it’s the global management of your bookings. We’re going to talk about it in this article. If you have a hotel, a B&B or tourist properties for short-term […]