Have you ever wondered how some hotels always seem packed with guests, while others remain almost deserted? The secret, my friend, is effective hotel marketing strategies. It’s not just about offering comfy beds and free Wi-Fi anymore. Nowadays, you must understand your audience, build a strong online presence, and differentiate your establishment from others. You’ll …
As the saying goes, ‘What gets measured gets managed,’ and in the world of business, one of the key things you need to measure is the occupancy rate. Whether you’re running a hotel, managing an office building, or overseeing a retail space, knowing how to calculate your occupancy rate is crucial for understanding how effectively …
Did you know that the profitability of your hotel is not only about the number of rooms sold but also about the rate at which they’re sold and their occupancy rate? Understanding these factors and how they contribute to your overall room revenue can give you a clearer picture of your hotel’s financial status. Calculating …