Read our hotel budget resources for expert advice on managing your hotel finances, reducing hotel operating costs, and increasing your revenue.
In this post, we’ve compiled the best pricing strategies for small hotels, featuring simple strategies that can be executed using information you can find easily in your property management system.
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
Let’s face it—handling finances probably isn’t why you got into the business of running a small or independent hotel. For top-notch small hotel owners and operators, their focus is on hospitality and delivering an exceptional guest experience. While ensuring guests
“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
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
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