Many firms spend time and money putting together their strategic plans. We must recognize the importance of strategic planning, yet it requires more than just strategy. How do you bridge the gap between strategic planning and execution? Strategy management systems take a strategic plan and make it actionable. It removes the headache from the execution phase and streamlines the operations. It helps to execute your plans and provides dynamic solutions that reach every member of … Read More

What is revenue management in hotels? Revenue management or net revenue management involves the use of analytics to help those in the hotel industry predict customer behavior. The data is then used to make accurate pricing and distribution decisions. It is the art of maximizing revenue in a given time period and place. Revenue management benefits are immense. When done effectively, this will ensure that you get high profits and are better equipped to meet … Read More