Image credit – https://www.itb-community.com/ In the hotel industry, things change quickly. Demand, pricing, seasonality, and location all affect how much money your hotel produces. But effective hotel revenue management helps to secure profits and gain a competitive edge. To achieve this, it is crucial to track and analyze hotel industry KPIs that provide valuable insights into the hotel’s revenue strategies. KPIs allow hotels to evaluate the status of their business at the moment and, in … Read More

Image credit – Statista In 2023, the global hospitality market reached nearly 4.7 trillion USD. It was forecasted to grow to 5.8 trillion USD in 2027 at a CAGR of 5.5%. The hotel revenue worldwide will increase to 456.3 billion USD in 2025. When it comes to hotels and their revenue targets, revenue managers play a crucial role. If everything else works, a revenue manager’s insights and forecasts can alter the hotel’s dynamics and propel … Read More