As we start to look towards the future, learn about the basic revenue management strategies that can help us recover from what has unarguably been the worst ever few months for the hospitality industry.
Lockdown is a difficult time for all of us, but while the hospitality sector suffers unprecedented challenges, we decided to use this forced sabbatical productively, taking a fresh look at our brand and focusing on some much-needed self-love.
As we recover from the initial shock, what can revenue managers do now, other than sit tight and pray for coronavirus to be over? Here are the practical, short-term steps to take.
Revenue analysis is a key factor in any revenue management role, with the results giving a good indication of past, present and future performance.