Opinion Articles

Recession Lessons – Post Recession Hotel Sales & Revenue Management

As the dust settles and the sun begins to rise again on the hotel industry, it is clear that hotel sales and revenue management will be different than it was in 2007, the last good year before the industry and economy tanked! This time the differences will be driven by customer behavior in all segments. “The way consumers think about, plan and purchase travel has altered dramatically.”(Peter Yesawich, HotelNewsNow, 11/17/10)

The Hotel Sales Office of 2011 | 4 Processes to Fuel Recovery

Those hotels that are waiting for the recovery to make phones ring with inquiries will not be the market leaders in this economic recovery! Those that are aggressively using new processes to stimulate sales will be the winners! Steve Rushmore, President and Founder of HVS predicts that “Revenue per available room in the United States is expected to end 2010 up 4.3%, with jumps of 7.1% and 8.1%, respectively, during 2011 and 2012, Rushmore said. These increases follow a RevPAR drop of 16.8% during 2009,” (HotelNewsNow, 9/28/10).