Opinion Articles

Easter 2018: Top Ideas for Hoteliers to Celebrate the Spring in Style

Easter is the celebration of the resurrection of Jesus from the tomb on the third day after his crucifixion, this festival is celebrated differently across the Globe. In the United States, 80% of people celebrate Easter by distributing painted eggs and baskets of sweets. Kids in the United Kingdom go on hunts for the chocolate eggs that are left by Easter Bunny, while many central & eastern Europeans decorate painted eggs.

Winning the Numbers Game

In the highly competitive hospitality industry, it is critical to assemble as much information as possible to make educated decisions: enter revenue management. Using the basic principles of supply and demand economics, hoteliers can optimize revenue by strategically managing a property's room inventory, pricing and distribution. Based on market trends and forecasts about consumer demand, revenue managers are able to maximize revenue during high-demand periods and stimulate demand during periods of lower activity. Put simply, hotel revenue management is selling the right room to the right customer at the right moment at the right price through the right channel.