While you may think of Revenue Matters as your partner in driving top-line revenue, we fully recognize that cash flow and profit drive your business forward. We keep that in mind as we formulate our strategy recommendations. This also forces us to think of your business holistically rather than through a narrow lens.
Guest experience, operational efficiencies, process improvements, smart capital investment, market positioning, and many other factors contribute to revenue performance and profit.
Our mid-year newsletter aims to provide insights on what demand for the remainder of the year may look like based on emerging investor and consumer sentiment. We also offer some ideas on how others are enhancing their guest experience with limited resources, and how you can directly impact profit through our “Profit Matters” service offerings.
Below are some recent articles that we found interesting. Enjoy!
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Hospitality HeadlinesBaird/STR Hotel Stock Index grew 6.2% in June
The State of the American Traveler in July 2023 - Some Trip Spending Will Be Compromised in Order to Keep Traveling
Best 15 ideas to enhance hotel guest experience
AI in hospitality: how artificial intelligence is transforming the hotel industry
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Profit Matters |
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Case Study (Jesta Properties) In an effort to recover thousands of dollars in lost revenues due to OTA virtual collect reservations, this property turned to rOTA’s services and successfully gained back over $30K, without any fees or labor costs. To learn more about rOTA’s services and how you can win back lost revenues, talk to your Director of Revenue Strategies. |
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Vendor Spotlight |
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MOP is a Mobile Operating Platform software for housekeeping and maintenance that streamlines and automates routine tasks and is compatible with any PMS. With MOP, staff members have the ability to monitor maintenance and room status in real-time, enabling quick room turnover; and they have access to performance analytics and insights that can be used to improve operations, as well as a built-in quality control module that tracks and monitors cleaning performance. MOP can ultimately save you over 2,500 labor hours a year! To learn more or get a demo, please contact our Visual Matrix Sales Partner at HospitalityRevenueSolutions.com
SynXis recently introduced its Retail Studio, using attribute-based selling to increase revenues and create additional value for your property. With this new product, guests can choose from a variety of add-ons and tailor their experience to their wants and needs. Guest choices can include room upgrades or preferences, variations to property policies, additional transportation and services, local experiences, and merchandise requests. To learn more and start a conversation around your property, talk to your Director of Revenue Strategies. |
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Industry Spotlight |
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What is important to today’s hotel guest? What key elements should your property be focusing on to bring both value and interest to your current and past guests? This year’s ROC conference focused on such topics as the impact of a good marketing program, the success of shoulder nights in driving revenues, employing experience and promotions over discounts, and the service expectations of guests, in finding your improved rhythm in the year ahead. Visit our blog to learn more. |
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Charity Spotlight |
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Revenue Matters had another successful fitness challenge, walking 6,600 miles to raise over $1,600 for St. Jude Children’s Research Hospital, and “virtually” walking to all our clients, both in the US and overseas! We will also be participating in the St. Jude Walk/Run National when we meet for our annual retreat in Las Vegas at the end of September. |
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Ask, and You Shall ReceiveYour Questions Matter! Check out other great Q&A's or submit your own here.
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Rave ReviewsWe Shared, You Liked |
Your Favorite Social Media Posts of Q2 2023 |
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303-690-9116 • info@revenuematters.com • RevenueMatters.com