HXD212 Episode 002 is now live! 🔥
🎙 Why Decisions Matter More Than Data. Rethinking Intelligence in an AI World
👉 Watch on YouTube: https://t.co/danXN08Y4s
👉 Listen on Spotify: https://t.co/dEQYNVwg1M
#podcast#ai#hotel#chatbot#datanalytics#mindset
Most decisions aren’t made by data.
Data is often used after to justify them.
Dashboards don’t lead.
People do.
Full #HXD212 conversation drops 11 Feb.
#decisionmaking#Leadership#data#d3x
Revenue management is not about dashboards.
It's about explaining what the data actually means to humans.
This is a short extract from a conversation recorded recently at the Hotel Sacher in Vienna.
More to come soon.. 🙃
#Hospitality#RevenueManagement#HXD212
In 2003, research conducted on 480 hotels revealed that, on average, for every 10% drop in room rate, demand rose by only 1.3%. When demand is inelastic, room rate decreases will actually reduce total room revenue (more negative impact, than positive).
In my opinion, many hoteliers still underestimate the power of market segmentation, even though it's crucial to drive successful #revenuemanagement. If you don't have a clear understanding of who your ideal guests are—or what they're booking—you’re leaving money on the table.
David Goggins uses After Action Reports (AAR) to improve. Hotel revenue managers can too:
1️⃣ Summary of LastWeek 2️⃣ What went Right? 3️⃣ What went Wrong? 4️⃣ Improvements Needed?
Review. Learn. Improve.
#RevenueManagement#HotelStrategy#DavidGoggins#ContinuousImprovement
Responding to guest reviews is a game changer.
Whether it’s a 5-star or a tough 1-star review, taking the time to reply shows that you care about guest feedback.
#revenuemanagement#hotel#ChatGPT
#Revenuemanagement isn’t just about room rates.
It’s about maximizing every guest’s stay.
One thing often overlooked but so powerful is upselling-it’s one of the easiest ways to boost revenue per guest without any additional marketing spend
#hotel#education#hotelschool
I’m still shocked by the number of hotels doing manual rate adjustments nowadays 😱
Even small properties can benefit from a solid RMS and this helps you to shift from tactics to strategies/experimentations.
#revenuemanagement#hotel#AI
Excited to announce the launch of my Revenue Management Playbook #onlinecourse! 🎉 Designed for hoteliers who want to master revenue strategies and take their #hotel’s performance to the next level. 🚀
Learn more: https://t.co/EgDrqgogRD
The right tech can free up time for what really matters: strategic decision-making and innovation.
How your Revenue Manager spends their time affects your bottom line. Invest in those who combine data with creativity!
✌
#HotelRevenue#RevenueManagement
"Be brief."
That's what many bosses say, but is it really the key to effective communication?
Clarity is what we should strive for.
Next time someone says, "Just give me a summary," ask them: Do you want brevity or clarity?
✌
What do the Swiss @tferriss fans do for the 10th anniversary of Tim Ferriss?
Go on a hike of course!
With a special Zoom appearance by the legend himself!
All hosted on @getriver_io@_JANSCHICK@anariverasch