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How to Calculate Occupancy Rates

In the competitive world of hospitality, understanding and optimising your occupancy rate is central to maximising profit and enhancing operational efficiency. For hotel managers and hospitality professionals, mastering this metric is not just about numbers—it’s about making informed decisions that shape the success of your business. This guide aims to demystify the process of calculating […]

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What Is Revenue Management in a Hotel?

Revenue management is a critical strategic tool used by hotels to optimise their financial performance. It involves understanding, anticipating, and influencing consumer behaviour through the availability of rooms and prices to maximise revenue. It’s not just about selling the right room to the right customer at the right time for the right price but also […]

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How to Calculate ADR and Other Hotel Metrics Every Hotelier Needs to Know in 2024

What they mean, how to calculate them, and ways to improve them. 2020 and 2021 have been a challenging time for hotel owners. Global travel has ground to a halt, and worldwide lockdowns have taken their toll on domestic tourism.  Even in parts of the world where people are free to explore their own backyard, […]

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What Is RevPar? Everything Hoteliers Need To Know

As a hotelier, it’s important to understand all aspects of your business to make informed decisions that will improve your bottom line. REVPAR is one metric you should be tracking for this very reason. RevPAR is short for Revenue per Available Room. It is a performance metric used in the hospitality industry to measure a […]

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Why You Should Automate Your Hotel Payments With Preno PMS

I’m excited to announce Preno’s latest feature: Auto-Payments. This feature is a game changer for busy hoteliers, and those invested in creating the best possible experience for their guests. Made to save you time, organise your finances and ensure that your payments are made right when you need it – without disrupting the guest experience. […]

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A Guide to Crafting the Best Hotel Black Friday Offers

Black Friday, a day synonymous with massive discounts and deals, marks the beginning of the busy holiday shopping season. It’s a significant event for businesses, especially those in the hospitality industry. The surge of shoppers looking for bargains provides a unique opportunity for hotels to increase their occupancy rates and revenue. Here’s everything you need […]

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37 Clever Ideas For Upselling in Hotels

In today’s competitive hospitality industry, it’s crucial to stand out by providing unique and appealing packages that cater to the different needs and desires of your clientele. Whether it’s a romantic getaway package for couples, a family adventure package, or a wellness retreat for individuals seeking a rejuvenating experience, we have you covered. In this […]

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Hotel Revenue Management: Are OTAs Friend or Foe?

In recent years, the rise of online travel agencies (OTAs) has had a significant impact on the hotel industry. While OTAs offer numerous benefits, such as increased visibility and access to a broader audience, the relationship between hotels and OTAs is not always straightforward. In this blog post, we will examine the dark side of […]

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Revenue Management for the Hospitality Industry: A Guide for Hoteliers

Revenue management is paramount in the hospitality industry, particularly for hoteliers. In a highly competitive market where customer behaviour is continually evolving, revenue management practices and strategies can provide insights into optimal inventory allocation, pricing, and distribution. Consequently, hoteliers that adopt revenue management best practices can increase profitability, efficiency, and competitiveness in the market. This […]

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Increasing Revenue and Guest Satisfaction: The Art of Hotel Pricing

As a hotelier, your ultimate objective is to guarantee the success of your establishment. A vital aspect of accomplishing this goal is to effectively price your rooms. Dynamic pricing, particularly for last-minute bookings, can have a substantial impact on both your revenue and the satisfaction of your guests. So, let’s dive in and explore some […]

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Stay Competitive in the Hospitality Market with Last Minute Pricing

In the highly competitive world of hospitality, nailing the perfect price for your hotel rooms is no easy feat. It’s a delicate balance, considering the ever-changing demand and a whole host of other factors. But fear not, because Preno’s Last Minute Pricing tool is built to help. This new feature gives your hotel a competitive […]

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Dynamic Pricing vs. Fixed Pricing: Which is Right for Your Hotel?

Effective pricing strategies are crucial for the success and profitability of hotels. In the highly competitive and ever-evolving hospitality industry, selecting the right pricing approach can make a world of difference. Dynamic pricing and fixed pricing are two prominent strategies that have gained traction in the hotel sector. In this comprehensive guide, we will explore […]

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