Operational Efficiency Archives

2020 Toolbox – Best practices for revenue management using the latest resources and tactics

March 1, 2021
Industry Insights
92 views

Revenue management technology, data and tools can be overwhelming, especially for hotel owners. Hotel owners often ask asset managers what they must do to stay relevant and even participate in their hotel’s…

Beyond Benchmarking – A simple statistical approach to unlocking value in food and beverage pricing

February 22, 2021
Operational Efficiency
102 views

When hotel managers determine the prices associated with room revenue, they apply a rigorous approach that draws on industry and market data. This allows hotel managers to optimize room pricing for their…

Market in Decline? – It’s time to focus on fundamentals and implement these metrics and operational strategies to maximize financial performance during declining economic periods

February 8, 2021
Operational Efficiency
116 views

Industry prognosticators continue to revise the U.S. lodging outlook downward. In a declining economic period like the one currently underway, hoteliers—including owners, asset managers, and operators—need…

Challenging the Industry Standard Paradigm to Management Performance Tests

January 25, 2021
Operational Efficiency
175 views

Hotel management agreements formalize the contract made between the hotel owner and the operator. They document the requirements, conditions and expectations placed on each party involved. Performance…

Where brand concessions have had biggest impact

December 17, 2020
Asset Management
140 views

Steering a firm with more than U.S. $5.5 billion in assets under management and a deep track record, hotelAVE CEO Michelle Russo has a firm grasp of both the big picture and the day-to-day details. She…

Hotel Management, COVID-19, Government/Politics and You

September 24, 2020
COVID-19
214 views

COVID-19 has become our worst nightmare or our brightest star, it all depends on the part of the economy you call home. If your revenue stream relies on success in the hotel, travel and tourism industries…

Labor Forecasting Post-COVID 19 – Why Using “Old” Productivity Metrics and Job Classifications Doesn’t Work

August 17, 2020
COVID-19
281 views

As hotels gear up to reopen, owners and operators will rely heavily on their property teams to produce operating forecasts to guide their bumpy ride back to stabilization. An important part of these forecasts…

Labor Forecasting Post-COVID 19 – Why Using “Old” Productivity Metrics and Job Classifications Doesn’t Work

August 11, 2020
Operational Efficiency
619 views

By: Jordan Bell, VP, PostScript Hospitality, hotelAVE’s Operational Efficiency division As hotels gear up to reopen, owners and operators will rely heavily on their property teams to produce operating…

What worries owners, Operators about group business

July 30, 2020
COVID-19
446 views

Hotel owners and operators continue to reassess their business models as the industry continues to reel from COVID-19. During a webinar titled “Emerging strong: Shaping the future of travel and hospitality”…

Hoteliers Casting Wider Nets For Guests, Revenue

July 23, 2020
COVID-19
347 views

The COVID-19 pandemic has forced hotel owners and operators to get creative with how they run their hotels, and repositioning strategies have been considered in some cases, sources said. David Israel…