JERRY’s Post

In a recent article for Australian Hotelier, Andrew Lewis discussed how effective revenue management is crucial for navigating the current challenging climate we face, by using data to understand customers and then optimising various aspects of the business to improve profitability and guest satisfaction. 🖱️ Missed it? Click here: https://hubs.li/Q02Fc3pJ0 As Melissa Kalan, CEO of ARMA - Australian Revenue Management Association, so aptly puts it, “Revenue management is an essential business discipline that significantly enhances the bottom line. Regrettably, skill development in this area is frequently neglected within the hospitality and tourism sectors.” To address this gap, ARMA alongside Allara Learning, has launched a new nationally recognised and accredited course in Revenue and Yield Management Fundamentals, providing professionals with the necessary skills to optimise revenue and drive financial growth. 🎓 Check out the new course here: https://hubs.li/Q02Fc7D-0

Did you see the recent article in HM Magazine by Melissa Kalan introducing the newly launched 10940NAT - Course in Revenue and Yield Management Fundamentals? View article here: https://hubs.li/Q02Fc7FY0 We are proud to partner with ARMA - Australian Revenue Management Association to elevate your team's Revenue Management skills with a nationally recognised qualification aimed toward those in Hospitality and Tourism 🎓 ✔️Accredited: Assures your team is trained to the highest national standards. ✔️Industry-Backed: Developed in collaboration with experts to address real-world challenges. ✔️Results-Oriented: Designed to enhance revenue and profit outcomes for your business. 10940NAT - Course in Revenue and Yield Management Fundamentals has bridged a gap in our industry by providing a clear pathway for professionals in hospitality and tourism to acquire vital skills and competencies. Contact Rachael Smith or register your interest here: https://hubs.li/Q02Fc7WM0

Our Hospitality Manager: #Financial #Management #onlinecourse is #hospitality focused, media-rich, and vetted by the industry, ensuring you understand all pieces of management while making sure you can see yourself within the #course. Learn more about this course at https://lnkd.in/g9rv3Que. #hospitality #training #hotel #hospitalitynews #hospitalityindustry #hospitalitycareers #lodgingindustry #lodging

Hotel Professionals - Strengthen Your Revenue Management Foundations I've developed this course to help hospitality teams master the essentials of hotel revenue management. In this streamlined course, you will learn: • Key Revenue Management Principles and Terminology: Understand the core concepts and language. • Strategies for Optimizing Pricing and Inventory: Maximize revenue with effective pricing and inventory control. • Building a Revenue-Driven Culture: Foster a culture focused on revenue generation. Whether you're new to revenue management or looking to enhance your team's skills, this course provides the essential knowledge needed to make profitable decisions and drive success. Feel free to share, download, and follow my LinkedIn profile for upcoming expert courses on revenue management. Stay informed and enhance your skills with comprehensive, industry-focused content. #RevenueManagement #HotelRevenue #HospitalityIndustry #DynamicPricing #InventoryOptimization #HotelManagement #BusinessGrowth #HospitalityEducation #ProfessionalDevelopment #ExpertCourses #LinkedInLearning #FollowForUpdates

🚀 Using a Balanced Scorecard (BSC) to Drive Hotel Success 🏨 In the hotel industry, a Balanced Scorecard (BSC) is a powerful strategic management tool that offers a holistic view of a hotel's performance. It incorporates both financial and non-financial metrics, helping hotel leaders align their operations with long-term strategic goals. 💡 Key Components of a Hotel BSC: 1-Financial Metrics: Indicators like revenue per available room, total revenue, and profit margins gauge the hotel's financial health and profitability. 2-Customer Metrics: Focus on customer satisfaction, retention, and feedback. Happy customers drive repeat business and build a competitive edge. 3-Internal Processes: Metrics like maintenance costs, quality control, and efficiency ensure smooth operations and cost management. 4-Learning & Growth: Employee training, skill development, and turnover rates are essential for improving service and driving innovation.

Today's Revenue Management thought:- The Educational Imperative in Revenue Management An often-overlooked aspect of revenue management is education. Revenue Managers must enlighten frontline staff about key performance indicators (KPIs) and the rationale behind pricing strategies. Educating the team fosters a deeper understanding of the business’s financial goals and encourages them to question and refine strategies based on their observations. This collaborative environment enhances decision-making and ensures that all team members are aligned with the hotel’s revenue objectives. By investing in education, hotels can cultivate a knowledgeable workforce that contributes to more informed and effective revenue management practices. Have a profitable week. ✌🏼 N. Hall Consulting 🔔 Ring the bell ➕ Hit "+ Follow" 💬 Leave me a comment 👍 Like this, give it a thumbs up #Hotels #Hospitality #Distribution #RevenueManagement #OutsourcedRevenueManagement #Revenuegrowth #Consultant #Hotelgrowth #Coaching #Hotelrevenue #Hoteldistibution #Hoteltech #Hotelmarketing

Today's Revenue Management thought:- The Educational Imperative in Revenue Management An often-overlooked aspect of revenue management is education. Revenue Managers must enlighten frontline staff about key performance indicators (KPIs) and the rationale behind pricing strategies. Educating the team fosters a deeper understanding of the business’s financial goals and encourages them to question and refine strategies based on their observations. This collaborative environment enhances decision-making and ensures that all team members are aligned with the hotel’s revenue objectives. By investing in education, hotels can cultivate a knowledgeable workforce that contributes to more informed and effective revenue management practices. Have a profitable week. ✌🏼 N. Hall Consulting 🔔 Ring the bell ➕ Hit "+ Follow" 💬 Leave me a comment 👍 Like this, give it a thumbs up #Hotels #Hospitality #Distribution #RevenueManagement #OutsourcedRevenueManagement #Revenuegrowth #Consultant #Hotelgrowth #Coaching #Hotelrevenue #Hoteldistibution #Hoteltech #Hotelmarketing

I am presenting this for you who are interested in Innovative cost Management Techniques in Hospitality industry. It explores with examples the strategies and techniques used in the hospitality industry to increase profitability through innovative cost management. By analyzing current trends and successful case studies, it aims to provide insight into how hospitality businesses can optimize their operating costs while maintaining service excellence and competitive advantage.

As a new hospitality business owner, balancing operational costs and driving footfall can feel like a high-wire act. We’ve seen firsthand how crucial it is to manage costs efficiently without sacrificing quality, especially when the competition is fierce. How are you approaching cost management in your business? Are there specific strategies that have helped you stay on top? Let’s discuss best practices and how to scale effectively while keeping the books in check. #HospitalityInsights #RestaurantManagement #PubsAndRestaurants

Title: "Leveraging Technology in Hotel Financial Management: The Role of Hospitality Management Systems (HMS)" Summary: This article discusses the importance of integrating HMS into hotel operations to streamline financial management, from tracking room revenue to managing expenses and forecasting budgets. It highlights how HMS can automate processes like billing, inventory management, and report generation, thereby reducing errors and saving time. The article also explores the role of data analytics within HMS, enabling hotels to make informed financial decisions by analyzing trends in guest spending, occupancy rates, and seasonal variations. ILAC Fanshawe College