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10 Minutes News for Hoteliers 10 Minutes News for Hoteliers
  • Top News
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    • Revenue Management
    • CSR and Sustainability
    • Events
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    • Hotel Operations
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Posts by author

Anders Johansson

146 posts
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  • 14 min

Leveraging BI to Optimize Revenue and Costs Along the Guest Journey

  • Anders Johansson
  • 3 December 2024
📋 Leveraging Business Intelligence (BI) tools during the pre-stay hotel phases—Attraction (Pre-Booking), Booking, and Upsell Marketing (Pre-Arrival)—can maximize revenue and minimize costs. BI tools provide real-time data analytics, actionable insights, and predictive modeling for data-driven decisions. Hotels can optimize marketing campaigns, adjust pricing strategies, and offer personalized guest experiences. In the Attraction phase, BI analyzes market segmentation, marketing campaign performance, website and digital analytics, and competitor and market insights, reducing Customer Acquisition Cost (CAC) and increasing profitability. During the Booking phase, BI assists in channel management, pricing optimization, and conversion rate improvement, leading to reduced distribution costs and enhanced user experience. In the Upsell Marketing phase, BI aids in understanding guest profiles and preferences, measuring upsell performance, and evaluating communication effectiveness, contributing to increased ancillary revenue and guest satisfaction. 📈
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  • 5 min

Enhancing Guest Experience During Christmas to Improve Bottom Line

  • Anders Johansson
  • 28 November 2024
🎄 Hotels enhance Christmas stays with authentic festive activities, cozy atmospheres, holiday packages, and unique local experiences, aiming to attract guests and increase occupancy rates. They offer all-inclusive deals, extended stays, and stress-free holidays to encourage longer visits. Improved offerings lead to higher guest spending, better satisfaction scores, and long-term loyalty. Strategic investments in holiday experiences can yield significant returns, differentiate the hotel in the market, and create emotional connections with guests.
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  • 13 min

Boost Hotel Performance Through Profit & Loss Mastery

  • Anders Johansson
  • 26 November 2024
💰 Commercial teams in hotels, comprising Sales, Marketing, and Revenue Management departments, play a crucial role in revenue generation and market presence. Financial literacy, particularly understanding the Profit & Loss (P&L) statement, enables these teams to identify profitable revenue streams, assess cost implications, and make informed decisions that align with the hotel's financial goals. Mastering P&L can lead to strategic choices that balance occupancy with profitability, enhancing the hotel's financial health. Business Intelligence tools like Demand Calendar aid in transforming data into actionable insights for optimizing strategies and managing costs effectively.
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  • 9 min

3 Hotel Hygiene Factors: Sustainability, Digitalization, and Comfort

  • Anders Johansson
  • 21 November 2024
🚿 Sustainable practices in hotels are crucial for long-term viability, guest satisfaction, and environmental stewardship. Energy efficiency is achieved through LED lighting, smart thermostats, and renewable energy sources like solar panels. Regular maintenance prevents wastage and saves costs. Local sourcing reduces carbon footprint and supports the local economy. Digitalization simplifies guest experiences with online booking, digital check-in/out, and personalized services via mobile apps. Comfort is non-negotiable, with quality bedding, optimal room temperature, quiet environments, adjustable lighting, and impeccable cleanliness paramount. Hotels gain competitive edges by investing in comfort, leading to higher retention and positive reviews. The integration of sustainability, digitalization, and comfort is essential for meeting the needs of modern travelers and maintaining hotel profitability.
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  • 5 min

Unlock Your Hotel’s Potential: The Top 3 Business Intelligence Myths

  • Anders Johansson
  • 19 November 2024
📈 Debunking hotel industry BI myths, this article clarifies that separate systems (for reservations, CRM, etc.) do not comprise a comprehensive Business Intelligence (BI) solution. True BI integrates all data for a 360-degree view, enabling informed decision-making, operational efficiency, enhanced guest experience, and revenue growth. Modern BI offers real-time analytics, predictive insights, and interactive dashboards. Contrary to belief, BI is affordable through SaaS and cloud computing, with scalable solutions and subscription-based pricing. Ultimately, implementing a comprehensive BI tool like Demand Calendar can transform hotel operations significantly.
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  • 12 min

The Hotel General Manager Today

  • Anders Johansson
  • 14 November 2024
🏨 Hotel General Managers (GMs) are pivotal in the hospitality industry, embodying hotel values and driving vision and operations. Modern GMs excel in communication, leadership, business acumen, and technological integration, balancing them with the human touch for exceptional guest experiences. They motivate diverse teams to provide outstanding service, understand profit generation, manage hotel operations, and leverage technology without compromising personal service. Excelling in these areas is crucial for a hotel's reputation, guest loyalty, and financial success.
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  • 10 min

Unlocking Collaboration: The Power of Multi-User Systems in Hotels

  • Anders Johansson
  • 12 November 2024
🏨 Multi-user systems in hotels allow various departments to collaborate, breaking down operational silos and enhancing guest experiences. Demand Calendar exemplifies these systems, with daily logins from 5 to 10 users across roles such as marketing, sales, revenue management, and operations. This approach promotes real-time data sharing, seamless communication, and data-driven decision-making. Multi-user platforms are essential for hotels to adapt, innovate, and maintain a competitive edge in today's market.
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  • 8 min

Why Hotel GMs Are Risk-Averse and the BI Tools They Need for Success

  • Anders Johansson
  • 7 November 2024
🏨 Hotel General Managers (GMs) typically manage properties for 3-5 years, focusing on stability and avoiding high-risk changes. They use Business Intelligence (BI) tools to make data-driven decisions, ensuring seamless operations and consistent guest experiences. Tools like Demand Calendar provide real-time performance tracking, revenue reporting, and market benchmarking, helping GMs maintain quality, financial health, and avoid risks during their tenure. Demand Calendar also documents achievements for a smooth handover to successors, emphasizing a "maintain" strategy for hotel success.
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  • 15 min

Optimizing Your Hotel PMS Settings for AI-Driven Revenue Growth

  • Anders Johansson
  • 31 October 2024
🏨 In the hospitality industry, the Property Management System (PMS) is integral for orchestrating hotel operations such as reservations, check-ins, billing, and guest services. The implementation of Artificial Intelligence (AI) with PMS can drive revenue and profitability by transforming data into actionable insights. Guest segmentation is critical for tailoring services and marketing to travel behaviors and preferences, using variables such as travel purpose, origin, booking channel, rate code, length of stay, and number of guests. AI and Business Intelligence (BI) tools, like Demand Calendar, can analyze these variables to uncover profitable guest segments and tailor hotel strategies. Effective rate structures and rate plans are established based on the guest's purpose of visit, enhancing guest attraction and satisfaction. Data accuracy, staff training, and system integrations are crucial for preparing PMS data for successful AI integration. Accurate and comprehensive data collection is essential for optimizing AI and BI tool outputs, and regular data audits and standardization ensure data quality. Implementing detailed guest segmentation and rate plans in your PMS is vital for leveraging AI to its fullest potential, leading to personalized guest experiences and increased hotel revenue.
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  • 5 min

Reactive Hoteliers: Fear of Change Is Holding You Back

  • Anders Johansson
  • 29 October 2024
📖 Demand Calendar advocates for total revenue management in the hotel industry, encouraging hoteliers to adopt a lean approach with step-by-step implementation. They provide an integrated solution for data consolidation across all revenue streams, emphasizing customer-centric management. Their platform enables proactive data analysis, breaking down silos, and optimizing marketing for profitability. Demand Calendar's vision is to transform hotels' operational strategies to maximize revenue, control costs, and enhance guest satisfaction, thereby increasing profitability and ROI for investors.
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