Hotel revenue strategy: how to boost total revenue with data and guest empathy
🏨 Mews CEO Matt Welle and Henry Blackman discuss hotel revenue strategies focusing on total revenue management. Simplifying data use, monetizing assets like parking and meeting rooms, and employing guest empathy drive revenue. Upsells, if timely and relevant, offer 10x perceived value. Key strategies include using AI for guest insights, automating systems, and experimenting with high-margin upsells. Mews integrates resources to aid revenue managers in optimizing performance, encouraging hotels to start with small tests for scalable success.
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