April 30, 2024

Tips to become a data-driven hotelier

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Like other sectors, data plays a considerable role in todays modern hospitality industry. When analyzed with perfection and examined effectively, data assists hotel decision-makers make business-critical decisions based on realities, patterns, and numbers.
Acquiring data
You require to have a huge amount of information related to your hotels sales, guests, earnings, and so on. Manually locating and collecting such data might be challenging, and those challenges might increase when you have a hotel chain to manage. We are referring to Hotel PMS, to be really precise, the cloud-based ones.
An effective cloud-based Hotel PMS can generate information from across departments in your hotel for all your member homes. In hotel market parlance, you call it group-wide reports. The finest part is that you can filter the data to locate trends at a specific property level or group level.
When you are empowered with the information pointed out above points around the performance of your profits centers, it becomes easier for you to discuss and figure out the next action. You can team up with the particular department heads to make strategic choices to overcome any hurdles, if any.
Comprehending guests with information
Another intriguing method to leverage information to the advantage of your hotel chain is to have access to the central visitor history through the hotel management system. Here, too, with a multi-property service like Hotelogix, you can see past/existing visitor data at both home level and group level. The minute the guest tries to talk to your central call center about the availability, you can look up his past data in the hotel PMS and have a clear idea about his preferences.
Handling income with information
This is another vital area of the hotel service where information plays an important function. Here, the combination in between 2 cloud options– Hotel PMS and income management system helps you with the right set of data at the best time to sell the right space at the right cost to the ideal guest.
Handling room circulation with information
The right set of system-generated data like what we get from a hotel PMS and channel manager can make things simpler for you. You can look at the data, approximate the need to change room rates in real-time. The essence here is– data enables you to optimize your online circulation efforts with the very popular channels.
The hospitality industry in general and the hotel industry, in specific, has a lot to gain from data. When you end up being data-proficient, there is no space for you to do uncertainty, which can hamper your growth. Data can inform you what is working for you and what is not. It empowers you to get brand-new guests, target brand-new markets, keep existing guests commitment, improve occupancy and profits, anticipate patterns, and handle marketing efforts for your hotel service to acquire a competitive edge

You require to have a huge amount of information related to your hotels sales, guests, profits, and so on. An effective cloud-based Hotel PMS can create data from throughout departments in your hotel for all your member properties. Another intriguing method to utilize information to the benefit of your hotel chain is to have access to the central guest history through the hotel management system. The minute the guest attempts to talk to your main call center about the availability, you can look up his previous data in the hotel PMS and have a clear idea about his choices. Here, the combination in between two cloud solutions– Hotel PMS and profits management system assists you with the right set of information at the right time to offer the ideal space at the best cost to the right visitor.