#revpath

[5hmallow]

[iluvow]

Just some doodle (*'▽'*)♪

[c455idy]

yeah, i like them a normal amount.

[cosmicfarts]

OMG IDK IF ANYONE NOTICED THIS BUT PATH IS PUTTING UP A LITTLE SIGN THAT SAYS “AND REVENANT” ON THE RETIREMENT SIGN FOR ANITA. I almost missed it but I paused it at just the right time!!! CRYING THATS SO FUCKING CUTE

[macaronispider]

Some traditional revfinder art I did awhile ago!

[artist-pandaaa]

Series of what their kids would look like

3) Pathfinder x Revenant (Revpath)

[telafel]

a silly revpath doodle

[felllowhuman]

Kindly asking if someone can explain the dynamic from revpath because i cannot understand it

[blogdanielwilson-blog]

The Future of Revenue Management = Total Revenue Management

Total Revenue Management is a much-discussed concept in hospitality, but in reality it has produced a great deal of confusion. Put simply, it is the revenue management of all revenue sources in a hotel. From your RevPAR and GOPPAR to the hotel restaurant, and from the bar, spa and gym to activities and excursions, it encompasses every single hotel income stream.

Let's dive in and see how this can be done ...

In this article you will learn about:

Maximizing all your revenue streams

Optimizing guest spend during their stay at your hotel

Developing a company-wide total revenue management culture

1. Optimize all your hotel’s revenue streams

To integrate a revenue management system that produces enhanced performance, it is essential to review and optimize each and every one of your revenue sources. These include, but aren’t limited to, the following:

i. Rooms

The central revenue driver of any hotel, optimization of room receipts is of course critical to your success. But, is your room revenue performance as good as it can be? Do you carry out periodic reviews with new industry developments front of mind, with the goal of driving higher revenues? Where can improvements specifically be made? Are you looking at top line revenue as well as profitability, and using KPI's like REVPAR, NREVPAR and GOPPAR? These are just some of the questions that underpin successful hotel revenue management execution.

ii. Food and beverage

This typically comes from three distinct but interrelated areas: your hotel restaurant, bar, and room service. A review may include a guest survey, which can indicate how satisfied your patrons are and how you can improve. The more specific it is, the more insights you can glean that can power a revitalized strategy. For instance, consistent feedback on food and drinks quality, your price points, service, ambience, overall experience, and potential promotions can prove crucial in the success of your food and beverage division.

Some food and beverage KPIs to focus on as part of a revenue management strategy include:

REVPASH (Revenue per available seat per hour)

Time per table turnaround

Number of customers

Seating efficiency

Basket analysis

Staff Productivity (front house and kitchen)

Develop your menu according to the menu engineering method

iii. Corporate events, spa, leisure and other revenue drivers

Renting out space for corporate events such as meetings, conferences and even a coworking office, as well as offering corporate training events, talks and classes are all potentially lucrative revenue streams. Doing so also allows you to push revenues elsewhere, in particular from food and beverage, while offering promotional opportunities for other services.

If other revenue streams are not fully leveraged, you can design promotional campaigns both for staying guests and, if applicable, non-boarding customers from the local area. This applies to business areas such as, where applicable, the hotel spa, gym, golf course, and unique events and excursions that you may offer.

Typical revenue management KPI focus examples from these departments include:

Spa and leisure

SUR

ATR

REVPATH

SREVPOR

Revenue per square meter (TREVPSQM)

Therapist Productivity

Meeting rooms

Revenue per square foot/metre

Attendee density

Revenue per attendee

Golf

Occupancy percentage

Revenue per available round

Average rate per round

Channel mix percentage

Extra note: click for our article on Spa Revenue Management

2. Increase your guests’ spend during their stay

Quick turnaround of guests where they stay a shorter period of time can generate more revenue for in-demand hotels, as they are generally more likely to spend a higher amount per day of their stay within a tighter timeframe, compared to a longer stay, where purchasing power may need to be stretched.

However, leaner periods, where hotels struggle to complete room occupancy levels, offer the perfect time to integrate offers across your service suite with the end-goal of driving guest expenditure.

This can include, for instance, food promotions such as a set evening menu, happy hour on drinks, a special spa rate between specific hours, and reserving additional nights for an incremental discount on each additional date booked.

During periods of full or near-full occupancy, efforts can be made across all hotel divisions to take advantage of upselling and cross-selling opportunities.

The overall goal is to entice your guests to shake their wallets or purses a little harder across all hotel services, while of course doing so to enhance their experience. Therefore, it is of fundamental importance to ensure that any guest spend optimization tactics are carried out without risk of reducing satisfaction levels.

Rather than a primary focus on driving revenues, a consequence of a culture of enhancing guest experience through intelligent upselling, cross-selling, and promotions is to produce the former anyway.

3. Develop a company-wide total revenue management culture

A pervasive focus on total revenue management across your hotel can create the foundation necessary for subsequent growth. From central revenue drivers such as rooms and food and beverage right down to more peripheral income generators like vending machines, and sales of printed photos and groceries, an instilled workforce focus on revenue management has formed the bedrock of the overall strategy’s success.

And this doesn’t just mean the management team. Spreading the concept of revenue management ownership throughout your workforce, from department managers to supervisors, and from entry level positions to part-time or casual staff can have a powerful impact.

Wrapping up

The payoff of integrating a total revenue management strategy can be great, leading to heightened revenues across all your hotel’s services and products. In the end it is all about understanding your guests (data management), your segmentation and to place the reasons for implementing total revenue management at the centre of your decision-making process.

Do you want to know more details about app for hotels then please contact us in the comment section and get the answers of your questions.

[5hmallow]

寄稿作品　詳細【https://www.pixiv.net/artworks/105093791】

[5hmallow]

[5hmallow]

[5hmallow]

[5hmallow]

[5hmallow]

[cosmicfarts]

OH MY GOD HES SO FUCKING ADORABLE

I LOVE THIS SO MUCH?!???