Big things keep getting bigger; Jeff Bezos’ bank account balance has gone from an integerto a long data type, Bitcoin keeps reaching new hi- (wait. nevermind), and the Wyndham hotel group – already the largest by property count—has now added a whole new portfolio of midscale hotels thanks to its latest corporate endocytosis. Make no mistake, another big acquisition was to be expected, the
The holidays are almost here, and it’s the most wonderful time of the year! Right? Right!? If you’re a hotel owner or operator, maybe not. Now is the best time to think about your holiday strategy, before the holiday season gets away from you. We’ve put together our top twelve tips for the twelve days of Christmas to help you
The first hotel that I ever worked at was a relatively small 70 room property with 4 floors. Almost everything about the hotel was quite standard: a 2.5 Star property about 3 miles from a major NFL stadium and just a few miles from a major Amusement Park. We were busy in the summer; our weekends almost always fared better
One of the major frustrations when talking to owners, operators, and virtually anyone in the hospitality industry about revenue management is how quickly the conversation turns to the absolute loftiest talking points about revenue management, while neglecting the bread-and-butter of what our profession is really about: making you money. When talking to prospective clients, often the first thing I get
In light of recent news (they say there’s no such thing as bad press, right United?!), Kriya RevGEN figured we would share our insights in hotel overbooking strategies. The perfect sell is the holy grail of hotel revenue management but is often preceded by operational fear of the dreaded walk! Here are a few tips to manage overbooking at your
Last year we put together a list of our predictions for hotels in the coming months. Read it here, and be the judge on how right or wrong we were. While we may have over speculated on some, we were pretty spot on regarding more brand regulations and more love for the OTAs. Read below for our predictions for 2017.
Do you want to break the code on ADR Breakage? To an outsider, the revenue manager’s lexicon may often seem like a confusing amalgamation of newspeak, decipherable only with a Ouija glass or enigma machine. Examples that spring to mind are “perfect sell”, “fenced”, “OTB”, “BAR”, and “OTA” just to name a few. A term that fits firmly in that
After spending a whole week travelling throughout Texas and meeting hotel owners and operators from all brands and walks of life at the Expedia Market Expo, it should come as no surprise that Kriya RevGEN is a proponent of the OTAs. We’ve long stressed that we don’t believe in the brand’s approach that “brand.com is the only way to go, and
Curious which states had the highest RevPAR in July? Or which states are seeing the most change? According to some recent data from STR, Hawaii consistently has the highest RevPAR both in July and 2016 year-to-date due to its extremely high ADR, which can likely be attributed to Hawaii serving as a classic year round vacation destination. Washington DC has
As a Complete Hotel Revenue Management Service, we here at Kriya RevGEN try to utilize every possible channel/rate/marketing opportunity to bring higher and better revenue to your hotels. Although paying to play with an “OTA” is sometimes considered taboo in our industry, we Revenue Managers understand that OTA’s are necessary for a complete pricing strategy, especially during periods of low demand.