First, let’s quickly talk about three other terms that play into this conversation: Property Management System (PMS), OTA (Online Travel Agency) and extranet. I describe a PMS as the computer that sits at the front desk of a lodging property that keeps track of arrivals, departures and which rooms are
Author: Chris
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Illinois Real Estate Investor
“I’d like to thank you for providing your consulting services to help me in the decision process to purchase a Resort Lodge in Northern Wisconsin. The expertise you provided to me was well worth the cost. Your knowledge of the
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Georgia Bed and Breakfast
“Your expertise is exactly what I needed. Your skills are needed in this area. I’ll keep you posted on the success of this project. Thank you so much for your prompt response, your expertise, patience and professionalism!” – B&B Owner in Georgia
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What is RevPAR and how is it calculated?
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Hotel Revenue Management 101 Scenario
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Testimonial
“We have a hotel in Florida. Although Chris Hunter provided services to us remotely he was able to help us. Our online ranking, walk-in and occupancy increased substantially in less than 2 months.
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How To Calculate Hotel Room Cost
In this video, I’d like to teach you some basics of hotel revenue management, and the primary number to track is your room cost. There are two costs that you need to consider: incremental and burdened. This video explains each of these and shows how to calculate them for your property.
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How To Break A Crisis Cycle
Do you know someone who seems to live their life in a continual crisis? Their electricity was shut off because they didn’t have any checks to pay their bill (they could have paid online, but never took the time to setup an account),
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Branson’s Labor and Housing Crisis
2016 in Branson In 2016 Branson hotels sold 10% more rooms than in 2015. People who stay in our hotels also eat at our restaurants and visit our attractions. This of course sounds like great news until you learn that nearly every industry was already