How else can economy hotel operators maximise profits apart from keeping operational costs low?
We gathered some hoteliers at last year’s REIW Asia’s conference and asked them this question. Some key points that were raised included focusing on top line revenue, having strong revenue management systems, outsourcing some functions and knowing your rates in the market place. The panel whom we sought answers from included:
Paul Logan, Vice President, Development – Asia and Australasia, InterContinental Hotels Group
Tan Kim Seng, President, Meritus Hotels & Resorts
Rico DeBlank, Chief Executive Officer – Hotel Division, Sun Hung Kai Properties Ltd
Peter Henley, President & Chief Executive Officer, ONYX Hospitality Group
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A central theme that seems to evolve is the need for good revenue management systems. How can you enhance your hotel’s revenue management and pricing strategy for maximum profits? At Economy Hotels World Asia 2012, we have a panel, led by Kosmopolito Hotels International, The Everly Group and IDeaS a SAS Company that will share more insight into this. To find out more, download the brochure or go to www.terrapinn.com/ehasia