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Mastering your margins: A hotelier’s guide to Total Revenue Management

An eBook by Lighthouse and Canary Technologies

E-books

Why should I read the eBook?

Total Revenue Management (TRM) is a concept that has been rapidly gaining momentum in the hotel industry.

And it’s more than just a buzzword; it's a strategic approach to optimizing all revenue streams within a hotel, surpassing the traditional confines of room revenue.

Despite its transformative potential, TRM remains underutilized, with conventional revenue management still reigning supreme. But the tides are turning, and TRM is poised to redefine the industry standard, setting a new financial benchmark in the hospitality sector.

So, why be a follower when you can lead the pack?

Don't let the future of revenue management pass you by. Dive into this invaluable resource and stay one step ahead in the competitive world of hospitality.

What is in the free eBook?

The hospitality industry is ever-changing, and to stay competitive, understanding and adapting to new strategies is crucial. This eBook serves as your roadmap to successful TRM.

Starting with an in-depth analysis of existing industry practices and their limitations, this guide takes you through to the process of implementing TRM at your hotel. It underscores the essential role that technology plays in this transformation, positioning your hotel to thrive in a data-driven era.

The guide illustrates the concept of TRM, its inherent advantages, and why it's worth making the transition. It provides you with key TRM metrics to monitor, ensuring you're always on top of your game. Additionally, it looks at the significant role of upselling within your TRM strategy.

We're committed to guiding you through this next phase of revenue management and with this guide by your side you can make strides to propel your hotel to new heights of business success.