VTechWorks staff will be away for the Thanksgiving holiday starting at noon on Wednesday, November 23, through Friday, November 25, and will not be replying to requests during this time. Thank you for your patience.
A Six-Step Strategy for Increasing Hotel Profitability
While the rate of revenue growth has slowed nationwide, the U.S. hotel industry has seen increasing profits for eight consecutive years. Hoteliers can narrow the disparity between lagging revenue and increasing profitability by taking proactive measures in management and operations. Here is a six-point strategy that can be used to increase profitability.