A Six-Step Strategy for Increasing Hotel Profitability
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Date
2018-11-19
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Publisher
Lodging Magazine
Abstract
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.
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Keywords
profitability, revenue, hoteliers