Improving Hotel Menegement in Tourism What is The Hotel Industry?

The Huge Impact of COVID-19 on Hotel Management

Since the beginning of the year, the corona crisis has made a significant impact on Hotel Management. The full or partial lock downs ordered by governments around the world have made travelling impossible. There have also been many regional and international events getting cancelled because of corona virus fears, such as the Olympic Games in Japan and the largest travel event, ITB Berlin.
The corona virus brought with it an uncertain future for the hotel and hospitality industry. With the cancellation of business trips and events around the world, fewer people are keen to plan their 2020 or even 2021 holidays, especially now that their job security is at risk.
With small and large hotel chains facing occupancy declines of up to 90 per cent, some have no choice but to cease business as they are forced to cancel bookings. This has resulted in significant revenue loss for hoteliers. There are also many hotel owners who are desperately trying to keep their head above water by waiting to see what happens.
In the category “Corona” you find a selection of tips which helps businesses operating in the hospitality and travel industry to recover and prepare for better times.

More Tips to Grow Your Business

Revfine.com is a knowledge platform for the hospitality & travel industry. Professionals use our insights, strategies and actionable tips to get inspired, to optimise revenue, innovate processes and improve customer experience. You can find all hotel & hospitality tips in the categories Revenue Management, Marketing & Distribution, Technology and Software.

4 Strategies to Improve Your Hotel Management Software

The hotel and tourism industry has been booming in the past few years. According to Statista, the average daily rate of hotels in the United States had skyrocketed in 2018 and the hotel occupancy had increased by 66.20% in 2019.
With the reality that the accommodation industry is on an increasing trend, hotels need to have a reliable system to help manage complex and lengthy transactions. The hotel management software is a reliable solution to growing hotel businesses with work process efficiency and effectiveness dilemmas.
Some of the hotel management software features are the ability to automate repetitive tasks, provide real-time information on bookings and other hotel information, and channel management.