An overview of Revenue Management

Revenue Management is a concept being applied to the hotel industry since the late 1980s, start with the Mariott hotel. However, in Vietnam, Revenue Management has just been applied recently when the travel industry develops and more international hotel brands join the market. This article provides an overview of Revenue Management to help you understand… Continue reading An overview of Revenue Management

How to increase your hotel revenue in the weekday

Low revenue in the weekday is always a problem to the hotel, especially to the hotal noy in the tourist area. To earn revenue, hotels usually run the discount promotion. However, there are some other methods help hotel remain a good stable price. Create Promotion Package Instead of lowering the price, let adding extra services… Continue reading How to increase your hotel revenue in the weekday

Unlike the rest of the world, Vietnam lifted up travel restriction to attract tourism

After lifting up the restriction to comply with the regulations of social distance, famous local beaches such as Nha Trang, Da Nang have been back to business and promoting tourism, entertainment activities in the area. Although many tourist cities are ready to open their doors to visitors, because of COVID-19 pandemic pre-caution, most entertainment activities… Continue reading Unlike the rest of the world, Vietnam lifted up travel restriction to attract tourism

After COVID-19 pandemic, which markets will become potentials for the hospitality industry in Vietnam?

Although being affected strongly by the COVID-19 pandemic, according to research experts, the hospitality industry will recover the fastest after the pandemic is over. For that reason, Vietnam is redirecting to promote tourism in new potential markets to revive the tourism and F&B industries. India, Korea, Japan, Taiwan and ASEAN are considered as key markets… Continue reading After COVID-19 pandemic, which markets will become potentials for the hospitality industry in Vietnam?

What is Timeshare and 2 things you need to know about timeshare?

Timeshare is also known as vacation ownership in a period of time at the leasure real estate. The timeshare buyer will need to pay an up-front payment and annual fee to own that fixed period in a year in 10 years, 20years, etc., or even a lifetime. With the period they bought, the timeshare investor… Continue reading What is Timeshare and 2 things you need to know about timeshare?

What is allotment and 2 type of allotment booking that you need to know

Allotment is a type of room booking for the travel agent to book a large amount of room with a condition of check-in and check-out date, and need to be booked in a limited set of time. The agent and hotel always have an initial agreement on the allotment to figure out the condition. Then… Continue reading What is allotment and 2 type of allotment booking that you need to know

3 new trends in tourism after the Covid-19 pandemic

Starting from the end of summer, many tourist areas across Vietnam have opened their doors to welcome visitors to visit and relax with many safety criteria for COVID-19 prevention. This is one of the good signals for the hospitality industry to begin to recover after nearly four months of shutdown. In particular, the peak period… Continue reading 3 new trends in tourism after the Covid-19 pandemic

Lunar New Year: the golden chance to boost domestic travel

After removing social distancing, this year’s Lunar New Year is a “golden” opportunity for the hotel industry to quickly launch and welcome domestic tourists. Although there are some precautions , this long holiday is an appropriate time for families to have the opportunity to travel and relax at a reasonable price and avoid the crowded… Continue reading Lunar New Year: the golden chance to boost domestic travel

2 points that make your hotel different from others on OTAs.

All hotels are being listed on the OTAs channel. How can your hotel gain your customers’ attention among thousands of brands? There are 2 points that many hotels dismiss when setting OTA account which makes a huge difference. Hotel’s brand and room’s name Each hotel surely has its own brand name. Depending on the OTA… Continue reading 2 points that make your hotel different from others on OTAs.

The price strategies for small hotels

The price of small hotels cannot be active as big hotels because they don’t have much data about room booking and a huge room inventory. To elevate competitive advantages, small hotels can apply these strategies: Similarity strategy: the price is similar to the competitors and surroundings. This typical strategy is easy to apply, especially for… Continue reading The price strategies for small hotels