Maximizing Hotel Profitability: Strategies for Success
Channel: RateGain
Date: 2023-06-06

Galal Farag — Corporate Manager of Revenue Management & Distribution at Safir Hotels & Resorts — talk about the strategies and planning that go into boosting the revenue and profit for hotels.

Talking about the current situation, Galal highlights how the COVID-19 pandemic has led to a focus on increasing the share of direct reservations for hotels. The goal is to increase the profitability of each hotel by exceeding guest needs and encouraging them to leave reviews online or offline.

He emphasizes the need to improve the conversion rate of the hotel's website as a key strategy to achieve this. He further presses on the importance of flexibility and availability of inventory across different channels for maximizing results from different market segments.

#Hospitality #HotelManagement #Profitability