Best part is the end when the alcohol delivery comes through 😝
@Texasbird026 Жыл бұрын
I was chatting up front desk night person last stay and she said she gets calls from other nearby hotels to check occupancy. Also the staff at the local Laquinta and Holiday inn get a bonus if they sell out. Best western did not.
@geraldnjenga9303 Жыл бұрын
Revmax
@melissamendez7536 Жыл бұрын
Thanks for your nice explanation
@KriyaRevGEN Жыл бұрын
Thanks for watching!
@jmmbuthia2 жыл бұрын
Great video. Simple and well explained. The concepts seem to apply to the airline industry in my opinion. The concepts learned can also be used in other businesses. The key takeaway here for me is that it's extremelly important for a company to capture any data that it can from customer data to weather to politics and combine everything to form an well versed assessment on where the revenues come from and how the company can use modern tools like AI and machine learning to help predict the best business strategy for the company
@lewograran2 жыл бұрын
Really great video...clear and simple material well delivered. Thanks!
@KriyaRevGEN2 жыл бұрын
Thanks for watching Steve!
@Jey9822 жыл бұрын
Not sure if this is a long shot due to video being years ago. But are you still able to share spread sheet?
@KriyaRevGEN2 жыл бұрын
Hey! Sorry, but unfortunately I made this years ago and I didn't save the spreadsheet :( - It's not too tricky though, I just used some if statements to come up with the "yes above hurdle" or "no, below hurdle". Hope that helps and thanks for watching!
@krispy67962 жыл бұрын
I find it fluctuates around 10 dollars a night depending on who is working the front desk
@KriyaRevGEN2 жыл бұрын
🤣 Thanks for watching @Krispy
@ceciliajr3 жыл бұрын
I enjoyed this 🤣🥳❤️
@KriyaRevGEN3 жыл бұрын
Thanks for watching! We had fun grilling Braulio and Mayur!!!
@adhamadassy58033 жыл бұрын
Nice.. Basic but organized info
@mohammedrazib82493 жыл бұрын
Love this video! What is your preferred PMS, Channel manager, Booking engine, RMS, and CRM combination for both full service and limited service hotels?
@KriyaRevGEN3 жыл бұрын
Hey Mohammed, thanks for watching! We work with most systems, so it may be tough to pick a *preferred* from each category, but really what's most important is that all the systems gel together. If you are at the point where you are selecting a tech stack for your hotel, I would ask the vendors the following questions: 1. Is the system cloud based - You don't want any clunky, on-property server computers if you can avoid them. 2. Does the system have reliable report scheduling functionality? This goes for CRS, PMS, RMS, and CRM. You want to be able to reliably extract data when you need it, and on a recurring basis (also, some systems, such as RMS rely on a scheduled report from a PMS or CRS, so you want to make sure that the data formats are compatible) 3. Does the system have reliable support? Can you reach someone 24/7 if there are technical issues? 4. What are the connectivity fees for each system? Is the fee structure transparent? Especially with a CRS, make sure that you understand the initial set-up fee and then per-transaction costs. Hope this helps!
@mohammedrazib82493 жыл бұрын
@@KriyaRevGEN Thanks! yeah couldn't agree more the communication between systems is the key. Having the best of the best system is not enough it needs to be compatible
@sakshijain99443 жыл бұрын
Can i know your good name?😊
@josefyigit9957 Жыл бұрын
Phil
@hgparsa92673 жыл бұрын
I love the vidoe. I used it in my Rev Mgmt classes. Very helpful
@KriyaRevGEN3 жыл бұрын
Great to hear! It was fun to make the video, tell your class hello from Texas!
@TheGgeenniiee3 жыл бұрын
We are all going to end up living in hotels.
@KriyaRevGEN3 жыл бұрын
😜 We'll see!
@surajm62363 жыл бұрын
Is there any material for reference as to how we can forecast ADR and Occ for new hotel considering its comset , demand, supply and other factors. Thanks
@KriyaRevGEN3 жыл бұрын
Hello Suraj, the STR report from Smith Travel, as well as some Hospitality reports from CBRE, and Agency 360 have good market data! Thanks for watching!
@RAJENDRAPRASAD-hy5iu4 жыл бұрын
NICE VIDEO
@KriyaRevGEN4 жыл бұрын
Thanks Rajendra!
@RAJENDRAPRASAD-hy5iu4 жыл бұрын
HI
@aminramazanov90994 жыл бұрын
amazing
@KriyaRevGEN4 жыл бұрын
Thanks Amin!
@briannareavis91354 жыл бұрын
Awesome! Thanks for the info
@lillyverner4 жыл бұрын
<3 your Pickup sheet :)
@KriyaRevGEN4 жыл бұрын
Thank you Lily!
@des51664 жыл бұрын
thnx
@KriyaRevGEN4 жыл бұрын
You're welcome!
5 жыл бұрын
Awesome! Keep it up! Would you like to be KZbin friends? :)
@ikoutsou7 жыл бұрын
Great video. Could you elaborate a bit on the forecasting technique(s) used?