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Writer's picture: Michael FoxMichael Fox

Updated: Jul 13, 2023

Useful Insights to Improve Your Hotel's Profitability in 2023 According to Leading Industry Experts

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Improve Your Hotels Profitability

Looking for ideas to increase profitability at your hotel this year then invest in your future? Faced with massive headwinds like staffing shortages, lower business travel demand, and rising costs, hoteliers are searching for clever ways to increase top line revenue or decrease costs to meet their profitability goals. In fact, in a recent survey conducted by leading revenue management software company Duetto, reports, 60.8% of hotelier respondents said that business travel would be the industry’s top challenge in 2023. With fewer of those high-rated, mid-week reservations on the books, how can you hit or beat budget? In this article, we’ll share six tips from industry experts that will help you take advantage of trends and technology to boost profitability.


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