How financial analysis can save empty room cost for hotels

[felix]

We can achieve the least empty hotel rooms by the proper financial analysis on the following possible actions together with other relevant information

1. hotel room transfer partnership with other hotels of the same grading and conditions (over-sales opportunity),
2. alternative use of hotel rooms: training centre, exhibition, religious gathering, birthday gathering, trade fair, wedding (investment in flexible structure and sound control vs additional product sales),
3. local tour for Saturday and Sunday empty hotel rooms
4. coupon sales, free room for low seasonal empty room
5. let a hotel room as an apartment to avoid the chance of empty room for this particular room
6. break-even pricing if there are forecastd empty rooms to cover the fixed overhead
7. daily empty room control vs discount to travel agency analysis
8. daily, weekly forecast or scheduling of empty rooms should be accurate enough for planning and selling of empty rooms.
9. big discount sales for late arrival customer each day (high chance of empty room at night),
10. discount to extended stay travel customer
11. Daily internet sales at discriminating prices to clear all empty rooms
12. volume discounts to corporate/contracted customers,
13. recurring consumer discount
14. hotel room transfer without the group
15. early completion or repair of a hotel to allow more rooms to let before a trade fair
16. Avoid food safety issue, personal accident control which may result in stop run and no booking
17. repair should be scheduled on the day at the time not affecting the normal operation of hotel room
18. daily discriminating late order discount to travel agent,
19. revision training centre for different examinations held at different times covering non-peak season or non-peak days
20. big commission to travel agent for last night stay for travel customers, higher change of extended stay and shopping at the retail shop in hotel
21. A lost customer analysis may identify the root cause and avoid further increase in empty rooms