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PRODUCT NEWS
Your spa’s (financial) health matters too!
21 Oct 2021 . BY Megan Whitby
Implementing revenue management strategies may seem arduous for understaffed spas, but software can streamline the process / Shutterstock/gpointstudio
Implementing revenue management strategies may seem arduous for understaffed spas, but software can streamline the process / Shutterstock/gpointstudio
The time has come for the spa industry to realise its financial potential
– Frank Pitsikalis
Spas are so focused on the health of their guests and staff that they often neglect their own financial health.

“Spas leave money on the (treatment) table by not taking advantage of periods of fluctuating demand,” says Frank Pitsikalis, founder and CEO of ResortSuite, a guest-centric hospitality management solutions company.

“This can be attributed to spas having limited resources to undertake the required analysis or fear of guest reactions to fluctuating prices, a practice called dynamic pricing."

Dynamic pricing is just one method of revenue management, dynamic availability is another.

Dynamic availability is the scheduling of higher-margin treatments during periods of peak demand and scheduling lower margin treatments to off-peak periods.

“With dynamic availability, a spa can maximise profitability during peak demand times, fill otherwise empty time slots in off-peak times with low profitability treatments, all without changing prices,” Pitsikalis added.

Implementing revenue management strategies may seem arduous for understaffed spas, but software can streamline the process.

ResortSuite’s SPA module contains a yield management tool that allows directors to analyse the profitability of treatments and create rules that are triggered automatically by the software adjusting treatment availability based on demand.

Reports are then automatically generated, allowing directors to analyse results and adjust accordingly.

“The airline industry has been using revenue management since the 1970s," Pitsikalis said.

“Not only has it allowed them to increase profits, but they now serve a much wider demographic than pre-revenue management.

“The time has come for the spa industry to realise its financial potential.”

Request a demonstration at ResortSuite’s official website.
Company profile

ResortSuite

ResortSuite is a global leader in guest-centric hospitality management software solutions, designed [more...]
Supplier details
ResortSuite
Toronto Ontario Canada
Integrated hospitality software for spas, clubs, resorts and hotels.
www.resortsuite.com
More details
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PRODUCT NEWS
Your spa’s (financial) health matters too!
21 Oct 2021 . BY Megan Whitby
The time has come for the spa industry to realise its financial potential
– Frank Pitsikalis
Spas are so focused on the health of their guests and staff that they often neglect their own financial health.

“Spas leave money on the (treatment) table by not taking advantage of periods of fluctuating demand,” says Frank Pitsikalis, founder and CEO of ResortSuite, a guest-centric hospitality management solutions company.

“This can be attributed to spas having limited resources to undertake the required analysis or fear of guest reactions to fluctuating prices, a practice called dynamic pricing."

Dynamic pricing is just one method of revenue management, dynamic availability is another.

Dynamic availability is the scheduling of higher-margin treatments during periods of peak demand and scheduling lower margin treatments to off-peak periods.

“With dynamic availability, a spa can maximise profitability during peak demand times, fill otherwise empty time slots in off-peak times with low profitability treatments, all without changing prices,” Pitsikalis added.

Implementing revenue management strategies may seem arduous for understaffed spas, but software can streamline the process.

ResortSuite’s SPA module contains a yield management tool that allows directors to analyse the profitability of treatments and create rules that are triggered automatically by the software adjusting treatment availability based on demand.

Reports are then automatically generated, allowing directors to analyse results and adjust accordingly.

“The airline industry has been using revenue management since the 1970s," Pitsikalis said.

“Not only has it allowed them to increase profits, but they now serve a much wider demographic than pre-revenue management.

“The time has come for the spa industry to realise its financial potential.”

Request a demonstration at ResortSuite’s official website.
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PRODUCT NEWS
Sothys launches Nutritive range to soothe and nourish dry skin
French skincare and spa brand Sothys has launched the Nutritive skincare range designed to offer a next-generation nourishing solution for very dry skin.
Kemitron reveals refreshed fragrance dosing system for spas
Kemitron has unveiled a new version of its Select.Arom fragrance dosing system for steamrooms, experience showers and saunas.
Evolution-U launches psychology-based spa business training to optimise profitability
Business psychology training company Evolution-U Spa Academy has unveiled new online spa business training blending core spa team skills with corporate-level business psychology.
Zero Waste by Urb’n Nature unveils compostable amenity sachets
Urb'n Nature has expanded its Zero Waste collection of sustainable hotel and spa amenities with new compostable and plastic-free sachets.
Oakworks creates removable spa tabletop to offer sustainable treatment room solution
Spa and wellness equipment manufacturer Oakworks has introduced a new replaceable one-piece topper for its stationary massage tables.
La Rue Verte creates bespoke CBD massage oil and ritual for Aman Spa at The Connaught
CBD wellness brand La Rue Verte has developed a new treatment for the Aman Spa at The Connaught in London – the only Aman Spa in the world outside an Aman resort.
Sammy Gharieni to receive the “A Life of Beauty” award in 2022
Sammy Gharieni, CEO and founder of the Gharieni Group, will receive the 'A Life of Beauty' Award at industry event Beauty Düsseldorf, in 2022.
Ayurvedic rituals inspire Thalgo’s new Mer des Indes treatment and retail line
Thalgo has formulated a new five-step spa treatment and retail range in collaboration with Ayurvedic specialist Nordine Meguelatti.
Living Earth Crafts unveils the Mind-Sync Harmonic Sleep Lounger
Living Earth Crafts (LEC) has announced the launch of the Mind-Sync Harmonic Sleep Lounger – a zero-gravity lounger featuring clinically tested, Mind-Sync vibroacoustic resonance therapy to support stress reduction, restorative meditation and enhanced sleep.
Spa Space offers on-demand staffing solutions designed to resolve therapist shortage
Membership-based booking and scheduling software system Spa Space matches guest preferences to therapists best-suited to their needs, who will then tailor treatment plans for each client.
Welnamis represents the next-generation of touchless treatments, says Sammy Gharieni
Gharieni has launched its next-generation touchless treatment concept bed, the Welnamis, which combines specific binaural acoustic and vibrational frequencies to deeply relax both the brain and body.
Beata Aleksandrowicz’s new beauty range designed to help facial massage become a mindfulness practice
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Coventry Building Society Arena, Coventry, United Kingdom
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+ More diary  
 


ADVERTISE . CONTACT US

Leisure Media
Tel: +44 (0)1462 431385

©Cybertrek 2022

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