The 50-year-old enjoyed a season in the Premier League with Blackpool in 2010/11 but they slipped straight back into the Championship despite earning plenty of plaudits for the quality of their football.
Now Holloway is ready to use that experience as Palace look to survive for more than just one campaign in the top flight.
"I think every year of your life you should learn and think about what you have learnt over and over again to improve yourself," said Holloway, whose side clinched promotion via the play-offs last term.
"You have got to deal with disappointments and upsets and then bounce back and get there and we had a great run at it.
"We [Blackpool] were predicted we would be the worst team ever - we wouldn't even get 10 points, that is not nice.
"I have got a different group of players at a different club but hopefully my experience in this can help everyone around me."
Holloway has, however, conceded he may have to play a little more defensively this time around.
"Hopefully we can stop the opposition doing what they are doing," he said.
"We can break it up and then go and score ourselves and get three points instead of none and get to 40 points so we can do it again next season.
"What I've got to do is stay calm, keep my feet on the ground, keep working and keep being realistic.
"I need to give them tactics that I have picked up along the way that might stop some of these teams who have got technically better players."