This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Choice Hotels Asia-Pac is introducing mandatory revenuemanagement training for franchisees as part of its brand standards to drive performance and consistency across the network. The post Choice partners with ARMA on revenuemanagement training for franchisees appeared first on Hotel Management.
As technology continues to evolve, so do the strategies and innovations within revenuemanagement. Let’s delve into some of the key trends shaping the future of revenuemanagement in the hotel industry: 1.
With every passing year, revenuemanagement is playing a more central role at hotels as they navigate a landscape now locked in a permanent state of change. The gap, observed and experienced by many, suggests that the industry has far from realised the full potential that the practice holds for today’s accommodation businesses.
Intellisoftware will also gain a seat on ARMA’s Skills Council to provide input for ARMA’s nationally recognised and accredited VET qualification in revenue and yield management launching this year. Melissa Kalan ARMA CEO, sharing her insights on the partnership stated, “This collaboration marks a significant milestone for us.
What is hotel revenuemanagement? Hotel revenuemanagement is the strategic distribution and pricing tactics used to sell perishable room inventory to the right guests at the right time in order to boost revenue growth. What is the primary purpose of revenuemanagement?
The SureStay brands are meticulously designed to offer affordable yet quality accommodations, providing guests with value without compromising on comfort or experience. bwh-loyalty/ The post BWH Hotels embraces soft brand flexibility to expand portfolio appeared first on Hotel Management. join@bwh.com joinbwhhotels.com.au/bwh-loyalty/
The challenge is that demand for overnight accommodation varies with the reason to travel to the destination. There is no reason to go to the beach and no demand for overnight accommodation. There is no reason to go to the beach and no demand for overnight accommodation.
Revenuemanagement (RM) is supremely necessary for hotels. I kid you not, most of the hotels refrain from opting for any sort of revenuemanagement services. The hotel revenuemanagement myths that are swirling around are the real reasons hotels are so skeptical about it. Who is to blame for it?
A quick search on the internet yields a wide range of definitions for ‘revenuemanagement’. Some of these take a theoretical, almost academic approach and, in several instances, there are iterations of revenuemanagement’s classic definition: ‘selling the right room, to the right guest, at the right time, for the right price’.
Close to 1000 industry leaders are set to gather at Sydney’s International Convention Centre this evening to celebrate the brightest stars of the hotel industry at the 22 nd annual HM Awards for Hotel and Accommodation Excellence, sponsored by Sealy Posturepedic.
New Zealand hotelier Chris Dickinson has introduced a new luxury accommodation brand to the market with four Auckland properties slated to launch within the first half of 2025. We go above and beyond to deliver exceptional experiences and service for guests, and provide premium property management for owners to optimise financial returns.”
The right hotel channel manager will simplify the complex task of distributing hotel inventory online, which saves time, reduces errors and enhances revenuemanagement, thus empowering you to thrive in a competitive hospitality landscape.
The leading cloud-based hospitality solution specialist STAAH has partnered with Revnomix Solutions LLP, a seven-year-old revenuemanagement firm with a Global presence, which provides revenuemanagement services to hotels. We are delighted to partner with Revnomix, a leading player in the revenuemanagement space.
The acquisition, brokered by specialist accommodation property agency ResortBrokers on behalf of owners Peter and Irena Cushen, includes City Edge’s active franchise agreements, the brand, and associated IP. The post Choice bolsters Australia network with City Edge acquisition appeared first on Hotel Management.
Unlike revenuemanagement systems that have traditionally been accessible to a limited number of hotels, the dual capability within Dynamic Revenue Plus means any hotel can, for the first time, use one, mobile-first system to optimise their revenue based on market demand.
We have written extensively about hotel revenuemanagement strategies and tactics here throughout the years. As strategy is one of the most essential parts of revenuemanagement, we have made a summary of all the top advice from our perspective as a hotel revenuemanagement consulting company.
It’s hard to imagine revenuemanagement before the advent of hotel software and systems. Thanks to these solutions, today’s revenuemanager can produce forecasts, distribute inventory and adjust rates with speed – a stark contrast to the manual and long drawn-out processes that defined the practice in the past.
In the ever-evolving hospitality industry, staying competitive demands more than just offering great accommodations and service. Hoteliers need to employ smart strategies to optimize revenue and profitability. One of the most powerful tools in their arsenal is a robust RevenueManagement Solution (RMS).
Properties across the groups network within its brands Marsden Hotels & Resorts, Ramada by Wyndham, Wyndham Garden, and Microtel by Wyndham have completed the roll-out of the STAAH channel manager, booking engine and global distribution systems (GDS).
A Hotel Channel Manager plays a key role in streamlining online distribution. It serves as a centralized control hub, enabling hoteliers to effortlessly manage and optimize their room inventory, rates, and availability across various online booking channels. There are many channel managers on the market.
SAN DIEGO and MINNEAPOLIS—Cloudbeds and IDeaS announced a strategic technology partnership that ties the experience of the two companies together to deliver revenue solutions for accommodations providers worldwide. The collaboration will combine IDeaS’ latest revenuemanagement solution with Cloudbeds’ hospitality management platform.
of the accommodation in this hotel is occupied, which makes one ruminate.' A nice joke but for hoteliers RevenueManagement is no laughing matter. Only 12.5% So wrote the humorist, Moose Allain, on X, formerly Twitter.
Dallas, USA – Brittain Resorts & Hotels (BRH), a leading full-service hospitality management company, has adopted SiteMinder, the name behind the only software platform that unlocks the full revenue potential of hotels, as part of its newly-announced business intelligence technology matrix. It can literally cost us millions.
What is a booking management system? A booking management system is a tool that enables a business such as a hotel to easily manage reservations, revenue, and guest experiences. In this article, well tell you everything you need to know about booking management systems and how they work for your hotel.
Hilton Sydney welcomes new GM Hilton Sydney has appointed Malcolm Zancanaro as the new General Manager of the hotel. I am excited to take on the role of General Manager at Hilton Sydney and appreciate the opportunity to lead such a capable and committed team that has achieved so much under the leadership of Hayden Hughes,” said Zancanaro.
STAAH’s tools helped standardise booking operations, enhance OTA performance and establish a tech-forward approach to revenuemanagement. The STAAH channel manager with its 200+ OTA connections helped improve reach and allows multiple channels to be managed through one single dashboard.
Delegates can expect power sessions on revenuemanagement, the intelligent guest journey,on-property technology andOTAs, as well as a Q&A with Agilysys, Sales Engineer, Asia Pacific, Chris Ormiston, on boosting profitability and guest satisfaction. A topic many hoteliers will be interested in is the OTA and Distribution Outlook.
ARMA and Allara Learning Launch New Revenue and Yield Management Fundamentals Course. The Australian RevenueManagement Association (ARMA), in collaboration with Allara Learning, is thrilled to announce the launch of a brand new, nationally accredited course in Revenue and Yield Management Fundamentals.
In this blog, well explore how hoteliers in India, especially in nearby cities like Varanasi, Gorakhpur, Chitrakoot, Lucknow, and Ayodhya, can prepare to accommodate the surge in travelers and capitalize on this once-in-a-lifetime event. During the 2013 Maha Kumbh, the event generated approximately 12,000 crore ($1.45
Competition for hotels grew, and prices started to fluctuate more as revenuemanagement systems made pricing strategies more sophisticated. After that, the deciding factor was the level of accommodation, identified by star rating, while experienceswhat to do once arrived and the overall vibe of the hotelwere an afterthought.
STAAH’s innovative channel management solutions harness the power of Oracle Cloud Infrastructure to help optimize hotel revenuemanagement and streamline operations. By running on OCI, STAAH delivers enhanced performance, scalability, and security, empowering hotels to improve operational efficiency and increase revenue.
Since the early days revenuemanagement has been applied in hotels, there has been an intriguing ongoing discussion. I have been in hotel revenuemanagement consulting since 2006, and it is a question that keeps coming back. The term for turnover used in a hotel is revenue. How can I make more profit with my hotel?’
What is revenuemanagement consulting? Revenuemanagement consulting is specialised expertise that a business can bring in to gain guidance on managing and optimising revenue. An investment in hotel revenuemanagement services is therefore one that can quickly deliver an attributable return.
Berlin, Germany – SiteMinder, the name behind the only software platform that unlocks the full revenue potential of hotels, has today released its industry-leading platform on mobile, to give accommodation providers the power to execute their property’s revenuemanagement strategy and mitigate real-time risks, free from their desk.
Berlin, Germany SiteMinder, the worlds leading hotel distribution and revenue platform, has identified the five key factors behind the rising demand for accessible revenuemanagement solutions in the global accommodation industry. Navigating hotel revenuemanagement today is no small feat.
The data, comparing bookings at the same properties across nine markets 30 days before Easter in both 2024 and 2025, reveals stronger demand and travelers securing their accommodation earlier and increasingly looking beyond their home countries. These global trends are reflected in the U.S. extra bookings for each of these properties.
As a hotelier, you're likely aware that effectively managing event spaces, such as conference halls and banquet rooms, can significantly boost your hotel's revenue. Yes, optimized banquet space management contributes around 15% to 20% of total earnings. But have you been able to get it right?
Introduction This new focus acknowledges that while revenue is crucial, it is the profitability that ultimately determines a hotel’s financial health and success. Profitability management encompasses a broader perspective, considering factors like cost control, efficient resource utilization, and value creation for guests.
South Australian accommodationmanagement business M&G Hotel Group has bolstered its nine-year partnership with Choice Hotels Asia-Pac, with the addition of two new properties, Econo Lodge Port Augusta and Econo Lodge Dockside Glenelg. It is very clear to me that M&G and Choice share the same values.
SiteMinder has identified the five key factors behind the rising demand for accessible revenuemanagement solutions in the global accommodation industry.
All employees are revenuemanagement ambassadors for their organisations. Everyone contributes to the revenue success of a business in both direct and non-direct ways. The impact of operational performance on revenue cannot be overlooked.
The New Zealand and Pacific property categories awarded in Auckland on November 1 include the following: Property Awards New Zealand Apartment Hotel New Zealand Regional Property New Zealand Meetings and Conferencing Property New Zealand Boutique Hotel New Zealand Midscale Hotel New Zealand Upscale Hotel New Zealand Luxury Hotel New Zealand Lodge New (..)
As Fabian Bartnick , Founder of revenuemanagement solutions Infinito and PerfectCheck , points out: Everybody is now looking to monetise events and someone is controlling their supply. So, the entire spectrum of revenuemanagement that is happening [for events] has widened from just ticket sales.
The “HospiTech” space is awash with solutions that promise they are the new panacea or can provide silver bullets to unwary hoteliers; non more so than “All-in-One Property Management System (PMS)” providing channel management and booking engine capabilities (as well as of course managing reservations).
We organize all of the trending information in your field so you don't have to. Join 19,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content