article thumbnail

Choice partners with ARMA on revenue management training for franchisees

Hotel Management

Choice Hotels Asia-Pac is introducing mandatory revenue management training for franchisees as part of its brand standards to drive performance and consistency across the network. The post Choice partners with ARMA on revenue management training for franchisees appeared first on Hotel Management.

article thumbnail

7 Hotel Revenue Management Trends & Innovations of 2024

STAAH

As technology continues to evolve, so do the strategies and innovations within revenue management. Let’s delve into some of the key trends shaping the future of revenue management in the hotel industry: 1.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

A history lesson in revenue management and the top challenge facing today’s hotels

SiteMinder

With every passing year, revenue management 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.

article thumbnail

How Collaboration between Marketing and Revenue Management Drives Hotel Growth

Demand Calendar

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.

article thumbnail

Ignorance means risks: What revenue management means for today’s hotels and the costs of neglecting it

SiteMinder

A quick search on the internet yields a wide range of definitions for ‘revenue management’. Some of these take a theoretical, almost academic approach and, in several instances, there are iterations of revenue management’s classic definition: ‘selling the right room, to the right guest, at the right time, for the right price’.

article thumbnail

Intellisoftware Join Forces with the Australian Revenue Management Association (ARMA) in Major Strategic Partnership 

Hotel Management

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.

article thumbnail

Hotel revenue management strategies and solutions

SiteMinder

What is hotel revenue management? Hotel revenue management 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 revenue management?