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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.
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.
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’.
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.
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?
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?
The SureStay brands are meticulously designed to offer affordable yet quality accommodations, providing guests with value without compromising on comfort or experience.
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. Choice Hotels Asia-Pac’s Chief Executive Officer, Trent Fraser, said the deal will deliver benefits for guests and incoming franchisees.
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.
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.
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.
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.
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).
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.
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).
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. Chopard Bathroom Amenities Distribution-only and cleaning-only models will be delivered through its sister offering, Platinum Services.
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.
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.
Here are key features you mut look for in your Channel Manager: 1) Advanced Integrations How many online channels does the channel manager connect with? Such as STAAH MAX Channel Manage r integrates between STAAH and Booking.com enabling accommodation providers to update all their rate plans from their STAAH channel manager.
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.
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.
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.
When it comes to luxury hospitality, every empty room represents a missed opportunity and mastering the art of revenuemanagement is paramount. Metasearch engines have revolutionized the way travelers search, compare, and book accommodations. Data-driven decision-making: Revenuemanagement relies heavily on data analytics.
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.
Few roles in the hotel industry have evolved as quickly as the revenue manager.Powered by technological advances, the rapid sharing of knowledge and online training, the discipline is synonymous with smart pricing decisions and expectations are always high in the highly competitive accommodation market. What is a revenuemanager?
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.
XOTELS – RevenueManagement eBook In the first chapter of this eBook, we will go over the definition of what is revenuemanagement in the hotel and hospitality industry. Everything will be explained from the fundamentals of revenuemanagement to more advanced practices and strategies.
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.
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.
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
Revenuemanagement is a crucial aspect of the hospitality industry, focusing on maximizing income through strategic pricing, inventory control, and demand forecasting. These frontline employees are instrumental in shaping the guest experience, impacting occupancy rates, and ultimately driving revenue.
It's important to consider that the demands of revenuemanagement have drastically changed. With rising costs, evolving guest behaviours and the varying types of accommodation businesses that have emerged, revenuemanagement now means different things to different properties.
“With a high reputation for quality service and unrivalled hospitality across its F&B spaces my initial goal is to further raise these high standards already synonymous with Hilton Sydney, while exploring avenues for further improvement in what is an increasingly competitive market for accommodation in the CBD.”
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.
Late Bookers Are Desperate Make It Work in Your Favor A week before the concert, most budget-friendly accommodations are already sold out. AI-powered revenuemanagement doesnt just suggest price hikes; it ensures that your pricing aligns with demand fluctuations , maximizing revenue without turning potential guests away.
Accommodation service providers include everything from hotels and hostels to bed and breakfast accommodations, motels, and serviced apartments. In this article, you can access relevant tips for all accommodation service providers to generate more customer revenue. Quick Menu: What is Accommodation Service?
The Evolution of Hotel RevenueManagement In its early stages, hotel revenuemanagement was a game of numbers – it was all about filling rooms and adjusting prices based on demand. As the industry evolved, so did the concept of revenuemanagement. Revenuemanagement software is a prime example.
Learn about the symbiotic relationship of revenuemanagement & metasearch Hotel metasearch channels have revolutionized the way travelers search, compare and book their accommodations. The symbiotic relationship between revenuemanagement and hotel metasearch is where the magic happens.
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. The agreement marks M&G Group’s first foray with the Econo Lodge brand.
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.
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