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
With all the changes impacting hoteliers so quickly—the need for hotels to do more with less, continuing pressures on margins, the rapid rise of AI—it’s time for new paradigm in revenuemanagement, one rooted in scientific rigor, data integration and interdisciplinary collaboration.
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. See NZ-Pacific winners awarded in Auckland here.
Be it luxurious accommodations, exclusive dining, or wellness experiences, Songkran visitors crave it all. ” Offer irresistible packages that blend accommodation with local experiencesthink water fights, Thai New Year rituals, and cultural excursions. During Songkran, travelers dont just stay longer; they spend more.
Established in 2016, RevenYou is a specialist consultancy firm supporting accommodation businesses across Australia, New Zealand, and the Pacific with revenuemanagement, sales, marketing, and systems integration. Unlocking profit for its clients has become synonymous with the brand over the years.
Competition for hotels grew, and prices started to fluctuate more as revenuemanagement systems made pricing strategies more sophisticated. Although hotels used a rate shopping tool to keep track of compset rates automatically across all sales channels, the basic elements of compsets didnt change.
High-value guests and corporations will engage companies connected to the GDS to book not only accommodation but sometimes entire travel packages. A successful strategy depends on diversification, value-added sales, and an ability to capitalise on the right opportunities at the right time.
Offering a perfect blend of 19th-century grandeur and modern hospitality, Casa Palacete 1822 stands as one of Granada’s most distinctive boutique accommodations. With just six rooms, each accommodation represents a significant portion of potential revenue, making optimal distribution across multiple channels absolutely crucial.
Families today want more than just beautiful accommodations; they are looking for immersive, meaningful experiences that bring them together while also allowing each family member to create their own special moments. At Kona Village, we’ve designed the resort to meet these needs in multiple ways.
Star ratings are often a traveler’s first filter when searching for accommodations. ” Ensuring your website incorporates location-specific keywords makes it easier for search engines to recommend your hotel to those searching for accommodation in your area.
A Quiet AI Win in a Noisy Market While the hospitality AI conversation often focuses on chatbots, revenuemanagement, or marketing automation, Smart Tips stands out for its quiet practicality. Ryan Hamilton, Co-Founder of SalesAndCatering.com, added, âWeâre thrilled to welcome Champion Hotels to the STS Cloud family.
These models often lack the context and transparency revenuemanagers need to understand pricing decisions. âWhy This Rateâ is TakeUpâs answer to that concern: a feature that makes AI-powered pricing understandable, trustworthy, and actionable. We took this on board.
In Auckland’s vibrant Fort Street precinct, two upcoming 2025 openings will add energy to the accommodation scene. Designed with cultural artistry at its core, the hotel includes two boutique meeting rooms on the top floor – perfect for executive-level boardroom gatherings in a uniquely Aotearoa setting.
The following generic accommodation invoice template could be used by any type of accommodation business. SiteMinder’s channel manager has streamlined our bookings and inventory management. It’s especially improved efficiency, since it allows us to manage four properties at once by eliminating manual updates.”
These events often generate additional revenue from food and beverage services, accommodation bookings, and beverage sales. Challenges of Manual Event and Banquet Management Manually managing hotel events and banquets comes with its own set of challenges. It fine-tunes your banquet sales strategy.
âTogether, weâre bringing ancillary revenue into the digital core of hotel operations â where it belongs. During Gibbsâ tenure, digital sales surpassed $30 billion in 2024, with over 50% of sales through digital channels. Infor will be showcasing their latest innovations at HITEC 2025 booth 2400. We took this on board.
His tech-first approach to service design has been a cornerstone of our guest experience strategy, helping to set a new standard in premium corporate accommodation. Simon joined Urban Rest in 2022 with more than 15 years of experience across boutique and lifestyle hotels.
The RMS simplifies revenuemanagement by tracking real-time pick-up trends, monitoring competitor rates and receiving data-backed price recommendations for the next 365 days â all automatically updated across all online distribution channels. a top performer in the restaurant industry. We took this on board.
This growth mirrors increasing demand for identity-affirming travel experiences, with recent surveys showing that 76% of LGBTQ+ travellers prioritise inclusive accommodations, according to Booking.com’s LGBTQ+ Travel Report. Suppliers Research Podcast Careers Events All Insights Podcasts eLearning Tech.Ex
Overview Mews POS Tap into the power of a fully integrated, complete,purpose-built point-of-sale for hotel restaurants Capabilities ePOS Online Ordering Inventory Management POS Data and Reporting Overview Mews Marketplace 1000+ hospitality integrations, no connection fee,endless opportunities to optimize.
Offering promo codes through your website along with a well-planned hotel SEO (Search Engine Optimization) strategy ensures your website stands out when potential guests are searching for accommodations in your location. Managing offline agent bookings manually can be overwhelming. What is an Online Travel Agency?
Days Inn hotel receipt As a budget accommodation option, the hotel receipt for Days Inn ( a Best Western brand ) is perfectly simple and straightforward. Why customise hotel reservation receipts? Hotel receipts offer a great opportunity to showcase your brand.
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.
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.
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.
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?
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?
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.
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.
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.
“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.”
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.
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.
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?
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.
The accommodation, with more than 17 years in operation, is one of the most sought-after places worldwide, and has held the title of “World’s First Seven Star Boutique Hotel”. Just like all the very best hotels around the world, The Hanging Gardens of Bali is intent on prioritising guest experience.
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.
Originally published in Hotel Online Before we dive in, be sure to visit our ultimate guide to grow events and group business for an all-encompassing rundown of events, sales and catering tips, data points and best practices. Many questions are on the minds of hospitality leaders as they strategize new, creative ways to generate 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?’
A limited release of just 200 tickets will soon be available for the awards ceremony at Cordis Auckland on sale. For booking enquiries, please contact events@intermedia.com.au Ensure you are subscribed to HM to receive all updates. For all details on the nomination and judging process, to buy tickets or submit an entry, click here.
City Oasis Inn has been operating independently in the region for over 40 years as a family partnership and is set to benefit from BWH’s distribution, revenuemanagement, and sales and marketing programs from September 2024. The hotel features a swimming pool, cafe, tropical gardens and gym.
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 (..)
HotelRunner will showcase its comprehensive suite of services and products under its unified sales, operations, and distribution management platform. With a focus on empowering accommodations, travel agencies, and payment providers, HotelRunner is committed to driving growth and success in the travel industry.
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