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As a leader in revenuemanagement consulting , were always at the forefront of what is happening in the hotel industry and keeping a close eye on how revenuemanagement trends keep evolving. While questions like What are the top trends in revenuemanagement for 2025?
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.
For example, Cloudbeds Intelligence analyzes billions of future-looking data points, including competitor rates, events, holidays, and search information, combined with a property’s own data to understand how every combination impacts profit. Why it’s important for hotels? Why it’s important for hotels?
From making sure staff, guests, and smooth operations are all attended to, we can understand why revenuemanagement so frequently gets put on the back burners. So, let’s provide you with a list of revenuemanagement tools to simplify managing your hotel so much easier: What are RevenueManagement Tools?
Everything we do must connect to them’ helped to transform your guests experience and your approach to revenue generation? Judi: Well, I’ve come to that philosophy, not through a strategic revenuemanagement approach, but because of who we are as a business.
These models often lack the context and transparency revenuemanagers need to understand pricing decisions. Affluent travelers often have time to engage deeply with reading, and magazines provide a rich, immersive way to explore personal interests, passions, and current events. waking hours in the hotel room.
Geopolitical and economic events will no doubt continue to impact the hotel booking landscape, but the rise of the experience economy makes one thing clear: consumer demand for travel isn’t gone, it’s just changing. Enter: ancillary services. Herein lies the case for revenuemanagers to work more closely with hotel operations.
This collaboration enables hotels using Infor HMS to drive incremental revenue and elevate guest personalization by seamlessly integrating Plusgradeâs proven upsell technology into the core guest journey. âTogether, weâre bringing ancillaryrevenue into the digital core of hotel operations â where it belongs.
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. Infor will be showcasing their latest innovations at HITEC 2025 booth 2400.
Stay Package Entitlement New Dynamic ) , a technology breakthrough that increases ancillaryrevenue and guest personalization by simplifying how hotels sell and fulfill packages. âMany venues assume that having the AV equipment installed means theyâre ready,â said Eric Bracht, Managing Director at AVaStar.
Skip to main content Subscribe Subscribe Restaurants Hotels RTN Research & Reports Events CX Point of Sale More Operations Data & Analytics News Briefs The Point Webinars HT Advisory Boards Advertise Contact Us Call for Speakers form News Briefs Most recent 6/16/2025 SynXis Concierge.AI Agilysys Book with S.P.E.N.D.
Stay Package Entitlement New Dynamic ) , a technology breakthrough that increases ancillaryrevenue and guest personalization by simplifying how hotels sell and fulfill packages. âMany venues assume that having the AV equipment installed means theyâre ready,â said Eric Bracht, Managing Director at AVaStar.
Suppliers Research Podcast Careers Events All Insights Podcasts eLearning Tech.Ex Whether in the guestroom, residence, spa, fitness center, restaurant, pool or on demand, adding wellness features can augment nightly rates or ancillaryrevenues for hotels as well as unit price per square foot for apartments or houses.
IDeaS, a SAS company, a provider of hotel revenuemanagement software and services, has released its annual trends report, 5 Predictions That Will Shape Hospitality in 2025. Hoteliers will also look to automate smaller events to streamline operations and staff efficiency.
Stay Package Entitlement New Dynamic ) , a technology breakthrough that increases ancillaryrevenue and guest personalization by simplifying how hotels sell and fulfill packages. Lets Guests Reserve Package Entitlements With Zero Staff Involvement Agilysys Inc. announced the launch of Agilysys Book with S.P.E.N.D.
When AV systems are down or underutilized, itâs not just an operational failure â itâs a revenue and reputation risk.â AVaStar is changing that conversation. Pop-up and add-on rentals are captured and tracked, increasing ancillaryrevenue without adding headcount. It means optimizing across transient, group, and events.
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.
What is ancillaryrevenue? Ancillaryrevenue is when you earn income from additional services or products offered at your hotel. By offering these added touches, you’re not just boosting your revenue; you’re creating memorable experiences that make your hotel stand out. It’s a virtuous cycle.
Skift Take: Every commentary on hotel performance refers to revenue per available room as a key industry metric — RevPAR. Yet non-room revenue from cafes, co-working, spas, and events is growing in importance. Hoteliers should focus more on overall earnings per square meter. Sean O'Neill Read the Complete Story On Skift
In the fiercely competitive hospitality industry, the essence of successful resort revenuemanagement lies in data-driven decision-making. This approach is pivotal in optimizing financial performance and driving both revenue growth and guest satisfaction. Why is RevenueManagement Imperative for Resorts?
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.
As a leader in revenuemanagement consulting , we’re always at the forefront of what is happening in the hotel industry ─ and keeping a close eye on how revenuemanagement trends keep evolving. While questions like “What are the top trends in revenuemanagement for 2024?”
As a leader in revenuemanagement consulting , we’re always at the forefront of what is happening in the hotel industry ─ and keeping a close eye on how revenuemanagement trends keep evolving. While questions like “What are the top trends in revenuemanagement for 2024?”
There is no set formula to increase a hotel’s revenue, it can be achieved by creating a good promotion plan, tapping into sources of ancillaryrevenue , upselling and other marketing strategies. Optimise ancillaryrevenue. Dynamic pricing is a modern hotelier’s most effective strategy for revenuemanagement.
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.
Tock, a reservation, experiences and events platform for the hospitality industry, has partnered with Curator Hotel & Resort Collection. As Curator’s newest platform partner, Tock will empower member hotels and resorts to streamline their operations, drive ancillaryrevenue and elevate guest experiences all on one system.
Revenue optimization vs revenuemanagement In terms of definition and practice, there is a difference between revenue optimization and revenuemanagement. Table of contents Why is hotel revenue optimization important? Included in this will be key metrics, forecasting models, and trending insights.
Whether you accept transient or group business to your hotel is more than just a revenuemanagement question. It’s also a risk management question. And what is the philosophy of the hotel, the ownership, the general manager, and other stakeholders? How much are you willing to risk? Sounds good, right?
Learn more Strategies to increase hotel revenue There are a lot of strategies that can be used to increase hotel revenue – but it’s important to be focused and committed to the plans you make. Adding this extra value to guests not only brings in revenue but also provides a better traveller experience.
Additionally, the healthier your profit margin the better position you’ll be in if you ever want to sell your business or if unexpected events occur, such as the COVID-19 pandemic. Increase ancillaryrevenueAncillaryrevenue can be a huge bonus on top of your room revenue.
As we look at the importance of forecasting for the hospitality industry, it’s interesting to note that it is also a major part of the science of hotel revenuemanagement. Forecasting is the process of making predictions about future events or conditions based on the analysis of past and present data. What is forecasting?
Here's a detailed guide on transforming your hotel's revenuemanagement to focus on profit maximization. Maximizing Hotel Profit As a hotelier, you must adopt a holistic strategy that considers all revenue streams and cost factors to maximize profit.
As someone who spent his fair share of time in the trenches of revenuemanagement, I can tell you it isn’t just some fancy industry jargon; it’s a game-changer, a revenue booster, your ticket to serious profit. What is Yield Management, Really? What events drive demand in your area?
online advertising, social media, email marketing, partnerships, events) Marketing messages: What key messages will you communicate to your target audience? Offline marketing: How you will explore traditional marketing channels, such as brochures, partnerships with local businesses, and events.
CPOR can be influenced by a number of factors and can often be a representation of how effective your revenuemanagement and marketing strategies are. Inventory management: Take steps to ensure you aren’t overordering or wasting stock and supplies. What are variable costs per occupied room?
As someone who spent his fair share of time in the trenches of revenuemanagement, I can tell you it isn’t just some fancy industry jargon; it’s a game-changer, a revenue booster, your ticket to serious profit. What is Yield Management, Really? What events drive demand in your area?
Conversion Metrics: Is your website driving bookings, leads, quotes, and/or other success events? Few competitors in the area Inexpensive drive or fly market Press coverage Loyalty program creation Local partnerships Area events Threats What threats exist that might compromise your bottom line? Don’t skip this step!
Were going to get down and dirty with the real-world strategies that we have actually seen working as a revenuemanagement consulting company. What is Yield Management, Really? In a nutshell, yield management means adjusting your room rates in real-time based on demand , seasonality, events, and even the day of the week.
Contactless Technology The evolution of contactless technology has become more than just a response to global events; it’s a paradigm shift in guest interactions. Additionally, advanced revenuemanagement systems enable dynamic pricing strategies, optimising revenue in real-time.
We can set rates according to clever algorithms, which do the work of a thousand revenuemanagers. Digital nomads are likely to consume more in the hotel, boosting ancillaryrevenue. Hotels must change the way they provide services to a more flexible model, capable of adapting to the needs of an ever-changing market.
Bojanowski added that traveling for concerts and sports events, traveling to lower-cost destinations that offer similar experiences to more expensive destinations and wellness-focused travel are on the rise, and PM has implanted changes to the way it markets the hotels and prices the hotels around special events.
“When I developed HotelIQ Decision Cloud, it was very important to me to make data more accessible to the entire commercial team by breaking down the walls that traditionally exist within a hotel’s sales, marketing and revenuemanagement departments,” said Apo Demirtas, founder/CEO, HotelIQ.
Here are a few examples: Better loyalty programs: by tracking guest activity and preferences, hotels can offer personalised rewards such as discounts, free room upgrades, or access to exclusive events. This approach can lead to the creation of fresh revenue streams, heightened competitiveness, and a renewed brand appeal.
But as revenuemanagement technology and other pieces of a hotel’s commercial stack have become more effective, owners have increasingly turned to it for driving results. I don’t see sort of a whole range of AI products replacing a traditional property management system or a revenuemanagement system.
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