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For years, the gold standard guiding business strategies for hotels has relied heavily on historical data, analyzed a few times a year (at best), making it difficult to swiftly respond to changing market conditions. For hotels, this includes making dynamic rate suggestions and identifying segments and offers for marketing campaigns.
As a leader in revenue management consulting , were always at the forefront of what is happening in the hotel industry and keeping a close eye on how revenue management trends keep evolving. While questions like What are the top trends in revenue management for 2025?
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.
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 revenue management, one rooted in scientific rigor, data integration and interdisciplinary collaboration.
Hotelforecasting is a critical component of successful hotel management, serving as the foundation for strategic decision-making and operational efficiency. 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 hotelrevenue management.
Hotel management system provider RoomRaccoon has unveiled its annual global report, RoomRaccoon Report 2022, “A Year of Impact: What’s Next?” Hotels are generating better revenue. Revenue per available room (RevPAR) this year is up 46% compared to 2021. Domestic tourism is still going strong.
All devices are connected to Anacoveâs AI-powered cloud system, which treats the hotel as a unified ecosystemâ delivering automated reports and actionable insights that show clear ROI and support smarter operations. The integration is being demonstrated at LG Booth 3805 at HITEC 2025.
Let’s be honestrunning a hotel while managing its revenue at the same time is a balancing act. From making sure staff, guests, and smooth operations are all attended to, we can understand why revenue management so frequently gets put on the back burners. What Are Revenue Management Tools?
The travel and hospitality sector, in particular, has recalibrated its outlook for the year, with some global hotel brands lowering their RevPAR guidance as they navigate the current climate with a mix of caution and quiet confidence. According to Tourism Economics’ latest forecast, 2025 remains on track to achieve over 1.6
We have written extensively about hotelrevenue management strategies and tactics here throughout the years. As strategy is one of the most essential parts of revenue management, we have made a summary of all the top advice from our perspective as a hotelrevenue management consulting company.
Hospitality.today⢠Topics Subscribe Topics ⺠Hospitality ⺠Guest Experience Airbnb expands its reachâwill hotels keep up? While some hotel executives appear unfazed, seeing operational challenges in Airbnbâs model, others warn the hospitality industry risks missing out on loyalty-building and ancillaryrevenue opportunities.
The portfolio of solutions provides full-service, mid-scale, and limited-service hotels a range of connectivity options for delivering customized guest Wi-Fi experiences that meet the unique demands of each market segmentâfrom luxury to budget hotels.
The annual Duetto Revenue Management Trends & Predictions Survey results are in! After weeks of polling hoteliers from around the world, we can now deep-dive into the results and see what trends and predictions hotel teams are looking at for 2024. This is the third annual survey from Duetto. out of 5 in 2023.
What is revenue optimization? Revenue optimization in hotels is a comprehensive strategy that accounts for all revenue streams and uses data to enhance the overall revenue performance of the business. Included in this will be key metrics, forecasting models, and trending insights.
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. âOur platform gives them a playbook.
BHN editor Eloise Hanson outlines six hotel and travel trends expected to shape the industry in 2023. Hotel e-tail. In fact, research from HVS shows that over the past 50 years, daily rates across London hotels have grown 0.75 In Bullingham’s words, hotels need to be more like Selfridges. percentage points.
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This is as critical for the modern generation of residents and guests, as white glove service was for prior generations.â The new release introduces an easy-to-use single-pane-of-glass style portal, which makes the entire platform intuitive and usable by non-specialist hotel employees.
XOTELS – Revenue Management eBook In the first chapter of this eBook, we will go over the definition of what is revenue management in the hotel and hospitality industry. Everything will be explained from the fundamentals of revenue management to more advanced practices and strategies.
â 6/15/2025 HITEC 2025: UrVenue Launches UrResort UrVenue launches UrResort , its newest product developed in response to the growing demand from hotels and resorts for a more tailored solution. This includes brand.com websites, loyalty apps, and mobile platforms â something large hotel groups have traditionally lacked.
We have written extensively about hotelrevenue management strategies and tactics here throughout the years. As strategy is one of the most essential parts of revenue management, we have made a summary of all the top advice from our perspective as a hotelrevenue management consulting company.
What is a hotel business plan? A hotel business plan is a comprehensive document that outlines your hotel’s goals, strategies, and financial projections. It serves as a roadmap for your hotel’s success, helping you attract investors, secure funding, and make informed decisions about your operations.
This approach implies higher rates during peak seasons and lower ones during off-peak periods, leading to an optimized revenue yield. Improved Forecasting: Resort revenue management allows establishments to make accurate demand predictions. Such services might include dining, spa services, on-site entertainment, or event fees.
Whether you accept transient or group business to your hotel is more than just a revenue management question. And what is the philosophy of the hotel, the ownership, the general manager, and other stakeholders? For this scenario, we’re thinking about just a room without considering F&B or any other revenue streams.
You’ve got a hotel, right? Well, buckle up, because I’m about to spill the beans on how to squeeze every last penny out of your hotel venture. So, grab a cup of coffee, get comfortable, and let’s dive into the nitty-gritty of how to make your hotel a money-making machine. Trust me, this is going to be fun.
Moving from merely managing hotelrevenue to maximizing profit is a critical transformation that ensures your property's long-term success. Here's a detailed guide on transforming your hotel's revenue management to focus on profit maximization. Read Also: What is Dynamic Pricing in Hotels?
As a leader in revenue management consulting , we’re always at the forefront of what is happening in the hotel industry ─ and keeping a close eye on how revenue management trends keep evolving. While questions like “What are the top trends in revenue management for 2024?”
As a leader in revenue management consulting , we’re always at the forefront of what is happening in the hotel industry ─ and keeping a close eye on how revenue management trends keep evolving. While questions like “What are the top trends in revenue management for 2024?”
You’ve got a hotel, right? Well, buckle up, because I’m about to spill the beans on how to squeeze every last penny out of your hotel venture. So, grab a cup of coffee, get comfortable, and let’s dive into the nitty-gritty of how to make your hotel a money-making machine. Trust me, this is going to be fun.
Youve got a hotel, right? Well, buckle up, because Im about to spill the beans on how to squeeze every last penny out of your hotel venture. Were going to get down and dirty with the real-world strategies that we have actually seen working as a revenue management consulting company. Alright then, lets cut to the chase.
Hotel Business spoke with Michael McCartan , the newly appointed area VP for Europe, the Middle East and Africa (EMEA) for IDeaS while he is at travel trade show ITB Berlin. What is the vibe in the European hotel community? What’s new in RM, what are global revenue managers focused on? As in the U.S.,
Hold onto your room keys—2025 is the year hotels go high-tech! In this article, discover 12 game-changing tech tools transforming hotels into smart, guest-focused havens. That’s the magic of smart hotel tech ! It's as if you carry your hotel in your pocket! Ready to future-proof your property?
Jacob Messina, SVP of Technology & Innovation at MCR Hotels Artificial Intelligence (AI) is everywhere right now. We’re going to look at: This guide builds on my guide to hotel automation and is focused on hotel operators , though I hope other industry participants will find it useful as well.
Powered by automation, advanced algorithms, artificial intelligence (AI) and both hotel booking and third-party data, the new platform brings together every part of hotelrevenue and operations—pricing, forecasting, reporting, group optimization, loyalty and profit insight—under one roof. tablet to staff. Agilysys Inc.
But then, as I got deeper into the trenches of optimising hotel performance and lets be real, a few sleepless nights staring at spreadsheets it dawned on me. And understanding it isn’t just about sounding smart at industry events (though thats a nice bonus), its about unlocking the true potential of your hotel property.
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