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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?
Ravi Mehrotra The hospitality industry is undergoing profound transformation driven by rapid technological advancement, volatile market dynamics and heightened customer expectations. A major limitation in legacy hotel revenuemanagement practices has been the isolation of revenue teams from their marketing and sales counterparts.
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.
The number of factors identified to impact the success of a hotels revenuemanagement strategy continues to grow. I'm here to argue that there is one factor more important than all of these, and it is often overlooked in the revenuemanagement discussion.
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.
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?
The annual Duetto RevenueManagement Trends & Predictions Survey results are in! More than half, 57.1%, said revenuemanagement was more important to their business than the previous year. are currently using a revenuemanagement system (RMS), up from 82.3% This is the third annual survey from Duetto.
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.
Markets are saturated. While occupancy is still a core metric, relying on it too heavily can leave your property management business vulnerable to seasonal swings, economic uncertainty, and a volatile demand environment. Ancillaryrevenue to the rescue! If you operate in a lifestyle-driven market (e.g. Talk to us.
The data generated by modern hotel operations – from booking patterns and guest preferences to room occupancy rates and ancillaryrevenue streams – is often scattered across various siloed systems. The traditional approach to decision-making faces a new challenge.
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.
Pablo Torres, hospitality consultant and author of Mastering Hospitality AncillaryRevenue , suggests hotels need to make offerings more appealing to local travellers – citing the US as an example, a market largely driven by domestic demand. Enter: ancillary services. Is it a better view?” says Ellison.
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.
As we enter the fourth quarter of the year, hotel marketers should outline their goals for 2024. We’ve assembled a complete checklist of everything you need to create your 2024 hotel marketing budget. Email Marketing: While email is certainly not new, it is still one of the most effective marketing tactics.
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. And as hoteliers, that’s our job.
Zucchetti North America launches Lybra Assistant in North America Zucchetti North America has introduced Lybra Assistant, its next-generation revenuemanagement system (RMS), to the North American market.
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. 6/16/2025 Chris Turner Promoted to CEO of Yum!
What this implies is that if hotels are not keeping up with the trends, then they are either losing bookings or will have a hard time growing nightly rates beyond what the commoditized market-determined price commands. Have you thought about collaborating with any luxury or longevity-oriented hotel brands?
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.
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? It depends on the market. How much are you willing to risk?
A question on every hotelier's mind: how to generate more revenue in a hotel. While there's no tried and tested solution, it can be achieved by creating a good promotion plan, tapping into sources of ancillaryrevenue, upselling, and other marketing strategies.
Not only does a hospitality-focused CRM help manage guest profiles from a variety of business units, it enables hotels to drive ancillaryrevenue throughout the digital guest journey and from returning guests. This level of granularity allows exceptional personalization and more effective marketing campaigns too.
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.
Arigo, who brings 35 years of industry experience to LuxUrban, will be primarily responsible for the day-to-day operations of the company’s hotel portfolio, with a focus on enhancing property-level operations, optimizing supply chain relationships, elevating the customer experience and pursuing ancillaryrevenue opportunities across the portfolio.
These models often lack the context and transparency revenuemanagers need to understand pricing decisions. And as market conditions shift, so do the insightsâmaking this tool an agile companion in todayâs fast-moving hospitality landscape. Lets Guests Reserve Package Entitlements With Zero Staff Involvement Agilysys Inc.
Hotel profit margin is defined by the percentage of a hotel’s revenue remaining after subtracting all business expenses, including staff costs, maintenance, and marketing. With the revenue of the hotel market projected to have reached US$426.40bn by this year worldwide, it’s important to know how you can maximise your share.
Moving from merely managing hotel revenue to maximizing profit is a critical transformation that ensures your property's long-term success. This shift requires a comprehensive approach integrating cost control, strategic marketing, and top-notch guest services. Run targeted marketing campaigns to attract high-value guests.
For hotel managers and the industry as a whole, accurate forecasting is not just beneficial—it’s essential for maintaining competitiveness and profitability in a dynamic market. For instance, businesses may forecast sales or total revenue to guide their strategic planning and resource allocation.
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. You can market specific products and amenities to extended stay guests to motivate them to book with you.
Pop-up and add-on rentals are captured and tracked, increasing ancillaryrevenue without adding headcount. âFor many hotels, AV services is like the wild west â understaffed, undertrained, and under-documented,â said Eric Bracht, Managing Director of AVaStar. âOur platform gives them a playbook.
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. Segment Your Market: Not all guests are created equal.
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. Lets Guests Reserve Package Entitlements With Zero Staff Involvement Agilysys Inc.
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. Lets Guests Reserve Package Entitlements With Zero Staff Involvement Agilysys Inc.
It clarifies your marketing efforts by enabling you to pinpoint your target audience and craft effective campaigns to reach them. A solid business plan equips you to differentiate your hotel in a crowded market by highlighting your unique selling propositions. Target audience: Who are you trying to reach with your marketing efforts?
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. Lets Guests Reserve Package Entitlements With Zero Staff Involvement Agilysys Inc.
Hoteliers are recognizing the immense value that data brings to their business, from understanding drivers of demand to developing effective revenuemanagement strategies. The power of data to boost efficiency and increase revenue The benefits of business intelligence are tangible.
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. Segment Your Market: Not all guests are created equal.
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. Lets Guests Reserve Package Entitlements With Zero Staff Involvement Agilysys Inc.
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?
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