Remove Average Daily Rate Remove Revenue Management Remove Scale
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Canary Technologies Raises $80M Series D

Hospitality Tech

“Through intelligent, enterprise-grade solutions, we’re helping hotels run smarter, deliver faster service and create more personalized guest experiences at scale. Optional Add-On: UAT Environment – For enterprise-scale testing and validation.

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8 Essential Features To Consider When Choosing a Revenue Management Solution for Your Hotel

STAAH

Hoteliers need to employ smart strategies to optimize revenue and profitability. One of the most powerful tools in their arsenal is a robust Revenue Management Solution (RMS). In the ever-evolving hospitality industry, staying competitive demands more than just offering great accommodations and service.

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Investing in Business Intelligence: Transforming Hospitality Through Data

Amadeus Hospitality

Hoteliers are recognizing the immense value that data brings to their business, from understanding drivers of demand to developing effective revenue management strategies. But the big question is – how willing are they to invest in new technology?

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From guesswork to predictive power: The evolution of hotel demand forecasting

Cloudbeds

Understanding future demand trends, their causes, and the guest segments driving them can help hotel revenue managers adjust room rates to boost occupancy and sales. Managers can use it to budget, allocate resources, streamline inventory management, and improve the guest experience. This forward-looking data (e.g.,

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2023 in Review: A Year of Improving the Travel Experience for Everyone, Everywhere

Amadeus Hospitality

Large-scale sporting events such as France’s Rugby World Cup substantially impacted hotel occupancies. This will provide Hilton with direct access to the valuable insights of Demand360+ through the hotel chain’s GRO revenue management system. Amadeus 2023 has taken our world and our industry to places we’ve never been before.

Travel 97
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Hotel Star Reports: What are they and how to read them

SiteMinder

The company is the recognised leader in hotel industry benchmarking and provides market data including supply and demand and market share information on a global scale. For example, STR data reveals that the average occupancy rate across US hotels in August 2022 was 66.5%, and the average daily rate was US$151.49.

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The beginner’s guide to hotel room price optimization

Cloudbeds

A question that likely keeps you up at night is, ‘How can I boost revenue per available room (RevPAR) and outpace my competitors?’ It’s the bedrock of hotel revenue management , and for good reason. But it’s not solely about revenue. Why is hotel price optimization an essential pillar of revenue management?

Revenue 52