Remove Cancellation Remove Resorts Remove Revenue Management
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The 15 Biggest Revenue Management Myths & Misconceptions

Xotels

Think revenue management is just for the big hotel chains or that it’s all about jacking up prices? Believe me when I say, as the COO of a revenue management consulting firm, that at least one of the below misconceptions is draining your hotel’s profits faster than a leaky faucet. Quite the opposite.

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Tryp.com: Expert guide for hotel owners

SiteMinder

Because the platform curates packaged itineraries, cancellation volumes stay lower than on bargain-only flash-sale sites. Plus, when you connect Tryp.com to SiteMinder’s channel manager, inventory and rate updates flow through automatically, preventing mismatches and accidental overbooking. Start with your channel manager.

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How Hotels Can Use Data Analytics To Anticipate And Manage Peak Season Demands

Hotel Speak

For instance, beach resorts may experience surges during summer months, while urban hotels might see increased bookings during major conferences or festivals. Revenue Management Systems (RMS) historical pricing data, demand curves, forecasted occupancy. What role does dynamic pricing play in revenue management?

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RoomRaccoon Introduces RaccoonRev Plus: AI-Powered Pricing To Make Independent Hotels More Profitable

Hospitality Tech

RaccoonRev Plus is engineered to bridge the gap between basic rule-based pricing and the full complexity of traditional Revenue Management Systems (RMS). Looking beyond revenue, van Dyl sees this as the first step in RoomRaccoons broader AI journey. “Revenue management is just the beginning.

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In times of uncertainty, hotels have a reason to lean in

SiteMinder

We certainly felt the impact, especially going into March,” says Christopher Ellison, Vice President of Revenue at Brittain Resorts and Hotels, a full-service hospitality management company based in the Southeast region. Herein lies the case for revenue managers to work more closely with hotel operations.

Revenue 59
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Booking.yeehaw! riding the Booking.com ranking reshuffle rodeo

eHotelier

Initially, reviews were just something you responded to, then we learned to take advantage of review insights for operations, and now they even have the potential to be a revenue management tool. Do stricter cancellation policies impact revenue? Amy summed it up: “Your reviews are your story. It depends.

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Gen AI Becoming Top Source For Travel Discovery

Hospitality Tech

It also included focused deep dives for 13 categories: grocery stores, packaged food, alcoholic beverages, quick service restaurants, beauty retailers, beauty brands, clothing, footwear and accessories retailers, drugstores and pharmacies, DIY and home furnishing stores, consumer electronics, online travel agencies, airlines, and hotels and resorts.

Travel 52