Skift Blog

OCTOBER 8, 2024

Skift Take: Days after getting the green light for gaming, Wynn gives a presentation to investors. Here are the highlights. Josh Corder Read the Complete Story On Skift

Forecasting

Hotel Speak

NOVEMBER 19, 2024

When it comes to revenue management, casino resorts require a different approach than traditional hotels. Implemented effectively, a solid casino-centric revenue management strategy can help casino managers market their casino to the right audience and price their products to boost bottom-line revenue.

Casinos

Hotel Business

MARCH 6, 2023

The website refresh also includes new, easy-to-navigate pages on property types, including hotels, casinos, resorts and extended stay, as well as revenue challenges, such as total profit optimization, multi-property management, forecasting and reporting. The post Duetto unveils new look appeared first on hotelbusiness.com.

Casinos

Hotel Speak

OCTOBER 19, 2023

The discussion centered on AI’s impact and use cases within hotels and casinos now and in the near future. Modern RMSs are going to need to ingest more data faster, quickly assess the data’s predictive impact, and when and where appropriate, use that data to make better pricing recommendations and improve forecast accuracy.”

Revenue

Hotel Business

JUNE 5, 2024

Upper-upscale closed Q1 with 1,999 projects/445,207 rooms, up 7% by projects and 5% by rooms YOY; upscale hotel projects stand at a record 4,093 projects with 711,510 rooms, up 7% by projects and 4% by rooms YOY; and casinos increased 6% by projects and 3% by rooms YOY to stand at 53 projects/25,023 rooms.

Pipeline

Hotel Business

OCTOBER 23, 2024

Located along the New River with scenic views and a riverwalk, the hotel is near Luke Air Force Base, Arizona State University West Valley Campus, State Farm Stadium, Desert Diamond Casino and St. WoodSpring Suites is on track for another record opening year with a forecast of 25 openings by year-end. Joseph’s Westgate Medical Center.

Pipeline

Hotelier Magazine

JUNE 3, 2024

Overall, however, throughout the next three quarters, LE forecasts an additional 952 new full-service hotels/181,148 rooms to open, totaling 1,129 new full-service hotels with 213,759 rooms to open by year-end 2024. Globally, the countries with the greatest number of full-service projects in the total pipeline at Q1 are led by the U.S.

Pipeline

SiteMinder

SEPTEMBER 20, 2022

For this reason, many hotel businesses now use a set of market forecasting tools that involve, for example, flight data. Hotels in Las Vegas on the main strip are great examples, with usually more than one F&B outlet, some forming part of an overground train network and almost all of them operating casinos and show venues.

Hospitality

Hotel Designs

DECEMBER 21, 2023

So, when it came to the $65m renovation of Wrest Point, Australia’s first legal casino, The Federal Group called on Altis Architecture who chose Modieus to help bring our interior visions to fruition. Each chapter has an original colour palette, developed by the team as part of their 2023 colour trends forecast.

Casinos

Inn Quest

APRIL 5, 2023

Yield management also allows hotels to forecast demand and plan their inventory accordingly, ensuring enough rooms are available during high-demand periods and minimizing the risk of overbooking. Another successful example of yield management in the hotel industry is the MGM Grand Hotel and Casino in Las Vegas. in five years.

Yield Management

Catala Consulting

AUGUST 30, 2022

For example, there are luxury hotels, boutique hotels, all-inclusive hotels, casino properties, spas, and lifestyle resorts. You may want to consider the following factors: Revenue and Forecasting report Sales, revenue, and forecasting reports are essential in this industry.

Hotels

Cloudbeds

MARCH 3, 2025

About Duetto Duetto is the leading revenue strategy platform for the hospitality industry, transforming how more than 6,000 hotels, casinos, and resorts worldwide price their rooms and event spaces.

Revenue

Hotel Business

NOVEMBER 20, 2024

hotel construction pipeline, with full-service projects—encompassing luxury, upper-upscale, upscale and casino properties—representing 2,295 projects and 349,812 rooms, or 37% and 48% of the total pipeline respectively. Overall, however, full-service developments are commanding a more substantial portion of the U.S.

Services

Hotel Business

JANUARY 17, 2025

The growing importance of AI AI is a powerful tool for revenue management, with predictive forecasting, dynamic pricing and competitive intelligence seen as its most impactful features. For the first time, weve expanded our scope to include meetings and events businesses and deeper insights from casinos, said David Woolenberg, CEO, Duetto.

Revenue Management