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Total Revenue Management - Casino Hotels

Hospitality Net

Casino hotels comprise only a tiny fraction of hundreds of thousands of hotels across the world. Perhaps due to this limited scope, the industry lacks universal performance metrics, and casino customers might find frustratingly varied booking experiences across different brands.

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This Week’s Comings & Goings

Lodging

Expotel Hospitality announced Bret Chittenden, formerly the firm’s chief operating officer, has become its new president. Crestline Hotels & Resorts, LLC announced the appointment of Leah McFarland as senior vice president of revenue strategy. Chittenden has been part of the company since its inception in 1999.

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Key appointments: La Vie, Salter Brothers Hospitality, SH Hotels

Hotel Management

Harris will manage the 2024 opening of 1 Hotels and Homes Melbourne, followed by the 2026 arrival of Treehouse Adelaide, with both properties representing brand debuts in Australia. Reporting to CEO Tash Tobias, Thompson will be responsible for sales, revenue management and reservations functions of the business.

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Benefits of Yield Management in the Hotel Industry

Inn Quest

Anyone who has worked in the hospitality industry for a few years would enthusiastically attest to the importance of yield management in hotels, particularly in hotel revenue management. Yield management enables the adjustment of prices and inventory to meet seasonal demand, resulting in better revenue management in hotels.

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What is EBITDAR and how do you calculate it?

SiteMinder

It’s useful for businesses such as hotels, restaurants or casinos that have unique or variable rent costs. It helps analysts understand the ability of the business to generate profits, even after spending huge rent or restructuring costs as a part of its operations. This results in $1 million of EBIT (operating income).

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CRM software is changing the game for hospitality businesses

Hotelier Magazine

We used to take out ads in the newspaper and Yellow Pages,” says Edward Keenan, vice-president, Resort Operations for Clique Hotels & Resorts, of early efforts to attract guests. A sprawling resort’s needs may differ from those of a busy casino or a small boutique hotel. Do you need a system that can manage multiple properties?

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Hotel CRS: What it is and how it helps the bottom line

Cloudbeds

A hotel central reservation system is a core software platform that manages all reservations for a hotel and provides a centralized repository of the inventory of rooms on sale and their characteristics (e.g., The revenue management system (RMS). room types, maximum occupancy, stay restrictions, etc.), Busy Rooms. Sabre SynXis.