Remove Consumer Remove Events Remove Yield Management
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Top 10 Revenue Management Tools: The Ultimate Revenue Toolkit

Xotels

Luckily, from our experience as a revenue management consulting company, we’ve learned many tools that will simplify your life, help cut-out time-consuming tasks, and also enable you to open new streams of revenue! Channel Management System Managing multiple OTAs, your website, and other channels manually?

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What is Yield Management: Guide for Hotels

SiteMinder

What is Yield Management? Yield management is a pricing and revenue management strategy that is used to maximise business performance. It involves adjusting prices based on predicted demand and other external factors to maximise revenue or yield. A similar principle can apply to distribution.

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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. Furthermore, we will provide examples of successful yield management strategies and offer tips on how to implement them in your hotel.

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Intellisoftware Join Forces with the Australian Revenue Management Association (ARMA) in Major Strategic Partnership 

Hotel Management

Intellisoftware will also gain a seat on ARMA’s Skills Council to provide input for ARMA’s nationally recognised and accredited VET qualification in revenue and yield management launching this year. Melissa Kalan ARMA CEO, sharing her insights on the partnership stated, “This collaboration marks a significant milestone for us.

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A history lesson in revenue management and the top challenge facing today’s hotels

SiteMinder

The exact genesis of yield management (now revenue management) in the hospitality sector is hotly debated,” says Stuart-Hill. These events are important to the evolutionary history of revenue management, as revenue managers were tasked with helping find additional revenue sources for their properties,” explains Stuart-Hill.

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What is a hotel reservation system and why is it important?

Cloudbeds

If the components aren’t integrated, the revenue manager must perform these tasks manually, a time-consuming and error-prone process. Based in Germany, Protel is a legacy PMS provider that also offers a website booking engine, mobile app, and events software. Central reservation systems and booking engine Cendyn.

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What is cost based pricing? Example and strategy

SiteMinder

Learn more Key factors to consider when implementing the cost-based pricing method Implementing cost-based pricing requires a thorough understanding of various factors that could impact the effectiveness of this pricing strategy, as well as a mastery of yield management.