STAAH

APRIL 2, 2024

Effective revenue management provides hoteliers with a clear roadmap for pricing and optimisation, while acting as a gauge to measure success. What is a Revenue Management Solution for Hotels? What is a Revenue Management Solution for Hotels? How Do They Work? How Do They Work?

Revenue Management 80

Revenue Management Revenue Management Hotels 80

Catala Consulting

JANUARY 18, 2024

In the dynamic world of hospitality, the UK market stands out as a beacon of innovation and adaptation, particularly in the realm of hotel revenue management. This article explores the top trends in hotel revenue management, yield management, and revenue management in the UK, offering insights and strategies for hotel professionals.

Revenue Management 52

Revenue Management Revenue Management Market 52

Catala Consulting

FEBRUARY 19, 2024

In an era where consumer expectations are at an all-time high, the traditional one-size-fits-all approach to customer interaction no longer suffices. This is particularly true in the dynamic field of revenue management, where personalization can make or break the customer experience. Contact Us Facebook Twitter LinkedIn

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Revenue Management Revenue Management Business 52

Xotels

MAY 30, 2024

Since the early days revenue management has been applied in hotels, there has been an intriguing ongoing discussion. I have been in hotel revenue management consulting since 2006, and it is a question that keeps coming back. What drives more value to the business, ADR, average daily rate, or occupancy?

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Revenue Management Occupancy Revenue Average Daily Rate 40

Catala Consulting

JANUARY 8, 2024

Introduction Revenue Management Systems (RMS) are the cornerstone of modern hospitality and travel industries. The Beginnings: 1970s and 1980s Origin in Airlines : The concept of Revenue Management originated in the airline industry post-deregulation. Don’t let the complexities of revenue management hold you back.

Revenue Management 52

Revenue Management Revenue Management Forecasting 52

Hotel Speak

AUGUST 9, 2023

In the dynamic landscape of the hospitality industry, effective hotel revenue management stands as a cornerstone for optimizing profits. Understanding the Essence Hotel revenue management is a strategic process encompassing the precise pricing of hotel rooms to unlock their full revenue potential.

Revenue Management 52

Revenue Management Revenue Management Upsell 52

Hospitality Net

APRIL 9, 2024

In today’s competitive hospitality landscape, hotels are facing increasing pressure to optimize their revenue streams and stay ahead of industry shifts.

Revenue 168

Revenue Digital Marketing Revenue Management Consumer 168

STAAH

OCTOBER 5, 2022

The leading cloud-based hospitality solution specialist STAAH has partnered with Revnomix Solutions LLP, a seven-year-old revenue management firm with a Global presence, which provides revenue management services to hotels. We are delighted to partner with Revnomix, a leading player in the revenue management space.

Revenue Management 85

Revenue Management Revenue Management Retail 85

Catala Consulting

NOVEMBER 18, 2023

The Evolution of Hotel Revenue Management In its early stages, hotel revenue management was a game of numbers – it was all about filling rooms and adjusting prices based on demand. As the industry evolved, so did the concept of revenue management. Revenue management software is a prime example.

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Revenue Management Revenue Management Hotels 52

The Cosmos

JANUARY 23, 2023

Hotel revenue management is an important tool for hoteliers to use in order to maximize profits and remain competitive in a crowded industry, but it is a complex machine. This blog delves into hotel revenue management : what it is, how it works, and the critical role it plays in a hotel’s overall success.

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Revenue Management Revenue Business Management 52

Hotel News Resource

APRIL 9, 2024

In today's competitive hospitality landscape, hotels are facing increasing pressure to optimize their revenue streams and stay ahead of industry shifts.

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Revenue Digital Marketing Revenue Management Consumer 45

Hotel Business

MARCH 25, 2024

In her new role, Kunduri will head up the software product delivery functions within Choice’s technology team in support of its portfolio of hotel brands, revenue management, membership rewards and more. In 2003, Choice launched the industry’s first cloud-based property management system (PMS), choiceADVANTAGE.

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Revenue Management Hotels Revenue Consumer 64

Hotel Speak

MARCH 8, 2024

Revenue leadership at Frasers Hospitality Pte Ltd believes that technology spend will increase in 2024, with tech infrastructure, cybersecurity, integration, and AI solutions being at the top of the priority list, according to Sheran Loh, Vice President, Revenue Management (Corporate), Frasers Hospitality.

Revenue Management 89

Revenue Management Revenue Digital Marketing Hotels 89

Hotel Business

FEBRUARY 29, 2024

Accor has chosen IDeaS as its global revenue management software (RMS) provider for its global brand portfolio of more than 5,600 hotels in more than 110 countries. The developed solution with IDeaS serves our unique, extensive and diverse brand portfolio and global footprint.”

Revenue Management 59

Revenue Management Revenue Scale Branding 59

Amadeus Hospitality

SEPTEMBER 8, 2023

Going beyond the existing integration with iHotelier ®, Amadeus , a global provider of hospitality technology solutions, and BEONx , a leading hospitality revenue management service provider, announce an extension of their partnership to bring comprehensive business intelligence to BEONx customers that subscribe to Demand360®.

Revenue 59

Revenue Revenue Management Occupancy Business 59

Hotel Business

APRIL 19, 2023

These trends continue to be driven by worldwide inflation and a retraction in consumer spending, but hotels persevere despite the naysayers. Hotels can also anticipate more significant shifts in their business mix going forward, with 75% of global consumers admitting to adjusting their shopping habits throughout the pandemic.

Revenue Management 52

Revenue Management Forecasting Consumer Occupancy 52

Demand Calendar

FEBRUARY 8, 2024

Hotels rely on diverse systems to manage everything from reservations and guest services to housekeeping and revenue management. Cumbersome Data Management: Hotel staff logs into numerous systems to access different types of information, a time-consuming process prone to errors.

Management 67

Management Revenue Management Hotels Consumer 67

Hotel Business

MAY 3, 2023

Meyer Jabara Hotels has promoted Heather Sanborn to the position of corporate director of revenue management. Previously serving as regional director of revenue management, Sanborn is now responsible for overseeing the entire portfolio and assisting regional revenue managers in their day-to-day tasks.

Revenue Management 52

Revenue Management Revenue Forecasting Management 52

Hotel Business

MARCH 7, 2023

The vibe in the global community is cautiously optimistic, as the intent to travel by consumers worldwide is undeniable. everyone is watching the cost of labor, rising rates, the levels of discretionary consumer spending in a high-inflation environment and the hoped-for recovery of business travel alongside leisure.

Consumer 52

Consumer Ancillary Revenue Revenue Management Revenue 52

SiteMinder

JANUARY 21, 2024

Quindipan , the Revenue and Reservations Manager at bai Hotel Cebu, plays a pivotal role in the hotel’s operations by overseeing revenue management and reservations to ensure a seamless experience for guests. Maria Lourdes “Leng” S.

Operations 98

Operations Revenue Revenue Management Hotels 98

Hotel Business

JUNE 21, 2023

AI technology is already having a massive impact on society, and a recent report from PwC estimates AI could add nearly $16 trillion to the global economy by 2030 and account for nearly half of all economic gains through product enhancements, increased consumer personalization and affordability over time.

Consumer 98

Consumer Revenue Management Hospitality Operations 98

Cloudbeds

APRIL 15, 2024

The hospitality industry is notorious for the number of time-consuming and tedious tasks that must be completed every single day. From checking in guests and entering reservations to managing rates and assigning rooms, many hotels still perform a lot of manual tasks.

Revenue Management 98

Revenue Management Hotels Operations Revenue 98

Inn Quest

APRIL 3, 2023

For instance, online booking systems, channel managers, and revenue management software can help you manage reservations, room rates, and availability across different channels. This includes implementing mobile check-in and keyless entry , using guest messaging platforms, and providing digital guest directories.

Operations 88

Operations Revenue Management Forecasting Revenue 88

Webrezpro

FEBRUARY 5, 2024

Collected here are various statistics and forecasts to inform you of important global and local trends, revenue drivers, cancellation rates, market insights, and guest/consumer preferences. Knowing your numbers lends valuable insight for hoteliers as they plan and strategize for the year ahead.

Cancellation 86

Cancellation Forecasting Consumer Hospitality 86

Cloudbeds

APRIL 30, 2024

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 Management 52

Revenue Management Revenue Occupancy Hotels 52

Cloudbeds

FEBRUARY 28, 2024

The reservation system acts as the central hub of the reservation ecosystem, which may also include a website booking engine, channel manager, and revenue management system. When integrated, these modules work together to help hotels manage room availability, distribution, reservations, and revenue. Guestcentric.

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Revenue Management Revenue Hotels Operations 98

Inn Quest

FEBRUARY 1, 2023

As we head into 2023, the hotel industry faces several challenges and changes that hotel managers need to be aware of to be successful. Here’s a quick guide hotelier can follow to stay successful in hotel management for 2023. Here’s a quick guide hotelier can follow to stay successful in hotel management for 2023.

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Management Consumer Hotels Overbooking 88

TravelNet

JUNE 26, 2023

In today’s economic climate, it is more important than ever for vacation rental property managers to have a well-defined playbook. With changing consumer behaviors and spending patterns, it is crucial to adapt and implement ways to maximize revenue and control costs. Track will automate this pricing for you.

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Revenue Management Revenue Occupancy OTA 52

Hotel Speak

FEBRUARY 15, 2024

Boasting an international team of specialists with deep expertise in hospitality, product design and consumer marketing, the company offers clients a full stack growth platform to power their direct channel.

Digital Marketing 110

Digital Marketing Revenue Online Sales Revenue Management 110

Hotel Business

MAY 16, 2023

This will give your management team access to a centralized data hub that can drive business decisions. Additionally, hoteliers should find the right balance of automation to support revenue management. Are there any other best practices hoteliers should consider to maximize revenue? That integration has gone well.

Revenue 96

Revenue Revenue Management Occupancy Operations 96

Hotel Management

JUNE 29, 2023

Pro-invest adds broad range of industry talent to revenue team Donna Rodios Pro-invest Hotels has made three key appointments to its revenue team, with the addition of Donna Rodios as Head of Revenue, Kelly Brady as Portfolio Revenue Director, and Kate Heather as Portfolio Revenue Manager.

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Revenue General Manager Revenue Management Tourism 130

Hotel Management

AUGUST 7, 2023

He will oversee the consumer strategy for the region including Brand Management, Marketing, Sales, Distribution, Revenue Management, Loyalty, Customer Experience, Digital and Communications. John Toomey has been appointed Chief Sales and Marketing Officer, Asia Pacific (excluding China) after 27 years with the business.

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General Manager Digital Marketing Management Market 237

Hotel Speak

APRIL 12, 2023

We caught up with Suzanne Swafford, SVP of Revenue Management, Tishman Hotel Corporation, to find out what she thinks are the challenges and trends to look out for in 2023. Hotels have always been slow to change, but today’s consumer is looking for unique and individual experiences.

Revenue Management 52

Revenue Management Revenue Real Estate Hotels 52

Catala Consulting

DECEMBER 28, 2023

In recent years, the hospitality industry has seen rapid changes in guest expectations, largely driven by technological advancements and changing consumer values. Revenue Management: Advanced revenue management techniques, often involving predictive analytics and dynamic pricing, have allowed hotels to maximize occupancy and revenue.

Management 52

Management Revenue Management Revenue Hotels 52

Cloudbeds

MAY 31, 2023

Rate shopping helps answer the eternal question in hotel revenue management, “How much should we charge for our rooms?” The ultimate objective of rate shopping is to achieve maximum revenue and profitability for the property by growing the average daily rate (ADR) and occupancy and capturing the optimal business mix.

Revenue Management 52

Revenue Management Shopping Average Daily Rate Revenue 52

Social Tables

MARCH 22, 2024

Economic trends, consumer preferences, and travel restrictions consistently shift, affecting how the industry operates. The conference focuses on innovation and strategic collaboration, making it especially valuable for industry professionals navigating business-to-business (B2B) to business-to-consumer (B2C) marketing.

Hospitality 78

Hospitality Events Tourism Consumer 78

SiteMinder

MAY 6, 2024

This illustrates the strong appetite amongst consumers to experience large-scale stadium events, and how the benefits spread well beyond the music and entertainment industry.” As travellers book further in advance, hoteliers are in a better position to forecast periods of heightened demand and dynamically optimise their revenue management.

Revenue 59

Revenue Accommodation Hotels Forecasting 59