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As a leader in revenuemanagement consulting , were always at the forefront of what is happening in the hotel industry and keeping a close eye on how revenuemanagement trends keep evolving. While questions like What are the top trends in revenuemanagement for 2025?
For example, Cloudbeds Intelligence analyzes billions of future-looking data points, including competitor rates, events, holidays, and search information, combined with a property’s own data to understand how every combination impacts profit. Why it’s important for hotels? Why it’s important for hotels? Why it’s important for hotels?
With over 2,23,000 attendees, this event became the bands biggest show yet, smashing records and sending demand for hotel rooms through the roof. Enter AI-Powered RevenueManagement: eZee Mint AI Final Encore Some hoteliers hit the jackpot, while others? As the event dates neared, hotel rates skyrocketed. The good news?
Suppliers Research Podcast Careers Events All Insights Podcasts eLearning Tech.Ex Suppliers Research Podcast Careers Events All Insights Podcasts eLearning Tech.Ex Suppliers Research Podcast Careers Events All Insights Podcasts eLearning Tech.Ex Receive daily leadership insights and stay ahead of the competition.
The right sales tactics can help increase revenue, boost occupancy rates , and ensure guests have a positive experience. A loyalty program can encourage guests to keep coming back, which boosts your occupancy rate. Create a Loyalty Program: Reward guests for returning with discounts, free nights, or exclusive offers.
From making sure staff, guests, and smooth operations are all attended to, we can understand why revenuemanagement so frequently gets put on the back burners. So, let’s provide you with a list of revenuemanagement tools to simplify managing your hotel so much easier: What are RevenueManagement Tools?
The question is, will you seize this opportunity, or will you watch another revenue surge pass you by? For hoteliers, events like this dont come often. With a data-driven approach and AI-powered tools like eZee Mint AI , you can still maximize occupancy, increase revenue per room , and turn last-minute demand into profits.
Competition for hotels grew, and prices started to fluctuate more as revenuemanagement systems made pricing strategies more sophisticated. FREE GUIDE Dive deeper into the history of revenuemanagement. Introduce loyalty perks centered on the restaurant, such as exclusive dining events or discounts for returning guests.
Understanding Peak Season Dynamics Peak seasons vary based on location, climate, and cultural events. By analyzing booking patterns, guest behavior, and local events, hotels can anticipate occupancy rates and adjust strategies accordingly. The richer the data, the more accurate the future planning.
Good Morning Hospitality is for hospitality professionals, including hoteliers and property managers, looking to stay informed about current events and trends. Great Events Hosted by Cvent, Great Events focuses on the events industry, discussing best practices, trends, and insights into planning and executing successful events.
Calculating EBITDAR: Step-by-step Lets take the example of a hotel that last year generated total revenue (from rooms, F&B, events, and other ancillary sources) of $4,500,000. 7 tips to improve EBITDAR As a profit metric, EBITDAR can be improved in two ways: increasing revenue and reducing costs.
Everything we do must connect to them’ helped to transform your guests experience and your approach to revenue generation? Judi: Well, I’ve come to that philosophy, not through a strategic revenuemanagement approach, but because of who we are as a business.
On top of this is the incentive of meetings and events being booked at your hotel, since this is a large part of the corporate travel market, and becoming a preferred hotel for this type of business will lead to financial stability. Its also a good way to improve your hotels overall reputation.
They simplify the often complex world of revenuemanagement , giving you a reliable foundation to build upon as you grow your confidence in managing rates. Bar rate : Best available rate (BAR) is often lower than the rack rate and fluctuates based on demand, season, and occupancy. You dont stop there though.
These models often lack the context and transparency revenuemanagers need to understand pricing decisions. Affluent travelers often have time to engage deeply with reading, and magazines provide a rich, immersive way to explore personal interests, passions, and current events. waking hours in the hotel room.
AI-powered business intelligence agents now allow operators to synthesize data from the PMS, revenuemanagement systems, and market sources in real time. These agents not only extract historical patterns but also incorporate on-the-books data, competitive sets, and event calendars to produce accurate and dynamic forecasts.
Geopolitical and economic events will no doubt continue to impact the hotel booking landscape, but the rise of the experience economy makes one thing clear: consumer demand for travel isn’t gone, it’s just changing. Torres adds that relying too heavily on room revenue, particularly when occupancy is moderate, limits a hotel’s potential. “If
The event brought together thousands of owners, operators and industry partners for nearly 100 educational sessions, a trade show to connect owners with qualified vendors and brand sessions to hear from Choice leaders about recent performance success and where the company is investing to help drive revenue and lower costs.
Through a seamless data exchange from Cloudbeds to STR, users will be able to track trends in occupancy, average daily rate (ADR), revenue per available room (RevPAR), and other essential metrics directly within their STR dashboard, facilitating data-driven decision-making.
From revenuemanagement to communication, data-backed decisions are redefining how hotels operate daily. Hotel managers can filter performance by date range, agent, tag, unit, or channel—generating actionable insights in seconds and identifying exactly where and when conversion issues are happening.
From revenuemanagement to communication, data-backed decisions are redefining how hotels operate daily. Hotel managers can filter performance by date range, agent, tag, unit, or channel—generating actionable insights in seconds and identifying exactly where and when conversion issues are happening.
Suppliers Research Podcast Careers Events All Insights Podcasts eLearning Tech.Ex Prior to our present occupation, one of your two authors here, Larry, ran a hospitality and tourism marketing agency that proudly called Kona Village a client some two decades ago. Receive daily leadership insights and stay ahead of the competition.
This new integration allows hotels to leverage real-time occupancy data to automate and personalize direct booking campaigns. Optimized Marketing Spend: Hotels will be able to focus on periods of lower occupancy, efficiently allocating their marketing resources.
The result is a more connected guest journey, greater conversion, and a strategic boost to profitability.â The partnership exemplifies a growing shift in the industry toward total revenuemanagement and intelligent personalization. Infor will be showcasing their latest innovations at HITEC 2025 booth 2400.
With a centralized HMS, revenuemanagement tools can optimize pricing strategies, direct booking systems can reduce OTA dependency, and automated staffing solutions can ensure that operational costs remain under control. Revenue Maximization with Dynamic Pricing Would you sell a room at the same price during peak and off-season?
These devices use advanced sensors and AI to monitor temperature, humidity, air quality, light, barometric pressure, and occupancy â including pets or sleeping guests. For more information on TVNG and the rest of Aptechâsaward-winning financial management, business intelligence and planningsolutions for hospitality, please visit [link].
Suppliers Research Podcast Careers Events All Insights Podcasts eLearning Tech.Ex Suppliers Research Podcast Careers Events All Insights Podcasts eLearning Tech.Ex Adam Harris, CEO of Cloudbeds, added: “This collaboration with STR is a game-changer for the hospitality industry.
Dynamic Pricing and RevenueManagement AI tools are revolutionizing how hotels set room rates. AI-powered revenuemanagement systems, like Duetto and Flyr Hospitality , analyze historical data, market trends, and competitor pricing to dynamically adjust rates in real-time.
Managing complex room invoicing scenarios Choose an invoicing tool that can handle situations like group stays, extended stays, cancellations, split payments and bundled services like packages or events. Streamlining hotel invoicing with technology The best invoicing tools aren’t standalone solutions.
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These devices use advanced sensors and AI to monitor temperature, humidity, air quality, light, barometric pressure, and occupancy â including pets or sleeping guests. For more information on TVNG and the rest of Aptechâsaward-winning financial management, business intelligence and planningsolutions for hospitality, please visit [link].
The RMS simplifies revenuemanagement by tracking real-time pick-up trends, monitoring competitor rates and receiving data-backed price recommendations for the next 365 days â all automatically updated across all online distribution channels.
This new integration allows hotels to leverage real-time occupancy data to automate and personalize direct booking campaigns. This new integration allows hotels to leverage real-time occupancy data to automate and personalize direct booking campaigns.
When AV systems are down or underutilized, itâs not just an operational failure â itâs a revenue and reputation risk.â AVaStar is changing that conversation. Pop-up and add-on rentals are captured and tracked, increasing ancillary revenue without adding headcount. This means hotels unifying every revenue stream, not only rooms.
These devices use advanced sensors and AI to monitor temperature, humidity, air quality, light, barometric pressure, and occupancy â including pets or sleeping guests. Anacoveâs integrations include: Smart Thermostats that go far beyond basic climate control.
For example, during peak travel periods, an efficient reservations manager using a modern property management system (PMS) can swiftly allocate room blocks for group bookings or special events, maximising occupancy without overbooking. The reservation department is responsible for managing all incoming bookings.
Regularly updating your site with blogs about local events or hidden gems nearby also signals search engines that your website is relevant and engaging. This practice simplifies revenuemanagement, builds trust with booking partners, and avoids conflicts between platforms. They’re looking for something real and relatable.
With these enhancements, we aim to tap into newer market segments where hospitality properties are increasingly looking at boosting occupancy and revenue, positioning them at the forefront of a rapidly evolving industry where guest choice is paramount. Hotelogix is now compliant with Shomoos.
Suppliers Research Podcast Careers Events All Insights Podcasts eLearning Tech.Ex lyf Shibuya Tokyo achieved over 70% occupancy within three months of opening, demonstrating our ability to transform underutilised assets into high-performing lodging investments.”
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.
What is hotel revenuemanagement? Hotel revenuemanagement is the strategic distribution and pricing tactics used to sell perishable room inventory to the right guests at the right time in order to boost revenue growth. What is the primary purpose of revenuemanagement?
A quick search on the internet yields a wide range of definitions for ‘revenuemanagement’. Some of these take a theoretical, almost academic approach and, in several instances, there are iterations of revenuemanagement’s classic definition: ‘selling the right room, to the right guest, at the right time, for the right price’.
We have written extensively about hotel revenuemanagement strategies and tactics here throughout the years. As strategy is one of the most essential parts of revenuemanagement, we have made a summary of all the top advice from our perspective as a hotel revenuemanagement consulting company.
It’s hard to imagine revenuemanagement before the advent of hotel software and systems. Thanks to these solutions, today’s revenuemanager can produce forecasts, distribute inventory and adjust rates with speed – a stark contrast to the manual and long drawn-out processes that defined the practice in the past.
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