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Large scaleevents are significant revenue generators for hoteliers, injecting demand into markets and thus allowing hotel revenuemanagers to advertise much higher rates for their hotels during these periods.
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?
Marriott is the first brand company to have a direct integration with Groups360 to offer the “Instant Book” functionality for both guestrooms and meeting space at scale on GroupSync Marketplace, according to the company, providing planners with a streamlined booking process at the click of a button.
MINNEAPOLIS March 2025 IDeaS, a SAS company and the worlds leading provider of hospitality revenuemanagement software, today announces the launch of its cutting-edge API data integration developer portal. About IDeaS IDeaS, a SAS company, is the worlds leading revenuemanagement software and services provider.
STAAH’s tools helped standardise booking operations, enhance OTA performance and establish a tech-forward approach to revenuemanagement. The STAAH channel manager with its 200+ OTA connections helped improve reach and allows multiple channels to be managed through one single dashboard.
This mega-event is not just a spiritual confluence but also a catalyst for significant economic activity, providing a golden opportunity for the hospitality industry. During the 2013 Maha Kumbh, the event generated approximately 12,000 crore ($1.45 For 2025, the scale is even grander.
What is a hotel revenuemanagement system? A hotel revenuemanagement system (RMS) is a technology platform that helps hotels make smarter pricing and inventory decisions. Table of contents Why is a revenuemanagement system for hotels important? A revenuemanagement system removes the guesswork.
Whether you are new to the industry or catching up with the fast evolution, this blog will introduce you to the responsibilities of revenuemanagers and how they can succeed in 2022. What is a revenuemanager? A revenuemanager is responsible for pricing hotel inventory (rooms) to maximise profit.
Suppliers Research Podcast Careers Events All Insights Podcasts eLearning Tech.Ex Personalisation at scale with CDPs Personalisation is one of the most effective ways to stand out in today’s hospitality industry, but tailoring every guest experience manually can seem impossible. Download our free CDP whitepaper here.
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.
But hotel revenuemanagement can be your secret wand. Revenuemanagement is about more than just the right pricing. It’s about knowing what guests need, predicting bookings, and adjusting rates to make more revenue. In the ever-competitive world of hospitality, staying ahead can be a real challenge.
San Francisco, CA – June 27, 2024 – Duetto (“Duetto” or the “Company”), a leading provider of revenuemanagement software for the hospitality industry, today announced that it has been acquired by GrowthCurve Capital (“GrowthCurve”). GrowthCurve is acquiring the business from affiliates of Warburg Pincus and other shareholders.
Berlin, Germany – SiteMinder, the name behind the only software platform that unlocks the full revenue potential of hotels, has today released its industry-leading platform on mobile, to give accommodation providers the power to execute their property’s revenuemanagement strategy and mitigate real-time risks, free from their desk.
The Evolution of Hotel RevenueManagement In its early stages, hotel revenuemanagement 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 revenuemanagement.
Suppliers Research Podcast Careers Events All Insights Podcasts eLearning Tech.Ex Global News Suppliers Properties People Events Education Subscribe Log In Suppliers SynXis Concierge.AI helps them scale service, increase conversions, and operate more efficiently – without compromising the guest experience.
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.
Suppliers Research Podcast Careers Events All Insights Podcasts eLearning Tech.Ex With a highly selective approach focused on AAA destinations, Emblems seeks intimate, human-scale properties with a residential flair. Receive daily leadership insights and stay ahead of the competition.
With ad revenues supporting this innovation, the technology is now within reach of every hotel globally. HCN offers hotels a new level of personalization and service for every guest on a mass scale. Personalization Without the Complexity The hospitality industry has long struggled to scale personalization.
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.
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.
A hotel meeting room is a dedicated space within a hotel, specifically designed to host various events, from corporate meetings and workshops to private gatherings and seminars. Hotel meetings and events are a great way to boost revenue at your property and attract a constant stream of professionals and business travellers.
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. RevenueManagement Systems (RMS) historical pricing data, demand curves, forecasted occupancy.
Suppliers Research Podcast Careers Events All Insights Podcasts eLearning Tech.Ex His specialization spans all-day dining, fine dining, Garde Manger, and large-scale banquets, with a strong focus on innovation, operational excellence, and sustainability.
Destinations and cities with large-scaleevents on the horizon are also seeing traction. Paris and Nice are up 5% compared to the same period in 2022, while Marseille is up 7%, indicating increased demand for hotel rooms during the event. Beyoncé is creating headlines with the Renaissance World Tour.
In hospitality, brand acquisition and partnerships are driven by factors such as the hotels’ desire for rapid and significant growth or the capital markets’ rewards for delivering at scale. This prevents hotel chains from achieving efficiencies of scale, with a host of disparate revenue-management technologies and strategies under one roof.
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. Get to know AskFlow!
Formerly Operations Excellence Manager since January 2023, Gorasia brings expertise from numerous senior finance and accounting positions within Mantra Group, Accor Hotels and Shangri-La, as well as leading the finance function at Sonic Healthcare.
The portfolio of solutions provides full-service, mid-scale, and limited-service hotels a range of connectivity options for delivering customized guest Wi-Fi experiences that meet the unique demands of each market segmentâfrom luxury to budget hotels. âTheir values and culture were a significant factor in my decision to join the company.
It allows accommodation providers to forecast revenue performance and take targeted action whenever needed, using their personalized 14-day overview of rooms sold, revenue earned and best-performing distribution channels. These are capabilities that have traditionally felt too complex and large-scale to execute, even on desktop.
The portfolio of solutions provides full-service, mid-scale, and limited-service hotels a range of connectivity options for delivering customized guest Wi-Fi experiences that meet the unique demands of each market segmentâfrom luxury to budget hotels. âTheir values and culture were a significant factor in my decision to join the company.
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Understanding future demand trends, their causes, and the guest segments driving them can help hotel revenuemanagers adjust room rates to boost occupancy and sales. Managers can use it to budget, allocate resources, streamline inventory management, and improve the guest experience. This forward-looking data (e.g.,
GrowthCurve Capital has acquired Duetto, a provider of revenuemanagement software for the hospitality industry. Duetto offers innovative solutions that simplify hotel operations and optimize revenue, according to the company. GrowthCurve is acquiring the business from affiliates of Warburg Pincus and other shareholders.
At the same time, your front desk system will tell your channel manager that your inventory has changed, and this will be updated across all connected booking channels instantly. I dont have to overthink Little Hotelier. Little Hotelier delivers, and it makes a huge difference when you trust a system.
The reservation system acts as the central hub of the reservation ecosystem, which may also include a website booking engine, channel manager, and revenuemanagement system. When integrated, these modules work together to help hotels manage room availability, distribution, reservations, and revenue. Guestcentric.
Suppliers Research Podcast Careers Events All Insights Podcasts eLearning Tech.Ex Mr Kevin Goh, CEO of CLI Lodging , said: “With over 40 years of lodging experience and our strong foothold in Asia, we have built up significant scale along with deep investment and operational expertise in the region.
“We’ve learned that when Hyatt guests stay with a competing brand, they appear to do so for one of two reasons: the absence of a Hyatt hotel within five miles or the choice to stay at a lower chain scale. The experience of working with Hyatt is unparalleled,” said Guneet Bajwa, president/CEO, Presidio Hotel Development LLC.
of event space and welcomes pets. “Hotel owners are facing significant challenges today like never before and turning to cycle-tested management companies like LBA will provide operational excellence and help increase our overall profitability and maximize the values of our investments,” said Kish Kanji, COO, Impact Holdings.
The portfolio of solutions provides full-service, mid-scale, and limited-service hotels a range of connectivity options for delivering customized guest Wi-Fi experiences that meet the unique demands of each market segmentâfrom luxury to budget hotels. To see the OPERA Cloud platform in action visit HITEC booth #4015 on June 16-19 th.
(assisting at the Carolina Panthers Stadium and then managing the company’s Concessions/Catering Departments). Moving on to hotels, he served as reservations and revenuemanager for three Palisociety Hotels before working as revenuemanager for OLS Hotels and Resorts (now Springboard Hospitality).
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. In recent years, he has been instrumental in driving bold actions that leverage Yum!âs
The week also included the debut of the HSMAI Contact Center Summit, as well as recognition for the 2024 HSMAI marketing and revenue optimization award winners. The Hospitality Sales and Marketing Association International (HSMAI) Americas recently held its first Commercial Strategy Conference, which took place from June 25-26, in Charlotte.
This episode is full of content from conversations regarding trends like staffing shortages, event & group travel, and an inside look at the inaugural launch of The Hospitality Show. From airlines to hotels to events, everything in between. So technology I think is only a tool. It’s not, it’s not the product.
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.”
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