Remove Forecasting Remove General Manager Remove Yield Management
article thumbnail

Designing a new era of intelligent revenue management

Hotel Business

Just as the 1980s saw the emergence of yield management in the airline and hospitality sectors, today’s environment demands a similarly radical reinvention—anchored in intelligent, AI-powered revenue science. Amid the challenges, innovation remains a central theme.

article thumbnail

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.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

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. Old-school leaders may not fully understand revenue management, but it’s not their fault. As revenue management gets explored more, the talent shortfall will get worse.

article thumbnail

ThinkReservations vs SiteMinder

SiteMinder

While it is capable of generating predictive analysis, such as yield management reports that forecast demand and guide rate adjustments, some users say that these reports don’t convert well to Excel. Benjamas Kitsaengklai, Assistant General Manager Ping Nakara Boutique Hotel and Spa Read more

OTA 59