This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Outsourced revenuemanagement has become a strategic solution for independent and lifestyle hotels that want to grow profitably without building large in-house commercial teams. This approach delivers expert pricing, forecasting, and distribution support while keeping fixed costs low. What Is Outsourced RevenueManagement?
If there’s a sudden change, for example, an influx of last-minute bookings hits the system, the platform can enable revenuemanagers to adjust room rates dynamically to maximize revenue. Why it’s important for hotels? Why it’s important for hotels? This on-demand access helps staff gain practical knowledge faster.
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?
New hires can onboard quickly. 6/30/2025 Duetto Introduces RMS for Limited-Service Hotels Duetto introduces GameTime, a streamlined revenuemanagement system (RMS) designed specifically for select-service and limited-service hotel brands. Whether general or front desk managers, our staff use it with ease and confidence.
This article explores why hiring consultants and coaches is a game-changer in the hospitality industry and how they provide an “insider’s cheat sheet” to help you succeed. A consultant can create a tailored revenue strategy that optimizes pricing for maximum profit.
Platforms like Hopper use machine learning to forecast price changes, helping travelers find the best deals while supporting more strategic revenuemanagement for providers. Facial recognition and automated check-in kiosks reduce wait times at airports, as seen with Deltas use of biometric boarding passes.
Real-Time Reporting & Forecasting: Access performance metrics and demand forecasts up to 365 days out. Portfolio Management: Manage multiple properties and brands with centralized visibility and enterprise-level strategies. Whether general or front desk managers, our staff use it with ease and confidence.
Revenuemanagement (RM) is supremely necessary for hotels. I kid you not, most of the hotels refrain from opting for any sort of revenuemanagement services. The hotel revenuemanagement myths that are swirling around are the real reasons hotels are so skeptical about it. Who is to blame for it?
Effective revenuemanagement provides hoteliers with a clear roadmap for pricing and optimisation, while acting as a gauge to measure success. What is a RevenueManagement Solution for Hotels? What is a RevenueManagement Solution for Hotels? 2) Real-time data and accurate forecasting.
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?
XOTELS – RevenueManagement eBook In the first chapter of this eBook, we will go over the definition of what is revenuemanagement in the hotel and hospitality industry. Everything will be explained from the fundamentals of revenuemanagement to more advanced practices and strategies.
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.
However, one of the most efficient ways to do it is by using technology to support the operations and revenuemanagement of your hotel. For example, a hotel platform like SiteMinder will help you find more guests, boost revenue, optimise pricing, enhance the guest experience, improve cash flow, analyse performance, and more.
Third-party management company Resolute Road Hospitality has appointed Andrea Pace-Mickley as senior corporate revenuemanager. In her new role, she will lead the company’s revenue and commercial strategy, overseeing all revenuemanagement, pricing, analytics, forecasting and channel distribution initiatives.
Meyer Jabara Hotels has promoted Heather Sanborn to the position of corporate director of revenuemanagement. Previously serving as regional director of revenuemanagement, Sanborn is now responsible for overseeing the entire portfolio and assisting regional revenuemanagers in their day-to-day tasks.
Prior to Blackstone, he served as CFO of The Americas at Hilton, leading all aspects of the operational finance organization, including performance reporting, operating and capital budgeting, cash flow management, forecasting and ROI analysis.
In prior leadership roles, Gatzemeyer developed comprehensive analytics platforms by utilizing forecasting, machine learning and data mining techniques to enhance owner profitability. HVMG’s business intelligence strategic initiative and the culture of excellence they’ve fostered, are a perfect fit for me,” Gatzemeyer said.
Harnessing the Cloud PMS & RevenueManagement Advantage! The modern hotelier is not only expected to deliver an exceptional service but also have to have the ability to maximize revenue across all operations. In the past years, Stayntouch also gathered a large pool of service providers in RevenueManagement.
He also leads the teams providing operational financial support for the vacation ownership segment, including sales and marketing, development and inventory and revenuemanagement. In his new role, he will report directly to John Geller, president/CEO.
Pricing strategy: How you will set competitive room rates and consider implementing revenuemanagement strategies to maximise occupancy and revenue. Organisation description This section provides details about your hotel’s ownership structure, management team, and any key personnel.
Other than the front of house managers and night managers, a hotel’s management staff go largely unseen by guests. From hiring all staff to scheduling maintenance to creating new revenuemanagement strategies , the hotel management team is extremely busy. Operations manager. Night duty manager.
For small, independent hotels, hiring a hotel web design company might feel like a step too far, particularly when effective tools like Little Hotelier’s website builder are available. But this is an investment that can drive an incredible return, by creating a website that works as a 24/7 salesperson and booking manager.
Whether you’re a senior hotelier or an entrepreneur in the hospitality sector, understanding what a hotel management company does is essential to thriving in today’s competitive hospitality landscape. Making the Right Choice in Hotel Management Companies What Do Hotel Management Companies Do to Help Hoteliers?
A cash flow forecast tells you how much cash you have coming into and going out of your business. With this information, you can make necessary adjustments to improve your cash position, such as cutting expenses , finding new hotel revenue streams or changing your pricing and marketing strategies. Can afford to upgrade or renovate.
You can either place some clerks on temporary hiring or utilize an on-demand approach. There is software for housekeeping, property management, online booking, revenuemanagement, guest relationships, point-of-sale, etc. If your hotel uses 10 software, that means ten account managers and ten monthly bills.
Whether you’re a senior hotelier or an entrepreneur in the hospitality sector, understanding what a hotel management company does is essential to thriving in today’s competitive hospitality landscape. Making the Right Choice in Hotel Management Companies What Do Hotel Management Companies Do to Help Hoteliers?
Whether you’re a senior hotelier or an entrepreneur in the hospitality sector, understanding what a hotel management company does is essential to thriving in today’s competitive hospitality landscape. Making the Right Choice in Hotel Management Companies What Do Hotel Management Companies Do to Help Hoteliers?
Without quality accounting, it will be very difficult for your hotel to achieve a successful revenuemanagement strategy or sustainable business. For example, your hotel might use different ledgers for bar sales, restaurant sales, room service, room rentals, amenities hire, and more.
As someone who spent his fair share of time in the trenches of revenuemanagement, I can tell you it isn’t just some fancy industry jargon; it’s a game-changer, a revenue booster, your ticket to serious profit. Practical Tips for Yield Management Know Your Demand: Keep a close eye on your booking patterns.
This figure is forecast to grow in the following years to 2,480 global hotel openings in 2023 and 2,707 in 2024. Wealth management companies – Particularly large investors who have investments in a number of different areas will often hire wealth management teams to handle their money, and this may include new investments.
Hotel Management Strategies If you want to read more about management strategies on everything hotel management? Read the articles below: Top 5 Essential Hotel Management Tips for The Perfect Guest Experience How to Make Your Hotel Stand Out?
Hotel Management Strategies If you want to read more about management strategies on everything hotel management? Read the articles below: Top 5 Essential Hotel Management Tips for The Perfect Guest Experience How to Make Your Hotel Stand Out?
As someone who spent his fair share of time in the trenches of revenuemanagement, I can tell you it isn’t just some fancy industry jargon; it’s a game-changer, a revenue booster, your ticket to serious profit. Practical Tips for Yield Management Know Your Demand: Keep a close eye on your booking patterns.
New hires can onboard quickly. 6/30/2025 Duetto Introduces RMS for Limited-Service Hotels Duetto introduces GameTime, a streamlined revenuemanagement system (RMS) designed specifically for select-service and limited-service hotel brands. Whether general or front desk managers, our staff use it with ease and confidence.
Consider hiring professional photographers to capture the best parts of your hotel and emphasize what sets you apart from the rest. It refers to forecasting demand based on industry trends, current bookings, and past data. You must know what to charge during each season. One crucial pricing strategy is to charge as per demand.
But as revenuemanagement technology and other pieces of a hotel’s commercial stack have become more effective, owners have increasingly turned to it for driving results. Forecasting demand is an example. “We’re Hotel tech adoption has always been driven by hotel owners who see it as a path to increased profitability.
Were going to get down and dirty with the real-world strategies that we have actually seen working as a revenuemanagement consulting company. Practical Tips for Yield Management Know Your Demand: Keep a close eye on your booking patterns. Use this data to forecast demand and adjust your prices accordingly.
Outdated technology is making it harder for hotels to hire people “It’s one of the reasons why hospitality has a massive problem finding employees at the moment. The role of AI and BI in managing numa operations Artificial intelligence (AI) and business intelligence (BI) plays a big role in numa operations, starting with cost controls. “We
While we were hiring a chief technology officer, I worked in our global operations center where I really got to travel the world. And then I finished up my career leading our asset management function where I was responsible for all of the owned and joint venture properties that we had around the world. The makeup of our hotels.
Cloudbeds Intelligence, a new AI and machine learning layer built into the platform, is designed to supercharge all functionalities of the hospitality management system and break down departmental silos, delivering unmatched decision-making intelligence for revenuemanagers, marketers, GMs, operations staff, and more.
Cloudbeds Intelligence, a new AI and machine learning layer built into the platform, is designed to supercharge all functionalities of the hospitality management system and break down departmental silos, delivering unmatched decision-making intelligence for revenuemanagers, marketers, GMs, operations staff, and more.
What if your hotel could increase revenue by 15 percent without spending more on marketing or hiring additional staff? Watch now Today, hoteliers are expected to drive revenue, increase direct bookings, optimize marketing spend, and personalize guest experiences – all while managing lean teams.
We organize all of the trending information in your field so you don't have to. Join 19,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content