Hospitality Net

MAY 1, 2024

In the most recent episode of the Disruption Interruption Podcast, host Karla Jo Helms and Russ Stanziale, Chief Sales and Growth Officer of IDeaS Revenue Solutions, discuss the future of revenue management in hospitality, highlighting the transformative impact of emerging technologies and the importance of authentic communication.

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Hospitality Net

JUNE 26, 2023

Demand Calendar, designed with a profit-oriented approach, aims to provide hotel businesses with tools for more accurate total revenue forecasting, effective management of customer acquisition cost, and profit optimization. Visit booth #517 to learn more about profit-oriented total revenue management.

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STAAH

APRIL 16, 2024

In the ever-evolving hospitality industry, staying competitive demands more than just offering great accommodations and service. Hoteliers need to employ smart strategies to optimize revenue and profitability. One of the most powerful tools in their arsenal is a robust Revenue Management Solution (RMS).

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eHotelier

NOVEMBER 14, 2023

Resolute Road Hospitality, announced today the addition of Andrea Pace-Mickley as Senior Corporate Revenue Manager. In her new role, Pace-Mickley will lead the company's revenue and commercial strategy, overseeing all revenue management, pricing, analytics, forecasting, and channel distribution initiatives.

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Catala Consulting

JANUARY 8, 2024

Introduction Revenue Management Systems (RMS) are the cornerstone of modern hospitality and travel industries. This article will explore the evolution of RMS, highlighting key developments and the impact on the hospitality industry. They primarily helped in setting room rates and managing reservations.

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Hotel Business

SEPTEMBER 15, 2023

Eister There are many myths about revenue management, but there are five we hear most often. Myth #1: Revenue management is only essential when business is booming. Revenue management is a fundamental part of business, especially in such a dynamic industry as hospitality. By Craig V.

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Catala Consulting

JULY 30, 2023

In the fiercely competitive hospitality industry, the essence of successful resort revenue management lies in data-driven decision-making. This approach is pivotal in optimizing financial performance and driving both revenue growth and guest satisfaction. Why is Revenue Management Imperative for Resorts?

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Hospitality Tech

FEBRUARY 21, 2024

Learn how revenue management tools are helping hoteliers to optimize operations, democratize data accessibility, enhance forecasting accuracy, and expedite reactions to market changes.

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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 trend enables more accurate forecasting, dynamic pricing, and personalized marketing strategies, significantly enhancing revenue potential.

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STAAH

OCTOBER 25, 2022

From irregular demand patterns to changing distribution mix and a depleted talent, here’s a roundup of challenges faced by revenue managers from India right now. The STAAH team went out to leading revenue managers from India to understand what are the biggest challenges they are facing. Forecasting and budgeting.

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Hospitality Net

JULY 13, 2023

IDeaS, a SAS company, the world’s leading provider of hospitality revenue management software and services, has announced that Starhotels will deploy IDeaS’ G3 Revenue Management System (RMS) to improve revenue generation and forecasting at 28 of its properties across Italy and the UK.

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STAAH

NOVEMBER 8, 2022

Like many other areas in travel and hospitality, revenue management has dramatically changed in the last two years. We spoke to leading revenue managers on what they think lies ahead. We spoke to leading revenue managers on what they think lies ahead. Additional revenue streams.

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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.

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Hotel Management

MAY 2, 2023

APAC Revenue Management Summit 2023 – “Unstoppable” May 23 and 24 Are you looking to take your revenue management skills to new heights? Look no further than the APAC Revenue Management Summit , the must-attend conference for hospitality and tourism operators.

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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. Hotels used historical data and simple forecasting methods to set room rates, often focusing on short-term gains.

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Hospitality Net

JULY 17, 2023

Known as revenue management, the field relies on forecasting and is ripe for disruption. Hotel companies hope artificial intelligence (AI) will improve their skill at pricing rooms.

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Webrezpro

FEBRUARY 5, 2024

You can better manage what you measure. 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. As you plan your 2024 strategies, […] Source

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Hotel Business

NOVEMBER 14, 2023

Third-party management company Resolute Road Hospitality has appointed Andrea Pace-Mickley as senior corporate revenue manager. In her new role, she will lead the company’s revenue and commercial strategy, overseeing all revenue management, pricing, analytics, forecasting and channel distribution initiatives.

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Hotel Business

NOVEMBER 15, 2023

IDeaS , a SAS company, has released Future Forecast: Six Hotel Technology Predictions for 2024. Revenue management will leave the confines of hotel walls: The discipline of revenue management is poised to expand beyond its traditional home within hotels.

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Hotelogix

APRIL 22, 2024

Harnessing hotel data is essential for navigating the modern hospitality landscape, enhancing operational efficiency, and tailoring marketing efforts to meet guest preferences better. Importance of Analysing Hotel Data Hotel data encompasses various information, from guest bookings and preferences to revenue figures and occupancy rates.

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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®.

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STAAH

NOVEMBER 28, 2023

Effectively plan and reach your business goals for 2024 with these smart revenue management and distribution tips. To cope with a highly dynamic market , improve efficiency and meet the evolving needs of guests, there have been some shifts in revenue management and distribution.

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Inn Quest

APRIL 3, 2023

As the hospitality industry evolves after the pandemic, it’s more important than ever for hotels to streamline their day-to-day operations to improve efficiency, enhance the guest experience, and increase revenue. Here are some ways to streamline operational tasks for your hotel.

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eZee Absolute

NOVEMBER 1, 2022

The hospitality industry evolves rapidly, making it difficult for hotel businesses to keep abreast with the latest ongoings. Hotels that manage to keep a keen eye on the trends and happenings, always outplay their competitors and succeed. Even a certain number of hospitality industry statistics could help you ace your hoteliering game.

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Hotel Business

APRIL 19, 2023

Experts across the hospitality industry continue to forecast “cautious optimism,” emphasizing caution as the International Monetary Fund chooses to lower the projections for their annual economic growth forecast to 2.9% Today, this process is supported end-to-end by revenue management technology.

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Hotel Speak

DECEMBER 11, 2023

Effectively plan and reach your business goals for 2024 with these smart revenue management and distribution tips. To cope with a highly dynamic market , improve efficiency and meet the evolving needs of guests, there have been some shifts in revenue management and distribution.

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Hotel Business

FEBRUARY 26, 2024

“Our customers are seeking ways to improve the guest experience and their financial performance, but more importantly, they want more time to focus on their core business—hospitality,” said Vic Chynoweth, CEO, Otelier.

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SiteMinder

APRIL 25, 2024

With every passing year, revenue management is playing a more central role at hotels as they navigate a landscape now locked in a permanent state of change. The exact genesis of yield management (now revenue management) in the hospitality sector is hotly debated,” says Stuart-Hill. “The

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Inn Quest

JUNE 8, 2023

Are you curious about the latest trends and impact of AI in the hospitality industry? Artificial intelligence (AI) is seamlessly integrating into hospitality experiences, redefining our expectations – from chatbots providing instant customer support to predictive analytics optimizing hotel operations.

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Hotel Business

FEBRUARY 7, 2024

Duetto , provider of revenue management systems, has acquired Micerate, a provider of dynamic pricing and online booking tools tailored for meetings and event spaces. Our customers seek three essential elements from Duetto: enhanced revenue generation, precise forecasting and operational efficiencies—Micerate delivers on all fronts.”

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Little Hotelier

MARCH 10, 2024

Hotel sales software is a specialised tool designed for the hospitality industry to manage and optimise sales activities. It centralises information on bookings, customer interactions, and revenue streams, allowing hoteliers to efficiently track performance and make informed decisions.

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STAAH

DECEMBER 12, 2023

Here are 8 smart pricing strategies for hotels to boost revenue and drive more bookings during the holiday season The holiday season marks a period of increased travel, festive cheer, and heightened demand in the hospitality industry.

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Hotel Business

JUNE 8, 2023

Hospitality Ventures Management Group (HVMG) has appointed Bryan Gatzemeyer as VP, business intelligence. In prior leadership roles, Gatzemeyer developed comprehensive analytics platforms by utilizing forecasting, machine learning and data mining techniques to enhance owner profitability.

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Hotelier Magazine

OCTOBER 10, 2023

By Amy Bostock and Nicole Di Tomasso TORONTO — Last week, the Ontario Restaurant Hotel Motel Association (ORHMA) hosted its second annual Ontario Hospitality Conference at the Sheraton Parkway Toronto North Hotel & Suites in Richmond Hill, Ont. Our long-term forecast is that we’re at full recovery.

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Hotel Business

MARCH 16, 2023

Some have said that one of the silver linings of the pandemic is that hospitality had to quickly move ahead with technology in order to survive. This is especially so for revenue management systems and its impact on the hotelier’s business. Do you think that is the case? Absolutely.

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Hotel Speak

OCTOBER 19, 2023

Hospitality and tech industry leaders came together recently for an insightful webinar on one of the hottest topics at the moment – AI. When property and revenue management meet data and AI, your property isn’t just smart, it’s a financial genius,” he said. Then it’s about choosing the right AI models.

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Hotel Business

NOVEMBER 15, 2022

Aimbridge Hospitality has added industry veteran Patrick Volz as its COO, global operations. Tamis will continue to oversee the six divisional presidents announced earlier this year as part of Aimbridge Hospitality’s new operating divisional structure. He reports to Mark Tamis, president, global operations, Aimbridge.

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