Hospitality Net

MARCH 5, 2024

Messe Berlin) IDeaS, a SAS company, the world’s leading provider of hospitality revenue management software and services, announced today the release of G3 RMS Portfolio Navigator, the next innovation in multi-property revenue management. ITB Booth #110 Hall 8.1

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Revenue Management Revenue Management Scale 181

Hospitality Net

APRIL 4, 2024

Intellisoftware Pty Ltd, a leading Australian start-up in the Artificial Intelligence (AI) space has today unveiled a new wide-ranging strategic partnership with the Australian Revenue Management Association (ARMA) - a peak industry body active in the hospitality and tourism sectors focused on elevating the standards of revenue and yield management (..)

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Revenue Management Yield Management Revenue Management 190

Hospitality Net

MARCH 15, 2024

We know that reputation management is important, but how involved should revenue managers be in that process? I brought this topic to the leaders of the HSMAI Revenue Optimization Advisory Board to discuss our role in reputation management. Below are our top five takeaways.

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Revenue Management Revenue Management 137

Lodging

APRIL 29, 2024

ATLANTA—Valor Hospitality Partners expanded its North American portfolio through a recent management acquisition with DoubleTree Suites by Hilton Hotel Huntsville South in Huntsville, Alabama.

Management 147

Management Hospitality Revenue Operations 147

Hospitality Net

APRIL 24, 2024

In a recent conversation I had with an asset manager who was underwriting a hotel in the metro Atlanta area, it was determined that for each incremental 50k of profit achieved, the hotel asset value went up approximately 600k. Imagine if your revenue team fully understood this.

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Revenue Management Hotels 214

Hospitality Net

OCTOBER 26, 2023

Brittain Resorts & Hotels (BRH), a leading full-service hospitality management company, has adopted SiteMinder, the name behind the only software platform that unlocks the full revenue potential of hotels, as part of its newly-announced business intelligence technology matrix.

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Revenue Management Revenue Resorts Management 190

Hospitality Net

SEPTEMBER 6, 2023

IDeaS, a SAS, company, the world’s leading provider of hotel revenue management software and services, released a special report in line with industry budget season.

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Revenue Management Revenue Management Hotels 183

Hospitality Net

MAY 24, 2023

Cogwheel Marketing’s CEO, Stephanie Smith, and Loren Gray, Founder of Hospitality Digital Marketing, discuss the innovations in revenue management in August 2022.

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Revenue Management Revenue Market Marketing 155

Hospitality Net

APRIL 26, 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.

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Revenue Management Revenue Management Hotels 175

Hospitality Net

JANUARY 7, 2024

In the hospitality industry, achieving optimal revenue performance used to be the domain of larger, full-service hotels, with smaller and select-service hotels often left to navigate revenue management independently.

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Revenue Management Revenue Management Market Share 153

Hospitality Net

MAY 14, 2024

San Diego, CA, May 14, 2024 – Cloudbeds, the premier hospitality management software platform, and Cendyn, a global integrated hotel technology and services company, have today announced a strategic partnership dedicated to driving revenue growth for hoteliers.

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Revenue Hospitality Management Services Hotels 177

Hospitality Net

MAY 31, 2023

IDeaS, a SAS company, the world’s leading provider of hospitality revenue management software and services, has been selected as the preferred RMS provider to Park Plaza Hotels Europe (PPHE Hotel Group) in Europe.

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Revenue Management Revenue Management Hotels 201

Hospitality Net

DECEMBER 6, 2023

FLYR, the AI-powered platform for travel technology, today announced that BWH Hotels Scandinavia, a leading global hospitality network that includes Best Western Hotels & Resorts (BWHR), Worldhotels, and Sure Hotels, has selected FLYR for Hospitality as its preferred Revenue Management System (RMS).

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Revenue Management Revenue Management Hospitality 100

Hospitality Net

AUGUST 24, 2023

In the ever-evolving hospitality industry, revenue management plays a crucial role in maximizing profitability and ensuring sustainable growth for hotels.

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Revenue Management Revenue Management Market Share 196

Hospitality Net

APRIL 9, 2024

In today’s competitive hospitality landscape, hotels are facing increasing pressure to optimize their revenue streams and stay ahead of industry shifts.

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Revenue Digital Marketing Revenue Management Consumer 155

Hospitality Net

OCTOBER 9, 2023

EHL Graduate School in Lausanne is excited to announce an exclusive course titled "Achieving Profitable Growth in Hospitality with Revenue Management Strategy" scheduled for Monday, November 13, 2023.

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Revenue Management Revenue Management Hospitality 163

Hospitality Net

JUNE 1, 2023

As a large majority of hotels have adopted some sort of dynamic pricing for their rooms, the next evolution of revenue management is moving beyond rooms, and many leaders have adopted total revenue management strategies for a more holistic approach.

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Revenue Management Revenue Management Hotels 222

Hotel Management

MARCH 25, 2024

The company will become involved in the design of a new AI training course for ARMA members which has been proposed for ARMA’s 2024 curriculum to take advantage of the enormous groundswell of interest in AI and how it can benefit all types of businesses in the hospitality sector and beyond.

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Revenue Management Revenue Yield Management Management 130

Hospitality Net

APRIL 23, 2024

Are you ready to whet your appetite for innovation and digest the latest strategies in F&B Revenue Management? This time, let’s season our discussion with a dash of strategic foresight and a pinch of operational excellence impacting F&B Revenue Management. One of the elements of the 3rd Wave of Revenue Management ™

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Revenue Management Revenue Management Operations 100

Hospitality Net

FEBRUARY 28, 2024

IDeaS, the leading provider of hospitality revenue optimization software and services, and Accor, a world leading hospitality group with one of the industry’s most diverse hospitality ecosystems encompassing more than 45 hotel brands from luxury to economy, have announced, following a rigorous selection process, that Accor has chosen IDeaS as its global (..)

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Revenue Management Revenue Management Services 124

Hospitality Net

OCTOBER 16, 2023

Revenue management has a bad reputation in some ways because it focuses on room rates. A new hotel to some is just another place some travelers cannot afford to stay.

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Revenue Management Revenue Management Travel 172

Hospitality Net

MAY 7, 2024

Columbia Hospitality is a leading hospitality solutions provider and management company based in Seattle, Washington. Kirby Pratt is responsible for marketing four properties managed by Columbia Hospitality, including The Lodge at St. Edwards Park and Icicle Village Resort in Leavenworth, Washington.

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Hospitality Revenue Resorts Management 137

Hotel Management

MAY 7, 2024

APAC Revenue Management Summit 2024 – “RISE UP” May 27 and 28 Join us at the APAC Revenue Management Summit 2024 – “Rise UP” on May 27 and 28. Ready to take your revenue management to the next level? Secure your spot at the APAC Revenue Management Summit now! Was industry ready?

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Revenue Business Revenue Management General Manager 130

Lodging

JUNE 12, 2023

As far back as 2010, revenue management guru Sherri Kimes of Cornell University foresaw the rise of total revenue management within the hospitality industry.

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Revenue Revenue Management Management Hospitality 264

STAAH

APRIL 23, 2024

In today’s fast-paced hospitality landscape, staying ahead of the curve is paramount for maximizing revenue potential. As technology continues to evolve, so do the strategies and innovations within revenue management.

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Revenue Management Revenue Ancillary Revenue Management 88

Hospitality Net

AUGUST 17, 2023

RMS Cloud, a leading provider of cloud-based property management systems, and Atomize, an innovative revenue management platform, are thrilled to announce their strategic integration, ushering in a new era of hotel revenue management.

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Revenue Management Revenue Management Hotels 182

Catala Consulting

MAY 17, 2024

Revenue management is a crucial aspect of the hospitality industry, focusing on maximizing income through strategic pricing, inventory control, and demand forecasting. These frontline employees are instrumental in shaping the guest experience, impacting occupancy rates, and ultimately driving revenue.

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Revenue Management Revenue Management Upsell 52

Mews

MARCH 5, 2024

New revenue management metrics Technology has changed not only what’s possible, but what’s measurable. A new generation of hospitality metrics has emerged and revenue managers who adapt fast stand to see the biggest rewards. So, what are these new metrics exactly?

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Revenue Management Revenue Management Hospitality 52

Hospitality Net

NOVEMBER 30, 2023

Revenue management systems play a critical role in the hospitality industry. Traditionally, these systems attempt to predict future demand from past trends to optimize pricing. That’s a reasonable approach.

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Revenue Management Revenue Management Hospitality 130

Hotel Speak

FEBRUARY 28, 2024

2024 will be a year of challenges and opportunities, as the hospitality industry continues to find its way in a post-pandemic world. China outbound travel is returning, technology is innovating at a rapid rate, and hoteliers have more opportunities to revenue manage beyond room rates. Revenue without profit is worth nothing!

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Revenue Management Revenue Management Operations 94

Hospitality Net

MARCH 24, 2024

As a Revenue Manager in the hotel industry, your primary focus is to optimize room revenue, evaluating and acting on performance metrics, and spearheading the commercial direction of your property, or portfolio of properties.

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Revenue Management Revenue Management Business 130

Hospitality Net

OCTOBER 13, 2023

Cloud-based Property Management Systems (PMS), such as the Visual Matrix PMS, have revolutionized how hoteliers manage their properties and can significantly contribute to increased revenue.

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Revenue Management 205

Hospitality Net

APRIL 24, 2024

Valor Hospitality Partners continues to expand its North American portfolio through a recent management acquisition with DoubleTree Suites by Hilton Hotel Huntsville South in Huntsville, Alabama.

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Management Hospitality Revenue Operations 131

Hospitality Net

MAY 8, 2024

Prior research conducted by CBRE Hotels Research revealed that hotel management companies were rewarded handsomely as the U.S. An analysis performed by CBRE in April 2023 found that total hotel revenue increased by 153% from 2020 to 2022, while Gross Operating Profits (GOP) grew by 437%.

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Management Revenue Operations Hotels 198

Hospitality Net

AUGUST 21, 2023

You’ve probably noticed it, too – the increased trend towards clustering revenue management positions. Done right, it can help you manage costs, increase efficiency and boost revenue. But it comes with its own set of challenges which are mainly related to time constraints and access to high-quality, accurate data.

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Revenue Management Revenue Management 172

Hospitality Net

APRIL 23, 2024

In 2023, The Club of Revenue Management by Radisson Hotel Group (“The Club”) achieved remarkable milestones, making it a year of unparalleled success.

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Revenue Management Revenue Services Sales 170

Hospitality Net

OCTOBER 2, 2023

Hotel revenue management is the process of optimizing revenue by predicting demand and setting prices accordingly, most commonly found in hotels to forecast occupancy in order to maximize their room rate, hotel marketing strategy, and overall property performance.

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Revenue Management Revenue Management Forecasting 137