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No need to obsess over RevPAR or lose sleep over ADR – there are much more important metrics out there for revenuemanagers. Revenuemanagement is not a walk in the park. The latest guide by Mews, the industry-leading hospitality cloud, explores the new success metrics for revenuemanagers.
Often considered a dull, technical aspect of occupancy metrics for large chains, hotel revenuemanagement has easily been written off as being just about numbers and pricing. In reality, it is a strategic, creative discipline that can unlock significant value across all types of hotels and operations.
Think revenuemanagement is just for the big hotel chains or that it’s all about jacking up prices? Believe me when I say, as the COO of a revenuemanagement consulting firm, that at least one of the below misconceptions is draining your hotel’s profits faster than a leaky faucet.
The podcast space is booming, and hospitality is no exception. No matter what role or interest you have in hospitality, there’s a podcast for you. Read on to discover 36 of the top hospitality podcasts to listen to in 2025. All in the Industry is for those interested in the inner workings of the hospitality industry.
This new integration allows hotels to leverage real-time occupancy data to automate and personalize direct booking campaigns. This integration is another example of how Duetto continues to connect data silos that exist between systems in the hospitality industry.
Managing bookings across multiple channels has become a core part of running a successful hospitality business. From hotels and vacation rentals to holiday apartments, properties of all types rely on channel managers to simplify operations. Choosing the best channel manager isn't just about convenience.
In the competitive world of hospitality, having a strong sales strategy is key to ensuring your hotel's success. The right sales tactics can help increase revenue, boost occupancy rates , and ensure guests have a positive experience. Implement Dynamic Pricing for Optimal Revenue What is Dynamic Pricing?
The hospitality industry is more data-driven than ever, yet marketing and revenue teams are still dancing to different tunes and that digital disconnect is costing real-life revenue. When marketing and revenue teams collaborate, the commercial impact can be significant. Marketing drives demand.
Peak seasons present both lucrative opportunities and significant challenges in the hospitality industry. Periods of high demanddriven by holidays, festivals, or local eventscan strain resources, impact guest satisfaction, and complicate revenue and maintenance management.
Data analytics in the hospitality industry is already guiding hotels in making smarter, faster decisions. The hospitality industry is under increasing pressure to deliver measurable results—faster booking conversions, leaner operations, and better communication. What Is Data Analytics in the Hospitality Industry?
Data analytics in the hospitality industry is already guiding hotels in making smarter, faster decisions. The hospitality industry is under increasing pressure to deliver measurable results—faster booking conversions, leaner operations, and better communication. What Is Data Analytics in the Hospitality Industry?
Between 1995 and 2018, the global hospitality industry more than tripled in size, growing from $522 billion to $1.86 Competition for hotels grew, and prices started to fluctuate more as revenuemanagement systems made pricing strategies more sophisticated. FREE GUIDE Dive deeper into the history of revenuemanagement.
Mews adds point-of-sale to its hospitality cloud Mews has added Mews POS (Point-of-Sale) to the embedded payments experience offered with Mews Hospitality Cloud, providing increased operational time savings for hotels and a frictionless experience for guests. Plusgrade brings a new level of sophistication to upselling.
Everything we do must connect to them’ helped to transform your guests experience and your approach to revenue generation? Judi: Well, I’ve come to that philosophy, not through a strategic revenuemanagement approach, but because of who we are as a business.
Also, since it has a stronger focus on operating income, EBITDAR provides better insights into revenue trends and long-term performance. This is particularly important in an asset-heavy industry like hospitality, where seasonal demand and operating costs can vary widely. However, EBITDAR also has two limits to take into account: 1.
PARIS 2 April 2025 IDeaS , a SAS company and the worlds leading provider of hospitalityrevenuemanagement software and services, has announced a technology integration partnership with Medialog PMS, a hybrid next-generation personalizable property management solution that allows users to focus on a more streamlined guest experience.
Extended stays are transforming the way that travellers and travel companies view the hospitality landscape. For operators managing furnished apartments, aparthotels, or extended-stay inventory, this shift represents a significant revenue opportunity.
In STAAH, the Indian hospitality group found a sophisticated system to help manage room types and yield rules, and boost direct revenue by 30%. Daily deals, upselling, promos and a number of other in-built capabilities allow Chokhi Dhani revenuemanagers to drive demand based dynamic pricing decisions.
The Rise of AI in Hospitality The hospitality industry is built on one central promise: delivering exceptional guest experiences. AI agents are reshaping the hospitality industry, automating repetitive tasks, optimizing revenue strategies, and enabling more meaningful guest interactions.
Established in 2016, RevenYou is a specialist consultancy firm supporting accommodation businesses across Australia, New Zealand, and the Pacific with revenuemanagement, sales, marketing, and systems integration. Let’s look at five examples.
Amadeus GDS is one of the hospitality industrys leading global distribution systems. With connections to 400+ airlines and 50+ rail, cruise and ferry operators, Amadeus is a gateway to new revenue opportunities. What is Amadeus GDS? What is Amadeus GDS used for?
Every hotelier dreams of high occupancy, steady revenue, and a thriving business year-round. While these tactics may temporarily boost occupancy, they dont create the guest loyalty or brand recognition needed for consistent revenue growth. And if you ask, theyll all agree demand generation is the key to success.
The travel and hospitality sector, in particular, has recalibrated its outlook for the year, with some global hotel brands lowering their RevPAR guidance as they navigate the current climate with a mix of caution and quiet confidence. If you offer different experiences throughout the day, it can add extra revenue to your business,” he says.
RevenueManagement Figuring out room prices can be tough. For instance: Staff Scheduling: Make the best use of your workforce based on expected occupancy and demand. Inventory Management: Have the right supplies when you need them. Energy Management: Look at usage patterns to save energy.
This article explores six categories of AI agents currently transforming the hospitality landscape, each representing a distinct operational use case already in deployment across innovative properties worldwide. AI-powered platforms help personalize outreach, retarget guests, and maximize advertising return on investment (ROI).
The ones on this list have been handpicked to equip you with actionable strategies, fresh perspectives, and the confidence to stay ahead in the ever-changing hospitality industry. For RevenueManagers: Make Every Dollar Count Have you ever felt like pricing your rooms is more guesswork than strategy?
The hospitality industry is undergoing a rapid transformation driven by emerging technologies. For hospitality professionals and leaders, understanding this shift is essential to staying competitive, efficient, and guest-focused. This transformation presents an opportunitybut also a challengefor hospitality employers and professionals.
This new integration allows hotels to leverage real-time occupancy data to automate and personalize direct booking campaigns. This new integration allows hotels to leverage real-time occupancy data to automate and personalize direct booking campaigns. per share in cash.
These models often lack the context and transparency revenuemanagers need to understand pricing decisions. AI is transforming the hospitality industry by boosting efficiencies and guest personalization however, there continues to be a steep learning curve and general misunderstanding of how and why recommendations are made.
This fundraise comes on the heels of a $50M Series C raise announced 12 months ago and caps off an impressive year of growth marked by major partnerships with Best Western, Aimbridge Hospitality, Marriott, Wyndham, TUI Hotels & Resorts, and others.
Offering a perfect blend of 19th-century grandeur and modern hospitality, Casa Palacete 1822 stands as one of Granada’s most distinctive boutique accommodations. ” For Casa Palacete 1822, this capability isn’t merely convenient—it’s transformative.
Innovation for the Long Haul The company has been leveraging AI for more than 5 years now, and is harnessing its power to deliver personalized marketing, smarter revenuemanagement, and new tools to help owners grow their business.
Prior to our present occupation, one of your two authors here, Larry, ran a hospitality and tourism marketing agency that proudly called Kona Village a client some two decades ago. Today, it serves over 500 students and stands as a reflection of my belief that hospitality extends beyond exceptional service.
The hospitality industry is no longer operating on traditional pen-and-paper methods. With a centralized HMS, revenuemanagement tools can optimize pricing strategies, direct booking systems can reduce OTA dependency, and automated staffing solutions can ensure that operational costs remain under control. Frustrating, right?
Supercharges Direct Bookings and Guest Engagement with Generative AI Sabre Hospitality announced the latest advancements in SynXis Concierge.AI is managed and monitored from a unified inbox that provides powerful insights to boost conversions, increase website engagements , and streamline operations - saving time and cost.
Custom Connectivity for Every Tier The RUCKUS hospitality solutions work together seamlessly, allowing businesses to pick and choose the right combination for their specific needs. LAN service providers are enabled to provide more customized solutions to their hospitality clients. Agilysys Book with S.P.E.N.D.
This collaboration enables hotels using Infor HMS to drive incremental revenue and elevate guest personalization by seamlessly integrating Plusgradeâs proven upsell technology into the core guest journey. âTogether, weâre bringing ancillary revenue into the digital core of hotel operations â where it belongs.
Through a seamless data exchange from Cloudbeds to STR, users will be able to track trends in occupancy, average daily rate (ADR), revenue per available room (RevPAR), and other essential metrics directly within their STR dashboard, facilitating data-driven decision-making.
The rebrand reflects the companyâs evolution over the last 22 years and its expanded focus across multiple industries, including hospitality, multifamily, senior living, student housing, healthcare and more. Vingcardâs solution portfolio now features several distinct categories that are each tailored to specific hotel operational needs.
âThis is a game changer for the hospitality industry,â said Ian Lerner, CEO of Anacove. âThis is a game changer for the hospitality industry,â said Ian Lerner, CEO of Anacove. LAN service providers are enabled to provide more customized solutions to their hospitality clients.
This new integration allows hotels to leverage real-time occupancy data to automate and personalize direct booking campaigns. This new integration allows hotels to leverage real-time occupancy data to automate and personalize direct booking campaigns. per share in cash.
According to a survey by Skift and Oracle Hospitality , 73% of hoteliers globally consider better integration between systems one of their top priorities for the coming years, proving that connected operations are essential for performance and revenue. Download the free manual Asksuite and Oracle Hospitality prepared just for you.
The enhanced version of the âSkywayâ application provides hospitality, multifamily and senior living property managers with an easier way to monitor and maintain their propertyâs technology from a single portal, driving operational efficiency and improved guest experience. Agilysys Book with S.P.E.N.D.
Back of the House chose VoicePlug for its ability to manage complex restaurant interactions, integrate seamlessly with systems, and enhance guest experiences while improving operations. This partnership reflects our shared vision of blending high-touch hospitality with intelligent automation."
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