Xotels

APRIL 3, 2024

XOTELS – Revenue Management eBook In the first chapter of this eBook, we will go over the definition of what is revenue management in the hotel and hospitality industry. Everything will be explained from the fundamentals of revenue management to more advanced practices and strategies.

Revenue Management 52

Revenue Management Revenue Management Forecasting 52

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. Hotels are increasingly employing sophisticated tools to analyse vast amounts of data, from booking patterns to guest preferences.

Revenue Management 52

Revenue Management Revenue Management Market 52

Hospitality Net

DECEMBER 12, 2023

A recent study by Regional Research Reports concluded that in 2022, the global Hotel Revenue Management Systems (RMS) market was valued at millions of USD and was projected to reach multi-millions of USD by 2033. And there are reasons we’re seeing such a rapid rise in demand: Next-generation RMSs.

Revenue Management 130

Revenue Management Revenue Management Business 130

Hotel Management

MARCH 25, 2024

Intellisoftware will also gain a seat on ARMA’s Skills Council to provide input for ARMA’s nationally recognised and accredited VET qualification in revenue and yield management launching this year.

Revenue Management 130

Revenue Management Revenue Yield Management Management 130

STAAH

APRIL 2, 2024

Effective revenue management provides hoteliers with a clear roadmap for pricing and optimisation, while acting as a gauge to measure success. What is a Revenue Management Solution for Hotels? What is a Revenue Management Solution for Hotels? How Do They Work? How Do They Work?

Revenue Management 80

Revenue Management Revenue Management Hotels 80

eZee Absolute

DECEMBER 7, 2023

Revenue management (RM) is supremely necessary for hotels. While many hotels are making the best out of it to boost their bottom line, some are still thinking of it as a mythical unicorn. I kid you not, most of the hotels refrain from opting for any sort of revenue management services.

Revenue Management 98

Revenue Management Revenue Management Overbooking 98

Hospitality Net

AUGUST 27, 2023

Casino hotels comprise only a tiny fraction of hundreds of thousands of hotels across the world. With casinos now in almost every state in the US, knowledge about gambling operations, loyalty programs, and marketing tactics is increasingly prevalent.

Casinos 173

Casinos Revenue Management Revenue Management 173

Hotel Speak

FEBRUARY 1, 2024

The annual Duetto Revenue Management Trends & Predictions Survey results are in! After weeks of polling hoteliers from around the world, we can now deep-dive into the results and see what trends and predictions hotel teams are looking at for 2024. are currently using a revenue management system (RMS), up from 82.3%

Revenue Management 96

Revenue Management Revenue Management Forecasting 96

Demand Calendar

JUNE 20, 2023

Hotel revenue managers call these fluctuations seasonal and day-of-the-week demand variations. So if a hotel depends on travel reasons to the destination, which is the role of marketing and revenue management? There is no reason to go to the beach and no demand for overnight accommodation.

Revenue Management 66

Revenue Management Revenue Management Market 66

Hospitality Net

JULY 18, 2023

Duetto, the hospitality industry’s #1 Revenue Management Software (RMS), has released its latest look at the global hotel market, reporting positive signals in all metrics through to year-end.

Hotel Marketing 189

Hotel Marketing Market Marketing Revenue Management 189

Belza

JUNE 4, 2023

Unlocking Hotel Revenue Management- Balancing Costs and Market Demand for Long-term Profitability | Hotel Marketing

Revenue Management 52

Revenue Management Revenue Market Marketing 52

eHotelier

AUGUST 2, 2023

Revenue management can sell a 3-star hotel room for 1000 euros a night: here’s how - Insights There’s no limit to the rack rate if the demand is there. Revenue managers use data to predict market rates, not feelings.

Revenue Management 98

Revenue Management Rack Rate Revenue Management 98

Little Hotelier

FEBRUARY 25, 2024

What is revenue management consulting? Revenue management consulting is specialised expertise that a business can bring in to gain guidance on managing and optimising revenue. An investment in hotel revenue management services is therefore one that can quickly deliver an attributable return.

Revenue Management 52

Revenue Management Revenue Services Management 52

Lodging

MAY 6, 2024

PALMA, Spain—Hotelbeds announced the renewal of its strategic agreement with Choice Hotels for the next three years, adding Radisson Americas properties to the TravelTech company’s portfolio. It not […] The post Hotelbeds Renews Partnership With Choice Hotels appeared first on LODGING Magazine.

B2B 157

B2B Revenue Management Hotels Revenue 157

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.

Revenue Management 52

Revenue Management Revenue Management Upsell 52

STAAH

APRIL 16, 2024

One of the most powerful tools in their arsenal is a robust Revenue Management Solution (RMS). To help you navigate this decision-making process, let’s explore the essential features to consider when selecting an RMS for your hotel. Scalability and Flexibility: As your hotel grows, so should your RMS.

Revenue Management 79

Revenue Management Revenue Management Forecasting 79

Catala Consulting

NOVEMBER 18, 2023

Introduction This new focus acknowledges that while revenue is crucial, it is the profitability that ultimately determines a hotel’s financial health and success. Profitability management encompasses a broader perspective, considering factors like cost control, efficient resource utilization, and value creation for guests.

Revenue Management 52

Revenue Management Revenue Management Hotels 52

Hotel Business

SEPTEMBER 12, 2023

IDeaS , a SAS company, has released the report “ Unlocking Hotel Performance: The Power of Revenue Management Technology Today ,” which includes key insights into how investors view revenue technologies, the role of artificial intelligence in hospitality and how technology is reshaping hospitality commercial organizations.

Revenue Management 59

Revenue Management Revenue Net Operating Income Management 59

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. We need to fill our hotels!

Revenue Management 64

Revenue Management Revenue Management Forecasting 64

Catala Consulting

JANUARY 8, 2024

Introduction Revenue Management Systems (RMS) are the cornerstone of modern hospitality and travel industries. The Beginnings: 1970s and 1980s Origin in Airlines : The concept of Revenue Management originated in the airline industry post-deregulation. They primarily helped in setting room rates and managing reservations.

Revenue Management 52

Revenue Management Revenue Management Forecasting 52

Hospitality Net

NOVEMBER 6, 2023

Duetto, the hospitality industry’s #1 Revenue Management Software (RMS), has announced today that Advance, its real-time, dynamic revenue optimization solution, unveiled at ITB in March, is now available to hotels around the world.

Revenue Management 248

Revenue Management Revenue Market Marketing 248

Hotel News Resource

APRIL 30, 2024

We sat down with three Revenue Management experts, Virginia McShane, Joshua Clem, and Hudson Wood, to get some tips and tricks for tracking pickup and pace, communicating with other departments, and staying flexible in a dynamic market.

Revenue Management 45

Revenue Management Revenue Management Market 45

Hotel News Resource

MAY 1, 2024

Sources predict that hotels' pricing power will remain strong. However, we don't need a pandemic recovery to fall into the trap of overpricing. Why do we do this?

Revenue Management 81

Revenue Management Revenue Market Marketing 81

STAAH

MAY 7, 2024

Before you realize it, the upcoming peak season will be here, presenting an opportunity to maximize your hotel’s occupancy with satisfied guests. In this regard, having a solid marketing mix in place is crucial. Establishing a marketing database through guest sign-ups enables personalized communication.

Market 83

Market Marketing Occupancy Digital Marketing 83

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?

Revenue Management 52

Revenue Management Revenue Resorts Management 52

Belza

JULY 2, 2023

Understanding Hotel Revenue Management Strategies and Their Impact on Occupancy Rates | Hotel Marketing

Revenue Management 52

Revenue Management Revenue Management Occupancy 52

SiteMinder

OCTOBER 26, 2023

Dallas, USA – 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.

Revenue Management 81

Revenue Management Revenue Resorts Management 81

SiteMinder

MARCH 4, 2024

Berlin, Germany – SiteMinder, the name behind the only software platform that unlocks the full revenue potential of hotels, has today released its industry-leading platform on mobile, to give accommodation providers the power to execute their property’s revenue management strategy and mitigate real-time risks, free from their desk.

Revenue Management 59

Revenue Management Revenue Management Accommodation 59

Hotel Management

JULY 25, 2023

BWH Hotels is set to expand its presence in the New Zealand market through a partnership with Capstone Hotel Management. BWH Hotels Australasia Director of Development, Danilo Curcuruto, said the partnership is a springboard for further expansion in the New Zealand market.

Market 130

Market Marketing Revenue Management Management 130

STAAH

OCTOBER 5, 2022

The leading cloud-based hospitality solution specialist STAAH has partnered with Revnomix Solutions LLP, a seven-year-old revenue management firm with a Global presence, which provides revenue management services to hotels. We are delighted to partner with Revnomix, a leading player in the revenue management space.

Revenue Management 84

Revenue Management Revenue Management Retail 84

SiteMinder

OCTOBER 9, 2022

Few roles in the hotel industry have evolved as quickly as the revenue manager.Powered by technological advances, the rapid sharing of knowledge and online training, the discipline is synonymous with smart pricing decisions and expectations are always high in the highly competitive accommodation market. Table of contents.

Revenue Management 59

Revenue Management Revenue Management Occupancy 59

Lodging

JANUARY 9, 2024

ORLANDO, Florida—Auro Hotels announced the newest addition to its portfolio: the Courtyard by Marriott Orlando Airport. This property acquisition adds to its base in the Orlando market, bringing the total to eight properties and 1,521 rooms.

Market Share 167

Market Share Revenue Management Hotels Operations 167

Hospitality Tech

JANUARY 30, 2024

In a constantly-evolving market, there is no room for complacency. It is critical hotels understand not only the need to adopt dynamic revenue management practices, but how every customer touchpoint is now a revenue opportunity.

Revenue Management 52

Revenue Management Revenue Management Market 52

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. Revenue managers have had to up their ante on monitoring local trends and populace segments to get a better understanding of demand.

Revenue Management 71

Revenue Management Revenue Management Forecasting 71

Belza

FEBRUARY 19, 2023

Dynamic Hotel Revenue Management Growth Strategies | Hotel Marketing

Revenue Management 52

Revenue Management Revenue Management Hotel Marketing 52

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. Lack of skilled staff.

Revenue Management 72

Revenue Management Revenue Management Forecasting 72

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.

Revenue 189

Revenue Digital Marketing Revenue Management Consumer 189