Hotel Management

JULY 2, 2024

No need to obsess over RevPAR or lose sleep over ADR – there are much more important metrics out there for revenue managers. Revenue management is not a walk in the park. The latest guide by Mews, the industry-leading hospitality cloud, explores the new success metrics for revenue managers.

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Lodging

FEBRUARY 29, 2024

PARIS and MINNEAPOLIS—IDeaS and Accor announced that Accor has chosen IDeaS as its global revenue management software (RMS) provider. Partnering on a suite of IDeaS revenue management solutions, Accor continues to update its commercial strategy for hotels, property owners, and managers.

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Lodging

AUGUST 8, 2024

Revenue management in the hotel industry has become a science over the last few years with pricing strategies that increasingly factor in supply/demand fluctuations and the development of automated revenue management systems (RMSs).

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Hospitality Net

JUNE 18, 2024

SalesAndCatering.com and LodgIQ™ today announced a new strategic partnership to integrate LodgIQ’s revolutionary artificial intelligence (AI) revenue management technology into SalesAndCatering’s award-winning group and event management platform, STS Cloud.

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Hospitality Net

JUNE 27, 2024

Adagio, the European leader of aparthotels, announced today the decision to deploy IDeaS G3 revenue management system across its portfolio of properties. This sophisticated, automated system has been specifically adapted to maximize revenue while meeting the operational priorities of medium- and long-stay hotel residences.

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Catala Consulting

OCTOBER 7, 2024

In today’s rapidly evolving hospitality industry, the challenge of maximising revenue has become more complex than ever. With growing competition and increasing guest expectations, hotels must adopt innovative solutions to stay ahead. One key strategy emerging as a game-changer is data-driven revenue management.

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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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eHotelier

JUNE 6, 2024

Here's an in-depth look at the benefits of revenue management for hotel leadership in non-revenue generating departments, including hotel owners/operators, hotel managers/GMs and front desk managers.

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Hotel Speak

FEBRUARY 28, 2024

China outbound travel is returning, technology is innovating at a rapid rate, and hoteliers have more opportunities to revenue manage beyond room rates. This puts a lot of pressure on hotel P&Ls. Revenue without profit is worth nothing! We see VAT jumping back up in Germany, for example.

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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.

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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.

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Hospitality Net

APRIL 17, 2024

Organizations are able to harness the power of data to gain a deeper understanding of their operations, customer behaviors, and market trends, unlocking competitive advantages.

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Catala Consulting

SEPTEMBER 26, 2024

The Revenue Management Playbook Online Course is now LIVE! The hospitality industry is evolving faster than ever, and with this evolution comes a heightened need for revenue management expertise. Revenue managers analyse past performance data, market trends, and guest behaviours to anticipate future demand.

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Hospitality Net

SEPTEMBER 26, 2024

Titanic Hotels, a leading hotel brand operating across Turkey and Germany, has partnered with IDeaS, a SAS company, the world’s leading provider of revenue management software and services, to optimize its revenue strategy across their German portfolio.

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SiteMinder

JUNE 6, 2024

A quick search on the internet yields a wide range of definitions for ‘revenue management’. Some of these take a theoretical, almost academic approach and, in several instances, there are iterations of revenue management’s classic definition: ‘selling the right room, to the right guest, at the right time, for the right price’.

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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%

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STAAH

APRIL 9, 2024

All employees are revenue management ambassadors for their organisations. Everyone contributes to the revenue success of a business in both direct and non-direct ways. Surprisingly, the value of operational excellence on commercial performance is often not talked about enough.

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Belza

JUNE 22, 2024

Using Hotel Revenue Management to Increase Net Operating Income | Hotel Marketing

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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?

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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.

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Hotel Business

JULY 18, 2024

Hotel owner, operator and developer Hotel Equities (HE) has promoted Bill Stachler to SVP. revenue management. Stachler’s analytical prowess and leadership have been pivotal in shaping our revenue strategies,” said Al Smith, HE’s president, hotel operations.

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Demand Calendar

MARCH 19, 2024

The main argument of this blog post is simple but essential: hotels focus too much on room revenue, ignoring other valuable sources of income. Full-service hotels have various revenue-generating opportunities, such as food and beverage operations, spa services, and event hosting.

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Hotelogix

JULY 11, 2024

As an independent hotel owner, you understand the challenges of driving revenue in a competitive market. From setting the right prices to attracting the right guests, every decision you make impacts your hotel's bottom line.   What is Revenue Management in Hotels?

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Hotel Business

JUNE 28, 2024

While quoting Thanos is maybe a little dramatic here, hotel budgeting season being right around the corner is no joke. That said, it’s clear that there are few items on your property’s wish list that provide the long-term value of an effective revenue management system. Is your hotel still manually generating forecasts?

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eZee Absolute

MAY 13, 2024

Well, the answer lies in how well you’re using your Hotel Revenue Management System (RMS) reports. But with so many reports available, how do you find the ones essential for maximizing your hotel’s revenue? Flash Report Flash Report presents the summary of hotel performance metrics.

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Hospitality Net

AUGUST 30, 2024

Although hotel departments have historically operated in silos, the way consumers interact with hotels nowadays highlights the increased need for consolidation into a comprehensive commercial strategy – where everyone from front office staff to revenue management, sales, and marketing are aligned towards delivering the best experiences to guests and (..)

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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. However, an often overlooked element in this equation is the role of hotel reception staff.

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Hospitality Net

OCTOBER 31, 2024

The digital age has brought new challenges and opportunities for hoteliers, making it essential to adopt advanced systems to optimize operations and enhance guest experiences. Two critical components of a hotel’s technology ecosystem are the Property Management System (PMS) and the Revenue Management System (RMS).

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Lodging

SEPTEMBER 4, 2024

LONDON—IDeaS announced IDILIQ Hotels & Resorts has selected IDeaS G3 RMS to automate revenue management and optimize its pricing strategies across its portfolio of luxury resorts. IDILIQ Group designs, develops, and manages residences in destinations in Europe and the United States.

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Webrezpro

MAY 18, 2023

Hotel revenue management is a complicated process with a simple goal: to maximize revenue. If your hotel’s bottom line is bottoming out, […] Source

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SiteMinder

AUGUST 11, 2024

It’s hard to imagine revenue management before the advent of hotel software and systems. Thanks to these solutions, today’s revenue manager can produce forecasts, distribute inventory and adjust rates with speed – a stark contrast to the manual and long drawn-out processes that defined the practice in the past.

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Hospitality Net

AUGUST 26, 2024

Hotel & Tourism Investment Forum – HTIF 2024, the most influential hospitality conference in Bulgaria and one of the most visited in Europe will cover a broad range of topics, including sustainable hospitality investments and operations, strategic management, digitalization, revenue management, and human resources.

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Xotels

SEPTEMBER 13, 2024

As a leader in revenue management consulting , we’re always at the forefront of what is happening in the hotel industry ─ and keeping a close eye on how revenue management trends keep evolving. While questions like “What are the top trends in revenue management for 2024?”

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Xotels

SEPTEMBER 13, 2024

As a leader in revenue management consulting , we’re always at the forefront of what is happening in the hotel industry ─ and keeping a close eye on how revenue management trends keep evolving. While questions like “What are the top trends in revenue management for 2024?”

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Revenue Management Revenue Management Ancillary Revenue 40

Hospitality Net

SEPTEMBER 25, 2024

ROH, the hospitality industry’s first payments and revenue management platform designed to help hotels increase profitability, today announced that Loews Miami Beach Hotel, an iconic hotel with an enviable oceanfront location, has selected ROH to streamline operations and empower its sales and finance team.

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SiteMinder

SEPTEMBER 17, 2024

Unlike revenue management systems that have traditionally been accessible to a limited number of hotels, the dual capability within Dynamic Revenue Plus means any hotel can, for the first time, use one, mobile-first system to optimise their revenue based on market demand.

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

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