Hospitality Net

APRIL 23, 2024

In a significant advancement for the hospitality technology sector, Visual Matrix is proud to announce its integration with Duetto and its flagship revenue management products: GameChanger, ScoreBoard, and BlockBuster.

Revenue Management 245

Revenue Management Revenue Management Operations 245

Hospitality Net

MAY 13, 2024

In today’s digital landscape, a successful hotel revenue strategy is more than filling rooms. It’s about targeting the right traveler and tapping into data-backed industry trends to stay competitive.

Revenue 245

Revenue Hotels Travel 245

Hospitality Net

JUNE 12, 2024

SiteMinder, the name behind the only software platform that unlocks the full revenue potential of hotels, and Cloudbeds, the leading platform redefining the concept of PMS for the hospitality industry, have established a strategic partnership to expand connectivity between platforms and create new revenue capabilities for more than 60,000 hoteliers (..)

Revenue 244

Revenue Hotels Hospitality 244

Skift Blog

MAY 20, 2024

Skift Take: A forthcoming report from JLL Hotels & Hospitality reveals that the state's top 10 lodging markets have consistently outperformed national averages for revenue growth. Sean O'Neill Read the Complete Story On Skift

Revenue 253

Revenue Hotels Market Marketing 253

Hospitality Net

JULY 9, 2024

Singapore, 10/July/2024: Hotelogix, a globally leading cloud-based hospitality technology provider, announced the two-way integration of its Hotel Property Management System (Hotel PMS) with Lybra’s Assistant Revenue Management System (RMS).

Revenue 147

Revenue Revenue Management Hotels Management 147

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.

Revenue 264

Revenue Hospitality Management Services Hotels 264

Hospitality Net

JULY 2, 2024

The hotel industry, long dependent on traditional methods, is now facing transformative change. AI can improve guest experiences, personalize interactions, optimize operations, and refine revenue strategies - shifting manual tasks and spreadsheets to AI-driven decisions.

Revenue 162

Revenue Hotels Operations Hospitality 162

Hospitality Net

DECEMBER 12, 2023

As of year-end 2022, the average hotel in CBRE’s Trends® in the Hotel Industry survey sample had surpassed its 2018 total revenue figure by 1.5%. This was achieved even though the average hotel had rented 8.2% The improvement was largely due to continued improvement in average daily rate and revenue from other sources.

Average Daily Rate 246

Average Daily Rate Ancillary Revenue Revenue Hotels 246

Hospitality Net

FEBRUARY 21, 2024

Lodging Interactive, an award-winning digital marketing, reputation management, and social media engagement agency exclusively serving the hospitality industry since 2001, in a groundbreaking move, is proud to announce the launch of Commingle360, an evolutionary service designed to transform social media engagement into direct hotel bookings and revenue. (..)

Revenue 251

Revenue Digital Marketing Hotels Services 251

Lodging

MAY 20, 2024

Revenue optimization has long been a property-defining role for hotel organizations, yet revenue professionals can often feel distant from the hotels they work with. Recognizing and elevating the people behind a hotel’s revenue performance is as vital as it is challenging.

Revenue 147

Revenue Hotels Revenue Management Operations 147

Skift Blog

JUNE 20, 2024

Skift Take: Lighthouse, the travel startup formerly known as OTA Insight, has bought Berlin-based HQ revenue. The deal marks another step in Lighthouse's strategy of expanding through talent acquisition rather than merely accumulating customer lists. Sean O'Neill Read the Complete Story On Skift

Revenue 273

Revenue Travel OTA Revenue Management 273

Lodging

FEBRUARY 28, 2024

Extended-stay hotels, typically known for their resilience and consistent returns, are looking for a way to boost revenue for the first time in years. Competitive indicators show extended-stay properties stand to benefit from advanced revenue management support now more than ever.

Revenue Management 162

Revenue Management Revenue Management Operations 162

Skift Blog

JULY 17, 2024

Skift Take: Global Hotel Alliance crosses a billion in revenue for the first half of the year, helped out by high room rates in its home city of Dubai. Josh Corder Read the Complete Story On Skift

Revenue 130

Revenue Hotels Tourism Travel 130

Are Morch

MAY 3, 2024

Do you feel that a hotel that gets the maximum number of guests is profitable? Hotel and resort businesses become more profitable when they earn more revenue regularly. You can do the same for your hotel by setting the right revenue management strategies. If so, you’re on the wrong track.

Revenue Management 130

Revenue Management Revenue Resorts Management 130

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.

Revenue 246

Revenue Management Hotels 246

Hospitality Net

MAY 3, 2024

In a virtual roundtable discussion hosted by HSMAI Europe on Thursday last week, senior revenue management executives gathered to delve into the evolving landscape of Creating a Total Revenue Management (TRM) Culture in the hospitality sector.

Revenue Management 246

Revenue Management Revenue Management Business 246

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.

Revenue Management 241

Revenue Management Revenue Management Hotels 241

Hospitality Net

MAY 16, 2023

Magnuson Hotels is pleased to announce the promotion of Adnan Malik to the position of Chief Revenue Officer (CRO). In his new role, Malik will oversee the company’s revenue management strategy and drive initiatives to enhance revenue growth across the organization.

Revenue 290

Revenue Revenue Management Hotels Management 290

Hospitality Net

NOVEMBER 9, 2023

This is where hotel data revenue can help. In the perpetual quest to achieve greater market share, hoteliers constantly seek strategies to help them transcend the competition posed by online travel agencies (OTAs).

Revenue 244

Revenue Market Share OTA Hotels 244

Hospitality Net

JANUARY 21, 2024

Stephanie Smith from Cogwheel Marketing & Analytics and Trevor Grant from Revenue Hub joined together for a discussion, where they explore how hotel sales and marketing can seem disconnected when looking at how to drive topline revenue.

Hotel Sales 231

Hotel Sales Revenue Sales Market 231

Hospitality Net

APRIL 19, 2024

With 40% of Americans saying they plan to travel even more in 20241, there is a massive opportunity for hotel owners and operators to drive even more revenue by leveraging ancillary offerings. By now, you’re likely familiar with the concept of ancillary revenue in the hotel industry — it’s not just about selling products.

Ancillary Revenue 237

Ancillary Revenue Revenue Travel Operations 237

Lodging

APRIL 9, 2024

hotels are projected to generate record levels of federal, state, and local tax revenue this year while paying employees historic totals of wages, salaries, and other compensation, according to state-by-state projections released today by the American Hotel & Lodging Association. billion in tax revenue in 2024.

Revenue 147

Revenue Hotels 147

Hospitality Net

DECEMBER 10, 2023

Are you struggling with outdated hotel management methods that leave guests unimpressed and revenue stagnant? If so, it’s time to explore the tech tools that can help you stay ahead of the curve.

Revenue 246

Revenue Hotels Management 246

Hospitality Net

JULY 15, 2024

In the competitive landscape of the hospitality industry, email marketing has emerged as a powerful tool for hotels to increase bookings and revenue. This guide provides a comprehensive overview of effective email marketing strategies tailored for hotels, helping you leverage this tool to its fullest potential.

Email Marketing 130

Email Marketing Revenue Market Marketing 130

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

Lodging

JUNE 26, 2024

SAN FRANCISCO, California—Duetto announced a product development designed to let hoteliers optimize revenue across all segments, including transient, group, and function space.

Revenue 147

Revenue Sales Business Hotels 147

Hospitality Net

JUNE 6, 2024

Since the early days revenue management has been applied in hotels, there has been an intriguing ongoing discussion. What drives more value to the business, ADR, average daily rate, or occupancy?

Revenue Management 246

Revenue Management Average Daily Rate Occupancy Revenue 246

Hospitality Net

MAY 16, 2023

A strong first quarter to start the year left hotel companies broadly optimistic as executives made widespread increases to full-year 2023 revenue per available room projections.

Revenue 243

Revenue Hotels 243

Hospitality Net

NOVEMBER 20, 2023

Cendyn, a catalyst for digital transformation in the hospitality industry, and SiteMinder, the name behind the only software platform that unlocks the full revenue potential of hotels, are excited to announce a strategic partnership to mutually grow each other’s revenue management capabilities for the benefit of more than 70,000 hotels.

Revenue 240

Revenue Revenue Management Hotels Management 240

Hospitality Net

JANUARY 30, 2024

Hotels are projected to pay a record amount of wages and generate a record level of tax revenue in 2024, according to the American Hotel & Lodging Association’s 2024 State of the Hotel Industry report.

Revenue 262

Revenue Hotels 262

Lodging

NOVEMBER 2, 2023

What’s important to contemplate is the role natural language can and will have on enterprise-level technology solutions, and how they can […] The post How AI and LLMs Will Shape Future Hotel Revenue Strategies appeared first on LODGING Magazine.

Revenue 263

Revenue Sales Hotels Revenue Management 263

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. Get your copy here.

Revenue Management 130

Revenue Management Revenue Management Hospitality 130

Hospitality Net

JUNE 25, 2024

With hotels focused on increasing revenue per available room (RevPAR), food and beverage (F&B) revenue is often an overlooked source of financial opportunity for properties.

Revenue 147

Revenue Hotels 147

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.

Revenue Management 244

Revenue Management Revenue Management Hotels 244

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.

Revenue Management 245

Revenue Management Revenue Resorts Management 245

Hospitality Net

FEBRUARY 8, 2024

The HSMAI Americas Professional and Educator of the Year Awards recognize and promote excellence in the fields of sales, marketing, and revenue optimization in hotels.

Revenue 261

Revenue Market Marketing Sales 261

Hospitality Net

FEBRUARY 8, 2024

Deloitte’s Hospitality Industry Outlook 2023 identified the hospitality sector’s key challenges for 2024 as a drop in consumer confidence, continuing labor shortages, and the inability of hotels to raise prices despite escalating costs.

Revenue Management 198

Revenue Management Revenue Management Hospitality 198