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

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

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

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 233

Hotel Sales Revenue Sales Market 233

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

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Are you struggling with outdated hotel management methods that leave guests unimpressed and revenue stagnant?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

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.

Revenue Management 239

Revenue Management Revenue Services Sales 239

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

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

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 243

Revenue Revenue Management Hotels Hospitality 243

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

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

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

Skift Blog

APRIL 9, 2024

Skift Take: If you’re heading to the latest stop on Taylor Swift’s Eras Tour, you will likely need to book a flight and hotel. Expedia Group recently unveiled new data highlighting how its advertising tools enhance visibility for travel partners on their sites and can augment partner revenue during popular cultural events.

Events 253

Events Revenue Travel Market 253

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

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.

Revenue Management 189

Revenue Management Revenue Management Market Share 189

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

Lodging

DECEMBER 18, 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 revenue increase was largely due to continued improvement in ADR and revenue from other sources.

Revenue 182

Revenue Hotels Market Marketing 182

Hospitality Net

FEBRUARY 22, 2024

In the dynamic realm of hospitality, the role of a hotel restaurant extends far beyond just being a convenience for guests; it is a pivotal touchpoint in the guest journey, a significant driver of revenue, and an opportunity for profound engagement with both local and visiting patrons.

Revenue 227

Revenue Hotels Operations Market 227

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.

Revenue Management 162

Revenue Management Revenue Management Hotels 162

Hospitality Net

MARCH 4, 2024

Many hotels continue to rely on outdated legacy systems that may have served them well in the past but now pose serious limitations on their revenue potential. As a result, hotels often wait until an unexpected breakdown occurs, costing them significant losses, before seeking out the necessary upgrades.

Revenue 246

Revenue Hospitality Hotels 246

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.

Revenue Management 246

Revenue Management Revenue Management Hotels 246

Hospitality Net

NOVEMBER 6, 2023

A solid hotel upsell program can make a huge difference in generating direct revenue. Generally speaking, you are going to be more profitable if you choose to upsell your existing guests.

Upsell 244

Upsell Revenue Hotels 244

Hospitality Net

JUNE 14, 2023

IDeaS, a SAS company, the world’s leading provider of hospitality revenue management software and services, has announced that Garden Hotel Suzhou has deployed IDeaS’ Revenue Management System (RMS) with significant success, increasing RevPAR over the period January to May 2023 by more than 30 percent of pre-COVID levels.

Revenue 245

Revenue Revenue Management Hotels Management 245

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.

Revenue Management 243

Revenue Management Revenue Management Hotels 243

Hospitality Net

JULY 6, 2023

Based on our February 2023 Hotel Horizons® report, CBRE is forecasting that total hotel revenue for the average U.S. hotel returned to pre-COVID levels in 2022. hotels is not expected to exceed 2019 levels until 2026. This occurred despite the fact that the average occupancy for U.S.

Occupancy 225

Occupancy Revenue Forecasting Hotels 225

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.

Revenue Management 87

Revenue Management Revenue Ancillary Revenue Management 87

Hospitality Net

JULY 21, 2023

As HVS associates travel nationwide and experience new hotels, or newly renovated and revitalized properties, we are seeing many owners creating innovative ways to generate revenue. This article lists just a few ways we’ve recently come across.

Revenue 242

Revenue Operations Hotels Travel 242

Lodging

NOVEMBER 29, 2023

Sales and revenue management are two departments that seemingly should be a match made in heaven but often find themselves at odds with differing goals for success.

Revenue Management 290

Revenue Management Revenue Sales Management 290

Hospitality Net

JUNE 9, 2023

Magnuson Hotels is pleased to announce the promotion of Laura White to the position of Director of Revenue Managament. Previously serving as Client Services Director, White is now responsible for overseeing the revenue strategy implementation for the group’s portfolio.

Revenue Management 237

Revenue Management Revenue Management Services 237

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.

Revenue Management 246

Revenue Management Revenue Management Market Share 246

Hospitality Net

JANUARY 15, 2024

The final quarter of 2023 painted a rosy picture for the DACH hotel sector, with high demand sending revenues 13.7% higher year-on-year compared to a modest 0.3% increase for serviced apartments.

Services 185

Services Revenue Hotels 185

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.

Revenue Management 130

Revenue Management Revenue Management Business 130

Hospitality Net

JUNE 7, 2023

MDO, in collaboration with Stayntouch and Revenue Analytics, has released "The Hotel Profit Playbook: Data-Driven Strategies to Move Beyond Rooms Revenue," a special report aimed at redefining the way hoteliers approach profit management.

Revenue 241

Revenue Hotels Management 241

Hospitality Net

AUGUST 21, 2023

IRIS, a global market leader in digital F&B ordering, guest directory and concierge solutions for hotels and restaurants, has been chosen by the five-star Sanderson London to boost in-room F&B revenue and streamline operations.

Revenue 234

Revenue Operations Hotels Market 234

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.

Revenue Management 240

Revenue Management Revenue Management Travel 240