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NEW YORKInfor announced the release of its new revenuemanagement solution (RMS) for the hospitality sector. The platform is designed to change how hotels and resorts optimize their pricing strategies and managerevenue in a complex, AI-driven market.
Fair or not, the idea that advanced revenuemanagement software is best suited for massive high-end resorts or properties that are operating under a big brand umbrella has been stubbornly persistent among hoteliers.
As a leader in revenuemanagement consulting , were always at the forefront of what is happening in the hotel industry and keeping a close eye on how revenuemanagement trends keep evolving. While questions like What are the top trends in revenuemanagement for 2025?
Book tickets for HM Awards Australasia-Pacific View the complete list of winners and highly commended below. Book tickets for HM Awards Australasia-Pacific View the complete list of winners and highly commended below. Book tickets for HM Awards Australasia-Pacific View the complete list of winners and highly commended below.
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 revenuemanagement strategies. If so, you’re on the wrong track.
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 revenuemanagement strategies. This is where you need […] The post Hotel RevenueManagement System appeared first on Are Morch, Digital Transformation Coach.
Optimal resortrevenuemanagement requires organizations to look beyond the guestroom as they seek to maximize revenue. Ideally, resort hoteliers need to understand which guests are likely to spend the most overall during their stay—and even better, understand which guests are most profitable.
The beachside hotel is operated by franchisees, Chris and Olivia Taylor, who also operate First Light Mooloolaba on the Sunshine Coast, and previously managed Hervey Bay’s Oceans Resort and Spa, both positioned within the Ascend brand. It’s really about driving direct bookings. Choice makes that happen on a global scale,” Chris added.
So, Im calling the mistakes out Here are 5 brutal revenuemanagement mistakes I see hotels make all the time as a CEO of a revenuemanagement consulting firm. So a revenuemanager should always be tracking the impact on the NRevPar (Net RevPar) or GOPPar (gross operating profit per available room).
Every hotel has a revenuemanagement strategy. For some, revenuemanagement systems—and there are numerous platforms to choose from—guide the pricing decisions based on various data points. ” Wurm pointed out that, not long ago, revenuemanagement was only about the reservations, but that has changed.
LONDON—IDeaS announced IDILIQ Hotels & Resorts has selected IDeaS G3 RMS to automate revenuemanagement 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.
Let’s be honestrunning a hotel while managing its revenue at the same time is a balancing act. From making sure staff, guests, and smooth operations are all attended to, we can understand why revenuemanagement so frequently gets put on the back burners. What Are RevenueManagement Tools?
Once again, the entries this year – from chefs to housekeepers, five-star resorts and apartment hotels – have been incredible and it has been terrific to see thousands of staff and properties highlight many achievements in another busy year,” said HM Awards Founder, Chief Judge and Editor-In-Chief, James Wilkinson.
We have written extensively about hotel revenuemanagement strategies and tactics here throughout the years. As strategy is one of the most essential parts of revenuemanagement, we have made a summary of all the top advice from our perspective as a hotel revenuemanagement consulting company.
Manual work and data errors are a thing of the past as STAAH helps Grand Sunshine Resort streamline distribution and bookings. Strategically located, Grand Sunshine Resort & Convention serves as an ideal starting point to explore the natural beauty of South Bandung, Indonesia.
When it comes to revenuemanagement, casino resorts require a different approach than traditional hotels. Implemented effectively, a solid casino-centric revenuemanagement strategy can help casino managers market their casino to the right audience and price their products to boost bottom-line revenue.
Radisson Hotel Group (RHG) has signed an agreement with La Vie Hotels and Resorts to add over 30 hotels to the Group’s portfolio over the next decade. La Vie Hotels and Resorts CEO, Jerry Xu, said it’s a major partnership for the group and one that they are “incredibly proud of”.
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. It can literally cost us millions.
In a significant step toward advancing technology adoption in India’s tourism and hospitality sector, global hospitality technology firm STAAH has signed a Memorandum of Understanding (MoU) with The Clarks Hotels & Resorts in New Delhi.
My role primarily involves business development and account management, where I focus on fostering growth and maintaining strong relationships with clients. I work with a wide range of clients from business owners and operations managers to housekeeping teams, directors, procurement professionals, and facilities management companies.
Properties across the groups network within its brands Marsden Hotels & Resorts, Ramada by Wyndham, Wyndham Garden, and Microtel by Wyndham have completed the roll-out of the STAAH channel manager, booking engine and global distribution systems (GDS).
Peachtree Group has promoted Vickie Callahan to president of the firm’s hospitality management division. In her new role, she will oversee the company’s portfolio of owned and third-party managed hotels, totaling 88 hotels across 27 brands and 11,173 rooms in 23 states and Washington, DC.
Hilton Sydney welcomes new GM Hilton Sydney has appointed Malcolm Zancanaro as the new General Manager of the hotel. I am excited to take on the role of General Manager at Hilton Sydney and appreciate the opportunity to lead such a capable and committed team that has achieved so much under the leadership of Hayden Hughes,” said Zancanaro.
Full-scale construction has commenced on the development of Radisson Blu Mirage Resort Fiji, scheduled to open in 2026, with the project now funded by both the Fiji National Provident Fund (FNPF) and BSP Financial Group (Fiji) Pte Limited (BSP).
In the fiercely competitive hospitality industry, the essence of successful resortrevenuemanagement lies in data-driven decision-making. This approach is pivotal in optimizing financial performance and driving both revenue growth and guest satisfaction. Why is RevenueManagement Imperative for Resorts?
STAAH partnered with Espire Hospitality to streamline operations and optimize revenue across the groups wide portfolio of hotels and resorts. Their user-friendly interface and range of products have helped us enhance distribution and revenuemanagement strategies, keeping us competitive in the market.
Myrtle Beach, SC-based hospitality management company Brittain Resorts & Hotels (BRH) has appointed Brittney Jones as chief development officer. Prior to assuming a position in development, she served as VP, sales, marketing and revenuemanagement, leading a team and supporting top-line revenue initiatives across the portfolio.
Crestline Hotels & Resorts, LLC announced the appointment of Leah McFarland as senior vice president of revenue strategy. McFarland joins the Crestline team from MCR Hotels where she was vice president of revenuemanagement and […] The post This Week’s Comings & Goings appeared first on LODGING Magazine.
Island Hospitality Management has launched IHM Outdoors , marking the inception of a dedicated division focused exclusively on outdoor and resort hospitality. This encompasses RV resorts, vacation rentals, glamping and other outdoor hospitality options. Santa Claus, IN; Larkspur, CO; and North Java, NY.
When it comes to luxury hospitality, every empty room represents a missed opportunity and mastering the art of revenuemanagement is paramount. The role of revenuemanagement in luxury hospitality At the core of revenuemanagement lies the art of optimizing room rates and availability to maximize revenue.
XOTELS – RevenueManagement eBook In the first chapter of this eBook, we will go over the definition of what is revenuemanagement in the hotel and hospitality industry. Everything will be explained from the fundamentals of revenuemanagement to more advanced practices and strategies.
Technology and exceptional customer support from STAAH help Hoi An River Beach Resort & Residences increase their global online footprint and drive growth. Located in the heart of Cua Dai Beach [Vietnam], Hoi An River Beach Resort & Residences offers a range of rooms with stunning views and top-class amenities.
One year on from the launch of Trilogy Hotels, the independent management company is rounding out 2024 with 13 hotels under management totalling over 2,500 rooms and overseeing $165 million in revenue. Add to that, a growing team of experienced hotel industry leaders. Tell us about how you all came together on this.
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.
Hospitality management, acquisition and development company PCH Hotels & Resorts has expanded its services to include third-party hotel management services for additional ownership groups. ” The post PCH opens third-party management to additional groups appeared first on hotelbusiness.com.
Periods of high demanddriven by holidays, festivals, or local eventscan strain resources, impact guest satisfaction, and complicate revenue and maintenance management. For instance, beach resorts may experience surges during summer months, while urban hotels might see increased bookings during major conferences or festivals.
He will work in collaboration with Howard and alongside new Group Digital Marketing Manager, Kate Tulloch. Australian PR agency Reymond has been enlisted to manage communications for Ovolo’s Australian and New Zealand hotels, restaurants and bars in 2023. “It’s
My role primarily involves business development and account management, where I focus on fostering growth and maintaining strong relationships with clients. I work with a wide range of clients from business owners and operations managers to housekeeping teams, directors, procurement professionals, and facilities management companies.
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.
Award-winning hotel booking platform Profitroom has announced a new integration with market-leading revenuemanagement software provider, IDeaS. Hoteliers with Profitroom will also be able to tap into IDeaS AI-powered demand forecasting and revenue optimisation engine to automate rate and inventory management decision recommendations.
And hotels and resorts have definitely caught on to this, offering tons of discounts to get people to book. Use revenue tech to your advantage Revenuemanagement systems (RMSs) have evolved to provide smarter segmentation and demand forecasting to tighten levels of granularity. Okay, so we all love a good deal, right?
Taking place at Cordis Auckland, the HM Awards’ first-ever satellite event will unite the hotel industry to celebrate the top hotels, resorts, departments and people across the region. New Zealand and the South Pacific hotel industry will be firmly in the spotlight at the upcoming 2024 HM Awards Aotearoa-Pacific on Friday November 1.
As a hotelier, you're likely aware that effectively managing event spaces, such as conference halls and banquet rooms, can significantly boost your hotel's revenue. Yes, optimized banquet space management contributes around 15% to 20% of total earnings. But have you been able to get it right?
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