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Hotel Revenue Management Strategies

Xotels

We have written extensively about hotel revenue management strategies and tactics here throughout the years. As strategy is one of the most essential parts of revenue management, we have made a summary of all the top advice from our perspective as a hotel revenue management consulting company.

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How to choose hotel revenue management software

SiteMinder

What is revenue management software? Revenue management software is a digital tool designed for the hospitality industry to optimise room rates based on predicted demand. It uses data analytics to forecast hotel room demand, allowing hoteliers to adjust prices accordingly to maximise revenue.

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Why events are shaking up the world of travel – and what this means for hotel revenue management

SiteMinder

As Allied Market Research reports, the global events industry is projected to reach US$2 trillion by 2032 nearly doubling its 2019 size of US$1.1 trillion suggesting that events are set to become an even more important revenue source for the hospitality industry. You and I might think $700 for a ticket is crazy, says Bartnick.

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Top Revenue Management Strategies for Hotels

Xotels

We have written extensively about hotel revenue management strategies and tactics here throughout the years. As strategy is one of the most essential parts of revenue management, we have made a summary of all the top advice from our perspective as a hotel revenue management consulting company.

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What is Yield Management: Guide for Hotels

SiteMinder

What is Yield Management? Yield management is a pricing and revenue management strategy that is used to maximise business performance. It involves adjusting prices based on predicted demand and other external factors to maximise revenue or yield. Revenue management is the focal point for hotels in today’s climate.

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Club Quarters names Joseph Turano COO

Hotel Business

Club Quarters Hotels , a hotel brand and management company, has appointed Joseph Turano as COO. Two others have joined the executive team: Shawn Usami as VP, revenue management, and Kendall Viola as VP, marketing. “We Turano has more than 25 years of management experience.

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Benefits of Yield Management in the Hotel Industry

Inn Quest

Anyone who has worked in the hospitality industry for a few years would enthusiastically attest to the importance of yield management in hotels, particularly in hotel revenue management. Yield management enables the adjustment of prices and inventory to meet seasonal demand, resulting in better revenue management in hotels.