Hotel Business

AUGUST 20, 2024

Revenue management consultancy firm ELEVAT3 has launched a new sales & marketing division to provide tailored branding solutions for hoteliers, naming industry veteran Beth Barris as EVP, sales & marketing to lead the new offering.

Sales 111

Sales Marketing Market Revenue Management 111

SiteMinder

MAY 18, 2022

In this edition we spoke to Markus Seemann, founder of 9seemeilen Hospitality, about all things hotel revenue management. Every hotel deserves professional revenue management. I believe that not only chain hotels should have access to revenue management but also all other hotels. Table of contents.

Revenue Management 52

Revenue Management Revenue Management Occupancy 52

Hotel Speak

JULY 4, 2024

July 3, 2024— DerbySoft , specialists in high-performance distribution services, announced a new partnership with IDeaS , a SAS company, provider of hospitality revenue management software and services, that strategically provides operational and revenue-enhancing benefits for hotels of all types.

Revenue 105

Revenue Revenue Management Forecasting Overbooking 105

Xotels

APRIL 3, 2024

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.

Revenue Management 40

Revenue Management Revenue Management Ancillary Revenue 40

SiteMinder

JANUARY 14, 2025

Gain access to every major GDS network with SiteMinder With the help of SiteMinder, you can connect your hotel to all the industrys major GDS vendors Travelport, Sabre and Amadeus to generate more visibility, bookings and revenue than ever before. What is the market share of Travelport GDS? Who uses Travelport GDS software?

Global Distribution System 52

Global Distribution System Retail Market Share Services 52

Hotel Business

SEPTEMBER 18, 2024

Hotel management company EOS Hospitality has appointed Nicole Di Maio-Kennedy as VP, revenue maximization. In this role, she will spearhead the company’s revenue management strategies, driving profitability and market share growth across EOS’ portfolio.

Hospitality 59

Hospitality Revenue Management Revenue Market Share 59

Hotel Business

SEPTEMBER 10, 2024

Cheney joined the company in 2007 and served as a GM at multiple assets from Alaska to Colorado before joining the corporate team in 2011 as director of revenue management. In his new role, he will oversee all aspects of the company’s top-line operations, including revenue management, sales & marketing and digital strategy.

Services 59

Services Revenue Management Market Share Revenue 59

Hotelogix

AUGUST 6, 2024

Moving from merely managing hotel revenue to maximizing profit is a critical transformation that ensures your property's long-term success. This shift requires a comprehensive approach integrating cost control, strategic marketing, and top-notch guest services. Read Also: What is Dynamic Pricing in Hotels?

Revenue 52

Revenue Management Upsell Target Marketing 52

Hotel Business

NOVEMBER 14, 2023

Third-party management company Resolute Road Hospitality has appointed Andrea Pace-Mickley as senior corporate revenue manager. In her new role, she will lead the company’s revenue and commercial strategy, overseeing all revenue management, pricing, analytics, forecasting and channel distribution initiatives.

Revenue Management 59

Revenue Management Market Share Revenue Forecasting 59

Cloudbeds

JULY 4, 2024

Modern hotel management requires a robust set of tools and metrics to evaluate and continuously optimize revenue performance, especially in relation to competitors. In this article, we explore what ARI is and how to use it to improve revenue performance. What is the average rate index (ARI)?

Market Penetration 72

Market Penetration Management Market Share Occupancy 72

Hotel Management

JANUARY 8, 2024

Luxury hotels drive our highest profit margins and account for a significant portion of our group revenue, and as such are a major component of our expansion strategy.” Pro-invest bolsters sales and revenue capabilites Pro-invest Group has appointed new leaders across sales, revenue and commercial performance.

General Manager 147

General Manager Sales Revenue Management 147

Hotel Business

APRIL 25, 2024

First Hospitality , a national hotel operating, management and development company, has appointed Nadia Panasyuk to VP, revenue strategy. She leads the area revenue team, supporting all 70-plus properties in the First Hospitality portfolio.

Hospitality 59

Hospitality Market Share Revenue Management Revenue 59

Hotel Business

MARCH 13, 2023

It provides the following management services: hotel operations, food & beverage management, revenue management, spa operations, capital budget management, accounting services, human resources and IT services.

Management 106

Management Services Operations Resorts 106

Hotel Business

JANUARY 11, 2023

She was previously chief revenue officer for the New York-based hospitality company, which owns and operates 26 hotels in the U.S. Loews Hotels & Co has promoted Monica Xuereb to the role of chief commercial officer (CCO). and Canada.

Revenue Management 59

Revenue Management Revenue Market Share Hotels 59

Hotelier Magazine

SEPTEMBER 26, 2023

In hospitality, brand acquisition and partnerships are driven by factors such as the hotels’ desire for rapid and significant growth or the capital markets’ rewards for delivering at scale. Compared to other sectors, however, the industry is still highly fragmented, without a single brand having significant global market share.

Hospitality 98

Hospitality OTA Market Share Revenue Management 98

Hotel Speak

JULY 24, 2024

Effective hotel distribution strategies enable hotels to target the right audience, optimise occupancy rates, and enhance revenue management. The dynamic landscape of hotel distribution offers numerous opportunities for hotels to maximise their market presence and profitability.

OTA 101

OTA Hotels Revenue Marketing 101

Inn Quest

APRIL 5, 2023

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. Before delving into the benefits of yield management in the hotel industry, it is essential to understand what it means.

Yield Management 88

Yield Management Management Occupancy Revenue 88

Hotel Business

JANUARY 9, 2023

The American Hotel & Lodging Association also estimates 2022 hotel room revenue of $188.4 billion, which surpasses 2019 revenue. Acting sustainably helps hotels not only drive revenue, but can also help reduce operational expenses. By Shilpan Patel. But what lies ahead? What hotel trends will impact 2023?

Services 116

Services Revenue Occupancy Travel 116

Hotel Business

JANUARY 9, 2023

“Jeremy is a remarkable strategist who has led HEI’s revenue management organization to the pinnacle of the industry,” stated Anthony Rutledge, CEO/managing partner, HEI Hotels & Resorts. A long-time associate with the company, See joined HEI’s Manager-in-Training development program in 2009.

Revenue Management 52

Revenue Management Real Estate Revenue Market Share 52

SiteMinder

AUGUST 1, 2024

Hoteliers use rate shopping to benchmark against other properties, optimise pricing decisions, and find opportunities to maximise revenue and profitability. This blog will give you a full overview of hotel rate shopping and rate shopper tools, which you can use to boost revenue success at your business.

Shopping 78

Shopping Revenue Average Daily Rate Revenue Management 78

Hotel Business

JULY 11, 2023

Boise, ID-based management company Resolute Road Hospitality has expanded its leadership team with the additions of Sergio Cardenas as corporate director of sales and revenue management and Amanda Schaus as chief legal officer. Cardenas joins the team with more than 32 years of experience in the hospitality industry.

General Manager 75

General Manager Real Estate Revenue Management Market Share 75

Hotel Business

JANUARY 19, 2023

Hospitality Ventures Management Group (HVMG) , an Atlanta-based, private hotel investment, ownership and management company, has promoted Cory Chambers to the newly created role of chief commercial officer/SVP, business intelligence. Cole, president/CEO, HVMG. increase in 2022, our best year yet.

Business 59

Business Market Share Revenue Sales 59

Hotel Speak

JUNE 6, 2024

The acquisition of SHR — based in Houston, Texas — will enable Access to make further inroads into the US market and service larger hotel groups, which often have more complex distribution needs than smaller boutique and independent operators. Rod Jimenez, CEO SHR, added, “We are thrilled to announce that Access has acquired SHR.

Revenue 104

Revenue Hotels Operations Casinos 104

Hotel Business

JUNE 22, 2023

WaterWalk has appointed Greg Presley to VP, franchise development and Belinda McCasland to senior director, revenue management. “We She has more than 30 years of experience in hotel operations, revenue management and brand performance with companies such as Hilton, Choice International and IHG.

Revenue Management 52

Revenue Management Revenue Market Share Accommodation 52

Hotel Business

JULY 16, 2024

He added, “InnVentures’ success is built upon its distinctive brand of operational excellence, optimizing e-commerce strategies to maximize revenue management and a strong, onsite direct sales team. This mix is what has propelled our hotels to increase their market share approximately 15% above the industry average.”

Management 65

Management Market Share Revenue Management Marketing 65

Hotel Business

OCTOBER 10, 2024

Hotel management and development company First Hospitality has introduced First Analytics, a suite of forward-looking analytics and reporting. Previously holding the title of VP, revenue analytics, He led the revenue management teams and strategies for First Hospitality’s full-service hotels.

Hospitality 59

Hospitality ROI General Manager Revenue 59

Cloudbeds

OCTOBER 9, 2024

For hotel managers and the industry as a whole, accurate forecasting is not just beneficial—it’s essential for maintaining competitiveness and profitability in a dynamic market. For instance, businesses may forecast sales or total revenue to guide their strategic planning and resource allocation. What is forecasting?

Forecasting 59

Forecasting Hospitality Occupancy Revenue Management 59

Hotel Business

MAY 11, 2023

Currently, hundreds of Wyndham branded hotels are live on OPERA Cloud with franchisees using the system to simplify everyday hotel tasks, personalize guest experiences and help boost revenue. ” The post Oracle to bring OPERA Cloud to 2K Wyndham hotels appeared first on hotelbusiness.com.

Revenue Management 52

Revenue Management Scale Upsell General Manager 52

Hotelogix

DECEMBER 19, 2024

More Revenue: Discover fresh ways to boost your earnings. It applies historical data and machine learning algorithms to predict booking patterns, seasonal demand, and potential revenue opportunities. Revenue Management Figuring out room prices can be tough. Smoother Operations: Spot and fix problems in your work process.

Business 40

Business Hotels Forecasting Revenue 40

Hotel Speak

SEPTEMBER 26, 2024

In September 2024, I gathered over 20 hoteliers and inudstry experts to explore five pertinent issues 1) 2024 Performance, 2) Revenue Generation, 3) Staffing and Leadership, 4) Marketing and Demand and 5) Technology and Vendors. Although global hotel revenue per available room (RevPAR) stayed high during the first half of 2024 – 13.2%

Marketing 104

Marketing Market Hotels Forecasting 104

Hotel Business

APRIL 13, 2023

Through enhanced operations, robust group sales efforts, strategic revenue management and optimization of the food & beverage concepts, we look forward to elevating both hotels with genuine heart to embolden a truly authentic experience.”

Market Share 52

Market Share Resorts Revenue Management Events 52

Hotel Business

JUNE 7, 2024

In this competitive and increasingly complex industry, leveraging AI’s immense potential will give hoteliers a competitive edge—enabling them to revolutionize guest experiences, drive operational efficiencies and increase revenue.” This acquisition is a key milestone in our drive to grow our market share in the U.S.

Casinos 59

Casinos Upsell Digital Marketing Revenue 59

Amadeus Hospitality

FEBRUARY 28, 2023

A host of challenges face hoteliers, including the realization that in order to succeed, they must rely on business tools that enable them to make smarter revenue decisions. Today, hoteliers need access to comprehensive, forward-looking market insights to better understand and adapt to rapidly changing conditions.

Business 55

Business Occupancy Revenue Market Share 55

Xotels

AUGUST 9, 2021

Google is taking the hotel industry by storm to gain market share and grow their advertising revenues. We will take a look at how Google is penetrating the hotel distribution vertical with Google Hotel Ads, and what opportunities this gives in terms of hotel revenue management and marketing.

Market Share 52

Market Share Hotels Cancellation OTA 52

Cloudbeds

SEPTEMBER 18, 2024

From understanding top-performing channels to finding new revenue opportunities to enhance the guest experience, data analytics touches every department. This data can then be used to make changes to improve revenue management, occupancy, guest experience, and operational efficiency. Revenue management KPIs.

Operations 40

Operations Revenue Management Occupancy Revenue 40

Boutique Hotel News

APRIL 18, 2023

Another example is in revenue management, which is an area in which Yanolja Cloud offers various solutions. Perhaps that could be a revenue management solution to increase occupancy rates and optimise revenue. Or a channel manager to ensure their property has the widest reach of potential customers.

Hospitality 52

Hospitality Revenue Management Occupancy Revenue 52

Amadeus Hospitality

MAY 7, 2023

Commenting on the new agreement, Deniel Frey, VP Revenue Management, H-Hotels GmbH , said: “Our long relationship with Amadeus has been strengthened even further with the addition of several key Digital Media solutions.

Market Share 52

Market Share Marketing Market Travel 52