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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?
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.
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.
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).
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. This presents new growth opportunities for New Zealand-based companies.
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.
Marsden Hotel Group, owner and operator for successful 4-5 start properties across New Zealand, has teamed up with STAAH, a leading technology provider for hospitality businesses, to boost the revenue-generating capabilities of the properties in its network.
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”.
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).
STAAH partnered with Espire Hospitality to streamline operations and optimize revenue across the groups wide portfolio of hotels and resorts. This collaboration addresses Espires operational challenges, improving efficiency, and ensuring long-term growth.
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.
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. So, let’s provide you with a list of revenuemanagement tools to simplify managing your hotel so much easier: What are RevenueManagement Tools?
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.
La Vie announces six appointments Talal Ammari La Vie Hotels and Resorts has kicked off 2024 with six new appointments. He brings nearly two decades of hospitality experience, including expertise in identifying and capitalising on opportunities to build revenue.
Expotel Hospitality announced Bret Chittenden, formerly the firm’s chief operating officer, has become its new president. Crestline Hotels & Resorts, LLC announced the appointment of Leah McFarland as senior vice president of revenue strategy. Chittenden has been part of the company since its inception in 1999.
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.
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.
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. I was working on the investor side and getting quite frustrated with the relationship between an investor and an operator.
Singapore, 27/October/2023 : Hotelogix , a globally leading cloud-based hospitality technology provider, said that Copperhead Lodge and Resort in Georgia, United States, has adopted its Cloud Hotel Property Management System (Hotel PMS) to automate and streamline daily operations and drive growth while keeping software ownership costs under control.
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.
In STAAH, the Indian hospitality group found a sophisticated system to help manage room types and yield rules, and boost direct revenue by 30%. Achieving goals with STAAH’s superior solution With multiple room types across properties spread across the world, agility in operation and optimisation is essential.
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?
Running a hotel today involves managing a complex network of systems from reservations, sales operations, communication channels , marketing tools, and distribution. But when these parts dont talk to each other, the result is a fragmented operation that drains productivity and inflates costs. Whats hotel integration?
Pacifica Hotels has appointed hospitality veteran Scott Roby as president to oversee all portfolio assets and operations moving forward. Prior to that, he was a cofounder and SVP, operations for Evolution Hospitality, a lifestyle hotel operator.
.” A 25-plus-year hospitality veteran, Callahan previously held VP, revenuemanagement positions with Atrium Hospitality and JQH Hotels. At the latter, she was responsible for developing a multi-branded revenuemanagement platform.
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.
Radisson Hotel Group Chief Development Officer, APAC, Ramzy Fenianos, reveals the thinking behind its major partnership with La Vie Hotels and Resorts, and discusses key development trends in the region. This trend is likely to stay as independent owners continue to navigate operating in the post-pandemic era.
What is revenuemanagement software? Revenuemanagement 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.
Stonebridge added Jim Sega as senior vice president of operations. Sega will be lead and develop Stonebridge’s hotel management, sales, marketing, and revenuemanagement teams and grow the company’s management platform through new management agreements, mergers and acquisitions, and hotel acquisitions.
IHG Hotels & Resorts has named HotelKey’ s technology platform as its first approved cloud-based property management system (PMS) solution for limited-service brands in the U.S. HotelKey’s solution provides hotel owners and operators with turnkey property management, according to the company.
Olympia Hospitality has appointed Kristie Rasheed VP, operations. With a career spanning more than two decades in the hospitality industry, she brings an understanding and expertise in hospitality operations, revenue optimization, strategic marketing and anchored by dynamic team leadership, according to the company.
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.
Ovolo Hotels restructures marketing operations Ovolo Hotels has announced a new marketing and communications structure that will see a number of leadership changes across the region. 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
This illumination is facilitated with hotel market segmentation, a key component of a viable hotel revenue-management strategy. Through this exercise, operators learn whether its millennials or Baby Boomers booking their rooms, and if theyre doing so to facilitate business or leisure travel.
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.
Silavadee Pool Spa Resort Samui, a renowned 5-star establishment with over 14 years of operation, is nestled on the tranquil Lamai Beach in Surat Thani, Koh Samui. The resort boasts a mesmerising setting, characterised by magnificent rocks and boulders, offering direct views of the beach and ocean from its well-appointed rooms.
A hotel commercial strategy is a coordinated business approach that integrates sales, marketing, revenuemanagement and distribution efforts to maximise total hotel revenue. Hotel businesses can succeed in this ever-changing landscape by reshaping how they operate.
Hotel Equities is known for its superior performance in branded, select- and full-service assets, and Springboard Hospitality is a leader in managing independent, lifestyle, and resort properties. The combined company will operate a broad portfolio of properties across the U.S.,
Ten years on from the establishment of La Vie Hotels and Resorts in Singapore, the independent hotel management company is going from strength to strength. Jerry Xu, La Vie Hotels and Resorts “We went to other management companies to learn what they do and how they do it,” La Vie Hotels and Resorts CEO, Jerry Xu, told HM. “We
Wyndham Hotels and Resorts has celebrated five years as a publicly traded, pure-play hotel company, this week (Jun 5), with the anniversary creating a significant buzz at the 45th Annual NYU International Hospitality Industry Investment Conference in New York.
The all-too-common assumption among many hoteliers is that limited-service hotels don’t benefit from revenuemanagement technology and practices when compared to full-service and resort hotels. Despite this, the user base for this technology among select-service operators continues to increase dramatically.
This transformation has fortified our superior revenuemanagement and IT systems, giving us a unique competitive edge. Owners will also have access to our comprehensive support in revenuemanagement, sales, and marketing, enabling them to thrive in every aspect of their business—from driving bookings to efficiently managingoperations.
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