STAAH

APRIL 23, 2024

As technology continues to evolve, so do the strategies and innovations within revenue management. Let’s delve into some of the key trends shaping the future of revenue management in the hotel industry: 1.

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Hotel Speak

FEBRUARY 28, 2024

China outbound travel is returning, technology is innovating at a rapid rate, and hoteliers have more opportunities to revenue manage beyond room rates. Therefore, in addition to watching costs, hotels need to re-evaluate their wholesale and tour operator contracts. As such, the focus must be on profitability.

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STAAH

APRIL 9, 2024

All employees are revenue management ambassadors for their organisations. Everyone contributes to the revenue success of a business in both direct and non-direct ways. Surprisingly, the value of operational excellence on commercial performance is often not talked about enough.

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Hotel Speak

FEBRUARY 1, 2024

The annual Duetto Revenue Management Trends & Predictions Survey results are in! There was also continued investment in technology, This year, we take a closer look at how that group business might be revenue optimized, as well as identify the channel management tactics hotels are planning to invest effort in for 2024.

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STAAH

APRIL 2, 2024

Effective revenue management provides hoteliers with a clear roadmap for pricing and optimisation, while acting as a gauge to measure success. What is a Revenue Management Solution for Hotels? What is a Revenue Management Solution for Hotels? How Do They Work? How Do They Work?

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Xotels

APRIL 3, 2024

XOTELS – Revenue Management eBook In the first chapter of this eBook, we will go over the definition of what is revenue management in the hotel and hospitality industry. Everything will be explained from the fundamentals of revenue management to more advanced practices and strategies.

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Hospitality Net

AUGUST 27, 2023

With casinos now in almost every state in the US, knowledge about gambling operations, loyalty programs, and marketing tactics is increasingly prevalent. Gaming operators have long expanded into other hospitality industries and, recently, online.

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eZee Absolute

DECEMBER 7, 2023

Revenue management (RM) is supremely necessary for hotels. I kid you not, most of the hotels refrain from opting for any sort of revenue management services. The hotel revenue management myths that are swirling around are the real reasons hotels are so skeptical about it. Who is to blame for it?

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Hospitality Tech

OCTOBER 3, 2023

Automated revenue management solution will provide restaurants with the tools they need to optimize their operations and fill more seats, more often.

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Demand Calendar

MARCH 19, 2024

Full-service hotels have various revenue-generating opportunities, such as food and beverage operations, spa services, and event hosting. By neglecting these areas, hotels limit their potential for growth and profitability and fail to use the full scope of revenue management practices available to them.

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Demand Calendar

DECEMBER 7, 2023

The shift to guest-centric revenue management presents challenges and opportunities, particularly for revenue managers who have long operated within the frameworks of traditional methodologies. It's about evolving from a numbers-focused viewpoint to one that deeply empathizes with and anticipates guest needs.

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Little Hotelier

FEBRUARY 25, 2024

What is revenue management consulting? Revenue management consulting is specialised expertise that a business can bring in to gain guidance on managing and optimising revenue. An investment in hotel revenue management services is therefore one that can quickly deliver an attributable return.

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Hotel Business

SEPTEMBER 12, 2023

IDeaS , a SAS company, has released the report “ Unlocking Hotel Performance: The Power of Revenue Management Technology Today ,” which includes key insights into how investors view revenue technologies, the role of artificial intelligence in hospitality and how technology is reshaping hospitality commercial organizations.

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Catala Consulting

JANUARY 18, 2024

In the dynamic world of hospitality, the UK market stands out as a beacon of innovation and adaptation, particularly in the realm of hotel revenue management. This article explores the top trends in hotel revenue management, yield management, and revenue management in the UK, offering insights and strategies for hotel professionals.

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Catala Consulting

JULY 30, 2023

In the fiercely competitive hospitality industry, the essence of successful resort revenue management lies in data-driven decision-making. This approach is pivotal in optimizing financial performance and driving both revenue growth and guest satisfaction. Why is Revenue Management Imperative for Resorts?

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STAAH

APRIL 16, 2024

Hoteliers need to employ smart strategies to optimize revenue and profitability. One of the most powerful tools in their arsenal is a robust Revenue Management Solution (RMS). In the ever-evolving hospitality industry, staying competitive demands more than just offering great accommodations and service.

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Revenue Management Revenue Management Forecasting 78

Webrezpro

MAY 18, 2023

Hotel revenue management is a complicated process with a simple goal: to maximize revenue. It’s about analyzing demand and honing what you offer to sell the right product to the right customer at the right time, on the right channel, for the right price to grow profit.

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Hotel Business

SEPTEMBER 15, 2023

Eister There are many myths about revenue management, but there are five we hear most often. Myth #1: Revenue management is only essential when business is booming. Revenue management is a fundamental part of business, especially in such a dynamic industry as hospitality. By Craig V.

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Catala Consulting

JANUARY 8, 2024

Introduction Revenue Management Systems (RMS) are the cornerstone of modern hospitality and travel industries. The Beginnings: 1970s and 1980s Origin in Airlines : The concept of Revenue Management originated in the airline industry post-deregulation. They primarily helped in setting room rates and managing reservations.

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Revenue Management Revenue Management Forecasting 52

TravelNet

JUNE 22, 2023

All reasons why employing a dynamic revenue management strategy is critical to maximizing revenue and retaining owners during this extremely competitive environment. Can you maintain an effective revenue management strategy without software? This is the science behind revenue management.

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Catala Consulting

NOVEMBER 18, 2023

This approach is not only about earning more but also about spending wisely, optimizing operations, and innovating services to enhance the overall financial performance of the hotel. As the industry evolved, so did the concept of revenue management. One critical area is cost optimization.

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Revenue Management Revenue Management Hotels 52

SiteMinder

OCTOBER 26, 2023

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.

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STAAH

OCTOBER 25, 2022

From irregular demand patterns to changing distribution mix and a depleted talent, here’s a roundup of challenges faced by revenue managers from India right now. The STAAH team went out to leading revenue managers from India to understand what are the biggest challenges they are facing. Forecasting and budgeting.

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Revenue Management Revenue Management Forecasting 71

eZee Absolute

AUGUST 29, 2023

But the one thing that is always constant is the day-to-day operations that define your guest experience. With countless operations starting from housekeeping to revenue management, hoteliering is a hectic task and the essence of perfection is often lost. This is where hotel improvement ideas come in. Let’s jump right in.

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Lodging

FEBRUARY 27, 2024

SAN DIEGO and MINNEAPOLIS—Cloudbeds and IDeaS announced a strategic technology partnership that ties the experience of the two companies together to deliver revenue solutions for accommodations providers worldwide. The collaboration will combine IDeaS’ latest revenue management solution with Cloudbeds’ hospitality management platform.

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SiteMinder

OCTOBER 9, 2022

Whether you are new to the industry or catching up with the fast evolution, this blog will introduce you to the responsibilities of revenue managers and how they can succeed in 2022. What is a revenue manager? A revenue manager is responsible for pricing hotel inventory (rooms) to maximise profit.

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Hospitality Tech

OCTOBER 18, 2023

Vacation hotels struggle to effectively manage their room rates due to the complexity of distribution through tour operators.

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Demand Calendar

AUGUST 24, 2023

The next problem to solve, decades later, when the hotel industry started to grow, was to manage reservations. In the 1960s, it was possible to create the first computer-based PMS to automate some of the work to increase operational efficiency. The system kept track of transactions, both reservations and financial transactions.

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Inn Quest

APRIL 3, 2023

As the hospitality industry evolves after the pandemic, it’s more important than ever for hotels to streamline their day-to-day operations to improve efficiency, enhance the guest experience, and increase revenue. Here are some ways to streamline operational tasks for your hotel.

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Operations Revenue Management Forecasting Revenue 88

Hospitality Net

AUGUST 17, 2023

Atomize has finalized the 2-way integration with the property management system RMS Cloud which means hotels using RMS Cloud can now sign up with Atomize revenue management software and enjoy the benefits of price automation to increase operational efficiency and improve revenues.

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Lodging

MARCH 28, 2024

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.

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Inn Quest

SEPTEMBER 12, 2023

From the moment a guest walks through the doors until their departure, every aspect of their stay is carefully curated through the lenses of hotel operating systems and the adept oversight of a hotel operations manager. The goal is to provide excellent guest experiences while maximizing revenue and maintaining cost control.

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Hotel Management

MAY 2, 2023

APAC Revenue Management Summit 2023 – “Unstoppable” May 23 and 24 Are you looking to take your revenue management skills to new heights? Look no further than the APAC Revenue Management Summit , the must-attend conference for hospitality and tourism operators.

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Revenue Revenue Management General Manager Forecasting 130

Hospitality Net

MAY 5, 2023

Produced in partnership with Hotel Tech Report, this 2023 Buyer’s Guide assists hotel owners and operators through the research, selection and vetting process when identifying a new technology partner to improve their revenue management, pricing and distribution strategy.

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Skift Blog

JUNE 28, 2023

Skift Take: Turbulence hits Tata Group at a time when its airline has ambitious plans to modernize fleet, operational systems and revenue management, and has lined up a record order for 470 aircraft. Amrita Ghosh Read the Complete Story On Skift

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Lodging

JANUARY 9, 2024

With ownership and operation in the Orlando Airport submarket since 1995, Auro is positioned to leverage its sales and revenue management teams to drive market share and operating efficiency. This property acquisition adds to its base in the Orlando market, bringing the total to eight properties and 1,521 rooms.

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Hospitality Tech

FEBRUARY 27, 2024

Dive into the art of maximizing Gross Operating Profit with data-driven strategies and cutting-edge technology.

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