Lodging

FEBRUARY 28, 2024

Extended-stay hotels, typically known for their resilience and consistent returns, are looking for a way to boost revenue for the first time in years. Competitive indicators show extended-stay properties stand to benefit from advanced revenue management support now more than ever.

Revenue Management 162

Revenue Management Revenue Management Operations 162

Skift Blog

FEBRUARY 13, 2024

Skift Take: As TUI hits records for revenue, the tour operator highlighted its growing use of dynamic packaging and its increasing direct inventory deals with low-cost airlines and hotels. Jesse Chase-Lubitz Read the Complete Story On Skift

Revenue 234

Revenue Operations Hotels Travel 234

Hospitality Net

MARCH 26, 2024

Each one has been developed to positively impact operational efficiency and revenue for operators at the back end, whilst at the same time enhancing the guest experience to encourage orders and loyalty at the front end.

Upsell 240

Upsell Revenue Operations Hospitality 240

Hospitality Net

APRIL 23, 2024

Are you ready to whet your appetite for innovation and digest the latest strategies in F&B Revenue Management? This time, let’s season our discussion with a dash of strategic foresight and a pinch of operational excellence impacting F&B Revenue Management. One of the elements of the 3rd Wave of Revenue Management ™

Revenue Management 100

Revenue Management Revenue Management Operations 100

Lodging

NOVEMBER 29, 2023

Sales and revenue management are two departments that seemingly should be a match made in heaven but often find themselves at odds with differing goals for success.

Revenue Management 290

Revenue Management Revenue Sales Management 290

Hospitality Net

FEBRUARY 19, 2024

your mission extends beyond just providing a place to stay; it’s about crafting memorable experiences ✨, maximizing operational efficiency ⚙️, and driving revenue growth ?. is not just a luxury but a necessity. As a hotel manager ?,

Revenue 228

Revenue Operations Hospitality Management 228

Hospitality Net

FEBRUARY 22, 2024

In the dynamic realm of hospitality, the role of a hotel restaurant extends far beyond just being a convenience for guests; it is a pivotal touchpoint in the guest journey, a significant driver of revenue, and an opportunity for profound engagement with both local and visiting patrons.

Revenue 227

Revenue Hotels Operations Market 227

Lodging

JUNE 19, 2023

Based on our February 2023 Hotel Horizons report, CBRE reports that total hotel revenue for the average U.S. hotel returned to pre-COVID levels in 2022. This occurred even though the average occupancy for U.S. hotels is not expected to exceed 2019 levels until 2026.

Occupancy 289

Occupancy Revenue Operations Hotels 289

Lodging

JUNE 12, 2023

Strong demand, coupled with strong pricing power in an inflationary environment, pushed revenues and profits beyond 2019 levels. By year’s end, total revenue per available room (TRevPAR) reached $202.23, and gross operating profit per available room (GOPPAR) was $73.70

Revenue 278

Revenue Operations Hotels Market 278

Lodging

NOVEMBER 16, 2023

Artificial intelligence (AI) is revolutionizing the hospitality industry by optimizing operations, improving quality and safety, and enhancing the guest experience. AI’s rapid growth can help hospitality brands analyze complex data to make more informed decisions, advance forecasting, increase revenue, and more.

Operations 173

Operations Hospitality Forecasting Revenue 173

Hospitality Net

APRIL 26, 2024

Operating performance indicators (RevPAR and portfolio growth) are all trending positively, and the Group has continued to manage its balance sheet in line with its commitments. The first quarter of 2024 once again demonstrates the strength of hotel demand in all Accor Group regions and segments.

Revenue 240

Revenue Operations Management Hotels 240

Lodging

FEBRUARY 29, 2024

PARIS and MINNEAPOLIS—IDeaS and Accor announced that Accor has chosen IDeaS as its global revenue management software (RMS) provider. Partnering on a suite of IDeaS revenue management solutions, Accor continues to update its commercial strategy for hotels, property owners, and managers.

Revenue Management 162

Revenue Management Revenue Management Hotels 162

Hospitality Net

MARCH 27, 2024

Hotelogix will provide Suba Group of Hotels with a robust and comprehensive platform to automate and streamline processes across member properties while gaining centralized control over group-wide operations to drive growth, revenue, and guest experience.

Operations 130

Operations Revenue Hotels Hospitality 130

Hospitality Net

AUGUST 21, 2023

IRIS, a global market leader in digital F&B ordering, guest directory and concierge solutions for hotels and restaurants, has been chosen by the five-star Sanderson London to boost in-room F&B revenue and streamline operations.

Revenue 234

Revenue Operations Hotels Market 234

Hospitality Net

OCTOBER 9, 2023

Rudding Park, a privately owned luxury spa and golf resort in Harrogate, North Yorkshire, England, has taken great strides to invest in technology and keep pace with new operational challenges. To improve the management of these facilities, improve operational efficiency, and optimize revenue generation, Rudding Park turned to Maestro PMS.

Operations 255

Operations Resorts Events Revenue 255

Hospitality Net

APRIL 20, 2023

To help operators better engage with guests, address labor concerns, and drive revenues, Hotel Communication Network was there to introduce its NEW Navigator 2.0 in-room tablet.

Operations 246

Operations Revenue Resorts Management 246

Hotel Management

APRIL 2, 2024

The Ascott Limited achieved its highest ever room revenue from members of its global loyalty platform, Ascott Star Rewards (ASR), last year at over S$342 million, surpassing that of FY 2022 by almost 63%. The post Ascott reports room revenue from loyalty members soared 63% last year appeared first on Hotel Management.

Revenue 130

Revenue Pipeline Accommodation Branding 130

Hospitality Net

SEPTEMBER 26, 2023

With hotel profitability becoming more of a challenge, upselling provides the potential to generate additional revenue from every booking. But not all upsell revenue is the same.

Upsell 234

Upsell Revenue Operations Hospitality 234

Hospitality Net

APRIL 17, 2024

Organizations are able to harness the power of data to gain a deeper understanding of their operations, customer behaviors, and market trends, unlocking competitive advantages.

Revenue Management 246

Revenue Management Revenue Management Operations 246

Lodging

NOVEMBER 2, 2023

What’s important to contemplate is the role natural language can and will have on enterprise-level technology solutions, and how they can […] The post How AI and LLMs Will Shape Future Hotel Revenue Strategies appeared first on LODGING Magazine.

Revenue 263

Revenue Sales Hotels Revenue Management 263

Hospitality Net

JUNE 12, 2023

One Hundred Shoreditch, part of the international hotel group The Lore Group, has reported significant growth in F&B revenue and operational efficiencies since introducing IRIS’s F&B ordering platform to manage online orders and payments.

Revenue 222

Revenue Operations Management Hotels 222

Lodging

MAY 8, 2023

The incentive fees are designed to make management more conscious of the bottom line since owners achieve their returns and pay their debts from profits, not revenue. Incentive management fees are earned by the operator once a designated profit threshold is achieved.

Operations 246

Operations Management Revenue Hotels 246

Hospitality Net

APRIL 18, 2024

Robots are currently being used in many different forms to make company and organizational operations more efficient. Many fear this may take jobs of hard workers while others think it will make jobs easier for the workforce, as well as increase revenue. This has been a popular topic amongst the industry.

Operations 100

Operations Hospitality Revenue 100

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.

Revenue 130

Revenue Revenue Management General Manager Forecasting 130

STAAH

APRIL 23, 2024

In today’s fast-paced hospitality landscape, staying ahead of the curve is paramount for maximizing revenue potential. As technology continues to evolve, so do the strategies and innovations within revenue management.

Revenue Management 87

Revenue Management Revenue Ancillary Revenue Management 87

Lodging

APRIL 19, 2024

hotels have increased at a pace greater than total operating revenue. percent of total revenue in 2019 to an estimated 3.3 As hotels have struggled to recover from the pandemic, any rise in cost ratios is an area of concern for owners and operators. Over the past four years, utility costs at U.S. percent in 2023.

Market 290

Market Marketing Revenue Operations 290

Hospitality Net

SEPTEMBER 13, 2023

The HSMAI Revenue Optimization Rising Leaders Council recently discussed this topic and brainstormed our top keys to good data. When a new system is implemented, the best outcome is an integration that allows for a holistic look at the new data available.

Revenue 214

Revenue Operations Management 214

Hospitality Net

JULY 3, 2023

Accurate measurement of performance indicators is essential for effective decision-making in restaurant operations, with revenue and yield management playing a crucial role. Kimes and Chase (1998), Kimes (1999) and Kimes et al. Kimes and Chase (1998), Kimes (1999) and Kimes et al.

Yield Management 177

Yield Management Revenue Management Revenue Management 177

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. Revenue without profit is worth nothing! Therefore, in addition to watching costs, hotels need to re-evaluate their wholesale and tour operator contracts.

Revenue Management 95

Revenue Management Revenue Management Operations 95

Hotel Management

FEBRUARY 13, 2024

Minor Hotels recorded 450% core net profit growth in 2023 compared to the previous year, after reaching a new full-year core revenue record of THB 121.4 Revenue was up 25% on 2022 figures with topline total system sales reaching THB 157 billion (approx. The post Major result for Minor Hotels as group hits record global revenue of US$3.4

Revenue 130

Revenue Average Daily Rate Occupancy Hotels 130

Hospitality Net

JANUARY 25, 2024

PPHE Hotel Group, the international hospitality real estate group which develops, owns and operates hotels and resorts, announces a trading update for the year ended 31 December 2023.

Real Estate 234

Real Estate Revenue Resorts Operations 234

Hospitality Net

MAY 24, 2023

With the arrival of warmer weather and summer fast approaching, hospitality operators are gearing up for another pool season. This year, technology is at the forefront of driving booking revenue and taking operational efficiency to the next level.

Operations 130

Operations Resorts Revenue Branding 130

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.

Revenue Management 52

Revenue Management Revenue Operations Management 52

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.

Revenue Management 97

Revenue Management Revenue Management Forecasting 97

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?

Revenue Management 79

Revenue Management Revenue Management Hotels 79

Demand Calendar

MARCH 19, 2024

The main argument of this blog post is simple but essential: hotels focus too much on room revenue, ignoring other valuable sources of income. Full-service hotels have various revenue-generating opportunities, such as food and beverage operations, spa services, and event hosting.

Revenue Management 70

Revenue Management Revenue Management Events 70