“Real” revenue management can double or triple high season rates
eHotelier
NOVEMBER 2, 2023
Revenue management may be one of the most misunderstood elements of hotel revenue. Real revenue management is a systematic approach to profitability.
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eHotelier
NOVEMBER 2, 2023
Revenue management may be one of the most misunderstood elements of hotel revenue. Real revenue management is a systematic approach to profitability.
Hotel News Resource
SEPTEMBER 18, 2023
How often have you seen this at your hotel: Sales managers referring to the revenue management team as the sales prevention department because they keep turning away their leads? Front office complaining about how revenue management keeps selling low opaque rates?
Refine
OCTOBER 22, 2023
we were disappointed by the lack The post The Role of Hotel Reception Staff on Revenue Management appeared first on Revfine.com. The Importance of a Positive Hotel Reputation Recently, while browsing some online property reviews, one stood out. ".
Hospitality Tech
SEPTEMBER 27, 2023
Without incorporating group data into sales and revenue management strategies, we can never completely accomplish total revenue management.
Hospitality Net
OCTOBER 16, 2023
Revenue management has a bad reputation in some ways because it focuses on room rates. A new hotel to some is just another place some travelers cannot afford to stay.
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.
eHotelier
FEBRUARY 22, 2023
Here are recommendations to help hotels effectively implement total revenue management using market segmentation strategies to improve their overall performance and maximize their revenue and profitability.
Demand Calendar
OCTOBER 31, 2023
Before redefining revenue management, I would like to acknowledge the expertise and dedication of revenue managers worldwide. This exploration is not a critique but an invitation to a conversation about aligning our strategies with changing customer needs and behaviors.
Hotel News Resource
OCTOBER 4, 2023
It's a complex and ever-evolving field for a revenue manager to navigate, with many channels and tools to keep up-to-date with. Today, Artificial Intelligence is making the job of data analysis much easier in a variety of ways, this article will go into detail about how Revenue Managers can use AI to get ahead of the competition.
Hospitality Net
OCTOBER 9, 2023
EHL Graduate School in Lausanne is excited to announce an exclusive course titled "Achieving Profitable Growth in Hospitality with Revenue Management Strategy" scheduled for Monday, November 13, 2023.
Hospitality Net
OCTOBER 26, 2023
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.
Hotel News Resource
AUGUST 18, 2023
Article - The Importance of Pickup and Pace in Hotel Revenue Management - Discover the significance of pickup and pace in hotel revenue management. Learn how optimizing these factors can boost your hotel's revenue.
Hospitality Net
JUNE 1, 2023
As a large majority of hotels have adopted some sort of dynamic pricing for their rooms, the next evolution of revenue management is moving beyond rooms, and many leaders have adopted total revenue management strategies for a more holistic approach.
Hospitality Net
SEPTEMBER 6, 2023
IDeaS, a SAS, company, the world’s leading provider of hotel revenue management software and services, released a special report in line with industry budget season.
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.
Hotel News Resource
NOVEMBER 30, 2023
Revenue management systems play a critical role in the hospitality industry. Traditionally, these systems attempt to predict future demand from past trends to optimize pricing. That's a reasonable approach. Now, what if I told you it was possible to predict future demand based on current trends?
Hospitality Net
OCTOBER 2, 2023
Hotel revenue management is the process of optimizing revenue by predicting demand and setting prices accordingly, most commonly found in hotels to forecast occupancy in order to maximize their room rate, hotel marketing strategy, and overall property performance.
eHotelier
NOVEMBER 14, 2023
Resolute Road Hospitality, announced today the addition of Andrea Pace-Mickley as Senior Corporate Revenue Manager. In her new role, Pace-Mickley will lead the company's revenue and commercial strategy, overseeing all revenue management, pricing, analytics, forecasting, and channel distribution initiatives.
Hospitality Net
AUGUST 17, 2023
RMS Cloud, a leading provider of cloud-based property management systems, and Atomize, an innovative revenue management platform, are thrilled to announce their strategic integration, ushering in a new era of hotel revenue management.
eHotelier
SEPTEMBER 4, 2023
While there are initial costs associated with implementing a revenue management system, it’s important to recognize the significant potential for increased revenue, cost savings, and competitive advantages that such a system brings.
Hospitality Net
NOVEMBER 30, 2023
Revenue management systems play a critical role in the hospitality industry. Traditionally, these systems attempt to predict future demand from past trends to optimize pricing. That’s a reasonable approach. But as the pandemic taught us, relying on the past to predict the future doesn’t always work - the unexpected still occurs.
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.
Catala Consulting
NOVEMBER 18, 2023
The Evolution of Hotel Revenue Management In its early stages, hotel revenue management was a game of numbers – it was all about filling rooms and adjusting prices based on demand. As the industry evolved, so did the concept of revenue management. Revenue management software is a prime example.
eHotelier
JANUARY 27, 2023
Revenue management isn’t siloed, it needs to look at data across departments and understands the context for those numbers.
Hospitality Net
MAY 31, 2023
IDeaS, a SAS company, the world’s leading provider of hospitality revenue management software and services, has been selected as the preferred RMS provider to Park Plaza Hotels Europe (PPHE Hotel Group) in Europe.
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.
Revinate
JULY 7, 2023
The Hotel Moment podcast — episode 62 In this week’s episode of the Hotel Moment podcast, Karen Stephens, Revinate CRO, and Heidi Cosio, Senior Vice President of Revenue Effectiveness at Aimbridge Hospitality, explore how hoteliers can analyze trends in their revenue performance to craft an effective selling strategy.
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?
Hospitality Net
SEPTEMBER 12, 2023
IDeaS, a SAS company, the world’s leading provider of hotel revenue management software and services, announced today that Summerstar Tourist Parks has adopted the IDeaS’ G3 Revenue Management System (RMS) across fourteen of its Australian-based caravan and holiday park sites.
Hospitality Net
AUGUST 24, 2023
In the ever-evolving hospitality industry, revenue management plays a crucial role in maximizing profitability and ensuring sustainable growth for hotels.
eHotelier
AUGUST 2, 2023
Revenue management can sell a 3-star hotel room for 1000 euros a night: here’s how - Insights There’s no limit to the rack rate if the demand is there. Revenue managers use data to predict market rates, not feelings.
Hospitality Net
AUGUST 21, 2023
You’ve probably noticed it, too – the increased trend towards clustering revenue management positions. Done right, it can help you manage costs, increase efficiency and boost revenue. But it comes with its own set of challenges which are mainly related to time constraints and access to high-quality, accurate data.
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.
eHotelier
NOVEMBER 29, 2022
Each level of a hotel’s ownership and management has different needs from an RMS, it is important to understand their revenue management ‘wants’ and hear from them in their own words.
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.
Hotel Speak
AUGUST 9, 2023
In the dynamic landscape of the hospitality industry, effective hotel revenue management stands as a cornerstone for optimizing profits. Understanding the Essence Hotel revenue management is a strategic process encompassing the precise pricing of hotel rooms to unlock their full revenue potential.
Hospitality Net
JULY 5, 2023
Many hoteliers misunderstand revenue management. They think it’s all about lower prices when it’s actually about online visibility and brand reputation.
Demand Calendar
JULY 5, 2023
In the realm of revenue management, this problem is particularly acute. Revenue managers are often caught in a balancing act, trying to maximize revenue, manage costs, and ensure customer satisfaction while dealing with the daily pressures of occupancy rates, room pricing, and customer feedback.
Hospitality Today
SEPTEMBER 25, 2023
Setting the right price might be the cornerstone of revenue management, but how you arrive at that decision requires some context
Demand Calendar
JUNE 20, 2023
Hotel revenue managers call these fluctuations seasonal and day-of-the-week demand variations. So if a hotel depends on travel reasons to the destination, which is the role of marketing and revenue management? There is no reason to go to the beach and no demand for overnight accommodation.
Hospitality Net
SEPTEMBER 1, 2023
Many hotels regard revenue management and hotel operations as two separate departments with different responsibilities, objectives and no natural link. In my experience, I’ve seen that collaboration between revenue and housekeeping managers can transform a hotel’s profitability.
eHotelier
SEPTEMBER 24, 2023
IDeaS announced today that Summerstar Tourist Parks has adopted the IDeaS’ G3 Revenue Management System (RMS) across fourteen of its Australian-based caravan and holiday park sites.
eHotelier
SEPTEMBER 8, 2023
IDeaS released a special report “Unlocking Hotel Performance: The Power of Revenue Management Technology Today,” including key insights hotel investors attitudes to revenue technologies, the role of artificial intelligence in hospitality, and how technology is reshaping hospitality commercial organizations.
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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