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Occupancy vs ADR, the Never Ending Discussion in Revenue Management

Hospitality Net

Since the early days revenue management has been applied in hotels, there has been an intriguing ongoing discussion. What drives more value to the business, ADR, average daily rate, or occupancy?

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The connection between RMSs and human revenue managers

Hospitality Net

For some hoteliers, a Revenue Management System (RMS) seems like the ticket to higher occupancy and room rates. 1) Rule-based RMS: this type can be used by anyone without experience in revenue management as it trivializes the discipline, so this one doesn’t r. Get the software, input some data and away you go.

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Key Takeaways from Virtual Roundtable for Senior Revenue Management Executives

Hospitality Net

In a virtual roundtable discussion hosted by HSMAI Europe on Thursday last week, senior revenue management executives gathered to delve into the evolving landscape of Creating a Total Revenue Management (TRM) Culture in the hospitality sector.

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Hotel Revenue Management System

Are Morch

Hotel and resort businesses become more profitable when they earn more revenue regularly. You can do the same for your hotel by setting the right revenue management strategies. This is where you need […] The post Hotel Revenue Management System appeared first on Are Morch, Digital Transformation Coach.

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Visual Matrix and Duetto Integration Elevates Hotel Revenue Management

Hospitality Net

In a significant advancement for the hospitality technology sector, Visual Matrix is proud to announce its integration with Duetto and its flagship revenue management products: GameChanger, ScoreBoard, and BlockBuster.

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ARMA Endorses Intellisoftwares Hotel RevBoost AI-Driven Revenue Management System

Hospitality Net

In a significant development, the Australian Revenue Management Association (ARMA) - a major peak body representing revenue and yield management in the hospitality and tourism industry - has officially endorsed Intellisoftware Pty Ltd’s AI-driven Revenue Management System (RMS) Hotel RevBoost as part of a broader strategic partnership with the company. (..)

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Playing the Same Game: How Revenue Managers and Sales Are Joining Forces

Lodging

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.