8 Tips on how to date a Revenue Manager
Hospitality Net
JULY 10, 2024
Dating a revenue manager is a unique experience that comes with its own set of challenges and rewards, much like optimizing a hotel’s pricing strategy.
Revenue Management Related Topics 
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The connection between RMSs and human revenue managers
Hospitality Net
MAY 28, 2024
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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The Great Equalizer: Why Revenue Management Tech Is Now a Must-Have for Boutique Hotels
Lodging
JUNE 18, 2024
Fair or not, the idea that advanced revenue management 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.
Key Takeaways from Virtual Roundtable for Senior Revenue Management Executives
Hospitality Net
MAY 3, 2024
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.
Visual Matrix and Duetto Integration Elevates Hotel Revenue Management
Hospitality Net
APRIL 23, 2024
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.
Occupancy vs ADR, the Never Ending Discussion in Revenue Management
Hospitality Net
JUNE 6, 2024
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?
HITEC Rewind: Klaus Kohlmayr of IDeaS on Revenue Management and AI Integration
Hospitality Net
JULY 22, 2024
They delved into the evolving landscape of revenue management, the shift to cloud-based solutions, and the transformative role of AI in the hospitality industry. At HITEC 2024, Simone Puorto interviewed Klaus Kohlmayr, Chief Evangelist and Development Officer at IDeaS.
Hotel Revenue Management System
Are Morch
MAY 3, 2024
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.
New Hospitality Metrics for Revenue Managers
Hotel Management
JULY 2, 2024
No need to obsess over RevPAR or lose sleep over ADR – there are much more important metrics out there for revenue managers. Revenue management is not a walk in the park. The latest guide by Mews, the industry-leading hospitality cloud, explores the new success metrics for revenue managers.
ARMA Endorses Intellisoftwares Hotel RevBoost AI-Driven Revenue Management System
Hospitality Net
MAY 2, 2024
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. (..)
Playing the Same Game: How Revenue Managers and Sales Are Joining Forces
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.
IDeaS Unveils Portfolio Navigator for Multi-Property Revenue Management Automation
Hospitality Net
MARCH 5, 2024
Messe Berlin) IDeaS, a SAS company, the world’s leading provider of hospitality revenue management software and services, announced today the release of G3 RMS Portfolio Navigator, the next innovation in multi-property revenue management. ITB Booth #110 Hall 8.1
Revenue Management in Real Life: The Art of Saying No
Hospitality Net
JUNE 19, 2024
As a seasoned revenue manager and a parent, I’ve come to realize that the principles of revenue management aren’t confined to the boardroom or the hotel lobby—they extend right into our living rooms.
How Cognitive Biases Impact Hotel Revenue Management
Hospitality Net
JUNE 17, 2024
Understanding these biases and their effects on revenue strategies is crucial for hotel managers who want to maximize their revenue. This article looks at the different cognitive biases that can affect revenue managers and offers tips on how to reduce their impact.
Accor Selects IDeaS as Global Revenue Management Software Provider
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.
Thinking Through Revenue Management to Achieve Value
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.
Extended-Stay Hotels Can Benefit From Revenue Management Insights
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.
A history lesson in revenue management and the top challenge facing today’s hotels
Hospitality Net
APRIL 26, 2024
With every passing year, revenue management is playing a more central role at hotels as they navigate a landscape now locked in a permanent state of change.
How Revenue Management System are Transforming Hotels and Resorts
Are Morch
MAY 3, 2024
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.
Next Up for Revenue Managers: Tackling Ancillary Outlets
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.
The Blame Game: When Marketing Blames Revenue Management and Vice Versa
Hospitality Net
JUNE 13, 2024
Meanwhile, the revenue management team is diligently fine-tuning pricing strategies to optimize profits. That is until occupancy rates falter or revenues don’t meet expectations, then the fingers begin to point. Picture this: Marketing campaigns are in full swing, beautifully crafted, and meticulously executed to entice guests.
AI and Human Input: Hospitality Leader Andrew Rubinacci’s Shares His Recipe for Revenue Management Success
Hospitality Net
MAY 15, 2024
I was, quite literally, the first revenue manager at InterContinental Hotels Group (IHG).” When I asked Andrew Rubinacci to describe the early days of his illustrious hospitality career, his answer was one you might not expect—“I was a guinea pig,” he’ll say with a smile. “I
Intellisoftware Join Forces with the Australian Revenue Management Association (ARMA) in Major Strategic Partnership
Hospitality Net
APRIL 4, 2024
Intellisoftware Pty Ltd, a leading Australian start-up in the Artificial Intelligence (AI) space has today unveiled a new wide-ranging strategic partnership with the Australian Revenue Management Association (ARMA) - a peak industry body active in the hospitality and tourism sectors focused on elevating the standards of revenue and yield management (..)
Should Revenue Management be involved in Reputation Management?
Hospitality Net
MARCH 15, 2024
We know that reputation management is important, but how involved should revenue managers be in that process? I brought this topic to the leaders of the HSMAI Revenue Optimization Advisory Board to discuss our role in reputation management. Below are our top five takeaways.
EHL Graduate School Announces Half-Day Course on Revenue Management Strategy
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.
Special Report Highlights Hotel Investor Attitudes, Opportunities for Revenue Management Technology
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.
RMS Cloud and Atomize Join Forces to Revolutionise Hotel Revenue Management
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.
IDeaS Powers Park Plaza Hotels Europe’s Revenue Management
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.
Why Hotels of All Sizes Are Embracing Outsourced Revenue Management
Hospitality Net
JANUARY 7, 2024
In the hospitality industry, achieving optimal revenue performance used to be the domain of larger, full-service hotels, with smaller and select-service hotels often left to navigate revenue management independently.
How hoteliers are using AI for Revenue Management
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.
Hospitality revenue management: 10 ways to boost hotel income in 2024
Hospitality Net
FEBRUARY 8, 2024
However, by leveraging strategic hospitality revenue management, hotels can navigate these hurdles and even drive revenue growth in the coming year.
SalesAndCatering.com and Lodgiq™ Announce Partnership to Deliver Market-Leading AI Revenue Management for Group Sales
Hospitality Net
JUNE 18, 2024
SalesAndCatering.com and LodgIQ™ today announced a new strategic partnership to integrate LodgIQ’s revolutionary artificial intelligence (AI) revenue management technology into SalesAndCatering’s award-winning group and event management platform, STS Cloud.
The significance of considering competitive hotel rates in revenue management: An economic perspective
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.
Brittain Resorts & Hotels Deepens Investment in Revenue Management Technology with SiteMinder
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.
Summerstar Tourist Parks Automate Revenue Management Processes Across Fourteen Properties in Australia with IDeaS
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.
Orchestrating Success With Key Trends in Hotel Revenue Management for 2024
Hospitality Net
JULY 14, 2024
The CBRE Global Hotel Asset Management team pinpoints four industry trends that revenue managers should track for a 2024 that garners applause.
5 Challenges cluster revenue managers face and how to overcome them
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.
These 3 Common Revenue Management Myths Can Hurt Your Bottom Line
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.
Southwest Cuts Financial Outlook, Blames Revenue Management ‘Complexities’
Skift Blog
JUNE 26, 2024
Skift Take: Southwest's cut in revenue guidance for the current quarter comes just three weeks after a vocal activist investor called for big changes at the airline. Gordon Smith Read the Complete Story On Skift
The New Era of F&B Revenue Management
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.
The Club of Revenue Management by Radisson Hotel Group expands its global reach and extends its services to Sales, M&E, Voice, and Web optimization
Hospitality Net
APRIL 23, 2024
In 2023, The Club of Revenue Management by Radisson Hotel Group (“The Club”) achieved remarkable milestones, making it a year of unparalleled success.
Adagio Selects IDeaS G3 RMS for AI-Driven Revenue Management
Hospitality Net
JUNE 27, 2024
Adagio, the European leader of aparthotels, announced today the decision to deploy IDeaS G3 revenue management system across its portfolio of properties. This sophisticated, automated system has been specifically adapted to maximize revenue while meeting the operational priorities of medium- and long-stay hotel residences.
Accor and IDeaS Announce a Global Revenue Management Partnership Across Accor’s Portfolio
Hospitality Net
FEBRUARY 28, 2024
IDeaS, the leading provider of hospitality revenue optimization software and services, and Accor, a world leading hospitality group with one of the industry’s most diverse hospitality ecosystems encompassing more than 45 hotel brands from luxury to economy, have announced, following a rigorous selection process, that Accor has chosen IDeaS as its global (..)
Welcome to Hotel Revenue Management 2.0
Hospitality Net
DECEMBER 14, 2023
Throughout the last century, the role of hotel revenue managers revolved around one goal: optimizing room inventory to maximize profitability. While the core objective remains, modern tech solutions have propelled revenue management beyond traditional boundaries. Welcome to hotel revenue management 2.0.
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