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.

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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.

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Revenue Management Revenue Management Hotels 246

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.

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Revenue Management Revenue Management Hospitality 235

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.

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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.

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Revenue Management Revenue Management Hotels 244

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.

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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.

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Revenue Management Revenue Management Hotels 243

Hospitality Net

FEBRUARY 8, 2024

Despite signs of recovery in 2023, the hospitality sector’s 2024 outlook is unpredictable. Deloitte’s Hospitality Industry Outlook 2023 identified the hospitality sector’s key challenges for 2024 as a drop in consumer confidence, continuing labor shortages, and the inability of hotels to raise prices despite escalating costs.

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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.

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Revenue Management Revenue Management Hotels 246

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.

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Revenue Management Revenue Management Market Share 189

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.

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Revenue Management Revenue Management Forecasting 186

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.

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Revenue Management Revenue Management Market Share 246

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.

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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.

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Revenue Management Revenue Management Services 239

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.

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Revenue Management Revenue Management 240

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.

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Revenue Management Revenue Management Branding 240

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 (..)

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Revenue Management Revenue Management Services 180

Hospitality Net

JANUARY 8, 2024

Some hoteliers silo revenue management in the “revenue management” department. Instead of recognizing the revenue impact everyone has…including front desk staff. Take early check-ins and late checkouts.

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Revenue Management Revenue Management 162

Hospitality Net

MARCH 5, 2024

Messe Berlin) IDeaS, ein SAS-Unternehmen und der weltweit führende Anbieter von Revenue Management-Software für die Hotellerie, stellt heute sein neuestes Produkt G3 RMS Portfolio Navigator vor - die nächste Innovation im Bereich Multi-Property Revenue Management. ITB Stand 110 Halle 8.1

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Revenue Management Revenue Management Hotels 174

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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Revenue Management Revenue Management Hotels 100

Hospitality Net

MARCH 24, 2024

As a Revenue Manager in the hotel industry, your primary focus is to optimize room revenue, evaluating and acting on performance metrics, and spearheading the commercial direction of your property, or portfolio of properties.

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Revenue Management Revenue Management Business 130

Hospitality Net

MARCH 5, 2024

SiteMinder, the name behind the only software platform that unlocks the full revenue potential of hotels, has today released its industry-leading platform on mobile, to give accommodation providers the power to execute their property’s revenue management strategy and mitigate real-time risks, free from their desk.

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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.

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Revenue Management Revenue Operations Management 189

Hospitality Net

DECEMBER 27, 2023

The scarcity of skilled Revenue Managers in the flourishing hotel industry is indeed a puzzle worth dissecting. Despite a forecasted 10.63% growth in overall demand, the industry grapples with a shortage of adept individuals capable of steering revenue optimization amid this surge.

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Revenue Management Revenue Management Forecasting 184

Hospitality Net

MAY 24, 2023

Cogwheel Marketing’s CEO, Stephanie Smith, and Loren Gray, Founder of Hospitality Digital Marketing, discuss the innovations in revenue management in August 2022.

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Revenue Management Revenue Market Marketing 189

Hospitality Net

MAY 10, 2024

This weekend, I had the privilege of witnessing my daughter, Rafa, compete in her first Showdance competition. At only 10 years old, she and her young team faced off against much older and more experienced teams—some of whom had already claimed German championships.

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Revenue Management Revenue Management 189

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.

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Revenue Management Revenue Management Hospitality 130

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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Hospitality Net

JANUARY 10, 2024

Duetto has won the #1 Revenue Management System (RMS) position in the HotelTechAwards for the third year running, the software-as-a-service company has announced today.

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Revenue Management Revenue Management Services 113

Hospitality Net

APRIL 17, 2024

Never in human history have we had access to as much data as we do today. In recent years, the tools and strategies we use to process and understand insights derived from this data have become one of the hottest commodities – and with good reason.

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Revenue Management Revenue Management Operations 246

Hospitality Net

MAY 2, 2023

To keep on its established trajectory for growth and profitability, President Justin Jabara promotes Heather Sanborn to Corporate Director of Revenue Management effective immediately.

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Revenue Management Revenue Management Hotels 130

Hospitality Net

JUNE 26, 2023

Demand Calendar, designed with a profit-oriented approach, aims to provide hotel businesses with tools for more accurate total revenue forecasting, effective management of customer acquisition cost, and profit optimization. Visit booth #517 to learn more about profit-oriented total revenue management.

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Hospitality Net

APRIL 30, 2024

It takes patience, practice, commercial nous and access to the best data and software available. We hope, that with a good understanding of the topic, the starting point of which is a familiarity with its foremost terms and concepts, you’ll be able to more than exceed 12.5% in your efforts at your hotel.

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Revenue Management Revenue Management Hotels 239

Hospitality Net

DECEMBER 12, 2023

A recent study by Regional Research Reports concluded that in 2022, the global Hotel Revenue Management Systems (RMS) market was valued at millions of USD and was projected to reach multi-millions of USD by 2033. And there are reasons we’re seeing such a rapid rise in demand: Next-generation RMSs.

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Hospitality Net

DECEMBER 6, 2023

FLYR, the AI-powered platform for travel technology, today announced that BWH Hotels Scandinavia, a leading global hospitality network that includes Best Western Hotels & Resorts (BWHR), Worldhotels, and Sure Hotels, has selected FLYR for Hospitality as its preferred Revenue Management System (RMS).

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Hospitality Net

AUGUST 27, 2023

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

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Casinos Revenue Management Revenue Management 173

Hospitality Net

OCTOBER 18, 2023

AI is being embraced by businesses worldwide to optimize their processes and grow revenue, among other things. Practically every day, AI is integrated into a new product or service. And we’re not just talking about virtual assistants and search engines.

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