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AI is especially prevalent in revenuemanagement, as automation continues to be at the forefront of hotel operations. Revenue Analytics recently launched the N2Pricing Commercial Suite, which expanded its revenuemanagement system and updated how hoteliers extract insights from data.
With all the changes impacting hoteliers so quickly—the need for hotels to do more with less, continuing pressures on margins, the rapid rise of AI—it’s time for new paradigm in revenuemanagement, one rooted in scientific rigor, data integration and interdisciplinary collaboration.
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
Skift Take: Lighthouse, the travel startup formerly known as OTA Insight, has bought Berlin-based HQ revenue. The deal marks another step in Lighthouse's strategy of expanding through talent acquisition rather than merely accumulating customer lists. Sean O'Neill Read the Complete Story On Skift
Skift Take: Faye wants to make travel insurance more accessible, and more startups are raising money to digitize hotel operations. Justin Dawes Read the Complete Story On Skift
China outbound travel is returning, technology is innovating at a rapid rate, and hoteliers have more opportunities to revenuemanage beyond room rates. But ‘normal’ hotels such as standard four-star business hotels face a lot of pressure, especially if the destination isn’t great and corporate travel slows down.
Skift Take: Airline revenuemanagement is undergoing a significant transformation powered by AI and machine learning. By forecasting demand and offering personalized pricing, the PROS Willingness-to-Pay (WTP) model can help airlines enhance both revenue and customer satisfaction. PROS Read the Complete Story On Skift
The annual Duetto RevenueManagement Trends & Predictions Survey results are in! The 2023 results showed that hoteliers were hopeful of the return of business travel and group business, and mindful of short booking windows. are currently using a revenuemanagement system (RMS), up from 82.3%
Now, the old rules don't apply when it comes to gauging travel demand. Skift Take: The airline business was already difficult enough. Dennis Schaal Read the Complete Story On Skift
Jon Siberry will be leading the commercial function as Director of RevenueManagement overseeing the revenue strategy at both the group and unit levels of the 14 property portfolio. With a need to manage demand to optimise profitability across the city properties, Z Hotels sets a bar for delivering quality at affordable rates.
Like many other areas in travel and hospitality, revenuemanagement has dramatically changed in the last two years. We spoke to leading revenuemanagers on what they think lies ahead. These guests look to travel to bucket-list destinations and stay longer (who knows when the next virus will hit?!).
The challenge is that demand for overnight accommodation varies with the reason to travel to the destination. The demand will be next to nothing if there are no travel reasons. Hotel revenuemanagers call these fluctuations seasonal and day-of-the-week demand variations.
From irregular demand patterns to changing distribution mix and a depleted talent, here’s a roundup of challenges faced by revenuemanagers from India right now. The STAAH team went out to leading revenuemanagers from India to understand what are the biggest challenges they are facing. Lack of skilled staff.
If there’s a sudden change, for example, an influx of last-minute bookings hits the system, the platform can enable revenuemanagers to adjust room rates dynamically to maximize revenue. Why it’s important for hotels? Why it’s important for hotels? DI helps hoteliers get more granular with their segmentation.
In industries like hospitality, travel, retail, and SaaS, where margins are tight and competition is fierce, even a minor revenue gap can impact long-term growth. Small pricing errors, missed invoices, contract non-compliance, and inefficient discounting can add up to significant financial losses over time.
Properties across the groups network within its brands Marsden Hotels & Resorts, Ramada by Wyndham, Wyndham Garden, and Microtel by Wyndham have completed the roll-out of the STAAH channel manager, booking engine and global distribution systems (GDS).
The tech will then transform hotel revenuemanagement. Skift Take: Most talk about generative AI is bombastic. Yes, today's tech has accuracy and security issues. But that will be resolved within a few years. Sean O'Neill Read the Complete Story On Skift
Skift Take: Turbulence hits Tata Group at a time when its airline has ambitious plans to modernize fleet, operational systems and revenuemanagement, and has lined up a record order for 470 aircraft. Amrita Ghosh Read the Complete Story On Skift
But luckily, there is a solution: Single-solution platforms that consolidate all essential hotel management tools into one complete system. Gone are the days of dealing with multiple systems for reservations, revenuemanagement, and guest engagement. Scalability: Easily adapt to the needs of a growing property or hotel chain.
While traditionally defined by location, brand, and amenities, todays compsets are increasingly segmented by booking behaviors and traveler demographics. The second era of compsets started when the internet brought online travel agencies (OTAs) and online bookings, making competition more dynamic.
IDeaS, a SAS company, a provider of hotel revenuemanagement software and services, has released its annual trends report, 5 Predictions That Will Shape Hospitality in 2025. Focusing on personalized, curated experiences will be key to enhancing the guest experience.
The hotel attracts both leisure and business travellers with facilities including a swimming pool, aviary, fun bike, indoor playground, spa, sauna, steam, meeting rooms and an on-site restaurant. We look forward to a continued partnered approach in your business through advanced distribution, booking and revenuemanagement capabilities.
From leading revenuemanagement at high-end hotels to transitioning into the innovative world of travel technology, Prayoga continues to push the boundaries of his career with STAAH. He appreciates the chance to continue working in the realm of revenuemanagement and sales, but in a dynamic and progressive environment.
APAC RevenueManagement Summit 2023 – “Unstoppable” May 23 and 24 Are you looking to take your revenuemanagement skills to new heights? Look no further than the APAC RevenueManagement Summit , the must-attend conference for hospitality and tourism operators.
Resolute Road Hospitality announced the addition of Andrea Pace-Mickley as senior corporate revenuemanager. In her new role, Pace-Mickley will lead the company’s revenue and commercial strategy. As part of the Sage Investments team, Li will support new business growth.
Widely regarded as the benchmark of industry excellence, the World Travel Awards recognise and celebrate the very best across all sectors of the global travel and tourism industry. We are deeply grateful to the World Travel Awards for this recognition and to our loyal partners and guests for their continued support.”
A year ago, Accentureâs Consumer Pulse Survey found that travelers felt booking a hotel was harder than buying a car and that choosing a flight was almost as hard as choosing a mortgage. Gen AI provides an opportunity for the travel industry to reimagine the discovery and purchasing process for travelers. Travelers are 1.3x
The data, comparing bookings at the same properties across nine markets 30 days before Easter in both 2024 and 2025, reveals stronger demand and travelers securing their accommodation earlier and increasingly looking beyond their home countries. This shift is occurring alongside changes in traveler origins. in 2025, compared to 87.21
During the Marriott International-ICMS Hotel Management Development Program, students can undertake a paid work placement at a different hotel each year, giving them the opportunity to travel interstate and work across a diverse range of brands.
The eBook is a must-read for hoteliers looking to redefine their guest acquisition and revenuemanagement strategy as guest demands and travel behaviours rapidly evolve.
AI, robotics, and automation are no longer futuristic conceptsthey’re active components in the way hotels, restaurants, and travel companies operate and engage with guests. Travel: Smarter Journeys and Seamless Experiences In the travel sector, AI enhances everything from booking to airport navigation.
Skift Take: Young travelers are flocking to cruise ships, and Royal Caribbean is cashing in by creating private ports and islands as new attractions. Sean O'Neill Read the Complete Story On Skift
It offers a comfortable and convenient stay for both business and leisure travellers. Understanding and maintaining rate parity is crucial for hoteliers as it influences pricing strategies , revenuemanagement , and the potential profitability of the business.
Taking place from August 12-13, 2025, at Te Pae Convention Centre, Christchurch, AHICE Aotearoa will once again bring together the region’s top hospitality executives with leaders from Accor, EVT, TFE Hotels, Travel and Leisure Co, Hilton, Panache Hotel Group, Radisson Hotel Group, Sudima Hotels, Wyndham, and many more, registered to attend.
Use revenue tech to your advantage Revenuemanagement systems (RMSs) have evolved to provide smarter segmentation and demand forecasting to tighten levels of granularity. For example, targeting people looking for a local getaway during shoulder seasons or offering special deals to business travelers for repeat bookings.
Enter AI-Powered RevenueManagement: eZee Mint AI Final Encore Some hoteliers hit the jackpot, while others? The difference wasnt luck; it was the lack of a well-planned revenuemanagement strategy. The answer was simple: A smart revenuemanagement system. The Hoteliers Blunder: Who Missed the Mark?
The travel and hospitality sector, in particular, has recalibrated its outlook for the year, with some global hotel brands lowering their RevPAR guidance as they navigate the current climate with a mix of caution and quiet confidence. And that was a direct impact of the Canadian traveller.”
The setup process for STAAH channel manager was smooth and the support team made onboarding straightforward and hassle-free. Rate changes, availability updates and promotions can be pushed instantly across all channels from a single dashboard, eliminating manual errors and reducing admin workload.
Vivatel Kuala Lumpur , strategically nestled in the vibrant heart of the city, offers a seamless blend of convenience and comfort for travellers. Its dynamic pricing and other revenuemanagement configurations, including stop-sell limits, promo codes, etc.
Skift Take: Travelers worldwide want to purchase and manage ground transport tickets digitally, same as they typically can for flights and hotels. The industry is finally starting to respond. Justin Dawes Read the Complete Story On Skift
Crestline Hotels & Resorts, LLC announced the appointment of Leah McFarland as senior vice president of revenue strategy. McFarland joins the Crestline team from MCR Hotels where she was vice president of revenuemanagement and […] The post This Week’s Comings & Goings appeared first on LODGING Magazine.
billion travelers in 2024 , up 11% from the year before, hotels have a golden opportunity to tap into soaring demand and boost direct bookings. The Layer is carefully crafted to enhance the allure for local travelers seeking a luxury escape close to home. Suppliers Research Podcast Careers Events All Insights Podcasts eLearning Tech.Ex
MINNEAPOLIS March 2025 IDeaS, a SAS company and the worlds leading provider of hospitality revenuemanagement software, today announces the launch of its cutting-edge API data integration developer portal. About IDeaS IDeaS, a SAS company, is the worlds leading revenuemanagement software and services provider.
Over the next decade, I imagine that AI will have a significant impact on personalising guest experiences, while streamlining operations, and enhancing revenuemanagement. I believe we will continue to see a rise in boutique and lifestyle hotels as travellers seek unique, authentic experiences that offer local cultural immersion.
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