SiteMinder

NOVEMBER 20, 2023

Through the partnership, Cendyn customers can now gain full access to SiteMinder’s revenue platform to complement the capabilities they receive through Cendyn’s central reservation system (CRS), which for the sixth consecutive year was voted the ‘Best Central Reservations System’ at the 2023 Hotel Tech Awards.

Hotels 106

Hotels Revenue Hospitality Revenue Management 106

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?

Revenue Management 110

Revenue Management Revenue Management Hotel Sales 110

STAAH

DECEMBER 5, 2023

Diversifying your revenue means maximising its full potential and being prepared for the unexpected with a robust earning structure. Along with the many other things Covid taught us, it also taught hoteliers not to solely rely on room revenue as a source of income. Don’t lose sight of core ancillary revenue. for a cost.

Revenue 52

Revenue Ancillary Revenue Hotels Upsell 52

Little Hotelier

OCTOBER 17, 2023

What is hotel revenue? Hotel revenue is the income your business earns from selling rooms or other products and services to guests. While revenue is mostly generated from selling your rooms, you can also collect revenue from your amenities such as a bar, restaurant, gym, or spa.

Hotels 100

Hotels Revenue OTA Ancillary Revenue 100

Demand Calendar

NOVEMBER 28, 2023

The benefits are manifold when marketing, sales, and revenue management align their strategies and objectives. A unified commercial team transcends the limitations of isolated departmental efforts. This alignment ensures a consistent message and strategy across all customer touchpoints, leading to a more cohesive brand experience.

Revenue 69

Revenue Sales Management Market 69

Revinate

SEPTEMBER 21, 2023

This is where hotel data revenue can help. Hotel data revenue is the revenue that’s generated from using the zero-party and first-party data you receive directly from your guests. The post How to use hotel data to drive revenue appeared first on Revinate.

Hotels 105

Hotels Revenue OTA Market Share 105

Hospitality Net

NOVEMBER 20, 2023

Cendyn, a catalyst for digital transformation in the hospitality industry, and SiteMinder, the name behind the only software platform that unlocks the full revenue potential of hotels, are excited to announce a strategic partnership to mutually grow each other’s revenue management capabilities for the benefit of more than 70,000 hotels.

Hotels 97

Hotels Revenue Revenue Management Hospitality 97

Hospitality Net

NOVEMBER 9, 2023

This is where hotel data revenue can help. In the perpetual quest to achieve greater market share, hoteliers constantly seek strategies to help them transcend the competition posed by online travel agencies (OTAs).

Hotels 97

Hotels Revenue OTA Market Share 97

Hospitality Net

AUGUST 15, 2023

Revenue Generation will help Wedgewood Weddings optimize space and profit potential across a portfolio of wedding venues through the development of an analytics platform that helps the end user better understand trends and optimize venue packaging, pricing, and spaces.

Revenue 90

Revenue 90

Webrezpro

NOVEMBER 13, 2023

It’s there to enable you to elevate the guest experience and increase revenue. Your property management system (PMS) isn’t there so that you can spend an afternoon playing with all the cool features, as fun as that may be. One of the ways a PMS does this is through integrations with specialized software, such as […] Source

Revenue 86

Revenue Management Hotels Hospitality 86

Lodging

NOVEMBER 2, 2023

What’s important to contemplate is the role natural language can and will have on enterprise-level technology solutions, and how they can […] The post How AI and LLMs Will Shape Future Hotel Revenue Strategies appeared first on LODGING Magazine.

Hotels 103

Hotels Revenue Sales Revenue Management 103

Hotel News Resource

OCTOBER 4, 2023

With growing operational costs hotels need to get creative about ways to drive more Revenue. Ancillary and other revenue streams are becoming more and more important as the days go on and are moving to be included, if not already, under the revenue optimization umbrella.

Hotels 102

Hotels Revenue Operations Hotel Sales 102

Refine

NOVEMBER 30, 2023

A revenue management strategy is a common practice among hotels. What’s less common is having an ancillary revenue strategy, though. It’s one of the first steps to unlocking a new, powerful revenue stream and improving the hotel’s positioning and branding while enhancing the guest experience.

Ancillary Revenue 52

Ancillary Revenue Revenue Hotels Revenue Management 52

Little Hotelier

NOVEMBER 6, 2023

What is hotel revenue optimisation? As a small, independent hotelier you may have heard the terms hotel revenue optimisation and hotel revenue management. So what is revenue optimisation? Do all that and you’ll optimise your revenue by making as much money as possible from a limited resource: your rooms.

Hotels 59

Hotels Revenue Average Length of Stay Upsell 59

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.

Revenue Management 62

Revenue Management Revenue Sales Management 62

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.

Revenue Management 81

Revenue Management Revenue Management General Manager 81

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.

Revenue Management 122

Revenue Management Revenue Management Market 122

Mews

AUGUST 14, 2023

Looking for ways to maximize your hotel's rooftop revenue? Rooftops are prime real estate, so let's explore how to turn them into an additional revenue stream. From theme parties to pop-up restaurants to live music, rooftops can host a variety of events.

Hotels 98

Hotels Revenue Real Estate Events 98

Mews

NOVEMBER 21, 2023

Off-peak hotel revenue is something most hoteliers lose sleep over. To be profitable, you must either make enough revenue in the high season to compensate for the decrease during the low season or find ways to maximize revenue throughout the year.

Revenue 52

Revenue Hotels Revenue Management Management 52

Hospitality Tech

SEPTEMBER 27, 2023

Without incorporating group data into sales and revenue management strategies, we can never completely accomplish total revenue management.

Revenue Management 105

Revenue Management Revenue Sales Management 105

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.

Revenue Management 96

Revenue Management Revenue Management Hotels 96

Hotel Business

OCTOBER 18, 2023

Q3 data shows that 13 of the top markets have recovered 100% of group revenue, including: Tampa 116.8% Denver 101% Boston 100% Key insights from the 3Q 2023 index Strong ADR drives group recovery – Achieving 103% of 2019 revenues, the group index continues an upward trend, driven by a 12.1% New York City 111.2%

Revenue 122

Revenue Average Daily Rate Hotels Occupancy 122

Lodging

JUNE 12, 2023

As far back as 2010, revenue management guru Sherri Kimes of Cornell University foresaw the rise of total revenue management within the hospitality industry.

Revenue 104

Revenue Revenue Management Hospitality Management 104

Revinate

OCTOBER 13, 2023

The Hotel Moment podcast — episode 69 In this week’s episode of the Hotel Moment podcast, Karen Stephens, Revinate CRO, and Caryl Helsel, Founder and CEO of Dragonfly Strategists, explain how closely monitoring the guest journey helps achieve revenue goals. The post What does it take to create a winning revenue strategy?

Revenue 105

Revenue Hotels Closing Hospitality 105

Skift Blog

SEPTEMBER 14, 2023

Skift Take: Even with reduced capacities, revenues from airline business cabins have surpassed 2019 levels. Its no wonder that airlines executives are hoping for improved corporate travel budgets in 2023, as business cabin yields have continued to improve. Ashab Rizvi Read the Complete Story On Skift

Revenue 120

Revenue Business Travel 120

SiteMinder

NOVEMBER 13, 2023

Sydney, Australia – CLLIX Apartments and Hotels, a leading name in the hospitality industry in Australia, is pleased to announce its collaboration with SiteMinder, the name behind the only software platform that unlocks the full revenue potential of hotels, as the group seeks to maximise strengthening business travel volumes.

Hotels 106

Hotels Travel Revenue Hospitality 106

Hotel Business

NOVEMBER 6, 2023

Duetto has launched Advance, its real-time, dynamic revenue optimization solution. Advance is a set of tools for near real-time rapid response to market changes to capture revenue in an automated way, driving both RevPAR and operational efficiencies,” explained Darren Koch, chief product officer, Duetto.

Revenue 59

Revenue Hotels Forecasting Events 59

Demand Calendar

APRIL 18, 2023

From a hotel general manager's perspective, addressing revenue leakage requires a holistic approach, with the revenue manager playing a key role in delegating tasks and monitoring progress.

Revenue 86

Revenue General Manager Revenue Management Hotels 86

eHotelier

APRIL 10, 2023

Hotels can effectively grow revenue today through applying revenue management strategies to the practice of upselling. By analysing guest data, using dynamic pricing strategies, leveraging pricing psychology, personalizing offers, and providing staff with the right tools and training, hotels can improve overall business performance.

Upsell 119

Upsell Revenue Revenue Management Hotels 119

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.

Revenue Management 98

Revenue Management Resorts Hotels Revenue 98