Hospitality Net

APRIL 19, 2024

With 40% of Americans saying they plan to travel even more in 20241, there is a massive opportunity for hotel owners and operators to drive even more revenue by leveraging ancillary offerings. By now, you’re likely familiar with the concept of ancillary revenue in the hotel industry — it’s not just about selling products.

Ancillary Revenue 202

Ancillary Revenue Revenue Travel Operations 202

Hospitality Net

MAY 15, 2024

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 I was, quite literally, the first revenue manager at InterContinental Hotels Group (IHG).”

Revenue Management 226

Revenue Management Revenue Management Hospitality 226

Hospitality Net

FEBRUARY 20, 2024

The latest data from Fourth, the leader in workforce and inventory management technology for the hospitality and retail industries, has revealed a much-needed improvement in festive trading across the sector in Q4 2023, with net sales revenue growth of +6.1% compared to the same period in 2022.

Sales 174

Sales Retail Hospitality Operations 174

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 220

Revenue Management Revenue Management Scale 220

Hospitality Net

FEBRUARY 8, 2024

The HSMAI Americas Professional and Educator of the Year Awards recognize and promote excellence in the fields of sales, marketing, and revenue optimization in hotels.

Revenue 237

Revenue Market Marketing Sales 237

Hospitality Net

DECEMBER 12, 2023

As of year-end 2022, the average hotel in CBRE’s Trends® in the Hotel Industry survey sample had surpassed its 2018 total revenue figure by 1.5%. The improvement was largely due to continued improvement in average daily rate and revenue from other sources. One of these ancillary revenue sources was spa services.

Average Daily Rate 235

Average Daily Rate Ancillary Revenue Revenue Hotels 235

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 (..)

Revenue Management 228

Revenue Management Yield Management Revenue Management 228

Hospitality Net

FEBRUARY 21, 2024

Lodging Interactive, an award-winning digital marketing, reputation management, and social media engagement agency exclusively serving the hospitality industry since 2001, in a groundbreaking move, is proud to announce the launch of Commingle360, an evolutionary service designed to transform social media engagement into direct hotel bookings and revenue. (..)

Revenue 211

Revenue Digital Marketing Hotels Services 211

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.

Revenue Management 213

Revenue Management Revenue Management Hotels 213

Hospitality Net

APRIL 24, 2024

Imagine if your revenue team fully understood this. In a recent conversation I had with an asset manager who was underwriting a hotel in the metro Atlanta area, it was determined that for each incremental 50k of profit achieved, the hotel asset value went up approximately 600k.

Revenue 242

Revenue Management Hotels 242

Hotel Management

FEBRUARY 22, 2024

Global hospitality company Accor achieved a record result in 2023 with earnings reaching over €1 billion for the first time in its history. Accor’s net profit group share increased by 57% to €633 million. in the last 12 months.

Occupancy 264

Occupancy Pipeline Revenue Branding 264

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 180

Revenue 180

Hospitality Net

MARCH 4, 2024

Despite its fast pace, the hospitality industry has a reputation for resisting change when updating platforms and processes. Many hotels continue to rely on outdated legacy systems that may have served them well in the past but now pose serious limitations on their revenue potential.

Revenue 237

Revenue Hospitality Hotels 237

Hospitality Net

JANUARY 11, 2024

On the eve of the new year, we asked six industry Revenue Optimization experts for their thoughts on the coming year. You can read their interesting comments about 2024 below.

Revenue 213

Revenue 213

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.

Revenue Management 167

Revenue Management Revenue Management 167

Hospitality Net

FEBRUARY 28, 2024

So, how can big (and little) technology companies continue to grow and be profitable in the hospitality technology space? Enter the ever-increasing Payment-based Software as a Service and Inter-Vendor Integration Revenue Sharing trends. So, how did this all evolve?

Revenue 215

Revenue Consumer Services Sales 215

Hospitality Net

FEBRUARY 27, 2024

Cloudbeds, a leading provider of hospitality management software, and IDeaS, the world’s leading provider of hospitality revenue management software and services, today announced a strategic technology partnership that brings together the expertise of two industry powerhouses to deliver cutting-edge revenue solutions for accommodations providers worldwide. (..)

Hospitality Management 237

Hospitality Management Revenue Management Hospitality 237

Hospitality Net

JANUARY 21, 2024

Stephanie Smith from Cogwheel Marketing & Analytics and Trevor Grant from Revenue Hub joined together for a discussion, where they explore how hotel sales and marketing can seem disconnected when looking at how to drive topline revenue.

Hotel Sales 191

Hotel Sales Revenue Sales Market 191

Hospitality Net

MAY 1, 2024

In the most recent episode of the Disruption Interruption Podcast, host Karla Jo Helms and Russ Stanziale, Chief Sales and Growth Officer of IDeaS Revenue Solutions, discuss the future of revenue management in hospitality, highlighting the transformative impact of emerging technologies and the importance of authentic communication.

Revenue 143

Revenue Forecasting Revenue Management Travel 143

Hospitality Net

AUGUST 18, 2023

With hotels focused on increasing revenue per available room (RevPAR), food and beverage (F&B) revenue is often an overlooked source of financial opportunity for properties.

Revenue 180

Revenue Hotels 180

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 210

Revenue Management Revenue Management Travel 210

Hospitality Net

MAY 16, 2023

Magnuson Hotels is pleased to announce the promotion of Adnan Malik to the position of Chief Revenue Officer (CRO). In his new role, Malik will oversee the company’s revenue management strategy and drive initiatives to enhance revenue growth across the organization.

Revenue 290

Revenue Revenue Management Hotels Management 290

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).

Revenue 224

Revenue Market Share OTA Hotels 224

Hospitality Net

DECEMBER 10, 2023

Are you struggling with outdated hotel management methods that leave guests unimpressed and revenue stagnant? If so, it’s time to explore the tech tools that can help you stay ahead of the curve.

Revenue 239

Revenue Hotels Management 239

Hospitality Net

MARCH 26, 2024

IRIS, a global leader in digital ordering for the hospitality industry, today announces a suite of new features which are now available across its mobile ordering platform.

Upsell 208

Upsell Revenue Operations Hospitality 208

Hospitality Net

JANUARY 25, 2024

Personalization is not just about personalized pricing; it’s a revenue driver and powerful conversion tool for all commercial strategy disciplines that is capable of increasing revenues by up to 40%. I brought this topic to HSMAI’s Revenue Optimization Advisory Board for discussion.

Revenue 130

Revenue 130

Hospitality Net

APRIL 5, 2024

The Hospitality Sales and Marketing Association International (HSMAI) is proud to introduce the 2024 Rising Sales, Marketing, and Revenue Optimization Leader Councils.

Revenue 172

Revenue Sales Market Marketing 172

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.

Revenue 195

Revenue Revenue Management Hotels Hospitality 195

Hospitality Net

JANUARY 30, 2024

Hotels are projected to pay a record amount of wages and generate a record level of tax revenue in 2024, according to the American Hotel & Lodging Association’s 2024 State of the Hotel Industry report.

Revenue 243

Revenue 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.

Revenue Management 175

Revenue Management Revenue Management Hospitality 175

Hospitality Net

FEBRUARY 22, 2024

Common hotel revenue sinkers include selling inventory too soon and too low - spillage - or not selling enough during high demand, leaving you with last-minute discounts. Discover how to avoid them and grow your revenue. Spillage, spoilage, and overbooking can destroy your bottom line.

Revenue Management 179

Revenue Management Revenue Overbooking Management 179

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.

Revenue Management 245

Revenue Management Revenue Management Hotels 245

Hospitality Net

MAY 16, 2023

A strong first quarter to start the year left hotel companies broadly optimistic as executives made widespread increases to full-year 2023 revenue per available room projections.

Revenue 219

Revenue Hotels 219

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.

Revenue Management 223

Revenue Management Revenue Management Hotels 223

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.

Revenue Management 181

Revenue Management Revenue Management Market Share 181

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 229

Revenue Management Revenue Resorts Management 229

Hospitality Net

FEBRUARY 28, 2024

During the Cayuga Hospitality Consultants Annual Conference 2023 in Dallas, a panel discussion was hosted around “Evolving Technology and Revenue Strategy”.

Revenue 159

Revenue Hospitality 159