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As a leader in revenuemanagement consulting , were always at the forefront of what is happening in the hotel industry and keeping a close eye on how revenuemanagement trends keep evolving. While questions like What are the top trends in revenuemanagement for 2025?
Think revenuemanagement is just for the big hotel chains or that it’s all about jacking up prices? Believe me when I say, as the COO of a revenuemanagement consulting firm, that at least one of the below misconceptions is draining your hotel’s profits faster than a leaky faucet. Quite the opposite.
But while these platforms drive bookings, they can also cause unintended revenue loss — not because the platforms are flawed, but because of avoidable mistakes in how hotels manage them. It’s one of the highest-ROI investments a hotel can make. How to fix it: Hire a professional photographer. The good news?
Revenue Analytics has launched the N2Pricing Commercial Suite, an expansion of its RMS designed to improve how hotels track performance, gain insights and enable strategic planning. Extended-Stay Rate Management addresses a gap for properties serving long-stay guests.
While occupancy is still a core metric, relying on it too heavily can leave your property management business vulnerable to seasonal swings, economic uncertainty, and a volatile demand environment. Ancillary revenue to the rescue! This post will show you how to convert those opportunities into revenue. The good news?
But while these platforms drive bookings, they can also cause unintended revenue loss — not because the platforms are flawed, but because of avoidable mistakes in how hotels manage them. It’s one of the highest-ROI investments a hotel can make. How to fix it: Hire a professional photographer. The good news?
Periods of high demanddriven by holidays, festivals, or local eventscan strain resources, impact guest satisfaction, and complicate revenue and maintenance management. Inventory Management: Adjust inventory levels and maintenance cycles to meet expected occupancy, reducing wear and reactive fixes.
This issue is compounded by siloed teams: marketing has its own budget, and revenuemanagers typically control OTAs, leading to a lack of collaboration. Even if you doubled your investment in direct bookings, you would still achieve a better ROI. So why do many hotels target a single-digit cost, like 8%?
This enables marketing teams to recoup revenue lost from cart abandonment and increase direct bookings. In this article, well explore how retargeting ads work, why theyre an essential part of your propertys digital strategy, and how to run successful campaigns that maximize revenue. This extends the ROI of all your channels.
Setting measurable objectives, such as higher guest satisfaction scores or improved ROI from marketing campaigns, will guide your decision-making process and help you evaluate success later. Consider questions like: What do you want to improve with a CDP? What limitations in your current setup need to be addressed?
Tools like smart dashboards and AI-powered messaging flows aren’t just simplifying operations—they’re increasing revenue and guest satisfaction by acting on real-time insights. Its purpose is not only to report what happened, but to reveal trends, inefficiencies, and revenue opportunities that would be difficult to detect manually.
Tools like smart dashboards and AI-powered messaging flows aren’t just simplifying operations—they’re increasing revenue and guest satisfaction by acting on real-time insights. Its purpose is not only to report what happened, but to reveal trends, inefficiencies, and revenue opportunities that would be difficult to detect manually.
Voice Reservation Agents: Enhancing Availability and Efficiency Despite the digitalization of hotel booking engines , voice reservations remain a critical part of hotel revenue generationparticularly for last-minute, complex, or high-value bookings. However, maintaining round-the-clock human staffing is cost-prohibitive for many operations.
In Booth #908 at the Indiana Convention Center, June 17 to 19, the audiovisual partners will show that with the right operational structure and support, in-house AV programs can deliver measurable ROI while strengthening guest loyalty. Pop-up and add-on rentals are captured and tracked, increasing ancillary revenue without adding headcount.
With a robust infrastructure that includes its proprietary Hotel Sales Max and Hotel Rev Max platforms, Dellisart offers a unique combination of operational support, sales expertise, and revenuemanagement.
He will also play an intricate part in the development side for overall successes, representing Corporate, Owner’s, Sales, Operations, RevenueManagement and F&B at respective properties. Receive daily leadership insights and stay ahead of the competition.
These models often lack the context and transparency revenuemanagers need to understand pricing decisions. This eliminates the need for an external media player, saving on additional expense and energy, for maximum ROI.
If your hotel isn’t easy to find or doesn’t make a great first impression because of poorly optimized listings or outdated marketing strategy can lead to missed bookings and lost revenue. This means you can stay ahead of the competition while maximizing revenue.
This collaboration enables hotels using Infor HMS to drive incremental revenue and elevate guest personalization by seamlessly integrating Plusgradeâs proven upsell technology into the core guest journey. âTogether, weâre bringing ancillary revenue into the digital core of hotel operations â where it belongs.
Stay Package Entitlement New Dynamic ) , a technology breakthrough that increases ancillary revenue and guest personalization by simplifying how hotels sell and fulfill packages. Lets Guests Reserve Package Entitlements With Zero Staff Involvement Agilysys Inc. announced the launch of Agilysys Book with S.P.E.N.D.
Stay Package Entitlement New Dynamic ) , a technology breakthrough that increases ancillary revenue and guest personalization by simplifying how hotels sell and fulfill packages. âMany venues assume that having the AV equipment installed means theyâre ready,â said Eric Bracht, Managing Director at AVaStar.
The RMS simplifies revenuemanagement by tracking real-time pick-up trends, monitoring competitor rates and receiving data-backed price recommendations for the next 365 days â all automatically updated across all online distribution channels. By adopting Lybra Assistant, hotels can save up to 1,000 hours of manual work per year.
All devices are connected to Anacoveâs AI-powered cloud system, which treats the hotel as a unified ecosystemâ delivering automated reports and actionable insights that show clear ROI and support smarter operations. âBut without clear operational oversight, hotels risk lost revenue, inefficiencies, and guest dissatisfaction.
With a 2024 report showing that email marketing has an average ROI of 4200%, its clear this tool is here to stay. Our Cloud-based Property Management System (PMS) simplifies daily tasks, while our RevenueManagement System (RMS) maximizes profitability by optimizing pricing. Because people still check their emails.
This collaboration aims to also enhance the aparthotel group’s direct revenue ratio through improved distribution and visibility. BlackBrick Aparthotels sought comprehensive global representation with advanced technology to drive ROI and margin, preferring this over pure SaaS solutions or distribution resellers.
Stay Package Entitlement New Dynamic ) , a technology breakthrough that increases ancillary revenue and guest personalization by simplifying how hotels sell and fulfill packages. Lets Guests Reserve Package Entitlements With Zero Staff Involvement Agilysys Inc. announced the launch of Agilysys Book with S.P.E.N.D.
Your Tech Stack Isn’t Helping You—It’s Holding You Back Ask any GM or revenue leader what tools they use to run the business, and you’ll hear it: CRMs. Channel managers. And it’s quietly costing you bookings, revenue, and time you don’t have. And it’s quietly costing you bookings, revenue, and time you don’t have.
Heres what owners and developers are also looking for: Ranking the top two factors owners and developers look for when choosing which brand to join, support from industry experts tops the list (including marketing, revenuemanagement and operational expertise), followed by access to executive leadership.
Intelligent hotels are embracing AI-based communication tools at a breakneck pace, not only to wow technology-aware travelers but also to automate operations, increase revenue , and establish long-term guest loyalty. Hotels with a strong digital strategy get 36% of their online booking revenue from direct channels.
MINNEAPOLIS—IDeaS announced the launch of Automated Configuration for its G3 revenuemanagement system (RMS), decreasing the initial configuration of G3 from weeks to as short as one day, depending on client needs and requirements.
What is hotel ROI? Hotel ROI means return on investment, which evaluates how much money you are getting out compared to what you put in. The aim is to generate a positive ROI, which you can then use to grow and improve the business or take out as profit. To succeed overall, you can’t afford too many areas to be falling behind.
IDeaS , a SAS company, has released the report “ Unlocking Hotel Performance: The Power of RevenueManagement 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.
All reasons why employing a dynamic revenuemanagement strategy is critical to maximizing revenue and retaining owners during this extremely competitive environment. Can you maintain an effective revenuemanagement strategy without software? This is the science behind revenuemanagement.
What is revenuemanagement software? Revenuemanagement software is a digital tool designed for the hospitality industry to optimise room rates based on predicted demand. It uses data analytics to forecast hotel room demand, allowing hoteliers to adjust prices accordingly to maximise revenue.
As a leader in revenuemanagement consulting , we’re always at the forefront of what is happening in the hotel industry ─ and keeping a close eye on how revenuemanagement trends keep evolving. While questions like “What are the top trends in revenuemanagement for 2024?”
As a leader in revenuemanagement consulting , we’re always at the forefront of what is happening in the hotel industry ─ and keeping a close eye on how revenuemanagement trends keep evolving. While questions like “What are the top trends in revenuemanagement for 2024?”
Revenue leadership at Frasers Hospitality Pte Ltd believes that technology spend will increase in 2024, with tech infrastructure, cybersecurity, integration, and AI solutions being at the top of the priority list, according to Sheran Loh, Vice President, RevenueManagement (Corporate), Frasers Hospitality.
Optimizing Revenue per Available Room (RevPAR) is one of the key focuses of most hoteliers. Navigating the complex world of revenuemanagement requires innovative solutions. While dedicated revenuemanagement software is a component of this process, all of your technology must work together to increase your bottom line.
Question for Our RevenueManagement Expert Panel: What are the advantages of participating in special OTA deals? What advice can you offer to maximise your ROI? Are there any pitfalls to avoid?
We focus on sustainable growth that maximises value and ROI for our partners. This transformation has fortified our superior revenuemanagement and IT systems, giving us a unique competitive edge. This gives us a competitive edge and drives more revenue for our properties. Our focus extends beyond just revenue generation.
Driving revenue in a unique but fragmented industry Hospitality is a distinct and unique industry; guests go on a journey from pre-arrival to post-checkout, and hotels are made up of complex components including food and beverage (F&B), spa and wellness, and activities and experiences.
It serves as a financial blueprint, detailing various revenue streams such as room bookings, food and beverage sales, and ancillary services. This should include room occupancy rates, average daily rates (ADR), revenue per available room (RevPAR), and customer acquisition costs. Why is a hotel budget important?
On the business side, we talk about PMS, revenuemanagement software and marketing automation. Every piece of your tech stack must deliver a positive ROI to your bottom line—that’s a given. This can be as important to your bottom line as technology that impacts costs or revenue streams. The best tech can do all three.
Hotel management and development company First Hospitality has introduced First Analytics, a suite of forward-looking analytics and reporting. Previously holding the title of VP, revenue analytics, He led the revenuemanagement teams and strategies for First Hospitality’s full-service hotels.
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