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 258

Revenue Management Yield Management Revenue Management 258

Hospitality Net

APRIL 10, 2023

HotelRunner, the leading hospitality and travel technologies platform, has launched HotelRunner Elite, an exclusive service designed to add exponential value to independent and chain hotels, helping them overcome the challenges of strategic positioning and yield management.

Yield Management 244

Yield Management Services Travel Management 244

Hotel Management

MARCH 25, 2024

Intellisoftware will also gain a seat on ARMA’s Skills Council to provide input for ARMA’s nationally recognised and accredited VET qualification in revenue and yield management launching this year. Melissa Kalan ARMA CEO, sharing her insights on the partnership stated, “This collaboration marks a significant milestone for us.

Revenue Management 130

Revenue Management Revenue Yield Management Management 130

Hospitality Net

AUGUST 27, 2023

Yield management allows hotels to manage the capacity of their rooms more profitably, and the accuracy of statistical forecasting determines how useful it will be. Even with great revenue management software, determining the accuracy can be tricky when dealing with more detailed forecasts.

Forecasting 188

Forecasting Yield Management Cancellation Revenue Management 188

Hotel News Resource

MARCH 6, 2024

Dynamic Pricing for hotels and resorts is Skyware Hospitality Solutions' name for a Revenue Management Systems (RMS) also called 'Yield Management', Ð a term coined by Robert Crandall, former chairman and CEO of American Airlines in the 1980Õs.

Yield Management 45

Yield Management Revenue Management Hotels Revenue 45

Mews

MAY 17, 2023

Hostel revenue management is all about selling as many rooms and spaces as possible at the highest possible price. To achieve this, the hostel must effectively manage room availability and sell for the best price through the appropriate channels.

Revenue Management 52

Revenue Management Revenue Yield Management Management 52

Catala Consulting

JANUARY 18, 2024

This article explores the top trends in hotel revenue management, yield management, and revenue management in the UK, offering insights and strategies for hotel professionals. Dynamic Pricing: The Heartbeat of Yield Management Dynamic pricing remains at the forefront of yield management strategies.

Revenue Management 52

Revenue Management Revenue Management Market 52

STAAH

MAY 21, 2024

Forecast Accurately: Use forecasting to inform pricing, yield management , and channel management decisions. Enhance Distribution Utilize a channel manager with robust connectivity to broaden your market reach and increase demand, ultimately boosting RevPAR (Revenue Per Available Room).

Occupancy 92

Occupancy Retail Yield Management Forecasting 92

Hotel Speak

APRIL 12, 2023

HotelRunner, the leading hospitality and travel technologies platform, has launched HotelRunner Elite, an exclusive service designed to add exponential value to independent and chain hotels, helping them overcome the challenges of strategic positioning and yield management.

Yield Management 59

Yield Management Accommodation B2B Travel 59

SiteMinder

JANUARY 30, 2023

He also added that SiteMinder’s features allowed for improved yield management , which resulted in an increase of average daily rate (ADR) for the property.

Average Daily Rate 98

Average Daily Rate Global Distribution System Management Sales 98

Horizon Hospitality

JULY 10, 2024

Dynamic pricing, or yield management, involves adjusting room rates in real-time based on supply and demand, with the ultimate goal being to increase the Revenue Per Available Room ( RevPAR ). Striking the right equilibrium requires a keen understanding of market dynamics, customer behavior, and strategic pricing.

Occupancy 52

Occupancy Revenue Yield Management Forecasting 52

Experience Hotel

MAY 30, 2024

Le Yield Management, une stratégie d’optimisation Trouver le juste équilibre entre un produit qualitatif et un prix attractif est essentiel. Le Yield Management est une approche qui peut aider à optimiser les tarifs et la répartition des catégories de chambres pour atteindre vos objectifs financiers.

KPI 52

KPI Yield Management Occupancy OTA 52

SiteMinder

NOVEMBER 7, 2023

Awaroa Lodge (Abel Tasman National Park) and Portage Resort (Marlborough Sounds), two scenic New Zealand properties under the management of Capstone “At Capstone, we focus on service standards, profitability and transparent business accountability.

Scale 105

Scale Management Yield Management Accommodation 105

Xotels

JULY 26, 2024

As someone who spent his fair share of time in the trenches of revenue management, I can tell you it isn’t just some fancy industry jargon; it’s a game-changer, a revenue booster, your ticket to serious profit. What is Yield Management, Really? That’s yield management in action.

Yield Management 52

Yield Management Upsell Revenue Hotels 52

Xotels

APRIL 3, 2024

Start increasing your revenue today by reading our all-in-one ultimate guide on what is revenue management from our expert perspective as a hotel revenue management consulting company. Article Summary: What is the Definition of Revenue Management? Why is Revenue Management Important to Hotels & Other Industries?

Revenue Management 52

Revenue Management Revenue Management Forecasting 52

Xotels

JULY 26, 2024

As someone who spent his fair share of time in the trenches of revenue management, I can tell you it isn’t just some fancy industry jargon; it’s a game-changer, a revenue booster, your ticket to serious profit. What is Yield Management, Really? That’s yield management in action.

Yield Management 52

Yield Management Upsell Hotels Ancillary Revenue 52

Catala Consulting

JANUARY 11, 2023

Another way to manage variable costs is by implementing a yield management system , which helps the hotel to adjust room rates based on demand, thereby increasing revenue and ultimately reducing the cost per occupied room.

Yield Management 52

Yield Management Occupancy Management Hotels 52

SiteMinder

MAY 14, 2023

The management team saw this as a challenge. Ms Atchara stated that during the pandemic, “we were able to increase RevPAR by more than 30% by executing yield management on the platform swiftly and accurately.”

Revenue 97

Revenue Sales Yield Management Occupancy 97

SiteMinder

JULY 10, 2024

We were able to increase RevPAR by more than 30% by executing yield management on the platform swiftly and accurately.” “The system is extremely user-friendly, stable, and simple to understand, as well as has a wide range of capabilities that fully suit the needs of varied tactics.

Hospitality 52

Hospitality Hotels Digital Marketing Revenue 52

eHotelier

JULY 16, 2024

By combining modern technology with an analytical mindset, you can refine your operations, target high-performing markets, and realign your offering with consumer demands to achieve sustained revenue growth.

Revenue 111

Revenue Services Consumer Management 111

SiteMinder

OCTOBER 10, 2023

Learn more Key factors to consider when implementing the cost-based pricing method Implementing cost-based pricing requires a thorough understanding of various factors that could impact the effectiveness of this pricing strategy, as well as a mastery of yield management.

Target Marketing 59

Target Marketing Revenue Yield Management Market 59

eZee Absolute

OCTOBER 11, 2023

This advanced channel manager enabled the resort to efficiently distribute its inventory across multiple OTAs, ensuring maximum exposure. eZee Centrix empowered Sidus Galaxy Resort & Spa to streamline their operations and also ensure they sold rooms at the most competitive rates through intelligent yield management strategies.

Resorts 52

Resorts Management Sales Yield Management 52

Catala Consulting

JULY 30, 2023

Resort revenue management has become an indispensable tool for businesses, fostering strategies that maximize yield and build strong customer relationships. The Cornerstones of Resort Revenue Management Resort revenue management , interchangeably used with yield management, revolves around a strategic pricing approach.

Revenue Management 52

Revenue Management Revenue Resorts Management 52

SiteMinder

NOVEMBER 14, 2023

Use this data to continually refine your communication strategy and improve your yield management methodology. Features of the Hostelworld extranet The Hostelworld extranet is a comprehensive platform packed with features tailored to augment the management capabilities of hoteliers.

Revenue 52

Revenue Management Yield Management Overbooking 52

SiteMinder

DECEMBER 20, 2023

While it is capable of generating predictive analysis, such as yield management reports that forecast demand and guide rate adjustments, some users say that these reports don’t convert well to Excel. The ThinkReservation reporting suite is limited , showing only simple accounting and reservation statistics.

OTA 59

OTA Yield Management Management Business 59

SiteMinder

OCTOBER 9, 2022

The art is to maximise revenue with rate premiums when there is an abundance of demand and also set competitive and sustainable rates in the low season when market demand is more fiercely contested: in short, yield management. Revenue managers continuously solve an ever-changing puzzle, where occupancy and ADR are two key pieces.

Revenue Management 59

Revenue Management Revenue Management Occupancy 59

Xotels

MAY 30, 2024

Since the early days revenue management has been applied in hotels, there has been an intriguing ongoing discussion. I have been in hotel revenue management consulting since 2006, and it is a question that keeps coming back. What drives more value to the business, ADR, average daily rate, or occupancy?

Revenue Management 49

Revenue Management Occupancy Revenue Average Daily Rate 49

Inn Quest

JUNE 8, 2023

To learn about the benefits of yield management in the hotel industry, read this. It helps increase revenue, improve customer satisfaction and create a more personalized and enjoyable stay for guests by suggesting relevant services and amenities tailored to individual guests.

Hospitality 54

Hospitality Upsell Services Operations 54

SiteMinder

JANUARY 10, 2024

We were able to increase RevPAR by more than 30% by executing yield management on the platform swiftly and accurately.” Atchara Nakpoom, Revenue and Reservations Manager Kirimaya Read more

Management 59

Management Hotels Services Business 59

SiteMinder

MAY 21, 2023

Silavadee Pool Spa Resort emphasises that “since implementing SiteMinder, we have experienced a significant increase in online bookings, up to 60%, through effective yield management strategies based on market trends. This has minimised revenue loss from vacant rooms while maximising our occupancy rates.”

Resorts 98

Resorts Overbooking Yield Management OTA 98

SiteMinder

APRIL 25, 2024

The exact genesis of yield management (now revenue management) in the hospitality sector is hotly debated,” says Stuart-Hill. However, Marriott was one of the pioneers in the hospitality industry to develop computer models designed to support revenue decision-making, so it is primarily cited as the first.”

Revenue Management 111

Revenue Management Revenue Management Hotels 111

Cloudbeds

FEBRUARY 28, 2024

Based in the United States, Resnexus is a cloud-based PMS popular with bed & breakfasts and inns that offer a website and booking engine along with guest management, credit card processing, and automatic yield management. Central reservation systems and booking engine Cendyn.

Revenue Management 98

Revenue Management Hotels Operations Revenue 98

Xotels

APRIL 3, 2024

We have written extensively about hotel revenue management strategies and tactics here throughout the years. As strategy is one of the most essential parts of revenue management, we have made a summary of all the top advice from our perspective as a hotel revenue management consulting company.

Revenue Management 76

Revenue Management Revenue Management Ancillary Revenue 76

Hotel Business

JULY 12, 2023

Breaking old habits with new ones Revenue management technology has been around for more than 40 years, but that’s a drop in the bucket for the broader history of travel and hospitality. For as long as rooms have been rented, hoteliers set a single rate for an undefined period and let the bookings roll in.

Revenue Management 52

Revenue Management Services Revenue Management 52

SiteMinder

NOVEMBER 24, 2023

Executing yield management on the platform swiftly and accurately, they experienced a 50% increase in overall bookings. SiteMinder reviews via customer stories: “SiteMinder is so reliable and fast, I am able to make last minute changes, ultimately increasing my occupancy and avoiding overselling.

Revenue 52

Revenue Revenue Management General Manager Management 52

Xotels

AUGUST 9, 2021

We will take a look at how Google is penetrating the hotel distribution vertical with Google Hotel Ads, and what opportunities this gives in terms of hotel revenue management and marketing. Google is taking the hotel industry by storm to gain market share and grow their advertising revenues. From Hotel Finder to GHA.

Hotels 52

Hotels Market Share OTA Cancellation 52

Cloudbeds

JULY 15, 2023

And even then, manually-managed distribution is risky: any delays in updating rates and availability on a channel’s extranet could mean selling a room that isn’t available or selling at a lower rate, which can lead to overbooking and sub-optimal yield management.

Management 76

Management OTA Cancellation Overbooking 76