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Fraser is confident Choice Hotels Asia-Pac’s suite of services will help drive scale and profitability for the business. RevenueManagement, in particular, has gone from strength to strength, with strategic channel evaluation and optimised pricing generating more returns for our hotel,” she said.
Revenuemanagement (RM) is supremely necessary for hotels. I kid you not, most of the hotels refrain from opting for any sort of revenuemanagement services. The hotel revenuemanagement myths that are swirling around are the real reasons hotels are so skeptical about it. Who is to blame for it?
The business shared the announcement exclusively to HM during the 14th Asia Pacific Hotel Industry Conference and Exhibition (AHICE), which is taking place at the Adelaide Oval on May 3-4. Radisson Hotel Group (RHG) has signed an agreement with La Vie Hotels and Resorts to add over 30 hotels to the Group’s portfolio over the next decade.
In this guide, we’ll take a closer look at hotel tech stacks, and find out how to build and scale yours. Do thorough research to ensure a solution does what you need it to, will integrate seamlessly, is capable of scaling with your business, and doesn’t lock you in. Table of contents How is a hotel tech stack interconnected?
Hoteliers need to employ smart strategies to optimize revenue and profitability. One of the most powerful tools in their arsenal is a robust RevenueManagement Solution (RMS). Look for a solution that is scalable and flexible enough to accommodate the evolving needs of your business.
This collaboration underscores New Zealands growing influence in technology-driven service industries and its capability to support large-scale hospitality businesses worldwide. Accompanying him was a delegation of over 80 officials and business leaders, highlighting New Zealands expanding role in Indias fast-growing digital economy.
Managing bookings across multiple channels has become a core part of running a successful hospitality business. From hotels and vacation rentals to holiday apartments, properties of all types rely on channel managers to simplify operations. Choosing the best channel manager isn't just about convenience.
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. This portal is a leap forward, enabling seamless integrations that drive tangible business results.
Holiday Inn Sydney Airport recently rebranded to a Crowne Plaza under Trilogy management Tony Ryan: I was working in London prior to Covid selling branded management companies and was then approached by some third-party management companies looking to expand into Europe and the UK.
Dallas, USA – 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. It can literally cost us millions.
As a result, hotel operators need to be innovative and agile in operating and provide owners with the best possible solution to maximise revenue and efficiencies. At Radisson Hotel Group, we understand the need to continue to provide flexible and innovative business models that meet the needs of owners and developers.
Whether you are new to the industry or catching up with the fast evolution, this blog will introduce you to the responsibilities of revenuemanagers and how they can succeed in 2022. What is a revenuemanager? A revenuemanager is responsible for pricing hotel inventory (rooms) to maximise profit.
San Francisco, CA – June 27, 2024 – Duetto (“Duetto” or the “Company”), a leading provider of revenuemanagement software for the hospitality industry, today announced that it has been acquired by GrowthCurve Capital (“GrowthCurve”). GrowthCurve is acquiring the business from affiliates of Warburg Pincus and other shareholders.
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.
Confidence in future success In a constantly evolving landscape, Heather believes effective revenuemanagement will involve AI in some form and is prepared for it. “AI AI has already started to benefit our revenuemanagement through suggested rate optimizations and trend forecasting.
By empowering general managers, focusing on performance management and leveraging our scale, we ensure operational excellence and drive sustainable growth for our stakeholders. At Aimbridge, our focus on our owners as our primary customers defines our approach to hospitality, said Craig S. Smith, CEO, Aimbridge Hospitality.
Designed specifically to help your hotel business boost performance, grow as a brand, and deliver amazing experiences for your guests; SiteMinder’s series features some of the best minds in the industry. In this edition we spoke to Markus Seemann, founder of 9seemeilen Hospitality, about all things hotel revenuemanagement.
This partnership highlights the expanding global reach of New Zealands technology-driven service industry, reinforcing its capability to support large-scale hospitality businesses worldwide. Prime Minister Luxons visit to India aims to strengthen business and economic collaborations between the two nations.
For 2025, the scale is even grander. Here’s what to focus on: Cloud-Based Property Management Systems (PMS) : Implement a system to manage bookings, payments, and guest preferences effortlessly. Dynamic Pricing: Use revenuemanagement tools to adjust pricing based on demand while offering competitive deals.
IDeaS , a SAS company, has introduced G3 RMS Portfolio Navigator for multi-property revenuemanagement automation. “The addition of Portfolio Navigator to our flagship product, G3 RMS, is a game changer for multi-property revenuemanagement. .
London —June 20 2024— IDeaS , a SAS company and provider of hospitality revenuemanagement software and services, today announced that it has integrated with the Oracle Hospitality Integration Platform (OHIP). About IDeaS IDeaS, a SAS company, is the world’s leading revenuemanagement software and services provider.
The Evolution of Hotel RevenueManagement In its early stages, hotel revenuemanagement was a game of numbers – it was all about filling rooms and adjusting prices based on demand. As the industry evolved, so did the concept of revenuemanagement. Revenuemanagement software is a prime example.
Krister Svennson, Marriott International Exclusive Q&A: meet Marriott’s new VP of luxury hotels in Australia At W Melbourne, Svensson will lead the team in reinvigorating the hotel as it prepares for a resurgence in business and leisure travel. “I She offers extensive knowledge of design processes, construction and hotel standards.
Originally published on Hospitality Net By Michael Yeomans, Senior Vice President, Business Intelligence & Data Solutions Amadeus In the ever-evolving hospitality industry, the use of business intelligence is becoming increasingly important. But the big question is – how willing are they to invest in new technology?
Other businesses he has worked or consulted for include Catch, ThoughtWorks, LonelyPlanet, Insignia, ANZ, National Australia Bank, Cbus Super, and Sensis & Ericsson. As their Chief Technology and Data Officer, Tom was responsible for providing the technology and data platforms underpinning REAs products, services and operations.
Tip for Hoteliers: Look for a cloud-based PMS that allows real-time updates, offers mobile access, and can easily scale as your business grows. Channel ManagerManaging multiple distribution channels, from Online Travel Agents (OTAs) to direct bookings, can be complex without the right tools.
In hospitality, brand acquisition and partnerships are driven by factors such as the hotels’ desire for rapid and significant growth or the capital markets’ rewards for delivering at scale. They don’t integrate their systems with other brands; it’s just business as usual.
Today, with 24 brands spanning every chain scale, the Company offers a hotel for every owner and guest,” he said. Wyndham has also Simplified its business to nearly 100% franchised, selling the Company’s two owned hotels while substantially exiting the U.S. hotel managementbusiness.
According to new Demand360 ® business intelligence data from travel technology leader Amadeus , global hotel occupancy levels up to the end of August 2023 have been an average of 10% ahead of 2022. Destinations and cities with large-scale events on the horizon are also seeing traction.
Hotel management company EOS Hospitality has appointed Nicole Di Maio-Kennedy as VP, revenue maximization. In this role, she will spearhead the company’s revenuemanagement strategies, driving profitability and market share growth across EOS’ portfolio.
The brand will be focused on the Americas region before scaling globally. Designed to be flexible for both new-build and conversion environments, the Hyatt Select brand offers an opportunity for owners to optimize existing assets while minimizing upfront capital investments.
How do you think about driving financial performance in your business? When you have 30 rooms, the schedule has to reflect how busy you are. Our managers regularly adjust their schedules to ensure we are appropriately staffed when busy or slow. They really gain an understanding of what it takes to run a small business.
What is a booking management system? A booking management system is a tool that enables a business such as a hotel to easily manage reservations, revenue, and guest experiences. In this article, well tell you everything you need to know about booking management systems and how they work for your hotel.
GrowthCurve Capital has acquired Duetto, a provider of revenuemanagement software for the hospitality industry. GrowthCurve is acquiring the business from affiliates of Warburg Pincus and other shareholders. Duetto offers innovative solutions that simplify hotel operations and optimize revenue, according to the company.
The first-of-its-kind offering – which has seen its network of current and prospective women hotel owners climb to more than 550 – leverages Wyndham’s scale and influence to break down the unique barriers women face on the path to hotel ownership according to Wyndham Hotels and Resorts’ VP of Strategic Franchise Initiatives, Galen Barrett.
San Diego, CA Cloudbeds , the innovative leader in hospitality management technology, and Duetto , the industrys leading revenuemanagement software provider, announced a strategic partnership to empower hoteliers with advanced tools for optimizing revenue and operational efficiency.
Marriott is the first brand company to have a direct integration with Groups360 to offer the “Instant Book” functionality for both guestrooms and meeting space at scale on GroupSync Marketplace, according to the company, providing planners with a streamlined booking process at the click of a button.
The reservation system acts as the central hub of the reservation ecosystem, which may also include a website booking engine, channel manager, and revenuemanagement system. When integrated, these modules work together to help hotels manage room availability, distribution, reservations, and revenue. Guestcentric.
Club Quarters Hotels , a hotel brand and management company, has appointed Joseph Turano as COO. Two others have joined the executive team: Shawn Usami as VP, revenuemanagement, and Kendall Viola as VP, marketing. “We Turano has more than 25 years of management experience.
It allows accommodation providers to forecast revenue performance and take targeted action whenever needed, using their personalized 14-day overview of rooms sold, revenue earned and best-performing distribution channels. These are capabilities that have traditionally felt too complex and large-scale to execute, even on desktop.
US: Cloud-based hospitality business intelligence platform OTA Insight has announced the appointment of Vivek Bhogaraju as its chief operating officer (COO). As COO, Bhogaraju will spearhead strategic planning, internal operations, M&A, partnerships, and help to scale the company’s acquired businesses.
US: Cloud-based hospitality business intelligence platform OTA Insight has announced the appointment of Vivek Bhogaraju as its chief operating officer (COO). As COO, Bhogaraju will spearhead strategic planning, internal operations, M&A, partnerships, and help to scale the company’s acquired businesses.
Accor has chosen IDeaS as its global revenuemanagement software (RMS) provider for its global brand portfolio of more than 5,600 hotels in more than 110 countries. The developed solution with IDeaS serves our unique, extensive and diverse brand portfolio and global footprint.”
“We’ve learned that when Hyatt guests stay with a competing brand, they appear to do so for one of two reasons: the absence of a Hyatt hotel within five miles or the choice to stay at a lower chain scale. The experience of working with Hyatt is unparalleled,” said Guneet Bajwa, president/CEO, Presidio Hotel Development LLC.
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