Hotel Speak

NOVEMBER 19, 2024

When it comes to revenue management, casino resorts require a different approach than traditional hotels. Implemented effectively, a solid casino-centric revenue management strategy can help casino managers market their casino to the right audience and price their products to boost bottom-line revenue.

Casinos 76

Casinos Revenue Management Revenue Management 76

Hotel Speak

OCTOBER 19, 2023

The discussion centered on AI’s impact and use cases within hotels and casinos now and in the near future. Kennedy said: “From a revenue management perspective, data accuracy is paramount if AI is to fulfill its promise for hospitality. Gaming and hospitality leaders are viewing AI as promising,” he said.

Revenue 100

Revenue Revenue Management Hotels Casinos 100

Hotel Business

MARCH 6, 2023

Revenue management software (RMS) provider Duetto has unveiled a brand refresh that incorporates the mathematical “greater than” symbol and a new color palette. One that has all the hallmarks of our past and represents our promise to our hotel clients: Duetto delivers greater revenue.”

Casinos 59

Casinos Forecasting Revenue Management Revenue 59

Inn Quest

APRIL 5, 2023

Anyone who has worked in the hospitality industry for a few years would enthusiastically attest to the importance of yield management in hotels, particularly in hotel revenue management. Yield management is a pricing strategy that predicts customer demand and adjusts prices to maximize revenue.

Yield Management 88

Yield Management Management Occupancy Revenue 88

Cloudbeds

JANUARY 22, 2025

This makes it particularly relevant for businesses like hotels (but also restaurants, casinos, or airlines), which often face high rent expenses. EBITDAR formula explained One way to calculate EBITDAR is first to determine earnings by subtracting all expenses from revenue and then adding back five cost categories.

Revenue 40

Revenue Hotels Operations Average Daily Rate 40

SiteMinder

SEPTEMBER 20, 2022

For this reason, many hotel businesses now use a set of market forecasting tools that involve, for example, flight data. Hotels in Las Vegas on the main strip are great examples, with usually more than one F&B outlet, some forming part of an overground train network and almost all of them operating casinos and show venues.

Hospitality 59

Hospitality Accommodation Casinos Operations 59

Catala Consulting

AUGUST 30, 2022

For example, there are luxury hotels, boutique hotels, all-inclusive hotels, casino properties, spas, and lifestyle resorts. You may want to consider the following factors: Revenue and Forecasting report Sales, revenue, and forecasting reports are essential in this industry.

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Hotels Average Daily Rate Business Revenue 52