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5 Tips to Building a Casino Revenue Management Strategy

Hotel Speak

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.

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AI’s Impact And Use Cases In The Hotel Industry

Hotel Speak

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.

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Duetto unveils new look

Hotel Business

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.”

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Benefits of Yield Management in the Hotel Industry

Inn Quest

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.

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EBITDAR explained: Driving financial health for hotels

Cloudbeds

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.

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Hospitality sectors: What are they?

SiteMinder

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.

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What is a SWOT analysis of a Hotel?

Catala Consulting

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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