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Casino hotels comprise only a tiny fraction of hundreds of thousands of hotels across the world. Perhaps due to this limited scope, the industry lacks universal performance metrics, and casino customers might find frustratingly varied booking experiences across different brands.
When it comes to revenuemanagement, casino resorts require a different approach than traditional hotels. Implemented effectively, a solid casino-centric revenuemanagement strategy can help casinomanagers market their casino to the right audience and price their products to boost bottom-line revenue.
Expotel Hospitality announced Bret Chittenden, formerly the firm’s chief operating officer, has become its new president. Crestline Hotels & Resorts, LLC announced the appointment of Leah McFarland as senior vice president of revenue strategy. Chittenden has been part of the company since its inception in 1999.
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”). Duetto offers innovative solutions that simplify hotel operations and optimize revenue.
[New York, 13 August] – Mews , the industry-leading hospitality cloud , and Duetto, a leading provider of revenuemanagement software for the hospitality industry, have now exceeded 600 joint hotel customers, driving revenue growth for hoteliers globally.
LONDON, June 6 2024 – The Access Group , a $1.3bn+ business management software provider, has added global hotel and casino technology specialist SHR to its expanding AI-powered end-to-end platform for hotels. The company already has a strong presence in Europe and APAC.
In this role, he will be responsible for leading the company’s commercial strategies on revenue, distribution and digital marketing to maximize efficiencies, increase profitability and accelerate growth portfolio-wide, according to EOS Hospitality, which currently operates a portfolio of 50 hotels and resorts, totaling more than 7,000 keys.
GrowthCurve Capital has acquired Duetto, a provider of revenuemanagement software for the hospitality industry. Duetto offers innovative solutions that simplify hotel operations and optimize revenue, according to the company. GrowthCurve is acquiring the business from affiliates of Warburg Pincus and other shareholders.
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 revenuemanagement. Yield management enables the adjustment of prices and inventory to meet seasonal demand, resulting in better revenuemanagement in hotels.
The Access Group , a business management software provider, has added global hotel and casino technology specialist SHR to its AI-powered, end-to-end platform for hotels. market and service larger hotel groups, which often have more complex distribution needs than smaller boutique and independent operators. and European hotels.
A hotel central reservation system is a core software platform that manages all reservations for a hotel and provides a centralized repository of the inventory of rooms on sale and their characteristics (e.g., The revenuemanagement system (RMS). room types, maximum occupancy, stay restrictions, etc.), Busy Rooms. Sabre SynXis.
It’s useful for businesses such as hotels, restaurants or casinos that have unique or variable rent costs. It helps analysts understand the ability of the business to generate profits, even after spending huge rent or restructuring costs as a part of its operations. This results in $1 million of EBIT (operating income).
EBITDAR (Earnings Before Interest, Taxes, Depreciation, Amortization, and Restructuring/Rent) is a profit metric that excludes costs not directly related to operational performance. This makes it particularly relevant for businesses like hotels (but also restaurants, casinos, or airlines), which often face high rent expenses.
Harris will manage the 2024 opening of 1 Hotels and Homes Melbourne, followed by the 2026 arrival of Treehouse Adelaide, with both properties representing brand debuts in Australia. Reporting to CEO Tash Tobias, Thompson will be responsible for sales, revenuemanagement and reservations functions of the business.
We used to take out ads in the newspaper and Yellow Pages,” says Edward Keenan, vice-president, Resort Operations for Clique Hotels & Resorts, of early efforts to attract guests. A sprawling resort’s needs may differ from those of a busy casino or a small boutique hotel. Do you need a system that can manage multiple properties?
Finally, travel agencies, tour operators, tourism organisations, travel wholesalers and other travel trade businesses fall into the travel and tourism sector. Revenuemanagement. Property management. Of course people need to eat, bringing in food and beverage under this umbrella, too. Music and comedy acts.
We have yacht clubs, we have charter fishing entrepreneurs, we have casinos, we have cruise line headquarters, we have Expedia, we have everything. But what underlies that is you need some business then because we still need to operate at a profit. Or an agent, what does a casino host do? And you say, okay, that’s for me.
Hospitality revenuemanagement software provider Duetto has unveiled its 2025 hospitality trends report, revealing that increased costs, AI, personalization, evolving revenue metrics and data are the biggest challenges the industry will face this year, according to the global survey of hoteliers.
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