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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.
From personalized pricing to emerging booking channels, AI is set to reshape revenuemanagement, guest experience, and overall business strategy. Here are my five cents for navigating these changes and positioning your hotel, resort, or casino, for success in an AI-driven world.
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.
Duetto, a global leader in revenuemanagement solutions, and SHR (an Access company), a leading provider of innovative and intelligent technology solutions for hotels and resorts, today announced a strategic partnership designed to revolutionize the casino resort industry.
Crestline Hotels & Resorts, LLC announced the appointment of Leah McFarland as senior vice president of revenue strategy. McFarland joins the Crestline team from MCR Hotels where she was vice president of revenuemanagement and […] The post This Week’s Comings & Goings appeared first on LODGING Magazine.
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.
Cendyn announces that The Maho Group has selected Cendyn to power CRM, revenuemanagement, and business intelligence at two St. Maarten resorts, the Sonesta Maho Beach Resort, Casino & Spa and Sonesta Ocean Point Resort.
The discussion centered on AI’s impact and use cases within hotels and casinos now and in the near future. Kennedy said: “From a revenuemanagement 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.
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. Before delving into the benefits of yield management in the hotel industry, it is essential to understand what it means.
Hotel tech leaders expand partnership to deliver greater insights and efficiencies for hotel revenue teams March 12, 2024 – Duetto , the leader in cloud-based Revenue Strategy solutions, and Amadeus , a leading global travel industry technology partner, today announce an expansion to their strategic relationship.
Revenuemanagement 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.”
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.
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.
Hotel management company EOS Hospitality has appointed Joe Pettigrew as chief commercial officer. Prior tenures also include senior leadership positions at Expedia, The Palms Casino, Interstate Hotels & Resorts and Marriott. for several years. The post EOS Hospitality names Joe Pettigrew CCO appeared first on hotelbusiness.com.
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. “SHR is undoubtedly the world’s leading automated hotel technology platform and a significant addition to our hospitality offering.
SHR provides distribution, guest and revenuemanagement software to over 1500 independent, group, casino and long-stay hotels. The company drives £2 billion in revenue per year through its Windsurfer CRS, selling 19 million room nights and managing 6.6 million reservations.
Using data from various systems, including your PMS, revenuemanagement system (RMS) , and customer relationship management (CRM) system, hotels can strategically leverage data to implement dynamic pricing strategies and personalized, segmented, and tailored campaigns via their CRS. The revenuemanagement system (RMS).
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.
It’s useful for businesses such as hotels, restaurants or casinos that have unique or variable rent costs. million in a year, and it has $600,000 in total operating expenses, you first need to subtract operating expenses from revenue. Remembering that: EBITDA = Earnings before interest, taxes, depreciation, and amortisation. ?.
Based out of La Vie’s Sydney Head Office, Harris will be responsible for delivering top line revenue for all Vie properties. His role will include management over everything from revenue and distribution to client and customer engagement, multi-segment contracting and negotiation, product analysis, partnerships and marketing.
Many people have access to the software, including the general managers, guest-services managers, revenuemanagers as well as sales and marketing teams who use it for insight into guests’ booking history, purchasing patterns, needs and preferences based on how they interacted with a hotel’s website.
Set up a Google Hotel Ads campaign to get immediate results by reaching people who are actively searching for a hotel like yours – AccorHotels lifted year over year bookings by 65% and grew revenue by 84% by using a strategy that delivered more traffic to emerging markets. Revenuemanagement. Property management.
We have yacht clubs, we have charter fishing entrepreneurs, we have casinos, we have cruise line headquarters, we have Expedia, we have everything. Then we have Harris Casino, same thing full night of tour, meet and greet with the president, meet the VP of finance, tour the casino floor. Or an agent, what does a casino host do?
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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