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Large scaleevents are significant revenue generators for hoteliers, injecting demand into markets and thus allowing hotel revenuemanagers to advertise much higher rates for their hotels during these periods.
With over 2,23,000 attendees, this event became the bands biggest show yet, smashing records and sending demand for hotel rooms through the roof. Enter AI-Powered RevenueManagement: eZee Mint AI Final Encore Some hoteliers hit the jackpot, while others? As the event dates neared, hotel rates skyrocketed. The good news?
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.
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. About IDeaS IDeaS, a SAS company, is the worlds leading revenuemanagement software and services provider.
This mega-event is not just a spiritual confluence but also a catalyst for significant economic activity, providing a golden opportunity for the hospitality industry. During the 2013 Maha Kumbh, the event generated approximately 12,000 crore ($1.45 For 2025, the scale is even grander.
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.
But hotel revenuemanagement can be your secret wand. Revenuemanagement is about more than just the right pricing. It’s about knowing what guests need, predicting bookings, and adjusting rates to make more revenue. In the ever-competitive world of hospitality, staying ahead can be a real challenge.
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.
Berlin, Germany – SiteMinder, the name behind the only software platform that unlocks the full revenue potential of hotels, has today released its industry-leading platform on mobile, to give accommodation providers the power to execute their property’s revenuemanagement strategy and mitigate real-time risks, free from their desk.
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.
A hotel meeting room is a dedicated space within a hotel, specifically designed to host various events, from corporate meetings and workshops to private gatherings and seminars. Hotel meetings and events are a great way to boost revenue at your property and attract a constant stream of professionals and business travellers.
Destinations and cities with large-scaleevents on the horizon are also seeing traction. Paris and Nice are up 5% compared to the same period in 2022, while Marseille is up 7%, indicating increased demand for hotel rooms during the event. Beyoncé is creating headlines with the Renaissance World Tour.
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. This prevents hotel chains from achieving efficiencies of scale, with a host of disparate revenue-management technologies and strategies under one roof.
Formerly Operations Excellence Manager since January 2023, Gorasia brings expertise from numerous senior finance and accounting positions within Mantra Group, Accor Hotels and Shangri-La, as well as leading the finance function at Sonic Healthcare.
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.
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.
Understanding future demand trends, their causes, and the guest segments driving them can help hotel revenuemanagers adjust room rates to boost occupancy and sales. Managers can use it to budget, allocate resources, streamline inventory management, and improve the guest experience. This forward-looking data (e.g.,
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.
At the same time, your front desk system will tell your channel manager that your inventory has changed, and this will be updated across all connected booking channels instantly. I dont have to overthink Little Hotelier. Little Hotelier delivers, and it makes a huge difference when you trust a system.
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.
“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.
of event space and welcomes pets. “Hotel owners are facing significant challenges today like never before and turning to cycle-tested management companies like LBA will provide operational excellence and help increase our overall profitability and maximize the values of our investments,” said Kish Kanji, COO, Impact Holdings.
(assisting at the Carolina Panthers Stadium and then managing the company’s Concessions/Catering Departments). Moving on to hotels, he served as reservations and revenuemanager for three Palisociety Hotels before working as revenuemanager for OLS Hotels and Resorts (now Springboard Hospitality).
This illustrates the strong appetite amongst consumers to experience large-scale stadium events, and how the benefits spread well beyond the music and entertainment industry.”
The week also included the debut of the HSMAI Contact Center Summit, as well as recognition for the 2024 HSMAI marketing and revenue optimization award winners. The Hospitality Sales and Marketing Association International (HSMAI) Americas recently held its first Commercial Strategy Conference, which took place from June 25-26, in Charlotte.
This episode is full of content from conversations regarding trends like staffing shortages, event & group travel, and an inside look at the inaugural launch of The Hospitality Show. From airlines to hotels to events, everything in between. So technology I think is only a tool. It’s not, it’s not the product.
Moreover, the flexibility to enhance property performance with specialized add-ons allows for tailored optimization in key areas, including operations, revenuemanagement, guest experience, and digital marketing. Groups and events. Manage everything from event bookings, contracts, orders, payments, and more.
held its inaugural HERtels by Choice Development Seminar on March 20, with nearly 40 franchise owners, general managers and hotel associates in attendance as part of a series of events to commemorate Woman’s History Month. “Choice Hotels was the first brand that I owned which taught me how to build and grow my portfolio.
Remote access : Hotels can manage operations anywhere, anytime, which is particularly useful for managers. Scalability : Cloud-based systems can be easily scaled up as the hotel grows. Third-party integrations : Cloud PMS supports seamless integration with other hotel software, such as channel managers and booking engines.
A question that likely keeps you up at night is, ‘How can I boost revenue per available room (RevPAR) and outpace my competitors?’ It’s the bedrock of hotel revenuemanagement , and for good reason. But it’s not solely about revenue. Why is hotel price optimization an essential pillar of revenuemanagement?
Manage your hotel sales with the best software in the market Use Little Hotelier’s revenuemanagement features to manage your hotel sales and boost hotel bookings. This integration streamlines the management of bookings, guest information, and operational tasks, enhancing efficiency and data consistency.
We have witnessed firsthand the evolving landscape of hotel revenuemanagement. Dynamic pricing strategy in hotels allows hoteliers to optimize revenue by ensuring room rates accurately reflect market conditions and consumer behavior. In this context, hotel dynamic pricing is one of the most critical elements.
From a business perspective, the hospitality industry is traditionally divided into five major industry sectors: food and beverage, travel and tourism, lodging, recreation, and meetings and events. If travelling for work, the meetings and events sector may also be relevant. Meetings and events. Business events.
The town hosts several prominent festivals and events, such as Poush Mela in December and Basanta Utsav (Spring Festival) in March, which draw large crowds of visitors. It ensures real-time updates of room availability and rates, optimizing revenuemanagement.
Another example is in revenuemanagement, which is an area in which Yanolja Cloud offers various solutions. AI can help analyse data in real time and factor in a wide range of variables such as occupancy rates, weather, time of year, the impact of major events and more – and adjust prices accordingly to maximise occupancy rates.
A direct channel manager which integrates with your PMS can provide you with the chance to manage your rates and inventory simultaneously. The channel manager will actively apply all changes made to your inventory across all distribution channels.
There used to be a time when hotel revenuemanagers simply had to look at predicted demand and keep an eye on competitors’ rates to optimize pricing. For revenuemanagers, that meant adding a new strategy (and a new skill) to their decision-making: reputation pricing. For them, the primary quality indicator was price.
Large-scale sporting events such as France’s Rugby World Cup substantially impacted hotel occupancies. This will provide Hilton with direct access to the valuable insights of Demand360+ through the hotel chain’s GRO revenuemanagement system. Amadeus
Stakeholder management – While revenuemanagers will certainly be looking for any chance to maximise revenue, marketers and those in charge of brand may not be as comfortable with regular fluctuations. This will allow them to capitalise on opportunities to boost occupancy and/or maximise revenue.
Here at Asksuite, many of our clients have witnessed significant growth in direct bookings and qualified leads (groups and events) by providing outstanding customer service. Technologies can help organize guest data, improve customer service and scale your service. They can answer the demands of groups and events, for example.
Pricing strategy : Setting room rates on Airbnb can be difficult due to fluctuating demand, seasonality, and local events. Guest experience By managing guest profiles and communication history, you can offer personalised experiences and foster strong relationships with your guests, leading to better reviews and increased customer loyalty.
Utilize a variety of rate plans Incorporating a variety of rate plans as a part of your revenuemanagement strategy gives travelers more options and flexibility to choose what best suits their needs (and helps you better manage occupancy).
Google is taking the hotel industry by storm to gain market share and grow their advertising revenues. We will take a look at how Google is penetrating the hotel distribution vertical with Google Hotel Ads, and what opportunities this gives in terms of hotel revenuemanagement and marketing. From Hotel Finder to GHA.
Turn statistics into hotel revenue Make statistics mean something by using SiteMinder’s platform to implement effective revenuemanagement strategies Learn more Hotel industry report: What are the best sources of hotel industry data? Only 10% of Airbnb bookings are for business travel.
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