Catala Consulting

NOVEMBER 18, 2023

The Evolution of Hotel Revenue Management In its early stages, hotel revenue management was a game of numbers – it was all about filling rooms and adjusting prices based on demand. Hotels used historical data and simple forecasting methods to set room rates, often focusing on short-term gains.

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SiteMinder

SEPTEMBER 18, 2024

Confidence in future success In a constantly evolving landscape, Heather believes effective revenue management will involve AI in some form and is prepared for it. “AI AI has already started to benefit our revenue management through suggested rate optimizations and trend forecasting.

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Hotel Business

MARCH 6, 2024

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.

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Hotel Speak

JUNE 20, 2024

London —June 20 2024— IDeaS , a SAS company and provider of hospitality revenue management software and services, today announced that it has integrated with the Oracle Hospitality Integration Platform (OHIP). About IDeaS IDeaS, a SAS company, is the world’s leading revenue management software and services provider.

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Hotel Business

JUNE 18, 2024

This goes beyond pricing and forecasting. It unlocks the true potential of data-driven revenue management, allowing hoteliers to make smarter decisions and achieve optimal results.” The post IDeaS now available on Oracle Hospitality Integration Platform appeared first on hotelbusiness.com.

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Little Hotelier

MARCH 10, 2024

It centralises information on bookings, customer interactions, and revenue streams, allowing hoteliers to efficiently track performance and make informed decisions. Manage your hotel sales with the best software in the market Use Little Hotelier’s revenue management features to manage your hotel sales and boost hotel bookings.

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SiteMinder

MAY 6, 2024

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.” As travellers book further in advance, hoteliers are in a better position to forecast periods of heightened demand and dynamically optimise their revenue management.

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Hotelogix

JUNE 10, 2024

We have witnessed firsthand the evolving landscape of hotel revenue management. Dynamic pricing strategy in hotels allows hoteliers to optimize revenue by ensuring room rates accurately reflect market conditions and consumer behavior. Forecasting : The software should offer accurate demand forecasting and trend analysis.

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Hotelogix

SEPTEMBER 12, 2024

A Hotel PMS provides several operational reports, including a history and forecast report, revenue report, reservation report, housekeeping report, night audit report, financial report, guest history report, occupancy reports, etc., Scalability : Cloud-based systems can be easily scaled up as the hotel grows.

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SiteMinder

OCTOBER 15, 2023

Improve forecasting – Compare historical data with current market conditions to get an idea of what you can set your rates at in the future. The hotel revenue manager will track what’s happening in the market throughout the day and week to pick up on any noticeable changes.

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Cloudbeds

APRIL 30, 2024

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 revenue management , and for good reason. But it’s not solely about revenue. Why is hotel price optimization an essential pillar of revenue management?

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Cloudbeds

JUNE 5, 2024

There used to be a time when hotel revenue managers simply had to look at predicted demand and keep an eye on competitors’ rates to optimize pricing. For revenue managers, that meant adding a new strategy (and a new skill) to their decision-making: reputation pricing. For them, the primary quality indicator was price.

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SiteMinder

MAY 15, 2023

You need to be sure your finances are in order before embarking on a large scale hotel project. This figure is forecast to grow in the following years to 2,480 global hotel openings in 2023 and 2,707 in 2024. Gaining capital is important for any business investment and, given their multifaceted nature, hotels are no different.

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SiteMinder

DECEMBER 4, 2023

Hotel statistics may include occupancy rates, revenue figures, guest statistics, cancellation rates, booking channel statistics and more. This kind of data is invaluable for hoteliers who want to analyse performance, benchmark, forecast, and plan strategically to ensure business success.

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Hotel Operations

MARCH 15, 2023

But as revenue management technology and other pieces of a hotel’s commercial stack have become more effective, owners have increasingly turned to it for driving results. Forecasting demand is an example. “We’re Hotel tech adoption has always been driven by hotel owners who see it as a path to increased profitability.

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SiteMinder

OCTOBER 10, 2022

The company is the recognised leader in hotel industry benchmarking and provides market data including supply and demand and market share information on a global scale. ADR = Total room revenue/total rooms sold. is a hotel analytics company founded in 1985 as Smith Travel Research.

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Hotelier Magazine

OCTOBER 10, 2023

Our long-term forecast is that we’re at full recovery. Test it out on a small scale and see if you can create meaningful improvements. She says CBRE is predicting a very moderate 2024, “but still positive growth. How do you upskill? How do you create the skills that you need? And, there’s a role of technology.

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