Hospitality Net

JULY 10, 2024

Dating a revenue manager is a unique experience that comes with its own set of challenges and rewards, much like optimizing a hotel’s pricing strategy.

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Revenue Management Revenue Management 264

Hospitality Net

MAY 15, 2024

When I asked Andrew Rubinacci to describe the early days of his illustrious hospitality career, his answer was one you might not expect—“I was a guinea pig,” he’ll say with a smile. “I I was, quite literally, the first revenue manager at InterContinental Hotels Group (IHG).”

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Revenue Management Revenue Management Hospitality 246

Hospitality Net

MAY 2, 2024

In a significant development, the Australian Revenue Management Association (ARMA) - a major peak body representing revenue and yield management in the hospitality and tourism industry - has officially endorsed Intellisoftware Pty Ltd’s AI-driven Revenue Management System (RMS) Hotel RevBoost as part of a broader strategic partnership with the company. (..)

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Revenue Management Revenue Yield Management Management 238

Hospitality Net

NOVEMBER 13, 2024

It is that time of the year. Easter bunny gone, snow around the corner before the big slightly chubby guy in red comes down the chimney to give us presents.

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Revenue Management Revenue Management 237

Hospitality Net

MARCH 5, 2024

Messe Berlin) IDeaS, a SAS company, the world’s leading provider of hospitality revenue management software and services, announced today the release of G3 RMS Portfolio Navigator, the next innovation in multi-property revenue management. ITB Booth #110 Hall 8.1

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Revenue Management Revenue Management Scale 243

Hospitality Net

SEPTEMBER 12, 2024

IDeaS Revenue Solutions, the world’s leading provider of advanced revenue management software (RMS) and services, announced that it is expanding its industry-leading suite of revenue management solutions to the cruise industry through a partnership with Virgin Voyages.

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Revenue Management Revenue Management Services 243

Hospitality Net

FEBRUARY 8, 2024

Despite signs of recovery in 2023, the hospitality sector’s 2024 outlook is unpredictable. Deloitte’s Hospitality Industry Outlook 2023 identified the hospitality sector’s key challenges for 2024 as a drop in consumer confidence, continuing labor shortages, and the inability of hotels to raise prices despite escalating costs.

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Revenue Management Revenue Management Hospitality 198

Hospitality Net

SEPTEMBER 11, 2024

Steinhausen, Switzerland – September 10, 2024 – RoomPriceGenie, developer of an award-winning revenue management solution for hotels, is proud to announce the launch of the free, online Revenue Management Content Library, which gives independent hotels the tools necessary to boost bookings and maximise revenue.

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Revenue Management Revenue Management Hotels 246

Hospitality Net

JUNE 6, 2024

Since the early days revenue management has been applied in hotels, there has been an intriguing ongoing discussion. What drives more value to the business, ADR, average daily rate, or occupancy?

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Revenue Management Average Daily Rate Occupancy Revenue 246

Hospitality Net

MAY 28, 2024

For some hoteliers, a Revenue Management System (RMS) seems like the ticket to higher occupancy and room rates. 1) Rule-based RMS: this type can be used by anyone without experience in revenue management as it trivializes the discipline, so this one doesn’t r. Get the software, input some data and away you go.

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Revenue Management Revenue Management Cancellation 244

Hospitality Net

SEPTEMBER 17, 2024

SiteMinder, the world’s leading hotel distribution and revenue platform, is heralding a new era of revenue management for hotels with the unveiling of ‘Dynamic Revenue Plus’, the only solution for hotels to both access live market intelligence and take immediate action on their bookable inventory, pricing and distribution strategy.

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Revenue Management Revenue Management Market 243

Hospitality Net

AUGUST 1, 2024

Traditional revenue management concepts in the hospitality industry have evolved significantly in recent years due to technological changes, consumer behavior, and market dynamics.

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Revenue Management Ancillary Revenue Revenue Management 100

Hospitality Net

NOVEMBER 11, 2024

Appart’City, France’s leading aparthotel operator, has partnered with IDeaS, a SAS company and world’s leading provider of hospitality revenue management software and services, to optimise revenue management decisions and automate related processes across its portfolio of 90 properties.

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Revenue Revenue Management Services Operations 239

Hospitality Net

JUNE 1, 2023

As a large majority of hotels have adopted some sort of dynamic pricing for their rooms, the next evolution of revenue management is moving beyond rooms, and many leaders have adopted total revenue management strategies for a more holistic approach.

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Revenue Management Revenue Management Hotels 246

Hospitality Net

JULY 22, 2024

They delved into the evolving landscape of revenue management, the shift to cloud-based solutions, and the transformative role of AI in the hospitality industry. At HITEC 2024, Simone Puorto interviewed Klaus Kohlmayr, Chief Evangelist and Development Officer at IDeaS.

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Revenue Management Revenue Management Hospitality 203

Hospitality Net

AUGUST 15, 2024

Technology has undeniably brought a world of convenience to revenue management. The following is an excerpt taken from SiteMinder’s blog. And, as we look to the future, it will take on a greater and more central role as the practice undergoes a fundamental shift.

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Revenue Management Revenue Management 244

Hospitality Net

SEPTEMBER 6, 2023

IDeaS, a SAS, company, the world’s leading provider of hotel revenue management software and services, released a special report in line with industry budget season.

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Revenue Management Revenue Management Hotels 244

Hospitality Net

JUNE 17, 2024

Managing hotel revenue is key to business success and profitability. Understanding these biases and their effects on revenue strategies is crucial for hotel managers who want to maximize their revenue. However, cognitive biases can lead to less-than-ideal decisions.

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Revenue Management Revenue Management Hotels 147

Hospitality Net

MAY 31, 2023

IDeaS, a SAS company, the world’s leading provider of hospitality revenue management software and services, has been selected as the preferred RMS provider to Park Plaza Hotels Europe (PPHE Hotel Group) in Europe.

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Revenue Management Revenue Management Hotels 246

Hospitality Net

APRIL 4, 2024

Intellisoftware Pty Ltd, a leading Australian start-up in the Artificial Intelligence (AI) space has today unveiled a new wide-ranging strategic partnership with the Australian Revenue Management Association (ARMA) - a peak industry body active in the hospitality and tourism sectors focused on elevating the standards of revenue and yield management (..)

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Revenue Management Yield Management Revenue Management 258

Hospitality Net

AUGUST 24, 2023

In the ever-evolving hospitality industry, revenue management plays a crucial role in maximizing profitability and ensuring sustainable growth for hotels.

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Revenue Management Revenue Management Market Share 246

Hospitality Net

JUNE 19, 2024

As a seasoned revenue manager and a parent, I’ve come to realize that the principles of revenue management aren’t confined to the boardroom or the hotel lobby—they extend right into our living rooms.

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Revenue Management Revenue Management Hotels 147

Hospitality Net

MAY 24, 2023

Cogwheel Marketing’s CEO, Stephanie Smith, and Loren Gray, Founder of Hospitality Digital Marketing, discuss the innovations in revenue management in August 2022.

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Revenue Management Revenue Marketing Market 189

Hospitality Net

JANUARY 7, 2024

In the hospitality industry, achieving optimal revenue performance used to be the domain of larger, full-service hotels, with smaller and select-service hotels often left to navigate revenue management independently.

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Revenue Management Revenue Management Market Share 189

Hospitality Net

OCTOBER 16, 2023

Revenue management has a bad reputation in some ways because it focuses on room rates. A new hotel to some is just another place some travelers cannot afford to stay.

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Revenue Management Revenue Management Travel 240

Hospitality Net

OCTOBER 26, 2023

Brittain Resorts & Hotels (BRH), a leading full-service hospitality management company, has adopted SiteMinder, the name behind the only software platform that unlocks the full revenue potential of hotels, as part of its newly-announced business intelligence technology matrix.

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Revenue Management Revenue Resorts Management 245

Hospitality Net

OCTOBER 9, 2023

EHL Graduate School in Lausanne is excited to announce an exclusive course titled "Achieving Profitable Growth in Hospitality with Revenue Management Strategy" scheduled for Monday, November 13, 2023.

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Revenue Management Revenue Management Business 235

Hospitality Net

OCTOBER 20, 2024

Duetto, the world’s leading revenue management software provider for the hospitality industry, is proud to announce its further expansion into North Asia.

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Revenue Management Revenue Market Marketing 130

Hospitality Net

JUNE 13, 2024

Meanwhile, the revenue management team is diligently fine-tuning pricing strategies to optimize profits. That is until occupancy rates falter or revenues don’t meet expectations, then the fingers begin to point. Picture this: Marketing campaigns are in full swing, beautifully crafted, and meticulously executed to entice guests.

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Revenue Management Revenue Market Marketing 189

Hospitality Net

AUGUST 30, 2024

That means to achieve greater profits, hotel owners and operators need to explore every possible revenue stream while also working to manage expenses. The global hotel industry is firmly positioned in an era of normalized growth levels.

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Revenue Management Revenue Management Operations 289

Hospitality Net

AUGUST 17, 2023

RMS Cloud, a leading provider of cloud-based property management systems, and Atomize, an innovative revenue management platform, are thrilled to announce their strategic integration, ushering in a new era of hotel revenue management.

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Revenue Management Revenue Management Hotels 243

Hospitality Net

APRIL 26, 2024

With every passing year, revenue management is playing a more central role at hotels as they navigate a landscape now locked in a permanent state of change.

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Revenue Management Revenue Management Hotels 241

Hospitality Net

MARCH 15, 2024

We know that reputation management is important, but how involved should revenue managers be in that process? I brought this topic to the leaders of the HSMAI Revenue Optimization Advisory Board to discuss our role in reputation management. Below are our top five takeaways.

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Revenue Management Revenue Management 186

Hospitality Net

OCTOBER 2, 2023

Hotel revenue management is the process of optimizing revenue by predicting demand and setting prices accordingly, most commonly found in hotels to forecast occupancy in order to maximize their room rate, hotel marketing strategy, and overall property performance.

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Revenue Management Revenue Management Forecasting 186

Hospitality Net

OCTOBER 16, 2024

Today we take it easy.because it is October and we just finished budgeting!!!!

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Revenue Management Revenue Management 244

Hospitality Net

DECEMBER 6, 2023

FLYR, the AI-powered platform for travel technology, today announced that BWH Hotels Scandinavia, a leading global hospitality network that includes Best Western Hotels & Resorts (BWHR), Worldhotels, and Sure Hotels, has selected FLYR for Hospitality as its preferred Revenue Management System (RMS).

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Revenue Management Revenue Management Hospitality 100

Hospitality Net

AUGUST 21, 2023

You’ve probably noticed it, too – the increased trend towards clustering revenue management positions. Done right, it can help you manage costs, increase efficiency and boost revenue. But it comes with its own set of challenges which are mainly related to time constraints and access to high-quality, accurate data.

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Revenue Management Revenue Management 240