Hotel Management

MARCH 25, 2024

The company will become involved in the design of a new AI training course for ARMA members which has been proposed for ARMA’s 2024 curriculum to take advantage of the enormous groundswell of interest in AI and how it can benefit all types of businesses in the hospitality sector and beyond.

Revenue Management 130

Revenue Management Revenue Yield Management Management 130

SiteMinder

APRIL 25, 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. The exact genesis of yield management (now revenue management) in the hospitality sector is hotly debated,” says Stuart-Hill. “The

Revenue Management 111

Revenue Management Revenue Management Hotels 111

Hospitality Net

AUGUST 27, 2023

Yield management allows hotels to manage the capacity of their rooms more profitably, and the accuracy of statistical forecasting determines how useful it will be. Inaccurate forecasts can result in decreased revenue, earnings, and operational challenges, which makes getting it right critical.

Forecasting 188

Forecasting Yield Management Cancellation Revenue Management 188

Catala Consulting

JANUARY 18, 2024

In the dynamic world of hospitality, the UK market stands out as a beacon of innovation and adaptation, particularly in the realm of hotel revenue management. This trend enables more accurate forecasting, dynamic pricing, and personalized marketing strategies, significantly enhancing revenue potential.

Revenue Management 52

Revenue Management Revenue Management Market 52

Xotels

APRIL 3, 2024

XOTELS – Revenue Management eBook In the first chapter of this eBook, we will go over the definition of what is revenue management in the hotel and hospitality industry. Everything will be explained from the fundamentals of revenue management to more advanced practices and strategies.

Revenue Management 52

Revenue Management Revenue Management Forecasting 52

Horizon Hospitality

JULY 10, 2024

In the competitive world of hospitality, one of the most critical challenges of hotel professionals is balancing room rates with occupancy levels. Dynamic pricing, or yield management, involves adjusting room rates in real-time based on supply and demand, with the ultimate goal being to increase the Revenue Per Available Room ( RevPAR ).

Occupancy 52

Occupancy Revenue Yield Management Forecasting 52

Hotel Speak

OCTOBER 31, 2024

A recent study by Agilysys, a leading global provider of hospitality software solutions and services, has revealed a surprising trend in the APAC hospitality industry: high guest satisfaction doesn’t necessarily translate into repeat business. Marshall: General Manager’s have always been measured on RevPAR.

Hospitality 77

Hospitality Revenue Yield Management Dining 77

Catala Consulting

JULY 30, 2023

In the fiercely competitive hospitality industry, the essence of successful resort revenue management lies in data-driven decision-making. This approach is pivotal in optimizing financial performance and driving both revenue growth and guest satisfaction. Why is Revenue Management Imperative for Resorts?

Revenue Management 52

Revenue Management Revenue Resorts Management 52

Hotel News Resource

MARCH 6, 2024

Dynamic Pricing for hotels and resorts is Skyware Hospitality Solutions' name for a Revenue Management Systems (RMS) also called 'Yield Management', Ð a term coined by Robert Crandall, former chairman and CEO of American Airlines in the 1980Õs.

Yield Management 45

Yield Management Revenue Management Hotels Revenue 45

MediaBoom

AUGUST 1, 2024

After what amounted to be a rough period from the COVID-19 pandemic, the hospitality and tourism industry has bounced back healthily. How do you make marketing for hospitality and tourism successful? How do you make marketing for hospitality and tourism successful? It’s called being chronically online.

Tourism 99

Tourism Marketing Market Hospitality 99

STAAH

MAY 21, 2024

If demand is high and competition is priced higher, increasing the rate could maximize revenue. Increasing retail pricing may capture more revenue from other segments without affecting corporate bookings, provided the price increase aligns with market conditions. Decision: Should we increase or hold the retail pricing?

Occupancy 95

Occupancy Retail Yield Management Revenue 95

Xotels

MAY 30, 2024

Since the early days revenue management has been applied in hotels, there has been an intriguing ongoing discussion. I have been in hotel revenue management consulting since 2006, and it is a question that keeps coming back. As they both contribute to the total equation of revenue being generated in the hotel.

Revenue Management 49

Revenue Management Occupancy Revenue Average Daily Rate 49

SiteMinder

JULY 10, 2024

What are hospitality podcasts? Hospitality podcasts are audio and/or video shows that focus on the hotel, restaurant, and tourism industries. These podcasts can cover a wide range of topics; from optimising hotel business revenue, to talking about hospitality industry trends, to light-hearted travel and tourism stories.

Hospitality 52

Hospitality Hotels Digital Marketing Revenue 52

Hotel Business

JULY 12, 2023

by Blake Madril Profit optimization has proven itself to be one of the powerful differentiators in the hospitality industry, but many success stories tend not to feature limited- and select-service hotels. Part of the problem, from the operators’ perspective, is the viability of revenue management technology today versus even a few years ago.

Revenue Management 52

Revenue Management Services Revenue Management 52

Xotels

JULY 26, 2024

As someone who spent his fair share of time in the trenches of revenue management, I can tell you it isn’t just some fancy industry jargon; it’s a game-changer, a revenue booster, your ticket to serious profit. What is Yield Management, Really? That’s yield management in action.

Yield Management 52

Yield Management Upsell Revenue Hotels 52

Hotel Business

AUGUST 23, 2024

Book4Time manages guest experiences at spas, international hotels, resorts, casinos, golf and private member clubs in more than 100 countries. Hospitality properties use Book4Time’s appointment booking, contactless guest intake, revenue and yield management and other capabilities.

Yield Management 59

Yield Management Casinos Closing Resorts 59

Xotels

JULY 26, 2024

As someone who spent his fair share of time in the trenches of revenue management, I can tell you it isn’t just some fancy industry jargon; it’s a game-changer, a revenue booster, your ticket to serious profit. What is Yield Management, Really? That’s yield management in action.

Yield Management 59

Yield Management Upsell Hotels Ancillary Revenue 59

SiteMinder

NOVEMBER 7, 2023

Sydney, Australia – Prominent New Zealand hospitality management company, Capstone Hotel Management (Capstone), is today celebrating 10 years of growth with SiteMinder, the name behind the only software platform that unlocks the full revenue potential of hotels.

Scale 105

Scale Management Yield Management Accommodation 105

Hotel Speak

APRIL 12, 2023

HotelRunner, the leading hospitality and travel technologies platform, has launched HotelRunner Elite, an exclusive service designed to add exponential value to independent and chain hotels, helping them overcome the challenges of strategic positioning and yield management.

Yield Management 59

Yield Management Accommodation B2B Travel 59

Inn Quest

JUNE 8, 2023

Are you curious about the latest trends and impact of AI in the hospitality industry? Artificial intelligence (AI) is seamlessly integrating into hospitality experiences, redefining our expectations – from chatbots providing instant customer support to predictive analytics optimizing hotel operations.

Hospitality 54

Hospitality Services Upsell Operations 54

Cloudbeds

FEBRUARY 28, 2024

Whether online or offline, behind every effortless booking experience is a fast, reliable, and fully integrated hospitality management system. The reservation system acts as the central hub of the reservation ecosystem, which may also include a website booking engine, channel manager, and revenue management system.

Revenue Management 98

Revenue Management Revenue Hotels Operations 98

Hotelogix

AUGUST 27, 2024

Using a mix of these channels helps hotels reach more customers, boost revenue, and manage room availability easily while competing in the market.  Increase Bookings and Revenue: Being on more than one platform let’s hotels adjust prices and fill more rooms.

Global Distribution System 52

Global Distribution System OTA Revenue Hotels 52

eZee Absolute

OCTOBER 11, 2023

Known for being the most charming retreat located in the mountains of Chakrata, it is the perfect concoction of Hospitality, Comfort and Nature. Foremost among these challenges was the absence of an integrated booking system and hotel management system. They’re available 24*7 to help you out”.

Resorts 52

Resorts Management Sales Yield Management 52

SiteMinder

NOVEMBER 24, 2023

Evaluating SiteMinder reviews enables accommodation providers to determine its suitability for their specific needs and operational requirements, allowing them to invest in solutions that align with their business goals and increase overall efficiency, guest satisfaction, and revenue results.

Revenue 52

Revenue Revenue Management Management General Manager 52

Cloudbeds

JULY 15, 2023

For growing hospitality businesses, a channel manager is a fundamental part of successful revenue management and distribution strategy. In this guide for hospitality professionals, you’ll learn all about Channel Managers, from how they work to what makes great software for your business specifically.

Management 76

Management OTA Cancellation Overbooking 76

SiteMinder

JANUARY 10, 2024

We all have that one memory of an unforgettable hospitality experience – sometimes it is even the reason we enter the industry – and usually, there is a member of staff right at the centre of that experience. We were able to increase RevPAR by more than 30% by executing yield management on the platform swiftly and accurately.”

Management 59

Management Hotels Services Business 59