article thumbnail

How hoteliers are using AI for Revenue Management

Hospitality Net

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.

article thumbnail

Duetto Data Shows Promising Year End for Global Hotel Markets

Hospitality Net

Duetto, the hospitality industry’s #1 Revenue Management Software (RMS), has released its latest look at the global hotel market, reporting positive signals in all metrics through to year-end.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Survey Results: Revenue Management Trends & Predictions for 2024

Hotel Speak

The annual Duetto Revenue Management Trends & Predictions Survey results are in! After weeks of polling hoteliers from around the world, we can now deep-dive into the results and see what trends and predictions hotel teams are looking at for 2024. are currently using a revenue management system (RMS), up from 82.3%

article thumbnail

Hotel revenue management strategies and solutions

SiteMinder

What is hotel revenue management? Hotel revenue management is the strategic distribution and pricing tactics used to sell perishable room inventory to the right guests at the right time in order to boost revenue growth. What is the primary purpose of revenue management?

article thumbnail

The lines between marketing and revenue management have blurred.

Tambourine

The lines between marketing and revenue management have blurred. That might sound strange coming from a lifelong revenue management guy like me, but its true. Sometimes revenue management looks a whole lot like marketing. And sometimes marketing looks a lot like revenue management.

article thumbnail

Evolution of Hotel Revenue Management | Hotel Marketing

Belza

Evolution of Hotel Revenue Management | Hotel Marketing

article thumbnail

Hotel Revenue Management Strategies

Xotels

We have written extensively about hotel revenue management strategies and tactics here throughout the years. As strategy is one of the most essential parts of revenue management, we have made a summary of all the top advice from our perspective as a hotel revenue management consulting company.