Lodging

FEBRUARY 28, 2024

Extended-stay hotels, typically known for their resilience and consistent returns, are looking for a way to boost revenue for the first time in years. Competitive indicators show extended-stay properties stand to benefit from advanced revenue management support now more than ever.

Revenue Management 162

Revenue Management Revenue Management Operations 162

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?

Revenue Management 246

Revenue Management Average Daily Rate Occupancy Revenue 246

Hotel Management

JULY 2, 2024

No need to obsess over RevPAR or lose sleep over ADR – there are much more important metrics out there for revenue managers. Revenue management is not a walk in the park. The latest guide by Mews, the industry-leading hospitality cloud, explores the new success metrics for revenue managers.

Revenue Management 130

Revenue Management Revenue Management Hospitality 130

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.

Revenue Management 241

Revenue Management Revenue Management Hotels 241

Lodging

NOVEMBER 29, 2023

Sales and revenue management are two departments that seemingly should be a match made in heaven but often find themselves at odds with differing goals for success.

Revenue Management 290

Revenue Management Revenue Sales Management 290

Are Morch

MAY 3, 2024

Do you feel that a hotel that gets the maximum number of guests is profitable? Hotel and resort businesses become more profitable when they earn more revenue regularly. You can do the same for your hotel by setting the right revenue management strategies. If so, you’re on the wrong track.

Revenue Management 130

Revenue Management Revenue Resorts Management 130

Hospitality Net

APRIL 24, 2024

In a recent conversation I had with an asset manager who was underwriting a hotel in the metro Atlanta area, it was determined that for each incremental 50k of profit achieved, the hotel asset value went up approximately 600k. Imagine if your revenue team fully understood this.

Revenue 246

Revenue Management Hotels 246

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.

Revenue Management 245

Revenue Management Revenue Resorts Management 245

Lodging

AUGUST 8, 2024

Revenue management in the hotel industry has become a science over the last few years with pricing strategies that increasingly factor in supply/demand fluctuations and the development of automated revenue management systems (RMSs).

Revenue Management 162

Revenue Management Forecasting Revenue Management 162

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.

Revenue Management 244

Revenue Management Revenue Management Hotels 244

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.

Revenue Management 246

Revenue Management Revenue Management Hotels 246

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.

Revenue Management 243

Revenue Management Revenue Management Hotels 243

Lodging

FEBRUARY 29, 2024

PARIS and MINNEAPOLIS—IDeaS and Accor announced that Accor has chosen IDeaS as its global revenue management software (RMS) provider. Partnering on a suite of IDeaS revenue management solutions, Accor continues to update its commercial strategy for hotels, property owners, and managers.

Revenue Management 162

Revenue Management Revenue Management Hotels 162

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.

Revenue Management 189

Revenue Management Revenue Management Market Share 189

Hospitality Net

FEBRUARY 8, 2024

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.

Revenue Management 198

Revenue Management Revenue Management Hospitality 198

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.

Revenue Management 240

Revenue Management Revenue Management Travel 240

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.

Revenue Management 246

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.

Revenue Management 147

Revenue Management Revenue Management Hotels 147

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.

Revenue Management 246

Revenue Management Revenue Management Hotels 246

Hospitality Net

MAY 15, 2024

I was, quite literally, the first revenue manager at InterContinental Hotels Group (IHG).” 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

Revenue Management 246

Revenue Management Revenue Management Hospitality 246

Hospitality Net

JULY 31, 2024

We all know the backstory: After COVID forced many hotels to close their doors for months on end, travel came roaring back, and for a few years the industry benefitted from “revenge travel” that paved the way for record-breaking rate growth.

Revenue Management 246

Revenue Management Management Revenue Closing 246

Hospitality Net

SEPTEMBER 1, 2023

Many hotels regard revenue management and hotel operations as two separate departments with different responsibilities, objectives and no natural link. In my experience, I’ve seen that collaboration between revenue and housekeeping managers can transform a hotel’s profitability.

Revenue Management 189

Revenue Management Revenue Operations Management 189

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.

Revenue Management 186

Revenue Management Revenue Management Forecasting 186

Hospitality Net

APRIL 23, 2024

In 2023, The Club of Revenue Management by Radisson Hotel Group (“The Club”) achieved remarkable milestones, making it a year of unparalleled success.

Revenue Management 239

Revenue Management Revenue Services Sales 239

Hospitality Net

JULY 30, 2024

As a hotelier, you know your hotel faces unique revenue management challenges. Your location, primary types of travelers, and the season of the year all play into profitable pricing strategies.

Revenue Management 100

Revenue Management Revenue Management Hotels 100

Hospitality Net

MAY 14, 2024

San Diego, CA, May 14, 2024 – Cloudbeds, the premier hospitality management software platform, and Cendyn, a global integrated hotel technology and services company, have today announced a strategic partnership dedicated to driving revenue growth for hoteliers.

Revenue 264

Revenue Hospitality Management Services Hotels 264

Hospitality Net

DECEMBER 14, 2023

Throughout the last century, the role of hotel revenue managers revolved around one goal: optimizing room inventory to maximize profitability. While the core objective remains, modern tech solutions have propelled revenue management beyond traditional boundaries. Welcome to hotel revenue management 2.0.

Revenue Management 100

Revenue Management Revenue Management Hotels 100

Hospitality Net

JULY 14, 2024

The CBRE Global Hotel Asset Management team pinpoints four industry trends that revenue managers should track for a 2024 that garners applause.

Revenue Management 100

Revenue Management Revenue Management Hotels 100

Demand Calendar

AUGUST 22, 2024

To stay ahead, hotels must evolve from basic room revenue management to a more comprehensive, profit-oriented approach that encompasses all revenue streams and considers the profitability of each customer segment. This blog will outline three critical steps to achieve profit-oriented revenue management.

Revenue Management 78

Revenue Management Revenue Management Market Share 78

Hospitality Net

JUNE 18, 2024

SalesAndCatering.com and LodgIQ™ today announced a new strategic partnership to integrate LodgIQ’s revolutionary artificial intelligence (AI) revenue management technology into SalesAndCatering’s award-winning group and event management platform, STS Cloud.

Revenue Management 147

Revenue Management Revenue Management Sales 147

Hospitality Net

JUNE 9, 2023

Magnuson Hotels is pleased to announce the promotion of Laura White to the position of Director of Revenue Managament. Previously serving as Client Services Director, White is now responsible for overseeing the revenue strategy implementation for the group’s portfolio.

Revenue Management 237

Revenue Management Revenue Management Services 237

Hospitality Net

SEPTEMBER 12, 2023

IDeaS, a SAS company, the world’s leading provider of hotel revenue management software and services, announced today that Summerstar Tourist Parks has adopted the IDeaS’ G3 Revenue Management System (RMS) across fourteen of its Australian-based caravan and holiday park sites.

Revenue Management 237

Revenue Management Revenue Management Services 237

Hospitality Net

SEPTEMBER 4, 2024

IDeaS, a SAS company and global provider of hospitality revenue management software and services, today announced IDILIQ Hotels & Resorts has selected IDeaS G3 RMS to automate revenue management and optimize its pricing strategies across its portfolio of Spanish luxury resorts.

Revenue 130

Revenue Resorts Revenue Management Services 130

Hospitality Net

DECEMBER 27, 2023

The scarcity of skilled Revenue Managers in the flourishing hotel industry is indeed a puzzle worth dissecting. Despite a forecasted 10.63% growth in overall demand, the industry grapples with a shortage of adept individuals capable of steering revenue optimization amid this surge.

Revenue Management 184

Revenue Management Revenue Management Forecasting 184

Hospitality Net

FEBRUARY 21, 2024

Lodging Interactive, an award-winning digital marketing, reputation management, and social media engagement agency exclusively serving the hospitality industry since 2001, in a groundbreaking move, is proud to announce the launch of Commingle360, an evolutionary service designed to transform social media engagement into direct hotel bookings and revenue. (..)

Revenue 251

Revenue Digital Marketing Hotels Services 251

Hospitality Net

MARCH 24, 2024

As a Revenue Manager in the hotel industry, your primary focus is to optimize room revenue, evaluating and acting on performance metrics, and spearheading the commercial direction of your property, or portfolio of properties.

Revenue Management 130

Revenue Management Revenue Management Business 130

Hospitality Net

JULY 9, 2024

Singapore, 10/July/2024: Hotelogix, a globally leading cloud-based hospitality technology provider, announced the two-way integration of its Hotel Property Management System (Hotel PMS) with Lybra’s Assistant Revenue Management System (RMS).

Revenue 147

Revenue Revenue Management Hotels Management 147