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

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

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

OCTOBER 23, 2024

hotels compared to 2019. The effects of inflation and the higher interest rates tasked with taming it are being felt by guests, with STR projecting a 6 percent decline in real RevPAR for U.S.

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Revenue Management Revenue Management Closing 241

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

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 Marketing 243

Hospitality Net

AUGUST 30, 2024

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

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Revenue Management Revenue Management Operations 289

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

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

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

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

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Revenue Management Revenue Management Hospitality 246

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.

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Revenue Management Revenue Management Hospitality 198

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

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.

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Revenue Management Revenue Management Services 239

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.

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Revenue Management Revenue Services Sales 239

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.

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Revenue Management Revenue Management Operations 162

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 189

Hospitality Net

NOVEMBER 13, 2024

IDeaS, a SAS company, the world’s leading provider of hotel revenue management software and services, announced today its official recognition by HOTELS Magazine as the hospitality industry’s No.1 1 rated revenue management company.

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Revenue Management Revenue Management Hotels 183

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.

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Revenue Management Revenue Management Hotels 162

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

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.

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Revenue Management Revenue Management Services 237

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.

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Revenue Management Revenue Management Hotels 130

Hospitality Net

MAY 16, 2023

Magnuson Hotels is pleased to announce the promotion of Adnan Malik to the position of Chief Revenue Officer (CRO). In his new role, Malik will oversee the company’s revenue management strategy and drive initiatives to enhance revenue growth across the organization.

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Revenue Revenue Management Hotels Management 290

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.

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Revenue Management Revenue Operations Management 189

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.

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Revenue Management Revenue Management Forecasting 184

Hospitality Net

OCTOBER 18, 2023

AI is being embraced by businesses worldwide to optimize their processes and grow revenue, among other things. Practically every day, AI is integrated into a new product or service. And we’re not just talking about virtual assistants and search engines.

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Revenue Management Revenue Management Services 246

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

FEBRUARY 28, 2024

IDeaS, the leading provider of hospitality revenue optimization software and services, and Accor, a world leading hospitality group with one of the industry’s most diverse hospitality ecosystems encompassing more than 45 hotel brands from luxury to economy, have announced, following a rigorous selection process, that Accor has chosen IDeaS as its global (..)

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Revenue Management Revenue Management Services 180

Hospitality Net

MARCH 5, 2024

Messe Berlin) IDeaS, ein SAS-Unternehmen und der weltweit führende Anbieter von Revenue Management-Software für die Hotellerie, stellt heute sein neuestes Produkt G3 RMS Portfolio Navigator vor - die nächste Innovation im Bereich Multi-Property Revenue Management. ITB Stand 110 Halle 8.1

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Revenue Management Revenue Management Hotels 174

Hospitality Net

NOVEMBER 22, 2024

We sat down with three Revenue Management experts, Virginia McShane, Joshua Clem, and Hudson Wood, to get some tips and tricks for tracking pickup and pace, communicating with other departments, and staying flexible in a dynamic market. By keeping a close eye on your pickup and your pace.

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Revenue Management Revenue Management Closing 187

Hospitality Net

JUNE 14, 2023

IDeaS, a SAS company, the world’s leading provider of hospitality revenue management software and services, has announced that Garden Hotel Suzhou has deployed IDeaS’ Revenue Management System (RMS) with significant success, increasing RevPAR over the period January to May 2023 by more than 30 percent of pre-COVID levels.

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Revenue Revenue Management Hotels 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).

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Revenue Management Forecasting Revenue Management 162

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 17, 2024

Never in human history have we had access to as much data as we do today. In recent years, the tools and strategies we use to process and understand insights derived from this data have become one of the hottest commodities – and with good reason.

Revenue Management 246

Revenue Management Revenue Management Operations 246

Hospitality Net

JUNE 26, 2023

Demand Calendar, a comprehensive revenue and profit management system, will be exhibited for the first time at HITEC in Toronto. Visit booth #517 to learn more about profit-oriented total revenue management.

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Revenue Management Revenue Management Forecasting 180

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

Hotel Management

NOVEMBER 26, 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.

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Revenue Management Revenue Management Hospitality 130