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The role of total revenue management in a hotel profitability strategy

Hospitality Net

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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Visual Matrix and Duetto Integration Elevates Hotel Revenue Management

Hospitality Net

In a significant advancement for the hospitality technology sector, Visual Matrix is proud to announce its integration with Duetto and its flagship revenue management products: GameChanger, ScoreBoard, and BlockBuster.

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Playing the Same Game: How Revenue Managers and Sales Are Joining Forces

Lodging

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.

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The Evolving Role of Operational Reports in Modern Hotel Management

Hospitality Net

In the hospitality industry, operational reports delivered through Property Management Systems (PMS) are critical for running a smooth hotel operation. These reports form the backbone of daily operations, guiding decisions on staffing, room cleaning schedules and room revenue optimization.

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The Great Equalizer: Why Revenue Management Tech Is Now a Must-Have for Boutique Hotels

Lodging

Fair or not, the idea that advanced revenue management software is best suited for massive high-end resorts or properties that are operating under a big brand umbrella has been stubbornly persistent among hoteliers.

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Rigorous Revenue Management: AI Tech Tools Take Pricing and Forecasting Accuracy to the Next Level

Lodging

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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Ace Parking at Phoenix Airport Credits IDeaS in Helping Modernize its Revenue and Commercial Management Strategies

Hospitality Net

Parking is a critical source of revenue for airports. Yet, many operators continue to rely on a one-size-fits-all approach to parking rates, often ceding revenue opportunities to public transportation and ride-sharing services.

Revenue 260