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

APRIL 23, 2024

Are you ready to whet your appetite for innovation and digest the latest strategies in F&B Revenue Management? This time, let’s season our discussion with a dash of strategic foresight and a pinch of operational excellence impacting F&B Revenue Management.

Revenue Management 100

Revenue Management Revenue Management Operations 100

eHotelier

JUNE 6, 2024

Here's an in-depth look at the benefits of revenue management for hotel leadership in non-revenue generating departments, including hotel owners/operators, hotel managers/GMs and front desk managers.

Revenue Management 75

Revenue Management Management Revenue Operations 75

Hotel Business

JUNE 28, 2024

That said, it’s clear that there are few items on your property’s wish list that provide the long-term value of an effective revenue management system. Finding and implementing the right revenue management system (RMS) provider will provide competitive advantages at a time when they are most necessary.

Revenue Management 59

Revenue Management Revenue Management Forecasting 59

Hospitality Net

MAY 15, 2024

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

Revenue Management Revenue Management Operations 260

Hotel Speak

FEBRUARY 28, 2024

China outbound travel is returning, technology is innovating at a rapid rate, and hoteliers have more opportunities to revenue manage beyond room rates. Revenue without profit is worth nothing! Therefore, in addition to watching costs, hotels need to re-evaluate their wholesale and tour operator contracts.

Revenue Management 97

Revenue Management Revenue Management Operations 97

STAAH

APRIL 23, 2024

In today’s fast-paced hospitality landscape, staying ahead of the curve is paramount for maximizing revenue potential. As technology continues to evolve, so do the strategies and innovations within revenue management.

Revenue Management 88

Revenue Management Revenue Ancillary Revenue Management 88

Belza

JUNE 22, 2024

Using Hotel Revenue Management to Increase Net Operating Income | Hotel Marketing

Net Operating Income 52

Net Operating Income Revenue Management Operations Revenue 52

Hotel Speak

FEBRUARY 1, 2024

The annual Duetto Revenue Management Trends & Predictions Survey results are in! There was also continued investment in technology, This year, we take a closer look at how that group business might be revenue optimized, as well as identify the channel management tactics hotels are planning to invest effort in for 2024.

Revenue Management 98

Revenue Management Revenue Management Forecasting 98

Hospitality Net

APRIL 17, 2024

Organizations are able to harness the power of data to gain a deeper understanding of their operations, customer behaviors, and market trends, unlocking competitive advantages.

Revenue Management 246

Revenue Management Revenue Management Operations 246

eZee Absolute

DECEMBER 7, 2023

Revenue management (RM) is supremely necessary for hotels. I kid you not, most of the hotels refrain from opting for any sort of revenue management services. The hotel revenue management myths that are swirling around are the real reasons hotels are so skeptical about it. Who is to blame for it?

Revenue Management 98

Revenue Management Revenue Management Overbooking 98

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

STAAH

APRIL 2, 2024

Effective revenue management provides hoteliers with a clear roadmap for pricing and optimisation, while acting as a gauge to measure success. What is a Revenue Management Solution for Hotels? What is a Revenue Management Solution for Hotels? How Do They Work? How Do They Work?

Revenue Management 79

Revenue Management Revenue Management Hotels 79

Hospitality Net

AUGUST 27, 2023

With casinos now in almost every state in the US, knowledge about gambling operations, loyalty programs, and marketing tactics is increasingly prevalent. Gaming operators have long expanded into other hospitality industries and, recently, online.

Casinos 173

Casinos Revenue Management Revenue Management 173

STAAH

APRIL 9, 2024

All employees are revenue management ambassadors for their organisations. Everyone contributes to the revenue success of a business in both direct and non-direct ways. Surprisingly, the value of operational excellence on commercial performance is often not talked about enough.

Revenue 93

Revenue Operations Revenue Management Upsell 93

Demand Calendar

MARCH 19, 2024

The main argument of this blog post is simple but essential: hotels focus too much on room revenue, ignoring other valuable sources of income. Full-service hotels have various revenue-generating opportunities, such as food and beverage operations, spa services, and event hosting.

Revenue Management 74

Revenue Management Revenue Management Events 74

Catala Consulting

MAY 17, 2024

Revenue management is a crucial aspect of the hospitality industry, focusing on maximizing income through strategic pricing, inventory control, and demand forecasting. These frontline employees are instrumental in shaping the guest experience, impacting occupancy rates, and ultimately driving revenue.

Revenue Management 52

Revenue Management Revenue Management Upsell 52

eZee Absolute

MAY 13, 2024

Well, the answer lies in how well you’re using your Hotel Revenue Management System (RMS) reports. But with so many reports available, how do you find the ones essential for maximizing your hotel’s revenue? RMS reports are like secret weapons for hoteliers.

Revenue Management 52

Revenue Management Revenue Management Forecasting 52

Demand Calendar

DECEMBER 7, 2023

The shift to guest-centric revenue management presents challenges and opportunities, particularly for revenue managers who have long operated within the frameworks of traditional methodologies. It's about evolving from a numbers-focused viewpoint to one that deeply empathizes with and anticipates guest needs.

Revenue Management 77

Revenue Management Revenue Management Operations 77

Lodging

JUNE 24, 2024

DALLAS—DerbySoft, a leader in high-performance distribution services, announced a new partnership with IDeaS, a SAS company, the world’s leading provider of hospitality revenue management software and services, that strategically provides operational and revenue-enhancing benefits for hotels of all types.

Revenue Management 258

Revenue Management Forecasting Revenue Services 258

SiteMinder

JUNE 6, 2024

A quick search on the internet yields a wide range of definitions for ‘revenue management’. Some of these take a theoretical, almost academic approach and, in several instances, there are iterations of revenue management’s classic definition: ‘selling the right room, to the right guest, at the right time, for the right price’.

Revenue Management 52

Revenue Management Revenue Management Accommodation 52

Little Hotelier

FEBRUARY 25, 2024

What is revenue management consulting? Revenue management consulting is specialised expertise that a business can bring in to gain guidance on managing and optimising revenue. An investment in hotel revenue management services is therefore one that can quickly deliver an attributable return.

Revenue Management 52

Revenue Management Revenue Services Management 52

Hotel Management

MAY 7, 2024

APAC Revenue Management Summit 2024 – “RISE UP” May 27 and 28 Join us at the APAC Revenue Management Summit 2024 – “Rise UP” on May 27 and 28. Ready to take your revenue management to the next level? Expect actionable insights and lots of discussion so you can implement immediately in your daily operations.

Revenue 130

Revenue Business Revenue Management General Manager 130

Hotel Speak

JUNE 4, 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 47

Revenue Management Occupancy Revenue Average Daily Rate 47

Webrezpro

MAY 18, 2023

Hotel revenue management is a complicated process with a simple goal: to maximize revenue. It’s about analyzing demand and honing what you offer to sell the right product to the right customer at the right time, on the right channel, for the right price to grow profit.

Revenue Management 81

Revenue Management Revenue Management Hotels 81

Hospitality Tech

OCTOBER 3, 2023

Automated revenue management solution will provide restaurants with the tools they need to optimize their operations and fill more seats, more often.

Revenue Management 52

Revenue Management Operations Revenue Management 52

Hotel Business

SEPTEMBER 12, 2023

IDeaS , a SAS company, has released the report “ Unlocking Hotel Performance: The Power of Revenue Management Technology Today ,” which includes key insights into how investors view revenue technologies, the role of artificial intelligence in hospitality and how technology is reshaping hospitality commercial organizations.

Revenue Management 59

Revenue Management Revenue Net Operating Income Management 59

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

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

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 article explores the top trends in hotel revenue management, yield management, and revenue management in the UK, offering insights and strategies for hotel professionals.

Revenue Management 52

Revenue Management Revenue Management Market 52

Hotel Business

SEPTEMBER 15, 2023

Eister There are many myths about revenue management, but there are five we hear most often. Myth #1: Revenue management is only essential when business is booming. Revenue management is a fundamental part of business, especially in such a dynamic industry as hospitality. By Craig V.

Revenue Management 64

Revenue Management Revenue Management Forecasting 64

Catala Consulting

NOVEMBER 18, 2023

Introduction This new focus acknowledges that while revenue is crucial, it is the profitability that ultimately determines a hotel’s financial health and success. Profitability management encompasses a broader perspective, considering factors like cost control, efficient resource utilization, and value creation for guests.

Revenue Management 52

Revenue Management Revenue Management Hotels 52

STAAH

APRIL 16, 2024

Hoteliers need to employ smart strategies to optimize revenue and profitability. One of the most powerful tools in their arsenal is a robust Revenue Management Solution (RMS). This enables hoteliers to adjust room rates dynamically to maximize revenue based on current market conditions.

Revenue Management 79

Revenue Management Revenue Management Forecasting 79

Hospitality Net

JULY 3, 2023

Accurate measurement of performance indicators is essential for effective decision-making in restaurant operations, with revenue and yield management playing a crucial role. Kimes and Chase (1998), Kimes (1999) and Kimes et al. Kimes and Chase (1998), Kimes (1999) and Kimes et al.

Yield Management 177

Yield Management Revenue Management Revenue Management 177

Catala Consulting

JANUARY 8, 2024

Introduction Revenue Management Systems (RMS) are the cornerstone of modern hospitality and travel industries. The Beginnings: 1970s and 1980s Origin in Airlines : The concept of Revenue Management originated in the airline industry post-deregulation. They primarily helped in setting room rates and managing reservations.

Revenue Management 52

Revenue Management Revenue Management Forecasting 52

TravelNet

JUNE 22, 2023

All reasons why employing a dynamic revenue management strategy is critical to maximizing revenue and retaining owners during this extremely competitive environment. Can you maintain an effective revenue management strategy without software? This is the science behind revenue management.

Revenue Management 52

Revenue Management Revenue Management ROI 52

Hotel Management

MAY 2, 2023

APAC Revenue Management Summit 2023 – “Unstoppable” May 23 and 24 Are you looking to take your revenue management skills to new heights? Look no further than the APAC Revenue Management Summit , the must-attend conference for hospitality and tourism operators.

Revenue 130

Revenue Revenue Management General Manager Forecasting 130