Hospitality Net

NOVEMBER 26, 2024

Today’s hospitality revenue managers are navigating an increasingly complex environment, one shaped by shifting consumer preferences, regional nuances, and mounting competition from short-term rentals. where revenue per available room (RevPAR) growth in 2024 is projected to be just 1.2 percent.

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Lodging

FEBRUARY 14, 2025

NEW YORKInfor announced the release of its new revenue management solution (RMS) for the hospitality sector. The platform is designed to change how hotels and resorts optimize their pricing strategies and manage revenue in a complex, AI-driven market.

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Hospitality Net

FEBRUARY 10, 2025

Weve been big proponents of breaking down silos and building alignment among commercial teams, and really that thinking should be expanded to include marketing.

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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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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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Hospitality Net

FEBRUARY 14, 2025

Infor, a global leader in business cloud software specialized by industry, today announced the release of its new Revenue Management Solution (RMS) for the hospitality sector.

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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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eHotelier

FEBRUARY 22, 2023

Here are recommendations to help hotels effectively implement total revenue management using market segmentation strategies to improve their overall performance and maximize their revenue and profitability.

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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.

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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.

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Hospitality Net

OCTOBER 3, 2024

Renowned for its Bachelor’s programmes, DTC has also been offering short course Public Programmes in culinary arts and hospitality management for the past decade.

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Hotel Management

JANUARY 21, 2025

Choice Hotels Asia-Pac is introducing mandatory revenue management training for franchisees as part of its brand standards to drive performance and consistency across the network. The post Choice partners with ARMA on revenue management training for franchisees appeared first on Hotel Management.

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Refine

NOVEMBER 16, 2024

It’s an antiquated idea that revenue management works independently from sales and marketing. When the revenue-generating departments work together on shared goals, they can contribute to a fatter bottom line. Each department impacts the other and influences the hotel’s overall profitability.

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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. The ongoing legalization of gambling-related activities, however, has fueled growth in the commercial and tribal casino industry over the past few decades.

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Hospitality Net

JULY 18, 2023

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.

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STAAH

APRIL 23, 2024

As technology continues to evolve, so do the strategies and innovations within revenue management. Let’s delve into some of the key trends shaping the future of revenue management in the hotel industry: 1.

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Hospitality Net

NOVEMBER 6, 2023

Duetto, the hospitality industry’s #1 Revenue Management Software (RMS), has announced today that Advance, its real-time, dynamic revenue optimization solution, unveiled at ITB in March, is now available to hotels around the world.

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Hospitality Net

APRIL 5, 2024

For those of you who have not been part of the very first newsletter: It all started with Rafa, Haydo, Sab and me hitting the flea market, and the kids using tech to get an edge. You can read the vintage story: Here.

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Hospitality Net

OCTOBER 20, 2024

Duetto, the world’s leading revenue management software provider for the hospitality industry, is proud to announce its further expansion into North Asia.

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Hotel Business

JUNE 12, 2024

Every hotel has a revenue management strategy. For some, revenue management systems—and there are numerous platforms to choose from—guide the pricing decisions based on various data points. We need to market to those who are interested in all of our services.

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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?

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Hospitality Net

NOVEMBER 5, 2024

SiteMinder, the world’s leading hotel distribution and revenue platform, unveiled the winners of the 2024 SiteMinder Partner Awards during a ceremony at WTM London, recognising businesses across five continents that have successfully simplified an increasingly-complex landscape for hoteliers.

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SiteMinder

APRIL 25, 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. The exact genesis of yield management (now revenue management) in the hospitality sector is hotly debated,” says Stuart-Hill. “The

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SiteMinder

JULY 13, 2024

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?

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Hospitality Net

JUNE 6, 2024

Accommodation providers can be similarly enthusiastic about the events highlighted in this blog post, as they are taking their local markets to huge points of revenue-generating potential. Travelers, revelers and culture lovers are dusting off their beloved band t-shirts and scanning show schedules to find their favorite artists.

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Hotel Management

MARCH 25, 2024

Intellisoftware will also gain a seat on ARMA’s Skills Council to provide input for ARMA’s nationally recognised and accredited VET qualification in revenue and yield management launching this year.

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Tambourine

DECEMBER 17, 2024

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.

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Hospitality Net

DECEMBER 12, 2023

A recent study by Regional Research Reports concluded that in 2022, the global Hotel Revenue Management Systems (RMS) market was valued at millions of USD and was projected to reach multi-millions of USD by 2033. And there are reasons we’re seeing such a rapid rise in demand: Next-generation RMSs.

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Hospitality Net

AUGUST 30, 2024

Although hotel departments have historically operated in silos, the way consumers interact with hotels nowadays highlights the increased need for consolidation into a comprehensive commercial strategy – where everyone from front office staff to revenue management, sales, and marketing are aligned towards delivering the best experiences to guests and (..)

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Hospitality Net

AUGUST 1, 2024

Traditional revenue management concepts in the hospitality industry have evolved significantly in recent years due to technological changes, consumer behavior, and market dynamics.

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Hotel Speak

FEBRUARY 1, 2024

The annual Duetto Revenue Management Trends & Predictions Survey results are in! More than half, 57.1%, said revenue management was more important to their business than the previous year. are currently using a revenue management system (RMS), up from 82.3% This is the third annual survey from Duetto.

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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.

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Lodging

JULY 18, 2024

Last month, GrowthCurve Capital acquired Duetto, a leading provider of revenue management software for the hospitality industry, from affiliates of Warburg Pincus and other shareholders.

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Hospitality Net

AUGUST 28, 2024

Back in the day as a revenue manager, I’ve spent years immersed in data, strategies, and market trends. Yet, one of the most impactful lessons I’ve encountered recently didn’t come from a spreadsheet or a strategy session. It came from a family trip to Milan and an unexpected reminder of the power of persistence.

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Lodging

JUNE 7, 2024

COLUMBUS, Ohio—Red Roof promoted Lisa Jordan to vice president of marketing. With nearly 20 years in the hospitality industry, Jordan joined Red Roof in 2021 to lead an integrated digital marketing team. I […] The post Red Roof Promotes Lisa Jordan to Vice President of Marketing appeared first on LODGING Magazine.

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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?

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SiteMinder

SEPTEMBER 17, 2024

Unlike revenue management systems that have traditionally been accessible to a limited number of hotels, the dual capability within Dynamic Revenue Plus means any hotel can, for the first time, use one, mobile-first system to optimise their revenue based on market demand.

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