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. Get your copy here.

Revenue Management 130

Revenue Management Revenue Management Hospitality 130

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

MAY 16, 2023

Hotels are preparing for a busy summer of leisure travel, and for resort hotels across the industry, success during this period will be determined by their ability to improve ancillary revenue from across their property.

Ancillary Revenue 245

Ancillary Revenue Revenue Operations Resorts 245

Demand Calendar

JULY 22, 2024

Or do you streamline your operations, optimizing every cost to ensure profitability despite the lower revenue? Whether aiming to boost revenue or enhance operational efficiency, understanding these approaches will empower you to make informed decisions that drive your hotel's success.

Revenue 90

Revenue Operations Forecasting Sales 90

Hospitality Net

AUGUST 30, 2024

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.

Revenue Management 289

Revenue Management Revenue Management Operations 289

Hospitality Net

JULY 21, 2023

As HVS associates travel nationwide and experience new hotels, or newly renovated and revitalized properties, we are seeing many owners creating innovative ways to generate revenue. This article lists just a few ways we’ve recently come across.

Revenue 242

Revenue Operations Hotels Travel 242

Hospitality Net

AUGUST 21, 2024

When it comes to optimizing your hotel’s sales and catering operations, real-world examples speak volumes about the efficacy of advanced technological solutions.

Sales 243

Sales Operations Revenue Management 243

Hospitality Net

MAY 22, 2024

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.

Operations 245

Operations Management Revenue Hotels 245

Hospitality Net

APRIL 23, 2024

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.

Revenue Management 245

Revenue Management Revenue Management Operations 245

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

Lodging

JUNE 18, 2024

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.

Revenue Management 264

Revenue Management Revenue Management Resorts 264

Hospitality Tech

JULY 18, 2024

Learn about the technologies now available to empower hotels to navigate operational challenges, bolster cybersecurity defenses, and implement revenue-driving strategies.

Revenue 103

Revenue Operations Hotels 103

Hospitality Net

AUGUST 27, 2024

WISCO Hotel Group has made a strategic leap forward in enhancing efficiency and maximizing event revenue by incorporating cutting-edge technology from SalesAndCatering.com.

Revenue 240

Revenue Operations Events Sales 240

Hospitality Net

JULY 26, 2024

Revenue also rose by 11% y-o-y, reaching S$386.4 The increase was mainly on the back of sustained lodging demand and stronger operating performance. On a same store basis, gross profit and revenue increased by 3% and 4% y-o-y respectively.

Operations 245

Operations Revenue 245

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 Services 260

Hospitality Net

JULY 2, 2024

AI can improve guest experiences, personalize interactions, optimize operations, and refine revenue strategies - shifting manual tasks and spreadsheets to AI-driven decisions. FLYR’s AI-first revenue optimization platform is changing the game, introducing new pricing strategies and enhancing competitiveness.

Revenue 162

Revenue Hotels Operations Hospitality 162

Skift Blog

FEBRUARY 13, 2024

Skift Take: As TUI hits records for revenue, the tour operator highlighted its growing use of dynamic packaging and its increasing direct inventory deals with low-cost airlines and hotels. Jesse Chase-Lubitz Read the Complete Story On Skift

Revenue 237

Revenue Operations Hotels Travel 237

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

Hospitality Net

SEPTEMBER 26, 2024

Titanic Hotels, a leading hotel brand operating across Turkey and Germany, has partnered with IDeaS, a SAS company, the world’s leading provider of revenue management software and services, to optimize its revenue strategy across their German portfolio.

Revenue 130

Revenue Revenue Management Services Operations 130

Lodging

JUNE 19, 2023

Based on our February 2023 Hotel Horizons report, CBRE reports that total hotel revenue for the average U.S. hotel returned to pre-COVID levels in 2022. This occurred even though the average occupancy for U.S. hotels is not expected to exceed 2019 levels until 2026.

Occupancy 289

Occupancy Revenue Operations Hotels 289

Lodging

JUNE 12, 2023

Strong demand, coupled with strong pricing power in an inflationary environment, pushed revenues and profits beyond 2019 levels. By year’s end, total revenue per available room (TRevPAR) reached $202.23, and gross operating profit per available room (GOPPAR) was $73.70

Revenue 278

Revenue Operations Hotels Market 278

Hotel Management

OCTOBER 8, 2024

Independent hotel operator La Vie Hotels and Resorts has appointed experienced hotel executive Marcus Hanna as Chief Operating Officer, amid a major expansion of the group. Xu said that Hanna’s experience in hotel operations, working with owners and exceptional leadership talent will be pivotal in driving the group’s success.

Operations 147

Operations Resorts Management Travel 147

Lodging

MAY 20, 2024

Revenue optimization has long been a property-defining role for hotel organizations, yet revenue professionals can often feel distant from the hotels they work with. Recognizing and elevating the people behind a hotel’s revenue performance is as vital as it is challenging.

Revenue 147

Revenue Hotels Revenue Management Operations 147

Hospitality Net

APRIL 19, 2024

With 40% of Americans saying they plan to travel even more in 20241, there is a massive opportunity for hotel owners and operators to drive even more revenue by leveraging ancillary offerings. By now, you’re likely familiar with the concept of ancillary revenue in the hotel industry — it’s not just about selling products.

Ancillary Revenue 237

Ancillary Revenue Revenue Travel Operations 237

Hotel Management

NOVEMBER 21, 2024

Locally-owned and operated, Capstone continues to go from strength to strength with new property openings, strategic partnerships and the opening of a second office in Auckland. More hotel owners are recognising the advantages of maintaining operational control while leveraging the marketing and distribution power of established brands.

Operations 130

Operations Hotels Management Branding 130

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. Get your copy here.

Revenue Management 130

Revenue Management Revenue Management Hospitality 130

Lodging

NOVEMBER 16, 2023

Artificial intelligence (AI) is revolutionizing the hospitality industry by optimizing operations, improving quality and safety, and enhancing the guest experience. AI’s rapid growth can help hospitality brands analyze complex data to make more informed decisions, advance forecasting, increase revenue, and more.

Operations 173

Operations Hospitality Forecasting Revenue 173

Hospitality Net

MARCH 26, 2024

Each one has been developed to positively impact operational efficiency and revenue for operators at the back end, whilst at the same time enhancing the guest experience to encourage orders and loyalty at the front end.

Upsell 240

Upsell Revenue Operations Hospitality 240

eHotelier

MAY 16, 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.

Revenue 52

Revenue Operations Revenue Management Business 52

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

Hospitality Net

APRIL 20, 2023

To help operators better engage with guests, address labor concerns, and drive revenues, Hotel Communication Network was there to introduce its NEW Navigator 2.0 in-room tablet.

Operations 246

Operations Revenue Resorts Management 246

HotStats

NOVEMBER 13, 2024

Despite some uneven performance, particularly across regions, a clear recovery is taking shape, with the Southern United States emerging as a stronghold for revenue flow-through and profitability. Here’s a closer look at how the industry is adapting to shifting guest demands, inflationary pressures, and evolving revenue sources.

Revenue 98

Revenue Operations Hotels Services 98

Hospitality Net

JUNE 20, 2024

Under the agreement, Nonius’ cutting-edge platform integrates with the renowned Unifocus operations management system, enabling a holistic, guest-first approach to enhancing guest experiences, driving operational efficiencies and revenue uplift.

Operations 130

Operations Revenue Hotels Management 130

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

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

Skift Blog

NOVEMBER 7, 2024

Tours, experiences, and transportation operators can increase revenue and simplify their operations by scaling a holistic offering from end to end through a single platform. Anchor Operating System Read the Complete Story On Skift

Scale 248

Scale Events Operations Revenue 248