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. Therefore, in addition to watching costs, hotels need to re-evaluate their wholesale and tour operator contracts. Now is the time for dynamic pricing across all channels.

Revenue Management 101

Revenue Management Revenue Management Operations 101

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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Revenue Management Revenue Ancillary Revenue Management 93

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 97

Revenue Operations Revenue Management Upsell 97

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.

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Revenue Management Forecasting Revenue Services 263

Catala Consulting

OCTOBER 7, 2024

One key strategy emerging as a game-changer is data-driven revenue management. This approach combines advanced algorithms with real-time data analysis to set optimal pricing, increase efficiency, and maximise revenue potential. Teams would spend hours calculating room rates, tracking competitors, and forecasting demand.

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Revenue Management Revenue Management Occupancy 52

Hospitality Net

JULY 3, 2024

G3 RMS provides DerbySoft with scientific pricing, forecasting, and rate availability decisions at the room type and rate code level to drive optimal revenue performance across guest categories. Properties can benefit from this integration in many ways, including:

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Revenue Management Forecasting Revenue Services 246

Hotel Business

JULY 12, 2023

by Blake Madril Profit optimization has proven itself to be one of the powerful differentiators in the hospitality industry, but many success stories tend not to feature limited- and select-service hotels. Despite this, the user base for this technology among select-service operators continues to increase dramatically.

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Xotels

APRIL 3, 2024

We have written extensively about hotel revenue management strategies and tactics here throughout the years. As strategy is one of the most essential parts of revenue management, we have made a summary of all the top advice from our perspective as a hotel revenue management consulting company.

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Revenue Management Revenue Management Ancillary Revenue 76

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.

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Revenue Management Revenue Management Events 82

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’.

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Revenue Management Revenue Management Accommodation 98

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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Revenue Management Revenue Management Hotels 83

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.

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Revenue Management Revenue Management Forecasting 59

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.

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Revenue Management Revenue Management Forecasting 52

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.

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Revenue Management Revenue Management Upsell 52

Hotel Business

SEPTEMBER 10, 2024

Stonebridge Companies LLC , a Denver-based hotel management company, has promoted Chris Cheney to SVP, commercial services. Cheney joined the company in 2007 and served as a GM at multiple assets from Alaska to Colorado before joining the corporate team in 2011 as director of revenue management.

Services 59

Services Revenue Management Market Share Revenue 59

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?

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Revenue Management Revenue Resorts Management 52

Hotelogix

JULY 11, 2024

In this blog, we will delve into different aspects of hotel revenue management and explore top tips and tricks to help you optimize your hotel’s revenue potential.    What is Revenue Management in Hotels?

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Revenue Management Revenue Management Hotels 52

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.

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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.

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Revenue Management Revenue Management Services 260

Hospitality Net

AUGUST 5, 2024

Technology – like automated check-in kiosks, mobile room keys, AI-driven customer service chatbots, booking and ancillary revenue management software, and payment systems – saves us time, reduces costs, increases revenue, reduces stress, and streamlines operations in ways we couldn’t have imagined a couple of decades ago.

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Ancillary Revenue Revenue Management Revenue Services 203

STAAH

OCTOBER 15, 2024

The right software is a game-changer for hotel success, shaping everything from operational efficiency to guest satisfaction. As technology continues to advance, hotels have transformed the way they manage daily tasks and interact with guests. Let’s take a look at some essential software solutions every hotel should consider.

Operations 84

Operations OTA Overbooking Revenue 84

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.

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Revenue Management Revenue Management Market 52

Xotels

SEPTEMBER 13, 2024

As a leader in revenue management consulting , we’re always at the forefront of what is happening in the hotel industry ─ and keeping a close eye on how revenue management trends keep evolving. While questions like “What are the top trends in revenue management for 2024?”

Revenue Management 40

Revenue Management Revenue Management Ancillary Revenue 40

Xotels

SEPTEMBER 13, 2024

As a leader in revenue management consulting , we’re always at the forefront of what is happening in the hotel industry ─ and keeping a close eye on how revenue management trends keep evolving. While questions like “What are the top trends in revenue management for 2024?”

Revenue Management 40

Revenue Management Revenue Management Ancillary Revenue 40

Hospitality Net

JUNE 24, 2024

DerbySoft, the 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.

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Revenue Management Revenue Services Operations 130

Catala Consulting

NOVEMBER 18, 2023

It’s a strategic shift from viewing rooms as the primary source of income to understanding the hotel as an ecosystem where various elements like amenities, services, and customer experience play a vital role in generating profit. As the industry evolved, so did the concept of revenue management.

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Revenue Management Revenue Management Hotels 52

eZee Absolute

MAY 7, 2024

But hotel revenue management can be your secret wand. Revenue management is about more than just the right pricing. It’s about knowing what guests need, predicting bookings, and adjusting rates to make more revenue. In the ever-competitive world of hospitality, staying ahead can be a real challenge.

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Revenue Management Revenue Management Upsell 52

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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Revenue Management Revenue Management Market 59

TravelNet

JUNE 22, 2023

After two years of incredible demand and higher than average rates, the landscape is shifting just as travelers are becoming more cautious with their wallets and more discriminating about service and value. Can you maintain an effective revenue management strategy without software? This is the science behind revenue management.

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Revenue Management Revenue Management ROI 52

eZee Absolute

AUGUST 29, 2023

But the one thing that is always constant is the day-to-day operations that define your guest experience. With countless operations starting from housekeeping to revenue management, hoteliering is a hectic task and the essence of perfection is often lost. This is where hotel improvement ideas come in. Let’s jump right in.

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Operations Revenue Management Hotels Revenue 91

SiteMinder

OCTOBER 26, 2023

Dallas, USA – 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. It can literally cost us millions.

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Revenue Management Revenue Resorts Management 81

Hospitality Net

SEPTEMBER 6, 2024

Staying ahead of guest expectations and operational challenges is not just an option—it’s a fundamental necessity. The Property Management System (PMS) is crucial in achieving this. Upgrading to a state-of-the-art PMS is crucial for a hotel’s digital transformation and overall success.

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Revenue Management Operations Revenue Services 130

STAAH

OCTOBER 13, 2024

In addition to smart revenue management features, STAAH also provides detailed analytics on channel performance and key insights that ensure properties are making data-based decisions on rates. The result is directly evident on the bottom line.

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Resorts Operations Shopping Revenue 101

STAAH

OCTOBER 25, 2022

From irregular demand patterns to changing distribution mix and a depleted talent, here’s a roundup of challenges faced by revenue managers from India right now. The STAAH team went out to leading revenue managers from India to understand what are the biggest challenges they are facing. Forecasting and budgeting.

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Revenue Management Revenue Management Forecasting 76

SiteMinder

JANUARY 21, 2024

Catering to a diverse range of services and boasting an extensive dining selection, bai Hotel Cebu is the go-to destination for those seeking a luxurious staycation or planning a business trip. In its six years of operation, bai Hotel Cebu has consistently prioritised providing outstanding service without unnecessary hassle.

Operations 98

Operations Revenue Revenue Management Hotels 98

Lodging

MAY 8, 2024

The property management system (PMS) may be considered the “Swiss Army knife” of hotel management software, with multiple basic functions including reservations and website booking, revenue management, customer data collection, reporting and analytics, front- and back-office services, and point-of-sale services.

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Revenue Management Services Revenue Sales 162

Hotel Business

JANUARY 16, 2024

Wurzak Hotel Group has expanded its services to include third-party hotel management services for additional ownership groups in strategic markets. “We have historically focused on managing hotels for a select group of owners,” Jake Wurzak, co-CEO of Wurzak Hotel Group (WHG).

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Services Management Target Marketing Operations 64