Hospitality Net

MAY 2, 2024

In a significant development, the Australian Revenue Management Association (ARMA) - a major peak body representing revenue and yield management in the hospitality and tourism industry - has officially endorsed Intellisoftware Pty Ltd’s AI-driven Revenue Management System (RMS) Hotel RevBoost as part of a broader strategic partnership with the company. (..)

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Hospitality Net

MAY 28, 2024

For some hoteliers, a Revenue Management System (RMS) seems like the ticket to higher occupancy and room rates. 1) Rule-based RMS: this type can be used by anyone without experience in revenue management as it trivializes the discipline, so this one doesn’t r. Get the software, input some data and away you go.

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Hospitality Net

JUNE 1, 2023

As a large majority of hotels have adopted some sort of dynamic pricing for their rooms, the next evolution of revenue management is moving beyond rooms, and many leaders have adopted total revenue management strategies for a more holistic approach.

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Hospitality Net

JUNE 6, 2024

Since the early days revenue management has been applied in hotels, there has been an intriguing ongoing discussion. What drives more value to the business, ADR, average daily rate, or occupancy?

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Revenue Management Average Daily Rate Occupancy Revenue 246

Hospitality Net

OCTOBER 31, 2024

Revenue management is evolving rapidly, with new challenges and opportunities emerging at every turn.

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Lodging

OCTOBER 23, 2024

This and other closely related headwinds around the globe have led hoteliers to make difficult decisions regarding their budgets, and they are relying on technology to determine where to strategically reallocate resources […] The post Leveraging Revenue Management Technology to Decide What Stays and What Goes appeared first on LODGING Magazine. (..)

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Hospitality Net

OCTOBER 16, 2023

Revenue management has a bad reputation in some ways because it focuses on room rates. A new hotel to some is just another place some travelers cannot afford to stay.

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Hospitality Net

MAY 31, 2023

IDeaS, a SAS company, the world’s leading provider of hospitality revenue management software and services, has been selected as the preferred RMS provider to Park Plaza Hotels Europe (PPHE Hotel Group) in Europe.

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Hospitality Net

APRIL 4, 2024

Intellisoftware Pty Ltd, a leading Australian start-up in the Artificial Intelligence (AI) space has today unveiled a new wide-ranging strategic partnership with the Australian Revenue Management Association (ARMA) - a peak industry body active in the hospitality and tourism sectors focused on elevating the standards of revenue and yield management (..)

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Hospitality Net

SEPTEMBER 12, 2024

IDeaS Revenue Solutions, the world’s leading provider of advanced revenue management software (RMS) and services, announced that it is expanding its industry-leading suite of revenue management solutions to the cruise industry through a partnership with Virgin Voyages.

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Hospitality Net

AUGUST 17, 2023

RMS Cloud, a leading provider of cloud-based property management systems, and Atomize, an innovative revenue management platform, are thrilled to announce their strategic integration, ushering in a new era of hotel revenue management.

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Hospitality Net

SEPTEMBER 6, 2023

IDeaS, a SAS, company, the world’s leading provider of hotel revenue management software and services, released a special report in line with industry budget season.

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Revenue Management Revenue Management Hotels 244

Hospitality Net

APRIL 26, 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.

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Hospitality Net

AUGUST 15, 2024

Technology has undeniably brought a world of convenience to revenue management. The following is an excerpt taken from SiteMinder’s blog. And, as we look to the future, it will take on a greater and more central role as the practice undergoes a fundamental shift.

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Hospitality Net

SEPTEMBER 17, 2024

SiteMinder, the world’s leading hotel distribution and revenue platform, is heralding a new era of revenue management for hotels with the unveiling of ‘Dynamic Revenue Plus’, the only solution for hotels to both access live market intelligence and take immediate action on their bookable inventory, pricing and distribution strategy.

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Hospitality Net

AUGUST 24, 2023

In the ever-evolving hospitality industry, revenue management plays a crucial role in maximizing profitability and ensuring sustainable growth for hotels.

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Revenue Management Revenue Management Market Share 246

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

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Hospitality Net

OCTOBER 9, 2023

EHL Graduate School in Lausanne is excited to announce an exclusive course titled "Achieving Profitable Growth in Hospitality with Revenue Management Strategy" scheduled for Monday, November 13, 2023.

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Skift Blog

JUNE 26, 2024

Skift Take: Southwest's cut in revenue guidance for the current quarter comes just three weeks after a vocal activist investor called for big changes at the airline. Gordon Smith Read the Complete Story On Skift

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Hospitality Net

MAY 15, 2024

I was, quite literally, the first revenue manager at InterContinental Hotels Group (IHG).” When I asked Andrew Rubinacci to describe the early days of his illustrious hospitality career, his answer was one you might not expect—“I was a guinea pig,” he’ll say with a smile. “I

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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.

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Revenue Management Revenue Management Operations 289

Hospitality Net

AUGUST 21, 2023

You’ve probably noticed it, too – the increased trend towards clustering revenue management positions. Done right, it can help you manage costs, increase efficiency and boost revenue. But it comes with its own set of challenges which are mainly related to time constraints and access to high-quality, accurate data.

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Hospitality Net

OCTOBER 26, 2023

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.

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Hospitality Net

JULY 5, 2023

Many hoteliers misunderstand revenue management. They think it’s all about lower prices when it’s actually about online visibility and brand reputation.

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Hospitality Net

SEPTEMBER 12, 2023

IDeaS, a SAS company, the world’s leading provider of hotel revenue management software and services, announced today that Summerstar Tourist Parks has adopted the IDeaS’ G3 Revenue Management System (RMS) across fourteen of its Australian-based caravan and holiday park sites.

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Hospitality Net

OCTOBER 16, 2024

Today we take it easy.because it is October and we just finished budgeting!!!!

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Hospitality Net

FEBRUARY 8, 2024

However, by leveraging strategic hospitality revenue management, hotels can navigate these hurdles and even drive revenue growth in the coming year.

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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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Revenue Management Revenue Management Market Share 189

Hospitality Net

MARCH 15, 2024

We know that reputation management is important, but how involved should revenue managers be in that process? I brought this topic to the leaders of the HSMAI Revenue Optimization Advisory Board to discuss our role in reputation management. Below are our top five takeaways.

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Hospitality Net

SEPTEMBER 11, 2024

Steinhausen, Switzerland – September 10, 2024 – RoomPriceGenie, developer of an award-winning revenue management solution for hotels, is proud to announce the launch of the free, online Revenue Management Content Library, which gives independent hotels the tools necessary to boost bookings and maximise revenue.

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Revenue Management Revenue Management Hotels 189

Hospitality Net

APRIL 23, 2024

In 2023, The Club of Revenue Management by Radisson Hotel Group (“The Club”) achieved remarkable milestones, making it a year of unparalleled success.

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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.

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Hospitality Net

JULY 22, 2024

They delved into the evolving landscape of revenue management, the shift to cloud-based solutions, and the transformative role of AI in the hospitality industry. At HITEC 2024, Simone Puorto interviewed Klaus Kohlmayr, Chief Evangelist and Development Officer at IDeaS.

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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.

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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

NOVEMBER 13, 2024

It is that time of the year. Easter bunny gone, snow around the corner before the big slightly chubby guy in red comes down the chimney to give us presents.

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Revenue Management Revenue Management 237

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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