Hospitality Net

MAY 3, 2024

In a virtual roundtable discussion hosted by HSMAI Europe on Thursday last week, senior revenue management executives gathered to delve into the evolving landscape of Creating a Total Revenue Management (TRM) Culture in the hospitality sector.

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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.

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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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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

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.

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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

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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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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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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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.

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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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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

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

MARCH 5, 2024

Messe Berlin) IDeaS, a SAS company, the world’s leading provider of hospitality revenue management software and services, announced today the release of G3 RMS Portfolio Navigator, the next innovation in multi-property revenue management. ITB Booth #110 Hall 8.1

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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

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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eHotelier

NOVEMBER 3, 2024

Optimal resort revenue management requires organizations to look beyond the guestroom as they seek to maximize revenue. Ideally, resort hoteliers need to understand which guests are likely to spend the most overall during their stay—and even better, understand which guests are most profitable.

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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

JUNE 17, 2024

Managing hotel revenue is key to business success and profitability. Understanding these biases and their effects on revenue strategies is crucial for hotel managers who want to maximize their revenue. However, cognitive biases can lead to less-than-ideal decisions.

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Hospitality Net

OCTOBER 23, 2024

Singapore, 24/October/2024: Hotelogix, a globally leading cloud-based hospitality technology provider, announced a groundbreaking partnership with ZUZU Hospitality, a leading provider of revenue management solutions.

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Lodging

AUGUST 8, 2024

Revenue management in the hotel industry has become a science over the last few years with pricing strategies that increasingly factor in supply/demand fluctuations and the development of automated revenue management systems (RMSs).

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Are Morch

MAY 3, 2024

Hotel and resort businesses become more profitable when they earn more revenue regularly. You can do the same for your hotel by setting the right revenue management strategies. If so, you’re on the wrong track.

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Hospitality Net

JUNE 19, 2024

As a seasoned revenue manager and a parent, I’ve come to realize that the principles of revenue management aren’t confined to the boardroom or the hotel lobby—they extend right into our living rooms.

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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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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 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

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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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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Hospitality Net

JUNE 13, 2024

Meanwhile, the revenue management team is diligently fine-tuning pricing strategies to optimize profits. That is until occupancy rates falter or revenues don’t meet expectations, then the fingers begin to point. Picture this: Marketing campaigns are in full swing, beautifully crafted, and meticulously executed to entice guests.

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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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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

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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eHotelier

OCTOBER 15, 2024

Revenue management for Mille Club properties is diametrically opposite to that of their lower-priced brethren. Luxury consumers are agnostic to minor price differences, while competitive sets are difficult, if not impossible, to define as they lack close geographic parameters.

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Hospitality Net

NOVEMBER 11, 2024

Appart’City, France’s leading aparthotel operator, has partnered with IDeaS, a SAS company and world’s leading provider of hospitality revenue management software and services, to optimise revenue management decisions and automate related processes across its portfolio of 90 properties.

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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

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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