Revenue Hub

APRIL 17, 2024

NB: This is an article from LodgIQ , one of our Expert Partners Subscribe to our weekly newsletter and stay up to date Your legacy Revenue Management System (RMS) may have served you well in the past, but the old systems aren’t sophisticated enough to keep your hotel competitive. was created to perform human tasks faster.

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STAAH

APRIL 2, 2024

Top 5 Reasons to Use a Revenue Management Solution for Hotels 5 Bonus Tips for Maximizing the Effectiveness of Revenue Management Solution (RMS) in Boosting Hotel Profit. Revenue Management Systems (RMS) for hotels are advanced tools that use analytics and pricing strategies to boost revenue. How Do They Work?

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eZee Absolute

MAY 13, 2024

Well, the answer lies in how well you’re using your Hotel Revenue Management System (RMS) reports. RMS reports are like secret weapons for hoteliers. Don’t worry, this blog post will be your guide to understanding the top RMS reports every revenue manager needs to know.

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Modern Restaurant Management

JULY 25, 2023

Artificial intelligence (AI) isn’t new, but suddenly it’s everywhere. Our Revenue Management Solutions (RMS) team believes AI falls into the latter category. Complemented by expert human intelligence, RMS enables operators to experiment and track changes over time, gaining valuable insights into customer behavior.

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Hospitality Net

MARCH 25, 2024

In a significant move to enhance revenue opportunities for property managers, RMS Cloud is excited to announce its partnership and successful integration with Vrbo, a global leader in vacation rental marketplaces. This collaboration marks another milestone in delivering innovative solutions to property managers and guests worldwide.

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Property Management 52

Boutique Hotel News

FEBRUARY 2, 2023

This includes six years in sales and business development positions with companies such as Booking.com, Guestline and RMS Cloud. The central focus of his new role will be to strengthen RoomRaccoon’s sales development and provide a direct service to independent hoteliers , B&Bs and apartment owners in the UK and Ireland.

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Revenue Hub

JANUARY 25, 2024

Hi, welcome to another Expert Partner discussion Today we are joined by Rhiannon Bach who is the new Director of Sales North America for Atomize , one of our Expert Partners Rhiannon’s background is hospitality through and through, with a strong background in marketing and general management with some of the worlds best known casino and hotel brands (..)

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Modern Restaurant Management

OCTOBER 9, 2023

Using the QSR traffic and sales data Revenue Management Solutions (RMS) has been gathering for 25-plus years, our analysts recently completed an exhaustive comparison of pre and post-pandemic data, comparing the first two quarters of 2022 and 2023 to the same period in 2019.

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Revenue Hub

DECEMBER 6, 2023

Now, we’re not talking about simply augmenting a traditional RMS with an AI functionality added to a legacy system. What we’re looking at is a new type of RMS built with AI from the beginning. A traditional RMS – simply cannot handle the load. But your RMS doesn’t have to be.

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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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Property Management 97

Lodging Magazine

OCTOBER 26, 2022

Major hoteliers across the industry can point to investments in technology and new operating practices as a key enabler in their recovery over the past two years. Still, despite these advances, much of the industry continues to run without an optimal revenue management practice, or in some cases, even a revenue management system (RMS).

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Magazine 99

Hospitality Net

AUGUST 1, 2023

This set of new products is specifically engineered to empower software developers to integrate functional intelligence into various hotel applications such as a CRM, PMS, CRS, RMS, Booking Engine or Hotel Brand application.

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Book 95

Revenue Hub

NOVEMBER 1, 2023

NB: This is an article from RoomPriceGenie , one of our Expert Partners Subscribe to our weekly newsletter and stay up to date MYTH #1: Revenue management systems (RMS) are only for bigger or branded properties. MYTH #2: RMS is too expensive for my smaller property with a minimal technology budget.

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Modern Restaurant Management

SEPTEMBER 20, 2021

Even before the recent COVID surges, new vaccine mandates and other restrictions, the analysts at Revenue Management Solutions advised their restaurant clients that online ordering was here to stay. So how can restaurant operators increase the profitability of online menus? Suggestive Selling. 4) Confirmation: Respondents completed checkout.

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Marketing 197

Revenue Hub

JULY 11, 2023

Embarking on a new hotel venture is a complex yet thrilling endeavor. This article delves deeper into practical revenue optimization strategies for new hotels and underscores the crucial role that a Revenue Management System (RMS) plays in steering financial success.

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Hospitality Net

JUNE 21, 2023

IDeaS, a SAS company, the world’s leading provider of hospitality revenue management software and services, announced today new capabilities for G3 RMS.

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Hospitality Net

MAY 17, 2023

April 2023 - iVvy, the leading cloud-based venue management software, has announced a new integration partnership with RMS, the trusted property management solution for hospitality businesses.

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Property Management 93

Revenue Hub

JUNE 21, 2023

I spend most of my time speaking with hoteliers around the world about their revenue management strategy, whether they have a Revenue Management System (RMS) or not, and one topic that comes up often is: “How should I integrate my competitors’ rates into my revenue strategy?” So how does this 80% manage revenue? It’s a lot of data!

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Revenue Hub

JANUARY 25, 2024

Indeed, a growing number of hotels and hotel chains have been looking to reap the rewards of an AI-driven revenue management system (RMS) to optimize their pricing strategies. In many of the older RMS systems, they typically have to run for a minimum of three months in order to generate useful recommendations.

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Modern Restaurant Management

APRIL 12, 2022

But the industry has a new problem: inflation. RMS just released our latest findings around consumer sentiment for Q1 , which revealed, among other things, that price is starting to matter—and not by an insignificant amount. According to the US Department of Agriculture, the food away from home index rose 6.8 ”

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Revenue Hub

OCTOBER 14, 2022

Considering adopting a revenue management system (RMS) for your hotel business? Keep on top of what’s happening in the market with our future predictions for 2022-2023 and the trends that we think will shape the RMS landscape in the year ahead. An RMS, working with other pieces of the tech stack puzzle, is designed to do just that.

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Revfine

OCTOBER 7, 2023

Revenue management systems (RMS) are a new way of working for the vast majority of hotels – in fact, for most, this kind of software was not even an option before. But times are changing.

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Property Management 72

Revenue Hub

OCTOBER 27, 2022

Major hoteliers across the industry can point to investments in technology and new operating practices as a key enabler in their recovery over the past two years. Still, despite these advances, much of the industry continues to run without an optimal revenue management practice, or in some cases, even a revenue management system (RMS).

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Hospitality Net

JUNE 27, 2023

Duetto, the hospitality industry’s #1 Revenue Management System (RMS), is giving hoteliers the chance to test drive its new CommandCenter business intelligence dashboard at its booth at HITEC Toronto this week.

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Hotel Business

FEBRUARY 29, 2024

Accor has chosen IDeaS as its global revenue management software (RMS) provider for its global brand portfolio of more than 5,600 hotels in more than 110 countries. ” The post Accor chooses IDeaS for global RMS appeared first on hotelbusiness.com.

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Revenue Hub

OCTOBER 12, 2022

Join the C-Suite executives from leading RMS developers worldwide to discover the future of revenue management – and what it will take to make your property profitable today, tomorrow and years into the future! Once a property has an RMS, what other ways can they differentiate themselves and drive bookings? Why or why not?

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Modern Restaurant Management

SEPTEMBER 16, 2020

Since April, our team at Revenue Management Solutions (RMS) has been asking consumers how they are interacting with restaurants. Everything has changed, but customers are settling into new rhythms. In RMS’ third consumer survey assessing US consumers’ attitudes toward dining , fielded Aug. Chief among those habits?

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Hotel Business

MARCH 29, 2023

IDeaS , a SAS company, has introduced Automated Configuration for its G3 revenue management system (RMS), decreasing the initial configuration of G3 from weeks to as little as one day, depending on client needs and requirements. The post IDeaS launches Automated Configuration for G3 RMS appeared first on hotelbusiness.com.

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Revenue Hub

DECEMBER 11, 2023

Moreover, the tools of the trade, predominantly the Revenue Management Systems (RMS), are currently aligned with the traditional approach, primarily focusing on filling rooms efficiently. This gap highlights an urgent need for innovation and a revival of the Property Management System (PMS) as a critical tool in this new era.

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Duetto Cloud

SEPTEMBER 15, 2022

Considering adopting a revenue management system (RMS) for your hotel business? First, you must identify what you most want to achieve from your new technology. Are you investing in an RMS to drive more revenue? Or are you hoping to forecast more accurately? Are operational efficiencies a key driver for you?

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Revenue Hub

DECEMBER 15, 2022

Most out-of-towners look to immerse themselves in the city’s culture and history to get a more intimate feel of a new place. Use an Effective Revenue Management System (RMS) to Manage Rates Efficiently. Most hoteliers use revenue management (RMS) software to determine the best prices for their rooms.

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Revenue Hub

FEBRUARY 8, 2024

Subscribe to our weekly newsletter and stay up to date Kris, Nick and Marco also look at the evolving nature of the hotel industry, the challenges faced by traditional revenue managers, and the potential impact of new entrants and changing guest expectations.

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Revenue Hub

SEPTEMBER 14, 2023

Given its AI backbone, ChatGPT can adapt to new information and learn from interactions with humans. These deep insights allow the RMS to make optimal rate recommendations and highlight interesting developments. That means letting your AI-powered RMS set rates for you automatically.

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Hotel Business

MARCH 25, 2024

In her new role, Kunduri will head up the software product delivery functions within Choice’s technology team in support of its portfolio of hotel brands, revenue management, membership rewards and more. In 2021, Choice launched the first mobile-enabled revenue management system (RMS), ChoiceMAX. Choice Hotels International Inc.

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InnQuest

FEBRUARY 1, 2023

From shifting consumer preferences to new technologies and trends, there are many things that property owners and hotel managers need to keep in mind to stay competitive and meet the needs of their guests well. Hotel managers must get creative and think outside the box when creating new and exciting offerings for their guests.

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Boutique Hotel News

NOVEMBER 9, 2022

Free PMS, RMS, website, booking engine, channel manager, and access to distributions through OTA and GDS. The company is currently in the process of finalising heads of terms on numerous properties and developments under the new hotel branding concept. Operational freedom. Select: • All Classic services.

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Modern Restaurant Management

OCTOBER 2, 2023

Focus on the Most Expensive Ingredients Restaurateurs who run an American steakhouse, a Greek gyro stand or a New England seafood shack understand that financial security hinges on focusing their waste tracking on proteins as well as specialized ingredients that have the biggest financial impact. Not so much.

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