eHotelier

MARCH 25, 2024

HotelPartner is expanding in the UK and Ireland, responding to increasing demand for a more sophisticated approach to revenue and distribution management.

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eHotelier

MARCH 10, 2024

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.

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eHotelier

JANUARY 27, 2023

Revenue management isn’t siloed, it needs to look at data across departments and understands the context for those numbers.

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eHotelier

SEPTEMBER 4, 2023

While there are initial costs associated with implementing a revenue management system, it’s important to recognize the significant potential for increased revenue, cost savings, and competitive advantages that such a system brings.

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STAAH

APRIL 23, 2024

In today’s fast-paced hospitality landscape, staying ahead of the curve is paramount for maximizing revenue potential. As technology continues to evolve, so do the strategies and innovations within revenue management.

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Pricing Presentation Marketing Information 88

eHotelier

FEBRUARY 20, 2024

Managing a profitable hotel requires a careful eye on your inventory. You don’t want to sell your rooms too early at reduced rates because such spillage can drain your revenue. However, spoilage, overbooking, and overselling can also wreck your profits.

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eHotelier

NOVEMBER 29, 2022

Each level of a hotel’s ownership and management has different needs from an RMS, it is important to understand their revenue management ‘wants’ and hear from them in their own words.

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eHotelier

AUGUST 2, 2023

Revenue management can sell a 3-star hotel room for 1000 euros a night: here’s how - Insights There’s no limit to the rack rate if the demand is there. Revenue managers use data to predict market rates, not feelings.

Marketing 246

Marketing 246

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.

Property Management 98

Property Management 98

Revenue Hub

APRIL 19, 2024

As a revenue manager, you know that assessing your hotel’s performance is crucial to staying competitive in your market. In this blog post we will explore some common benchmarking mistakes in revenue management and provide guidance on how to avoid them. This is where benchmarking comes in.

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Pricing Article Blog Budgeting 97

eHotelier

JANUARY 15, 2024

Duetto has won the #1 Revenue Management System (RMS) position in the HotelTechAwards for the third year running, the software-as-a-service company has announced today.

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eHotelier

NOVEMBER 14, 2023

Resolute Road Hospitality, announced today the addition of Andrea Pace-Mickley as Senior Corporate Revenue Manager. In her new role, Pace-Mickley will lead the company's revenue and commercial strategy, overseeing all revenue management, pricing, analytics, forecasting, and channel distribution initiatives.

Pricing 130

Pricing 130

Revenue Hub

APRIL 25, 2024

In a recent conversation I had with an asset manager who was underwriting a hotel in the metro Atlanta area, it was determined that for each incremental 50k of profit achieved, the hotel asset value went up approximately 600k. Imagine if your revenue team fully understood this.

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Article Communication Marketing 82

MEWS

MAY 17, 2023

Hostel revenue management is all about selling as many rooms and spaces as possible at the highest possible price. To achieve this, the hostel must effectively manage room availability and sell for the best price through the appropriate channels.

Pricing 130

Pricing 130

eHotelier

FEBRUARY 27, 2024

Cloudbeds, a leading provider of hospitality management software, and IDeaS, the world’s leading provider of hospitality revenue management software and services, today announced a strategic technology partnership that brings together the expertise of two industry powerhouses to deliver cutting-edge revenue solutions for accommodations providers worldwide. (..)

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Hospitality Management 130

Revenue Hub

MARCH 25, 2024

The role of the hotel revenue manager, while foundational to maximizing a hotel’s room revenue, has become increasingly operational. Revenue managers often find themselves in a tunnel-vision scenario, fixated on filling rooms to the detriment of broader revenue opportunities.

Strategic Planning 88

Strategic Planning Guest Satisfaction Article Marketing 88

Revenue Hub

FEBRUARY 27, 2024

The hotel industry buzzes with talk of “modern” revenue management, but are we truly innovating? Many discussions focus on familiar strategies like dynamic pricing, personalized offers, and the use of revenue management systems, already widely used in big cities.

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Pricing Budgeting Book Article 95

eHotelier

MAY 4, 2023

IDeaS, a SAS company, a leading provider of hospitality revenue management software and services, announced today that it has achieved Amazon Web Services (AWS) Travel and Hospitality Competency. The designation recognizes that IDeaS has demonstrated deep domain expertise in core revenue management applications.

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Revenue Hub

DECEMBER 4, 2023

This new focus acknowledges that while revenue is crucial, it is the profitability that ultimately determines a hotel’s financial health and success. The Evolution of Hotel Revenue Management In its early stages, hotel revenue management was a game of numbers – it was all about filling rooms and adjusting prices based on demand.

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Guest Satisfaction Article Pricing Information 98

eHotelier

SEPTEMBER 8, 2023

IDeaS released a special report “Unlocking Hotel Performance: The Power of Revenue Management Technology Today,” including key insights hotel investors attitudes to revenue technologies, the role of artificial intelligence in hospitality, and how technology is reshaping hospitality commercial organizations.

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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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Pricing Book Budgeting Marketing 52

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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Revenue Hub

SEPTEMBER 20, 2023

How often have you seen this at your hotel: Sales managers referring to the revenue management team as ‘the sales prevention department’ because they keep turning away their leads? NB: This is an article from Zwibak Revenue Management Front office complaining about how revenue management keeps selling low opaque rates?

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Budgeting Events Article Book 90

Revfine

APRIL 6, 2024

Data fuels the commercial operation of a property and empowers hotel Revenue Managers to make informed decisions, outpace rivals, and ultimately boost profits. When discussing data, there's no resource more crucial than your Property Management System (PMS).

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Property Management Information 87

eHotelier

APRIL 3, 2024

Here's what revenue leaders from around the world think are the trends and challenges for 2024.

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Revenue Hub

FEBRUARY 5, 2024

Properties that utilise open pricing strategies allow rates for all room types, dates, and across all hotel distribution channels to be optimised independently of one another with the primary goal of maximising revenue. Read the full article at Cvent The post Open Pricing: Reviving Hotel Revenue Management appeared first on Revenue Hub.

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Pricing Article Book Marketing 92

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

APRIL 24, 2024

In a recent conversation I had with an asset manager who was underwriting a hotel in the metro Atlanta area, it was determined that for each incremental 50k of profit achieved, the hotel asset value went up approximately 600k. Imagine if your revenue team fully understood this.

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eHotelier

MAY 2, 2023

To keep on its established trajectory for growth and profitability, President Justin Jabara promotes Heather Sanborn to corporate Director of Revenue Management effective immediately.

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Revfine

APRIL 8, 2024

Navigating the complexities of hotel revenue management isn't easy. From demand forecasting and rate negotiations to inventory management and competitor analysis, there are plenty of challenges to keep revenue managers on their toes. But technology is changing the game.

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Revenue Hub

JANUARY 9, 2024

In the world of hotel revenue management, change is the only constant. NB: This is an article from Topline Revenue , one of our Expert Partners What worked yesterday may not work today, and what you’re doing today might not work tomorrow. It’s time to face the cold, hard truth: Traditional revenue management is outdated.

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Pricing Article Marketing Book 95

Revenue Hub

FEBRUARY 21, 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 trend enables more accurate forecasting, dynamic pricing, and personalized marketing strategies, significantly enhancing revenue potential.

Guest Satisfaction 88

Guest Satisfaction Pricing Article Book 88

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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eHotelier

DECEMBER 19, 2023

While there are various factors to consider for implementation to be successful, hospitality must think outside the box if it is to tackle the labor shortage.

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Revenue Hub

FEBRUARY 20, 2024

Common hotel revenue sinkers include selling inventory too soon and too low – spillage – or not selling enough during high demand, leaving you with last-minute discounts. Discover how to avoid them and grow your revenue. It’s essential to meet or exceed your guest’s expectations to maximize your hotel’s revenue.

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Pricing Book Download Accounting 98

eZee Absolute

DECEMBER 7, 2023

Revenue management (RM) is supremely necessary for hotels. I kid you not, most of the hotels refrain from opting for any sort of revenue management services. The hotel revenue management myths that are swirling around are the real reasons hotels are so skeptical about it. Who is to blame for it?

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Budgeting Pricing Blog Information 98

Revfine

MARCH 25, 2024

A revenue management system (RMS) is a fantastic tool for attracting demand from high-value guests, driving efficient operations, improving revenue performance, and increasing profitability.

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