Hospitality Net

MAY 17, 2023

The Hospitality Sales and Marketing Association International (HSMAI) will celebrate four outstanding revenue optimization leaders during HSMAI ROC Americas in Toronto on June 28, part of HSMAI Commercial Strategy Week 2023. HSMAI will honor Andrew Rubinacci with the prestigious Vanguard Award for Achievement in Revenue Optimization.

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Revenue Hub

OCTOBER 4, 2023

In the quest to maximize your hotel’s revenue, two buzzwords often come up: Revenue Management and Price Optimization. NB: This is an article from Topline Revenue , one of our Expert Partners While they may sound similar, grasping the nuances between these two concepts is pivotal for success in the hospitality industry.

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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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Events 95

Revenue Hub

DECEMBER 5, 2023

In a recent strategic evaluation of revenue generation for a distinguished independent luxury hotel in San Francisco, we delved into the challenges this property faces in restoring its revenue to pre-pandemic levels. While this tactic can help maximize room occupancy, it’s not the most revenue-maximizing option.

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Pricing Article Events Marketing 86

Hospitality Net

JANUARY 25, 2024

Personalization is not just about personalized pricing; it’s a revenue driver and powerful conversion tool for all commercial strategy disciplines that is capable of increasing revenues by up to 40%. I brought this topic to HSMAI’s Revenue Optimization Advisory Board for discussion.

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Article Pricing 67

Lodging Magazine

MARCH 20, 2023

SAN FRANCISCO—Duetto released its revenue optimization product, Duetto Advance, at ITB Berlin. With event demand intelligence ingested from PredictHQ, the introduction of Advance advances Duetto’s products in revenue management tech.

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Magazine Events 69

Revenue Hub

JULY 3, 2023

Hotel cancellations are an inherent challenge in the hospitality industry, impacting both revenue and operational efficiency. NB: This is an article from RateGain Whether due to unforeseen circumstances, changing travel plans, or other factors, cancellations can disrupt a hotel’s occupancy and revenue forecasts.

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Hotel Business

NOVEMBER 6, 2023

Duetto has launched Advance, its real-time, dynamic revenue optimization solution. Advance is a set of tools for near real-time rapid response to market changes to capture revenue in an automated way, driving both RevPAR and operational efficiencies,” explained Darren Koch, chief product officer, Duetto.

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Events Pricing Marketing Information 59

Hospitality Net

FEBRUARY 27, 2024

Moving beyond resilience, our industry’s sales, marketing, and revenue optimization talent strategies have in many ways transformed, and this report is evidence of that journey. As the HSMAI Foundation releases our 2024 State of Talent Report, it’s heartening to witness our sector not just bouncing back but thriving.

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Marketing 98

Revfine

OCTOBER 6, 2023

Was your summer a revenue bonanza, or more of a busy bust? While plenty of work must be done to ensure your next summer's guests have The post Strategies to Optimize Your Holiday Park’s Revenue Next Summer appeared first on Revfine.com. The summer busy season is undoubtedly a critical stretch for holiday park owners.

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Budgeting 87

Hospitality Net

APRIL 23, 2024

Agilysys, a leading global provider of hospitality software solutions and services, today debuted revenue optimization enhancements leveraging AI technology incorporated in Agilysys Spa.

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Revenue Hub

JUNE 22, 2023

Silicon Valley-based LodgIQ , the premier AI-powered revenue management technology provider, has announced the launch of four new revenue optimization products for the hospitality industry as part of the LodgIQ AI suite: MarketIQ, BusinessIQ, ForecastIQ, and GroupIQ. We can’t wait to share it with the world.”

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Revenue Hub

JULY 11, 2023

NB: This is an article from Lybra , one of our Expert Partners Amid a sea of considerations, ranging from efficient staff management and impeccable property upkeep to top-tier customer service, revenue management emerges as a critical linchpin. Each of these channels has its own associated costs and potential revenue.

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Pricing Book Article Events 69

Revenue Hub

FEBRUARY 20, 2023

Is the revenue manager the most critical role for maximizing a hotel’s profit? NB: This is an article from Demand Calendar There are a lot of discussions about how revenue managers can impact the bottom line. Some people argue that every single daily decision of Revenue Managers impacts the bottom line.

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Article Marketing Information Book 83

eHotelier

APRIL 24, 2024

Effective revenue management is driven by a clear sense of purpose. It's about understanding not just how to optimize prices and manage inventory, but why these actions matter in a larger context — a context that includes genuine customer satisfaction and enduring business success.

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Pricing 242

Hospitality Net

JUNE 6, 2023

Attendees at this year’s highly anticipated 2023 HSMAI Revenue Optimization Conference (ROC) will have the opportunity to explore the latest advancements from RezRecover. Today, the company announced its sponsorship of the event coming to Toronto, June 27-28, as part of Commercial Strategy Week.

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Events Marketing 92

Hospitality Net

APRIL 24, 2024

Imagine if your revenue team fully understood this. 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.

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Hospitality Net

JUNE 15, 2023

Silicon Valley-based LodgIQ™, the premier AI-powered revenue management technology provider, has announced the launch of four new revenue optimization products for the hospitality industry as part of the LodgIQ AI suite: MarketIQ, BusinessIQ, ForecastIQ, and GroupIQ.

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Hospitality Net

OCTOBER 3, 2023

The American Hotel & Lodging Association’s technology committee, HTNG, and Hospitality Sales and Marketing Association International (HSMAI) announced today that they will co-locate HTNG’s HTNG Connect: Asia-Pacific event and HSMAI’s Revenue Optimization Conference (ROC) May 8-10, 2024, at the Marina Bay Sands in Singapore.

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Events Marketing 74

Hospitality Net

SEPTEMBER 13, 2023

The HSMAI Revenue Optimization Rising Leaders Council recently discussed this topic and brainstormed our top keys to good data. When a new system is implemented, the best outcome is an integration that allows for a holistic look at the new data available.

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Pricing 85

Hospitality Net

JANUARY 8, 2024

In today’s dynamic hospitality industry, the imperative to secure direct bookings has become more crucial than ever. Hotels must grapple with the formidable challenge of the perpetual ebb and flow of room rates.

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Book Marketing 78

eHotelier

MAY 16, 2023

By understanding the roles and responsibilities of each revenue-critical employee in growing revenue, increasing forecasting accuracy, and preventing revenue leaks, hoteliers can foster a collaborative and proactive approach to optimizing their hotel's overall financial performance.

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Hotelogix

APRIL 22, 2024

Importance of Analysing Hotel Data Hotel data encompasses various information, from guest bookings and preferences to revenue figures and occupancy rates. For instance, by analyzing stay patterns and booking sources, you can optimize your marketing campaigns and pricing strategies to attract the right audience at the right time.

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Guest Satisfaction Book Pricing Reservations 130

Hospitality Net

FEBRUARY 2, 2024

It goes without saying that we’ve had a lot of change over the last several years – some as a direct result of the pandemic and post-pandemic era, and some changes have been unrelated, like the surge of AI tools over the last year and the marked generational shift.

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InnQuest

SEPTEMBER 5, 2023

In this concise guide, we’ll explore the fundamentals of hotel inventory management, providing you with valuable insights and strategies to optimize your hotel’s performance. Food and Beverage: Restaurants, bars and room service are vital revenue streams. Let’s get started! Firstly, What is Hotel Inventory Management?

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Guest Satisfaction Maintenance Pricing Book 218

InnQuest

APRIL 5, 2023

Anyone who has worked in the hospitality industry for a few years would enthusiastically attest to the importance of yield management in hotels, particularly in hotel revenue management. Yield management is a pricing strategy that predicts customer demand and adjusts prices to maximize revenue.

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Pricing Book Blog Marketing 220

Xotels Hotel Revenue Management

NOVEMBER 11, 2019

Instead, the accuracy of hotel revenue forecast results benefits from taking multiple outcomes across forecasting methods to reach a more comprehensive, robust analysis. In this way, a critical reflection on the achieved results can take place, and if any potential optimization can be achieved in the future by adjusting strategy.

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Reservations Accounting Book Information 52

InnQuest

APRIL 3, 2023

As the hospitality industry evolves after the pandemic, it’s more important than ever for hotels to streamline their day-to-day operations to improve efficiency, enhance the guest experience, and increase revenue. This can be achieved by adopting automated operations and optimizing workflows to ensure hotel operations run seamlessly.

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Property Management Training Guest Satisfaction Special Events 222

eHotelier

NOVEMBER 6, 2023

The new revenue optimization product suite enables hotels to dynamically optimize room rates in real time, improving RevPAR.

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Marketing 162

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 74

eHotelier

MARCH 12, 2024

Duetto, the leader in cloud-based Revenue Strategy solutions, and Amadeus, a leading global travel industry technology partner, today announce an expansion to their strategic relationship.

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eHotelier

MARCH 11, 2024

As the Easter holiday period approaches, hoteliers have a great opportunity to leverage their digital compendiums to enhance the guest experience and drive revenue. In this article, we will provide six valuable tips for hoteliers to optimize their digital compendiums and make the most out of the Easter holiday season.

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eHotelier

MARCH 3, 2024

In her new role, Kelly will be responsible for spearheading all sales initiatives aimed at optimizing revenue and overall profitability as well as supervising marketing and public relations strategies for both properties.

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Scheduling Marketing 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.

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Strategic Planning Guest Satisfaction Article Marketing 97

Hospitality Net

SEPTEMBER 28, 2023

Singapore-based Pan Pacific Hotels Group (PPHG), a global hospitality company with more than 50 hotels, resorts and serviced suites across three brands throughout North America, Europe and the Asia Pacific region, has signed a new agreement with Amadeus, subscribing to the technology leader’s Demand360 business intelligence solution to help maximize (..)

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STAAH

APRIL 16, 2024

Hoteliers need to employ smart strategies to optimize revenue and profitability. One of the most powerful tools in their arsenal is a robust Revenue Management Solution (RMS). This enables hoteliers to adjust room rates dynamically to maximize revenue based on current market conditions.

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Workflow Management Pricing Training Book 78

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. As a result, pricing requires a complete overhaul.

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Pricing Budgeting Book Article 104