Duetto, the hospitality industry’s #1 Revenue Management System (RMS), has reported an increase in hotel revenue tech investment in the first half of 2023, as hoteliers continue to look for ways to improve revenue and drive team efficiencies.
The cloud-based software-as-a-service provider has enjoyed a 30% increase in business in the first half of 2023, compared to new hotel subscriptions in H1 2022.
“What is most impressive about our growth is that it has remained sustainable throughout the challenges of recent years. Hotel companies are realizing that they need an advanced technology stack to remain competitive. Duetto integrates with more technology in the hospitality space than any other RMS, making us quick and easy to deploy. This gets our clients to a return on investment much quicker, drives team efficiencies, and lifts revenue,” said David Woolenberg, CEO, Duetto.
Notable new signings in the year’s first half have included Pierre et Vacances, Deutsche Hospitality, Apex Hotels, and GCH Hotel Group.
Duetto’s results mirror those of its Duetto Outlook & Trends 2023 Survey. In early 2023, Duetto surveyed the global hospitality industry and found that more hoteliers are investing in tech. The Duetto Outlook & Trends 2023 Survey showed that 82.3% of those surveyed were now using a revenue management system (RMS), up from 67.6% in the 2022 survey. Of those not using an RMS, 71.4% planned to invest in revenue management technology in 2023, up from 50% in 2022.
Looking back on tech investment in 2022, 72.2% said their hotel tech spend had either increased or stayed the same. Looking ahead, 60.8% expected their hotel tech spend to increase in the next three years.
New hotels onboarded with Duetto in 2023 are already seeing positive results:
“Maximizing revenue has never been easier with Duetto, the leading revenue management tool for hotels. At Canyons Boutique, we trust Duetto to help us optimize our pricing and increase our profits. We are excited to maximize our daily opportunities to create an opportunity to have our best year ever.” – Cody Adent, President, Vibrant Management on the Canyon Collection.
“The way rates, restrictions, and rules can be managed with Duetto is literally a ‘GameChanger’. Easy to set up, use and control, there are almost no boundaries. You just use your imagination and determination. Duetto isn’t just bringing us to the next level, it takes our Revenue Management to an entirely new dimension.” – Christian Fischer, Head of Revenue Management, Bold Hotels.
“After more than a decade of using Revenue Management Systems (RMS) in International Hotel Brands (Starwood, Marriott, Melia, IHG), finding a proper RMS for an independent hotel was one of the key tasks given to us by our owners. Duetto is truly a weapon against your competition, giving you a detailed analysis of your data, smart pricing models and what we were really impressed about is that they take feedback from their customers very seriously.” – Mr. Linh Hoang, Hotel Manager, The Yacht Hotel by DC.
2023 looks set to be another bumper year for Duetto. In January, the technology company was named the highest-rated revenue management system (RMS) in the 2022 HotelTechAwards, for the second year.
In March, Duetto unveiled its soon-to-launch new product, Duetto Advance, which delivers purposeful AI to hotel revenue teams.