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.
The shift from room-centric to guest-centric revenue management
The journey towards a guest-centric revenue management approach is multifaceted, involving a shift in strategies and a transformation in the tools and mindsets of those who implement them.
Hotel Revenue Managers talk trends and challenges for 2024
Here’s what revenue leaders from around the world think are the trends and challenges for 2024.
From spreadsheets to AI: the new era of Revenue Management
Today, Artificial Intelligence (AI) is to modern revenue management what Excel was to the discipline in its nascent stages.
HotelPartner Revenue Management answers growing UK demand
HotelPartner is expanding in the UK and Ireland, responding to increasing demand for a more sophisticated approach to revenue and distribution management.
9 proven ways to grow your occupancy rates
Fortunately, price isn’t the only tool available to hoteliers looking to improve their occupancy rate. Here’s a look at how to increase hotel occupancy with some tried-and-true approaches and introduce some important considerations to keep in mind when monitoring this common hotel performance metric.
IDeaS Releases Portfolio Navigator – New Innovation in Multi-Property Revenue Management
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. Portfolio Navigator provides powerful automation to identify, prioritize, and act on the most important revenue-impacting decisions. This reduces execution costs by enabling multi-property and corporate revenue leaders to deploy and manage revenue strategy quickly, confidently, and consistently at scale.
Transform your hotel’s revenue in two years or less with this guide to revenue management
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.
Profitable approaches to early check-ins and late check outs
Hotels recognize revenue management drives profits, but only some hotels recognize revenue management is like a stream running through the hotel.
Could revenue management solve hospitality’s labor shortage?
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.
