With hospitality facing an existential crisis due to such an industry-changing external shock, hoteliers could do worse than look to startups for lessons in adaptation.
What’s next for Revenue Management in a post-pandemic world? An insider’s perspective
To better understand the impact of COVID-19, we posed three questions to a series of Revenue Management experts in the field to pulse their sentiment. First up, Gabriela Cojocaru, the director of revenue and business strategy at Bürgenstock Hotels & Resort, lets us know her thoughts.
The five changes expected in the hotel industry
The landscape continues to change rapidly and while no one can say with any degree of certainty where everything will land, we are starting to see the shape of things to come. Here are changes that the new normal is likely to bring forward in the hotel industry for owners and operators.
Revenue Management post COVID-19 – What hoteliers need to. know now
For hoteliers, who are committed to take up this challenge and turn the downside into a long-term opportunity, berner+becker revenue management has written a whitepaper that aims to inform hotels about currently available business, provides insight into the topic of planning and forecasting from a revenue management perspective, guides hotels along the cornerstones of distribution and pricing and provides guidance on key issues hotels should consider when analysing their business.
Five changes expected in the hotel industry
The landscape continues to change rapidly, and while no one can say with any degree of certainty where everything will land, we are starting to see the shape of things to come.
Beonprice reinventing hotel revenue management with live travel demand data
Spanish revenue management system provider on mission to unlock data challenges with consumer and destination demand data.
The First 100 Days: action plans for the ‘new normal’
There is tremendous value in slowing down and dedicating the time to take stock of where you’ve been and where you’re going; providing clarity for you and everyone who relies on your direction. Only after that can you put together a set of goals that will keep you and your team focused and prepared as soon as the “new normal” starts.
Planning for the future: hotel inventory management and distribution
Here are some activities to review how you classify your rooms and configure your product so when things stablise, you will be ready with an optimized inventory.
Managing revenue amidst global travel restrictions
The best way to prepare for future uncertainty is by being certain about your own business strategies under any condition and hoteliers must continue to execute a revenue management strategy focused on not just the next few months, but the next several years.
SiteMinder launches ‘Insights’ to lead hotels into Intelligence, the new era of distribution
The capabilities will be native to users of the channel management, direct booking and pricing intelligence features within SiteMinder’s platform, to provide hoteliers with a single place to access clear and actionable data on their local market, business performance and guests.
