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.
Best practice Coronavirus crisis response: What revenue managers can do
In times like this dealing with a severe fallout in tourism due to fears of infection, the revenue leader’s response could be crucial on a few different levels. Here are some simple tips and reflections.
What makes Revenue Managers lose sleep?
Here are ways to address some of today’s most common issues facing revenue professionals.
Revenue Management as Demand Management
This white paper examines the challenges, changes and potential opportunities for growth.
Are direct bookings best?
We talk to Matthias Dybing, founder of Nuvho Hotels, on whether direct bookings really are best, why operational interconnection driven by Chief Commerical Officers are key, and why relationships are the backbone of everything hospitality.
Do you have this revenue-management bad habit?
Do you use a hotel revenue management system, only to override or ignore its recommendations? We talk to Fabian Bartnick, founder of Infinito, on how to optimise hotel revenue management systems through AI, on up-skilling revenue managers, and what’s needed to help you answer the fundamental question: “So what am I going to do now?”
Is your Revenue Management System revealing a true picture?
Different customer segments have different booking and staying patterns. Like a kaleidoscope, small recalibrations in their analysis can greatly influence key behaviours and bookings. What does your RMS system need to keep pace with accurate forecasts?
Why daily market share benchmarking is vital to your hotel’s success
The use of benchmarking data is an indispensable tool to daily adjust revenue management strategy to reach the full potential of a hotel’s performance. An analysis based solely on internal data cannot deliver the same achievements.
3 trends revenue managers need to know
The demand for talented resources in hotel revenue management and experts who can apply data analytics to predict consumer behavior and optimize hospitality business is increasing fast.
