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.
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?
