A hotel revenue management technology can single-handedly manage revenue, distribution, and reputation.
OYO invests in machine learning pricing and BI for vacation homes
OYO Hotels & Homes announced that it has acquired Danamica, a data science company, with machine learning and business intelligence capabilities, specialized in dynamic pricing.
Understanding how analytics can drive your hotel’s revenue performance
Analytics can drive a hotel’s revenue performance, but too often important information can be lost as a result of the grouping process used by many RMs.
How to prevent revenue leakage in your hotel
You need to first identify and eliminate business practices and services at your hotel that don’t generate enough revenue to cover up the expenses/investment in them. Here are some of the areas of your operation that might require immediate attention.
Academy Course of the Week: Understanding Your Guests Path to Booking
The Understanding Your Guests Path to Booking course teaches hoteliers on how to influence consumers to book their rooms instead of another property. The course helps student’s understanding of the customer journey, not just for holiday-makers, but for business people too.
The future is all about Total Revenue Management
Total Revenue Management is a much-discussed concept in hospitality, but in reality it has produced a great deal of confusion. Put simply, it is the revenue management of all revenue sources in a hotel, encompasses every single hotel income stream.
10 tips for successful hotel revenue management
Understanding revenue management is key to making or breaking a hotel’s bottom line. Here’s what all GMs need to understand about it.
Hotel Pricing Strategy: Open Your Mind Beyond the 4’s and 9’s
For the love of incremental revenue, please say goodbye to the 4’s and 9’s with your hotel pricing strategy.
Overcoming the data challenge with automation
The reality for hoteliers and their revenue management teams is there are far too many data points to analyse. And certainly, too many decisions to be made for any human to undertake accurately, without the assistance of automated solutions.
Greg Myers joins IDeaS as Chief Client Officer
Myers brings more than 30 years of experience serving customers in the software field. He has held executive management positions for Fortune 500 companies including Apple, Sony, McAfee and most recently, BMC Software.
