Global is a big word and now that we have your attention I want to define global in a hotel setting. Global refers to all sources of revenue and their corresponding profit picture.
The ABC guide to maximising revenue
In a marketplace full of revenue management systems, programs and tools, this ABC guide highlights the best strategies and areas you need to know for your business
It takes an entire team to sell the whole property
In the past, revenue management was considered a niche function. It was a practice largely applied to guestroom strategies without influence or contributions from other hotel revenue streams.
Seven trends for productive revenue managers
Not all hotel revenue managers have the benefit to utilize a powerful revenue management system in their day-to-day work. What are the revenue management trends?
Pentahotels appoints Laszlo Posa as Corporate Director of Revenue Management
Pentahotels has announcedÊLaszlo PosaÊhas joined the company as Corporate Director of Revenue Management, effectiveÊAugust 1,Ê2017.
What is revenue management and when does it have an impact?
I know it is lame, but the standard definition simply has to be mentioned: Revenue management is selling Òthe right product to the right customer at the right time to the right priceÓ. Furthermore I would like to add through the right channel.
Take back control of your inventory
The RFP process is an important process that hotels must take seriously since it is the one and only chance per year that they have to optimise the prices and inventory sold in the corporate segment. So, think it through carefully and analyse your corporate accounts. What do they bring you?
Next-generation revenue management results in additional profit
A celebrated physicist once famously remarked that prediction can be very difficult, especially when it’s about the future. That certainly applies to forecasting demand for hotel guest rooms. With the advent of next-generation revenue management capabilities, however, predicting the future has become a lot easier, more accurate and more profitable.
nSight and IDeaS team up to help hoteliers drive profitable bookings
IDeaS Revenue Solutions and nSight Travel Intelligence have teamed up to offer hoteliers a new experience in revenue management that allows managers to ÒfuturecastÓ inventory demand based on a rich set of data points never before available on a single technology platform.
Independent Hotels & Revenue Management: What are the best practices?
Rachel Grier offers some insight into the best practices for a independent hotel
