Fortunately, price isn’t the only tool available to hoteliers looking to improve their occupancy rate. Here’s a look at how to increase hotel occupancy with some tried-and-true approaches and introduce some important considerations to keep in mind when monitoring this common hotel performance metric.
IDeaS Releases Portfolio Navigator – New Innovation in Multi-Property Revenue Management
IDeaS, a SAS company, the world’s leading provider of hospitality revenue management software and services, announced today the release of G3 RMS Portfolio Navigator, the next innovation in multi-property revenue management. Portfolio Navigator provides powerful automation to identify, prioritize, and act on the most important revenue-impacting decisions. This reduces execution costs by enabling multi-property and corporate revenue leaders to deploy and manage revenue strategy quickly, confidently, and consistently at scale.
Transform your hotel’s revenue in two years or less with this guide to revenue management
Managing a profitable hotel requires a careful eye on your inventory. You don’t want to sell your rooms too early at reduced rates because such spillage can drain your revenue. However, spoilage, overbooking, and overselling can also wreck your profits.
Profitable approaches to early check-ins and late check outs
Hotels recognize revenue management drives profits, but only some hotels recognize revenue management is like a stream running through the hotel.
Could revenue management solve hospitality’s labor shortage?
While there are various factors to consider for implementation to be successful, hospitality must think outside the box if it is to tackle the labor shortage.
2024 hotel technology predictions
2024 is shaping up to be a year of substantial and exciting change—and the best way for hoteliers to take advantage of that change is to start thinking now about what’s likely to come in the year ahead.
Duetto launches Advance, delivering real-time rate optimization and first-to-market data integrations
The new revenue optimization product suite enables hotels to dynamically optimize room rates in real time, improving RevPAR.
“Real” revenue management can double or triple high season rates
Like diet and exercise, the more disciplined you are, the more rewards you reap. Consider these common hotel pricing errors.
HSMAI DC Panel will explore six need-to-know issues in hospitality
Today, the Washington, D.C., chapter of the Hospitality Sales and Marketing Association International invited hospitality professionals from throughout the metropolitan area to attend its annual Directors Roundtable & Conference on Oct. 18 at the Washington Marriott Capitol Hill.
Summerstar Tourist Parks automate revenue management processes across fourteen properties with IDeaS
IDeaS announced today that Summerstar Tourist Parks has adopted the IDeaS’ G3 Revenue Management System (RMS) across fourteen of its Australian-based caravan and holiday park sites.
