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09/21/2021

ProfitSword, Duetto Partnership Offers Hotels Performance Forecasting Accuracy

Properties of any size and market segment type can now take advantage of this integration that eliminates the time-consuming process of compiling projected hotel performance data.
Anna Wolfe
Senior Editor - Restaurants
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ProfitSword integrated its BI platform with Duetto, an advanced revenue management technology for the hospitality industry. Properties of any size and market segment type can now take advantage of this integration that eliminates the time-consuming process of compiling projected hotel performance data and instead ensures that users can instantly skip to making informed decisions that lead to maximized efficiency, profitability and market growth potential.
 
Key advantages of the integration include the ability for properties to automatically upload data pointing to a hotel’s projected revenue from the Duetto ScoreBoard application to the ProfitSword database. Analytics include estimated room occupancy and average daily rate by market segment, including groups or transient retail. Such data, while essential to a revenue manager’s ability to anticipate available revenue and determine business profitability, has long been associated with a laborious compiling process prone to human error. With such data easily accessible through Duetto and now able to be combined with the performance analytics generated by ProfitSword, hospitality professionals can effortlessly and instantly determine exactly how much revenue needs to go towards meeting expenses and other upcoming hotel needs. By integrating data from Duetto into ProfitSword’s forecasting and budgeting module, hoteliers can further streamline dataflows for a specific segment or account for enhanced forecast benchmarking and financial reporting accuracy.    
Via the integration, hoteliers can also determine which amenities and services generate the most revenue and demand. This ensures that hotel businesses can always maintain adequate inventory levels to meet guest expectations without unexpectedly cutting into profit margins.