Revenue Management

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Revenue Management

A collection of news, articles and other featured content about Revenue Management.

Hotels: How to Stay Competitive During a Downturn

Current predictions estimate that supply will outstrip demand, but hoteliers could weather the storm by being analytical and creative.

An Equitable Approach: Finding Answers to COVID-19’s Economic Impact 

Technology can play an important hand in success or failure.

More often than not, room service is a loss leader for hotels – but it doesn’t have to be.

Insights is a set of smart monitoring and reporting capabilities that provide hoteliers with a single place to access data on their local market, business performance and guests.

CEO Arne Sorenson says membership rose to 141+ million members and in 2019 paid room revenues from loyalty members increased 11%.

Integration will allow hotels to offer future guests the ability to book experiences in addition to rooms, including tee-times, ski passes, rental cars, spa services, and more.

A majority of GBTA’s supplier companies report that the coronavirus has had a “significant” (24%) or “moderate” (31%) impact on their company’s revenues, with airlines and hospitality providers among the most affected.

RevPlan is a cloud-based module that will allow hotels to build a forward-looking total revenue plan and budget, including F&B.

Hoteliers can now streamline operations, increase communication and cooperation across departments, and respond faster to customers.

As the full scope of the coronavirus virus becomes clearer, subsequent months could put pressure on hoteliers to generate both top- and bottom-line growth.

Tech-driven hotel chain adopts cloud-based revenue strategy applications to drive profit

What started as a way to fill a few pool loungers and cabanas quickly became a profitable new opportunity.

Market Insight is a predictive market intelligence technology that can capture hotel booking intent in real-time.

The operator’s recent move of operations into the cloud last year is now allowing it to focus on new tech rollouts in 2020.

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