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Revenue Management

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

Tech-Centric Management Company Launches to Support Independent Hotels

In this Q&A, Life Hospitality's Bryan Dunn discusses how the company is using its custom in-house tech stack to help independent hotels survive the effects of the COVID-19 pandemic.

INNCOM Hibernation Mode Reduces Unoccupied Room Energy Consumption

The built in feature can be remotely activated and is designed for rooms that will be off market for an extended period of time.

April RevPAR fell 95.2% year-over-year to a single-digit number, on a per-available-room basis.

From reducing housekeeping to only after checkout to installing mobile keys, Xenia Hotels expects some cost cutting measures to become semi-permanent.

In-depth report details how latest business intelligence practices can preserve hotel financial stability and ability to implement successful strategies despite economic challenges.

Life House is making its tech-enabled management services available to all independent hotel owners for free until 2021.

New add-ons have been specifically built to answer the needs of hoteliers trying to gear up for re-opening or a resumption of business after running on low occupancies in recent months.

The Recovery Roadmap focuses on the functions of hotel operations, distribution, marketing and revenue management.

U.S. hoteliers got their first taste of the impact of COVID-19 on hotel profit and loss in March, and the bad taste in their mouths is likely to linger for a while. Gross operating profit per available room (GOPPAR) was down 110.6% YOY to $-12.71.

IDeaS opens its Revenue Management Foundations courses to all and partners with renowned universities to educate and empower tomorrow’s revenue leaders.

Business intelligence technology provider to bolster data management, reporting and advisory support services for customers to maximize financial stability and effective business planning abilities during coronavirus pandemic.

Integration will help hotels to upsell through daily intelligence and send review collection emails through the GuestJoy communication solution.

Program aims to assist truck drivers, delivery personnel, construction workers, EMS teams, healthcare professionals, law enforcement agents and more.

The first report, highlighting data for March 2 - April 5, showed clear indications that travelers intend to resume travel as soon as possible.

Tech connects with hotel Facebook Messenger account to provide an automated customer lead generation process.

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

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.

For many hotels, F&B comprises a significant portion of total revenue, yet F&B forecasting remains a basic and imprecise process allowing hotels to miss out on revenue opportunities.

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%.

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.

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

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

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

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.

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