A new forecasting tool from Cornell's Center for Hospitality Research makes revenue management forecasting clearer through a series of worksheets that are formatted to allow hotel revenue managers to plug in their own historical data.
For many independent hotels, the budget and manpower needed to sustain revenue management technology and specialized sales and marketing support internally may not be an option. Learn what to look for in third party representation before you outsource.
The Lenox Hotel Boston will deploy the IDeaS Revenue Optimization's IDeaS V5i in the summer of 2009, equipped with forecasting capabilities, a group pricing module, sales and catering integration and more.
The St. Regis Aspen Resort's selection of Hyperdisk is expected to provide the resort with a renewed online presence, along with an engagement strategy that delivers detailed financial analysis across all digital marketing initiatives.
Parc 55 leverages the RezTrip Booking Engine to drive revenue during the tough economy. From May 2008 to May 2009, Parc 55 saw roomnights booked through its own website climb 46.9% and its revenues rise 33%.
The Account Saturation Tool addresses the hotel industry's demand for more effective methods of capturing vital customer data and automatically generating reports that enable sales teams to identify and focus on the most valuable revenue-generating sales opportunities.
A collection of news, articles and other featured content about Revenue Management.