Real Hospitality Group Adopts Full Suite of ProfitSword Business Intelligence and Data Management Solutions
ProfitSword, LLC | January 28, 2020
Rapidly expanding hotel management company implements ProfitSage, ProfitPlan, ProfitPace and ProfitWizard to maximize business strategy efficiency and ability to achieve even greater organizational growth. OCEAN CITY, Md. (January 28, 2020) – ProfitSword, hospitality’s premier developer of business intelligence and data integration software, has been selected by Real Hospitality Group in order to obtain a real-time and fully comprehensive overview of its financial performance across the breadth of its organization. Recognized as one of the fastest growing hotel management companies in the U.S. and renowned for its corporate responsibil...
HotStats | November 4, 2019
Tracking the evolution of key performance indicators (KPIs) over time allows hoteliers to identify meaningful trends, create forecasts and budgets and assess the results of different strategies. To perform this kind of analysis, data has to be recorded within consistent time intervals and in chronological order. This is known as a time series. For example, daily occupancy for the past month is a time series: data (occupancy) is recorded within a consistent time interval (daily) and is chronologically displayed. There are many ways of looking at a time series, depending on the kind of insights you want to extract from it. In this article, w...
Quore | October 29, 2019
Franklin, Tenn. – October 29, 2019 – Budget season is over, and hotel owners/operators are breathing sighs of relief now that they’re through with the arduous weeks — maybe even months— of prepping annual budgets and taking care of a backlog of capital requests. Quore, an award-winning provider of workforce communication and engineering/housekeeping management technologies, has a tool that is helping multi-property management companies make better financial decisions by staying on top of all property-level capital requests. The CapEx app customizes and automates the flow of approved expenses for increased efficiency. The too...
ProfitSword, LLC | August 27, 2019
Hospitality-leading provider of business intelligence and data management solutions recognized for ability to boost employee potential and inspire enhanced performance. ORLANDO, Fla. – (August 27, 2019) – ProfitSword, hospitality’s premier developer of business intelligence software and data integration services, has been named by the Orlando Sentinel as one of Central Florida’s Top Workplaces in 2019. An annual listing that analyzes a company’s ability to motivate employees, encourage new ideas, inspire cooperation and provide confidence in leadership, this year’s awards saw ProfitSword earn a top 35 position out of 826 emplo...
J Hospitality and Development Implements ProfitSword Portfolio-Wide to Streamline and Enhance Data Management, Forecasting
ProfitSword, LLC | August 20, 2019
Development and management company overseeing collection of independent hotels implements ProfitSage to maximize operational and decision-making efficiency. NEW ORLEANS – (August 20, 2019) – ProfitSword, hospitality’s premier developer of business intelligence software and data integration services, has announced the implementation of its ProfitSage operational and financial reporting solution by J Hospitality and Development LLC. A New Orleans-based development and management company that focuses on creating innovative solutions for hospitality, residential and commercial properties, J Hospitality now leverages ProfitSage to ensure ...
Dan Skodol | April 25, 2019
By Dan Skodol I recently read a piece about an international resort company that introduced a Revenue Management System (RMS) within the last five years. Like many resort properties around the world, their hotels have a high degree of dependence on contracted tour business and other leisure-oriented distribution channels. Because of the long lead-time associated with forming these contracts, "timing" is a very important focus of Revenue Management as missing a contract season means missing out on bookings that are essential to their performance. This certainly makes sense. But I got lost was when the Revenue Manager stated in an intervi...
ProfitSword Releases Report Analyzing the Latest Trends in Data Forecasting and Budgeting Technology
ProfitSword, LLC | March 21, 2019
Newly published document demonstrates how advances in innovation are allowing hoteliers to overcome the complexities of data management, while allowing for streamlined operations and real-time access to information Orlando, Fla. – March 21, 2019 –ProfitSword, hospitality's premier developer of business intelligence and data integration software, announces the release of a comprehensive report detailing the latest advances in data forecasting and budgeting tools and practices for the hospitality industry. Utilizing insight from the industry's leading experts, the report showcases how today's data management environment has e...
Travel + Leisure Releases 15th Annual It List, an Editor-Curated Collection of the Best New Hotels in the World
Why Businesses Should Invest in Soft Skills Training
The Carver Companies Announce Two New National Account Managers
Tourism and Hospitality Instructor Joins RoomKeyPMS’ Implementation Team
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