hotel revenue management

/Tag: hotel revenue management

hotel revenue management

Beonprice Academy Prepares Future Revenue Management Superstars

Beonprice | October 24, 2019

Launch of online learning platform, Beonprice Academy, provides revenue training to hotel professionals Beonprice tackles skills gap in hotel revenue management in its latest development  Revenue management at the forefront of marketing and pricing strategies ttg 24 October 2019: Identifying a skills-gap in the hotel sector, Spanish-based Revenue Management System (RMS) provider Beonprice (www.beonprice.com) has unveiled the Beonprice Academy. The new online learning platform provides hotel professionals with vital training in Revenue Management, an area key to a hotel’s profitability. The Basic certification is suited ...

Coming Soon to Your Hotel: The Integrated Revenue Generation Team

HEBS Digital | May 21, 2018

By Max Starkov and Scott Dahl Background: The hospitality industry is enjoying its longest expansion and healthiest growth in decades, yet there are some troubling trends beginning to surface that threaten profitability and overall performance. One of these trends is that net room revenue—i.e., revenue that remains with the hotel after accounting for distribution costs (OTA commissions, traditional agency commissions, and other distribution expenses)—has been declining steadily over the past several years. For example, U.S. hotels earned roughly $155.2 billion in guest-paid revenue in 2017 but paid an estimated $25.2 billion...

Airbnb and Revenue Management: Hotels Still Maintain Upper Hand

University of Houston | February 26, 2018

by Jeanine Panzica We all know Airbnb is great for travelers, and within that statement are countless illustrations and some one-ups over hotels. Who doesn't love personal amenities left by actual home/apartment owners, even if it is a cat? Ultimately, Airbnb can insert a traveler into their destination in ways a hotel cannot and all for a relatively agreeable price. But when asked if the hotel industry is under threat of Airbnb, the answer is no. A plus for travelers, the bulk of the cost of an Airbnb stay is set by the host, they oversee nightly price, cleaning fees, and have discrepancy over extra guest and other fees. This limits th...

Duetto Closes $80 Million Series D Financing Round Led by Warburg Pincus

Duetto | February 14, 2018

Record investment in hotel technology will fuel product growth and global expansion of industry's only Revenue Strategy Platform SAN FRANCISCO – February 14, 2018 — Duetto, hospitality's only Revenue Strategy Platform, announced today the closing of an $80 million Series D financing round led by funds affiliated with Warburg Pincus, a leading global private equity firm focused on growth investing. The round is the largest ever non-acquisition investment in a software company serving the hotel industry. Duetto was founded in 2012 by CEO Patrick Bosworth, Chief Marketing and Strategy Officer Marco Benvenuti and Chief Technolog...

The Unfinished Business of Revenue Management:  Investment Abandoned

Pierre Boettner | November 28, 2017

Pierre Boettner CEO and Founder hospitalityPulse Hotel revenue management is on the verge of something of a second renaissance; the field is propelling itself toward the notion of Total Hotel Revenue Management. It is one that revenue managers have foreseen—in fact, requested—for many years now, and the idea is that revenue management should move beyond room pricing and channel strategies, beyond Pace reports and market segment reviews, and move to identify profitability gaps and opportunities across the entire operation. In the introduction to a 2017 Cornell Hospitality Research Brief on the topic, the authors say, "While a...

Industry Experts Join NAVIS Team to Expand Beyond Independent Resort Locations

NAVIS | November 2, 2017

Proven revenue performance success with clients in city locations, flagged properties, and casino hotels creates opportunity to expand. BEND, Ore. (November 2, 2017) - To further fuel their continued success, NAVIS today announced the expansion of their executive sales team to serve more segments of the hotel industry. Amber Fox, Julie Chapman, Lou Wolfson and Ryan Gervais have joined NAVIS as Systems Consultants dedicated to helping hospitality operators generate more profitable direct channel bookings, optimize team performance and strengthen relationships with their guests. The latest additions to the NAVIS sales team come at a time...

The Rainmaker Group Brings Simple, Smart Revenue Optimization Tools to the Mid-Market with Debut of Next Generation revcaster® Platform

Rainmaker | April 11, 2017

Leading provider of hotel revenue management and profit optimization solutions introduces enhanced solutions toolbox designed for the limited service market ALPHARETTA, GA – April 11, 2017 – The Rainmaker Group (Rainmaker), the market leader in profit optimization solutions for the gaming and hospitality industry, today announces the official launch of its next generation revcaster® platform at AAHOA 2017. An affordable, easy-to-use and flexible solution developed specifically to meet the needs of limited service and mid-market hotels, the new revcaster® platform brings actionable insights on market, demand, and prop...

SnapShot Analytics Platform Goes Public In Time For HITEC 2016

SnapShot GmbH | June 15, 2016

SnapShot GmbH opens up the best and most accessible hotel analytics solution to all hotels, just in time for HITEC 2016 in New Orleans. Berlin, Germany, June 16, 2016– SnapShot Analytics is no longer an invitation-based platform, as the leading hotel analytics company offers its latest dashboard in a "self-service" version in time for HITEC 2016. Demand for an open version of the management tool has prompted this release. Now hotels with connected PMS will be able to access SnapShot Analytic for single or multiple properties and the current version remains free. "Since ITB Berlin, we have been overwhelmed with requests for SnapSho...

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