hotel revenue

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hotel revenue

Sales and RM – Why Can’t We Be Friends?

Matt Curry | February 13, 2019

By Matt Curry According to the 2019 AMEX Global Meetings & Events Forecast,1 the meetings industry is in a period of consistent growth, with small but meaningful increases projected in meeting sizes, length, and number of attendees. And although trend data2 supports that room night share, guest-paid RevPAR, and group ADR have been relatively flat, the group/meetings customer segment remains a strong and steady source of hotel business. Business meetings, conventions, sports tournaments, educational gatherings, and others all provide lucrative opportunities for hotels. They are sources of repeat business, fill rooms during off-peak t...

Could Your Storage Space Be Your Largest Source of Ancillary Revenue?

Stasher | January 22, 2019

Revenue management is fundamental to any hotel operation - so why doesn't your luggage room receive the same attention? Many hotels have embraced the "sharing economy" by offering luggage storage to non-guests through Stasher, the world's first online luggage storage platform. Indeed, while Airbnb is often thought of as the arch nemesis of hotel owners, the model is driving a market that hotels are now directly benefiting from. Backed by and Expedia, Stasher connects travellers looking for reliable, short-term storage with hotels, shops and businesses eager to monetise their unused storage space. For hotels, it could not be m...

Tambourine: Use Data to Get More This Budget Season

Tambourine | August 20, 2018

This budget season, you'll need to prove how much hotel revenue you brought in or risk losing your funds. A successful hotel marketing budget not only requires the guts to ask for what you need, but the data to back it up. We're constantly pushing hotel marketers to attach numbers to their success and to keep track of hotel marketing metrics that matter, instead of simply touting website visitors, social media followers, ad impressions and email open rates. Nowhere does data become more critical than during budget season. Your owners care about bottom line results and hold your marketing team accountable for revenue just as much as they...

Golden Entertainment Selects Comprehensive Rainmaker Suite to Drive Guest Bookings and Increase Profitability

Rainmaker | May 22, 2018

Company to Implement Rainmaker's Industry-Leading Revenue Optimization Solutions at Two Properties ALPHARETTA, GA. — May 22, 2018 —The Rainmaker Group (Rainmaker), a leading provider of cloud-based hospitality revenue and profit optimization software, today announced that Golden Entertainment Inc. (NASDAQ: GDEN) has selected a comprehensive Rainmaker suite to drive competitive advantage at two of the company's Nevada properties. The agreement marks Rainmaker's expansion in the U.S. gaming market. Golden Entertainment wanted an integrated cloud-based revenue management suite that would streamline operations, drive guest booki...

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...

Modern PMS: The Ultimate Hotel Revenue Generator

January 18, 2018

By Jos Schaap CEO and Founder - StayNTouch Every hotel owner and manager strives for the same goal: delight guests while generating significant revenue and profits. But achieving this holy grail often proves elusive. Many hotels still perceive the property management systems (PMS) as a cost center. Quite the contrary. Today's modern cloud-based PMS platforms have the potential to increase the productivity of your team, the efficiency of your operations, increase your guest spend and impact your bottom line in many ways. In our latest guide, "Modern PMS: The Ultimate Hotel Revenue Generator", we highlight the top 6 ways the right hotel P...

The Rainmaker Group Wins Prestigious GGB Gaming & Technology Award

Rainmaker | September 28, 2017

Company's grouprev® Solution Takes Silver in 'Best Productivity Enhancement Technology' Category ALPHARETTA, GA. – Sept. 28, 2017 – The Rainmaker Group (Rainmaker), a leading provider of cloud-based hospitality revenue management software solutions, today announced that it has received the prestigious silver medal for its groundbreaking grouprev® solution in the 17th Annual GGB Gaming & Technology Awards. The award will be presented at next week's Global Gaming Expo (G2E) in Las Vegas. The Gaming & Technology Awards, sponsored by Global Gaming Business magazine, recognize excellence in innovation and practica...

Rainmaker Continues Strong Growth Trajectory with Record Setting First Half of 2017

Rainmaker | July 26, 2017

Leading provider of revenue and profit optimization software for the hospitality industry continues high growth momentum during first half of 2017 ALPHARETTA, GA – July 26, 2017 – The Rainmaker Group (Rainmaker), the hotel revenue and profit optimization cloud, experienced record setting growth through the first half of 2017, adding to its momentum in becoming the de facto standard in hotel revenue management software and services. Since January 2017 Rainmaker has expanded its reach in the number of properties using its platform, with a 41% increase in grouprev® and 21% increases in both guestrev® and revintel®....

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