revenue management

Minneapolis Star Tribune Names IDeaS a 2019 Top Workplace

IDeaS | June 25, 2019

Top Workplaces recognizes the most progressive companies in Minnesota based on employee survey Tweet This: @IDeaS_RevOpt has been named one of the Top Workplaces in Minnesota by the state’s largest newspaper, @StarTribune. #topworkplaces #startribune MINNEAPOLIS—June 25, 2019—IDeaS Revenue Solutions has been named one of the Top Workplaces in Minnesota by the Star Tribune, the state’s largest newspaper. A complete list of those selected is available at StarTribune.com/topworkplaces2019 and was published in the Star Tribune’s Top Workplaces special section on Sunday, June 16, 2019. Top Workplaces recognizes the most progressiv...

HSMAI ROC: NextGuest Partner Insights Workshops You Won’t Want to Miss

NextGuest Digital | June 17, 2019

Hospitality Sales and Marketing Association International will be hosting its annual Revenue Optimization Conference on June 18-19. The 2019 HSMAI ROC conference is part of The Hospitality Industry Technology Exposition and Conference, which is being held this year in Minneapolis. This event is designed for hotel marketing and revenue leaders to learn about fresh and innovative initiatives that will drive revenue for their hotel and stand out in the hospitality industry. The conference is the largest of its kind in the world. Fresh from its recent rebrand, NextGuest will be in attendance and speaking about the latest in hospitality. Former...

Infor Hospitality Continues to Invest and Innovate in Products and Service

Infor | June 17, 2019

Infor Wins Confirmit Achievement in Customer Excellence Award for 10th-Straight Year NEW YORK –June 17, 2019 – Infor, a global leader in business cloud software specialized by industry, today announced its significant product investment and commitment to its Hospitality suite of solutions. Over the past fiscal year ending April 30, 2019, Infor has overhauled product suites, partnered with leading companies, acquired organizations to expand its breadth of products, and received significant acknowledgement for industry-leading customer service. Infor’s solutions and acquisitions delivered new and expanded relationships with more than 4...

Industry Veteran Greg Myers Joins IDeaS as Chief Client Officer to Advance Best-in-Class Client Experience

IDeaS | June 6, 2019

30-plus years of innovation, ongoing evolution of client relationships and a passion for being the "voice of the client" drive selection of Myers Tweet This: @IDeaS_RevOpt announces the selection of Greg Myers as its chief client officer. With 30+ years of experience in the software field, Myers will bring a new level of excellence to the leader and pioneer of revenue management software. www.ideas.com/news #revenuemanagement MINNEAPOLIS—June 6, 2019—IDeaS, the leader and pioneer of revenue management software announced today the selection of Greg Myers as its chief client officer effective June 3, 2019. Myers brings more t...

Hotel Revenue Management Expert Launches Consulting Firm

May 28, 2019

San Francisco, CA – With hotels in the U.S. and globally preforming at record-breaking rates (STR, 2018), a new service is available to help underperforming properties get their part of the pie. Rob Sudakow, an expert in revenue management across the hotel spectrum, has launched RevUp Consulting to help distressed hotels build stronger bottom lines. RevUp offers a complete system, including revenue management, budget forecasting, competitor evaluation, e-commerce, and distribution. Clients can choose to have a virtual hotel revenue manager specifically for their property. With this service, clients receive hands-on support that is...

How Hotel Design and Concept Development Can Benefit From Revenue Management Insights

Patrick Landman | April 30, 2019

By Patrick Landman Over the last few years we have gotten more and more involved in the businesses of our hotel clients. We have seen a clear difference in revenue and profitability in hotels where we got involved at project definition stage vs coming in at pre-opening. There are many key points that increase the revenue potential of a hotel or resort, which architects, designers and investors are overlooking. And we are not talking about pocket change. I estimate the upside by utilizing revenue management insights to be easily 10% to 25% in top line income. Just think about how much this would impact your bottom line profit. We have de...

In Revenue Management, You Can Have Good Timing AND Good Forecasting

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...

Hotel Revenue Leaders to Convene at HSMAI’s ROC Americas in Minneapolis

HSMAI | April 25, 2019

ROC Americas is the world's largest gathering of travel industry revenue professionals (McLean, VA, April 25, 2019) The Hospitality Sales and Marketing Association International (HSMAI) is convening hotel revenue professionals for two days of education, collaboration, and innovation at its ROC Americas in Minneapolis, Minnesota. ROC 2019 will be held June 18–19 and is co-located with HITEC 2019. The event is the world's largest gathering of revenue professionals in the travel industry with more than 650 in attendance. With powerful educational and networking opportunities, ROC is the must-attend conference of 2019 for learning...