revenue management
Dynamic Pricing, Perishability, Decoupling in India’s Service Industry
Ajay Mehtani | October 20, 2020
By Ajay Mehtani We have heard these words often enough while discussing pricing, revenue management and demand management in our industry. We try and analyze our current approach and what the future may entail in case we wish our hotels to improve yields. In some of our previous articles we discussed the need for the hotels sector to measure revenues per square foot as an industry benchmark for total revenue management. In this article we are initiating a discussion about pricing power & revenue management. Airlines have been leading on dynamic pricing in the services sector The aviation industry has the most advanced dynamic p...
IDeaS and Host Hotel Systems Implement Two-Way Data Integration
IDeaS | October 14, 2020
Hotel technology partners combine industry-leading automated solutions to increase productivity and profitability MINNEAPOLIS—Oct. 14, 2020—IDeaS and Host Hotel Systems have announced a two-way data integration to provide hotels with the most advanced science and automation to optimize the front- and back-office operations while maximizing revenue performance. The collaboration automates the seamless transfer of information between IDeaS’ revenue management solutions and Hostpms Property Management System (PMS). Accurately forecasts true demand – By streamlining the exchange of data between the Hostpms PMS and IDeaS RMS and G3...
Introducing MAX™, An Interactive Hotel Revenue Performance Platform
Revenue Matters, LLC. | October 13, 2020
Free trial subscription during Q4 2020 and 2021 discounts for first 25 properties Revenue Matters introduces MAX™, a proprietary, interactive hotel revenue performance platform designed exclusively for the hospitality industry. Now, hoteliers, owners, and asset managers can have access to this robust analytics tool to help with strategic planning, trend analysis, price positioning, occupancy and rate strategy, budgeting, forecasting, and more. Spend less time running reports and more time on analysis. MAX consolidates information from multiple sources and displays it in a user-friendly format to help you make smart decisions. Get a c...
Infor Unveils New Cloud-Based Revenue Management Functionality for Hoteliers
Infor | October 12, 2020
Science-infused Infor EzRMS provides new forecasting capabilities and real-time optimization for hoteliers large and small NEW YORK – October 12, 2020 – Infor today announced significant updates to Infor EzRMS, a leading revenue management application built specifically for the hospitality industry. Part of the Infor Hospitality suite of cloud-based solutions, Infor EzRMS is designed to help hoteliers better optimize revenue by automatically calculating demand forecasts and recommending appropriate selling strategies based on data such as day-of-week patterns, booking lead-time and the number of guests per room. Through a combination o...
Suitcase Hospitality Group Optimizes Revenue Management With Infor
Suitcase Hospitality | October 6, 2020
Infor EzRMS solution to help increase revenue from room sales through intelligent, self-learning features RUEIL-MALMAISON, France – 6 October 2020 - Infor today announced that French hotel group Suitcase Hospitality is continuing to deploy Infor's EzRMS revenue management solution across its properties to standardize its practices across all of its facilities. The cloud-based solution, based on AI (artificial intelligence) and its extensive learning capabilities, provides hospitality professionals with enhanced revenue management functionality and advanced tools to help improve customer service, in particular to better anticipate the com...
Luxury Resort in Hawaii, Prince Waikiki, Selects Cendyn
Cendyn | September 17, 2020
Prince Waikiki selects Cendyn's Revenue Cloud products to power revenue management and business intelligence at their resort Boca Raton, FL, United States – September 17, 2020 – Cendyn, the leading innovator in CRM, sales, and revenue strategy for the hospitality industry, announces Prince Waikiki has selected rainmaker and revintel to power revenue management and business intelligence for their premier resort in Hawaii. Located in Honolulu’s heart, Prince Waikiki features 563 guest rooms, 33 luxury suites, top-rated restaurants, and nearly 20,000 sq. ft. of event space on Ala Wai Yacht Harbor. Choosing Cendyn as their revenue mana...
Asset Owners/Managers: Your Path Forward
Robert Post | September 16, 2020
By Robert Post Congratulations! If you are reading this and still have your properties operating at some level, you've survived the first wave of COVID-19 and the economic recession/depression that has accompanied it. As much as I would like to announce that bad news is largely behind us, we actually face something much more complicated for the next 24+ months: uncertainty. Uncertainty around the virus, how the public will respond, therapeutics vs. vaccine, but the endless amount of speculation is frankly wasted effort. In human history this isn't the first time a pandemic and recession have impacted the human race. So, although we may w...
IDeaS Intern Program Makes WayUp 100 List in U.S. for Second Year
IDeaS | September 3, 2020
Hospitality technology leader supports rising talent through its extensive internship program MINNEAPOLIS—Sept. 3, 2020—IDeaS was once again listed in WayUp’s Top 100 Best Internship Programs in the United States. WayUp, the go-to job placement platform used by millions of early-career professionals, releases the top 100 internship programs each year. The companies that made the list were selected by a panel of industry expert judges and thousands of public votes. View the complete list here: https://www.nationalinternday.com/top100-2020. IDeaS U.S. intern program – Created in 2014, the IDeaS intern program continues to gro...
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Today's News
Radisson Hotel & Conference Center Green Bay Completes Extensive $23 Million Renovation
Deal Activity in Travel & Tourism Sector Declined by 11.3% During September
The Indigo Road Hospitality Group Acquires The Skyline Lodge in Highlands, North Carolina
Pendry Hotels & Resorts Plans Spring 2021 Opening of Pendry Chicago
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