data analytics
Cloudbeds Urges Independent Hoteliers to Consider New Ways to Hedge Inflation in 2024
Cloudbeds | March 27, 2024
Cloudbeds’ 2024 State of Independent Lodging Report reveals independent hoteliers can no longer rely on average daily rate (ADR) increases to counter high inflation in 2024. The technology provider advises lodging businesses to explore further avenues to boost their bottom line, particularly in food, parking, ancillary fees, and non-refundable rates. Cloudbeds’ findings are grounded in data from 10,000+ independent properties across more than 100 countries worldwide. San Diego, CA – Cloudbeds, the hospitality management platform powering more reservations and happier guests for independent lodging businesses around the gl...
Why Democratizing Data Is the First Step to Successful Revenue Performance
Andrew Rubinacci | March 21, 2024
By Andrew Rubinacci Today, most hotels possess more data than they know what to do with. And like most businesses that have jumped on the “data-driven” bandwagon, they quickly find themselves overwhelmed by the sheer quantity of data they end up with (to the point that some of what’s collected may fly under the radar). Case in point: 2.5 quintillion bytes of data are generated every single day. And roughly 90% of all the data ever created was developed in the last two years. So, there’s definitely no shortage of data. When such a plentiful supply of data is available, why are over half of the hospitality industry’s busine...
Katathani Collection Grows Resort Revenue by 15 Percent With IDeaS G3 RMS
IDeaS | November 1, 2023
Real-time analysis and precise room-type pricing elevate Thai-based resort’s revenue management approach SINGAPORE – Nov. 1, 2023 – IDeaS, a SAS company, the world’s leading provider of hotel revenue management software and services, today announced that Katathani Collection has grown revenues across two of its resort properties by 15 percent with IDeaS G3 Revenue Management System (RMS.) Katathani Collection adopted IDeaS G3 RMS across two properties: Katathani Phuket Beach Resort and The Shore. Katathani Collection is an award-winning, Thai-based hospitality group operating in Phuket, Khao Lak, and Chiang Rai. Faced with grow...
Desa Potato Head Adopts IDeaS G3 RMS Following Business Expansion
IDeaS | October 11, 2023
Hotel and resort in Bali turns to IDeaS to drive commercial performance and uncover new revenue SINGAPORE – Oct. 11, 2023 – IDeaS, a SAS company, the world’s leading provider of hotel revenue management software and services, today announced that iconic Indonesian hotel-resort, Desa Potato Head, has adopted IDeaS G3 Revenue Management System (RMS). Following a recent business expansion, this adoption will refine its revenue management approach and deliver room-type optimisation. Desa Potato Head recently expanded from a boutique property with 58 suite-only units to a diverse accommodation offering of 225 units, including suites an...
MDO Extends Leadership Position in Hotel Business Intelligence and Back-Office Automation With Acquisition of HelloGM
mdo | October 5, 2023
The acquisition of HelloGM further enables MDO to deliver data-driven solutions for the hospitality industry, equipping hoteliers to operate more efficiently and gain actionable insights from their data. ATLANTA, GA., OCTOBER 5, 2023 – MDO, a hotel data platform that centralizes and operationalizes critical performance and financial data for hotel companies, has bolstered its back-office automation and business intelligence capabilities with the acquisition of HelloGM. HelloGM, a centralized data analytics and automation platform, enables hotel operators to better understand property-level operating performance and automate previously...
IDeaS Announces a New Partnership With Starhotels
IDeaS | July 13, 2023
IDeaS to help Starhotels maximise revenue and profit potential across Italy and the UK through the adoption of its flagship G3 Revenue Management System LONDON — July 13, 2023 — IDeaS, a SAS company, the world’s leading provider of hospitality revenue management software and services, has announced that Starhotels will deploy IDeaS’ G3 Revenue Management System (RMS) to improve revenue generation and forecasting at 28 of its properties across Italy and the UK. The rollout will allow Starhotels’ properties to compete equally with international brands backed by advanced technology and strong revenue management practices. Starh...
IDeaS Expands Innovative Pricing Approach With Independent Products
IDeaS | June 21, 2023
New capabilities help hotels optimally price products based on unique demand patterns, make smarter pricing decisions, and boost incremental revenues MINNEAPOLIS—June 21, 2023—IDeaS, a SAS company, the world’s leading provider of hospitality revenue management software and services, announced today new capabilities for G3 RMS. Independent Products now allows hoteliers to optimally price each product based on its individually unique demand patterns and any linked rates associated with those products, down to the room-type level. Today, distribution processes and pricing decisions are complicated by complex configurations and limita...
5 Ways Gamified Service Optimization Is Attracting/Retaining Hotel Employees
Adria Levtchenko | March 28, 2023
The right workforce-management tools encourage professional growth and success and help hospitality — a profession where guests and workers come first — rebuild for a stronger future By Adria Levtchenko Gamification: A strategic approach to improve a business’ operations, efficiency, and worker satisfaction by drawing on natural inclination to complete tasks that can be tracked and subsequently rewarded. Gamification strategies are more effective than traditional workforce management tactics because they provide an equal sense of levity and control to the work environment. When used properly, both workers and managers benefit fr...
