hotel revenue management
For Hotels, Revenue Is the Sprint, Profit Is the Marathon
HotStats | April 18, 2022
Usain Bolt is a sprint legend. At 9.58 seconds, he holds the world record in the 100 meters, making him the fastest human to ever put on running shoes and garnering the well-deserved nickname “Lightning Bolt.” The short time it takes to go 100 meters differs vastly from the longer time it takes to run a marathon. The 26.2-mile stretch is typically completed in a little more than two hours by champion distance runners. In the hotel industry, revenue is a sprint and profit is a marathon. For a runner like Bolt, all that matters is running fast—the revenue. So when the gun sounds, all he cares about is getting to the finish line as q...
Hospitality Financial Leadership: Why Your Hotel Needs a Daily “Pick-Up” Report
David Lund | April 18, 2022
By David Lund You might be reading this and saying to yourself, “Well, for sure every hotel needs a daily pick-up report.” But I bet you would be surprised how many hotels do not use their pick-up report and or they do not use it properly. They are missing the financial opportunity that a good strategy around the daily pick-up represents. I have never and will never profess to being any kind of an expert at hotel revenue management. I strictly see myself as a novice. The purpose of this piece is to point out how to use the daily pick-up report to inspire and invigorate your leadership team around the financial aspects of your busine...
MOB HOTEL Selects IDeaS for Pricing, Forecasting and Reporting Across Its Growing Portfolio
IDeaS | February 2, 2022
Paris-based hotel group set to drive greater operational efficiency and more competitive rates with IDeaS Pricing System LONDON — February 2, 2022 — IDeaS, a SAS company, the world’s leading provider of hotel revenue management software and services, announced today that MOB HOTEL will implement IDeaS Pricing System across its growing portfolio of eco-friendly, socially-minded properties in France and the United States. As MOB HOTEL expands, its manual, spreadsheet-based pricing process could no longer be sustained. The hotel’s revenue team selected IDeaS to achieve: • Scalable automation – IDeaS Pricing System automatica...
Millennium Hotels and Resorts Extend Partnership With IDeaS, Transition 40-Plus Properties to G3 RMS
IDeaS | December 1, 2021
Global hotel group selects IDeaS G3 RMS following thorough evaluation and piloting phase MINNEAPOLIS, MN — December 1, 2021 — IDeaS, a SAS company, the world’s leading provider of hotel revenue management software and services, announced today its expanded partnership with Millennium and Copthorne Hotels. Following a thorough market evaluation and piloting phase, the global hotel group will transition to IDeaS G3 Revenue Management System (RMS) at over 40 properties across Europe, North America, the Middle East and Southeast Asia. Millennium Hotels and Resorts (MHR) invested time and resources to conduct a live evaluation of leading...
Gillis Delivers $17M in Year-to-Date Revenue for Clients
Gillis | November 11, 2021
Dynamic Sales Solution provides increased revenue and profitability even during the pandemic DALLAS, TX — November 11, 2021 — Gillis, a, training and sales performance organization for hoteliers, announced today that its remote, full service sales for hire service – “Dynamic Sales Solution” (DSS) produced $17 million in actual revenue for its clients since January 2021. Hotels that have invested in sales strategies to prepare in advance of the return of travel are already seeing the impact of doing so. The Gillis DSS solution, a full-service, turnkey remote sales team, is designed to meet its clients’ individual, property-spec...
How Google Hotel Ads is Penetrating the Hotel Distribution Vertical, and the Opportunity This Presents for Hotels
Patrick Landman | August 13, 2021
By Patrick Landman Google is taking the hotel industry by storm to gain market share and grow their advertising revenues. We will take a look at how Google is penetrating the hotel distribution vertical with Google Hotel Ads, and what opportunities this gives in terms of hotel revenue management and marketing. From Hotel Finder to GHA Exactly ten years ago, Google launched what Andrew McCarthy, at the time Software Engineer for the Mountain View’s company, described as an “experimental search tool designed to help users locate and book hotels.” We’re talking, obviously, about Hotel Finder. In that d...
Park Regis Birmingham Partners With IDeaS for Greater Forecast Accuracy and Committed Support
IDeaS | January 27, 2021
LONDON — Jan. 27, 2021 — IDeaS, a SAS company, the world’s leading provider of hotel revenue management software and services, announced today Park Regis Birmingham has switched revenue technology providers to implement IDeaS G3 Revenue Management System (RMS). Switch Hospitality Management sought an automated RMS vendor for their 253-room, four-star property that it could trust to work closely with them to enable a smooth transition in the short term and enhance long-term profitability and efficiency. A trustworthy partner – Park Regis Birmingham values the dedicated support, proactive system monitoring, and industry expertis...
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 ...
