ProfitAbility
What Is the Triple Bottom Line and How Does It Work?
EHL Hospitality Insights | March 5, 2024
In a world where corporate greed and profiteering have been cited as two of the primary drivers behind the ongoing cost-of-living crisis that’s increasing financial hardship across Europe, the idea that businesses could exist for any reason other than profit seems hard to fathom. However, there’s a school of thought, called the triple bottom line (TBL), which suggests that businesses should be just as committed to improving the lives of people and the planet as they are to boosting their profits. In this article, we’ll explore: What is the triple bottom line? What are the three Ps? How do they apply to the hotel and ...
How Online Platforms Help Independent Hotels Compete in the U.S.
July 17, 2023
By Maryam Mujica OTA participation boosts profitability and proves net positive for travel accommodations, particularly for smaller properties. This is how. The US accommodation market is iconic. It’s 1950’s motels lining empty desert roads, sun-soaked Miami beach resorts, old-world luxury with park views and much more besides. No wonder the US is the world’s largest tourism market and its third most visited destination. Even after 3 years of pandemic shutdowns and restrictions, hospitality entrepreneurs remain resilient. Due to increasing consumer demand, many are expecting 2023 to be their best year yet. The market remains dy...
Oxford Collection Partners With IDeaS to Increase Efficiency and Competitiveness
IDeaS | March 15, 2023
IDeaS G3 RMS selected for its automated central management and detailed forecasting capabilities MINNEAPOLIS—March 15, 2023 — IDeaS, a SAS company, the world’s leading provider of hospitality revenue management software and services, announced today that Oregon-based Oxford Collection chose to adopt G3 Revenue Management System (RMS) across all its 17 U.S. hotels to deliver precise pricing and forecasting, manage operational resources more economically, and increase market share. Given its goals to increase efficiency, expand operations, and remain nimble in the face of competition from larger brands, Oxford Collection needed a mo...
Agilysys Fiscal 2022 Fourth Quarter Revenue Rises 28.1% to Record $46.6M
Agilysys | May 18, 2022
Expects Fiscal 2022 Record Revenue of $162.6M to Grow to $190M to $195M in Fiscal 2023 Alpharetta, GA – May 18, 2022 - Agilysys, Inc. (NASDAQ: AGYS), a global provider of next-generation hospitality software solutions and services, today reported operating results for its fiscal 2022 fourth quarter and period ended March 31, 2022. Summary of Fiscal 2022 Fourth Quarter Financial Results Total net revenue was $46.6 million, compared to total net revenue of $36.3 million and $39.7 million in the fourth quarters of fiscal 2021 and 2020, respectively. Recurring revenue (which is comprised of support, maintenance and subscrip...
Protect Profitability With Your Digital Marketing Spend
Michael Bennett | November 10, 2020
By Michael Bennett The headwinds remain strong across hospitality. Yet, momentum is building – especially when it comes to digital marketing. At Cendyn, we’re seeing digital spend rebound to about 50% of the levels that it was towards the end of 2019, when spending was at the highest level we’ve seen. The outlook looks more positive into 2021, where larger brands are setting aggressive budgets in a bid to combat OTAs and maintain the profitability of direct bookings. Profitability has also taken pole position for smaller groups and independents. Even as many operate under strict occupancy restrictions (and thus limited revenu...
ProfitSword Recognized by Golden Bridge Business & Innovation Awards as a Leading Developer of Next Generation Business Intelligence Technology
ProfitSword | October 26, 2020
World’s premier business awards program names ProfitSword as a Silver Award winner for advancing capabilities in artificial intelligence and machine-learning to automatically detect variations in business performance. ORLANDO, Fla. – (October 26, 2020) – ProfitSword, the leading developer of business intelligence and data integration software for the hospitality industry, has been named a Silver winner by the 12th Annual Golden Bridge Business and Innovation Awards for its role in enhancing business intelligence capabilities with the recently launched ProfitAbility solution. An advanced dashboarding and data analytics platform that u...
ProfitSword Launches Hospitality Recovery Dashboard to Provide Industry With Insight Into Real-Time Market Performance and Future Outlook
ProfitSword | September 2, 2020
Latest in hospitality business intelligence software utilized to visualize a range of key performance indicators and now freely available to assist industry professionals with navigating the post COVID-19 environment. ORLANDO, Fla. – (September 2, 2020) – ProfitSword, the leading developer of business intelligence and data integration software, has unveiled its designing of an advanced hospitality market performance dashboard that can aggregate real-time metrics from businesses across the industry to present a comprehensive analysis of how recovery efforts are progressing and what hoteliers can expect from the marketplace in upcoming m...
ProfitSword Earns Recognition for Business Intelligence Innovation as Shortlist Finalist for 2020 SaaS Awards
ProfitSword, LLC | August 6, 2020
International software awards program lists ProfitSword’s ProfitAbility as a leading award finalist for its cutting-edge AI and machine-learning abilities in detecting business performance fluctuations. ORLANDO, Fla. – (August 6, 2020) – ProfitSword, the leading developer of business intelligence and data integration software, has been named as a finalist in this year’s SaaS (Software as a Service) Awards with its entry of ProfitAbility, a state-of-the-art business performance dashboarding and reporting platform. As a submission for the Award’s best SaaS product for business intelligence and analytics category, ProfitSword...
