revenue technology
Special Report Highlights Hotel Investor Attitudes, Opportunities for Revenue Management Technology
IDeaS | September 7, 2023
Survey data reveals revenue technology is seen as critical for maximizing asset value and enabling commercial strategies MINNEAPOLIS—Sept. 6, 2023 — IDeaS, a SAS, company, the world’s leading provider of hotel revenue management software and services, released a special report in line with industry budget season. The report “Unlocking Hotel Performance: The Power of Revenue Management Technology Today,” includes key insights into how investors view revenue technologies, the role of artificial intelligence in hospitality, and how technology is reshaping hospitality commercial organizations. Key takeaways include: • Increa...
Duetto Reports Increased Adoption of Revenue Technology
Duetto | June 28, 2023
Revenue Management Platform Records a 30% Increase In New Hotels Joining the System San Francisco, June 28, 2023 - Duetto, the hospitality industry’s #1 Revenue Management System (RMS), has reported an increase in hotel revenue tech investment in the first half of 2023, as hoteliers continue to look for ways to improve revenue and drive team efficiencies. The cloud-based software-as-a-service provider has enjoyed a 30% increase in business in the first half of 2023, compared to new hotel subscriptions in H1 2022. “What is most impressive about our growth is that it has remained sustainable throughout the challenges of recent yea...
IDeaS Names Michael McCartan to Lead Growth Across Europe, Middle East, and Africa
IDeaS | March 6, 2023
McCartan joins global revenue management leader to accelerate the company’s growth, deepen hotel industry partnerships, and further expand IDeaS’ reach across the EMEA region MINNEAPOLIS—March 6, 2023—IDeaS Revenue Solutions, the world’s leading provider of automated revenue management software and services, announced today that Michael McCartan has joined the company as area vice president for Europe, the Middle East and Africa (EMEA) effective March 2, 2023. McCartan will drive the company’s growth and expansion in one of the hotel industry’s most strategic regions. McCartan spent more than 20 years as a dynamic pricing ...
How Technology Is Transforming the Future of Revenue Management for Hotels
David Millili | December 1, 2022
Next-generation tech delivers a unique competitive advantage and provides better conditions to predict, forecast, and boost future business, revenue, and profitability By David Millili If you ask any hotelier these days, “What is your focus now that demand for travel is returning?”, invariably, their answer will allude to improving pricing strategy and sales and enhancing revenue management capabilities. Why? Because the hospitality industry grapples with extremely high customer acquisition costs - one of the biggest challenges facing hotels of all types is to preserve margins. Not to mention, a typical hotel makes roughly...
How and Why Hotels Should Prioritize Spending on Tech
Mark Van Amerongen | October 9, 2018
By Mark Van Amerongen From payment securities and guestroom technology to amenities and even internal processes like revenue management, tech is everywhere throughout—and behind the scenes of—a hotel. But how should hoteliers prioritize investments into technology? What pieces of technology have the biggest impact on the customer experience? Which tech investments come with the biggest risk versus potential rewards? And what tech truly improves bottom-line results? These are tough questions, and hotel owners and operators who are on the front lines are grappling with these questions every day. And while definitive answers mi...
Revenue Technology: Are You Doing It Wrong?
Jessica Halterman | September 28, 2017
By Jessica Halterman Technology helps hoteliers figure out if they've got their hotel revenue strategy just right—or all wrong No two hotels are exactly alike, despite being in a chain or large portfolio Every hotel has unique marketing & revenue strategies Revenue technology can help every hotel master their unique business Recently, I read an article describing the right way to pack liquor in your luggage. And I have to be honest with you…I didn't know there was a wrong way to pack away booze. Apparently, using a couple of t-shirts and sending up an audible prayer during baggage check-in isn't everyone else's go-...
