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Articles tagged The 2016 Smart Decision Guide To Hospitality Revenue Management

The 2016 Smart Decision Guide To Hospitality Revenue Management

Researching Next-generation PMS? Here’s Your Evaluation Checklist

When it comes to selecting a next-generation PMS, most hoteliers are likely to have many of the same technology requirements on their 'must-have' lists. At the same time, the buying considerations are sure to vary widely from one hotelier to another depending on specific needs, including the category, size and typology of their property.

The 2016 Smart Decision Guide To Hospitality Revenue Management

Next-Generation Technologies Set the Stage for Hotel Revenue Growth

Ideally, a next-generation PMS should enable hoteliers to centrally manage, track, measure, analyze and optimize the constant flow of information across all parts of the organization in real-time. Ultimately, and most importantly, it should ensure that business operations run as efficiently and as effectively as possible.

The 2016 Smart Decision Guide To Hospitality Revenue Management

Revenue Management: 4 Recommendations That Hoteliers Can Take to the Bank

Next-generation revenue management solutions harness the power of big data. They calculate price sensitivity of customer demand, taking into consideration such factors as season, lead time and room type, and derive an analytical solution to competitive price effects.

The 2016 Smart Decision Guide To Hospitality Revenue Management

Hospitality Revenue Management: New EBook Helps Decision Makers Ask the Right Questions

Which solution is the right one for the organization? By asking the right questions, decision makers can quickly rule out some options while narrowing down others. Just as the buying considerations are bound to vary depending on property size, category and other factors, so, too, are the 'must-ask' questions.

The 2016 Smart Decision Guide To Hospitality Revenue Management

Hospitality Revenue Management: Segmenting for Success

According to a new Smart Decision Guide, Hospitality Revenue Management begins with a basic concept that nowadays we take for granted: market segmentation. The concept was formalized in the 1950s by a little-known economist named Wendell Smith, who viewed market segmentation as 'a heterogeneous market as a number of smaller homogeneous markets in response to differing product preferences.'

The 2016 Smart Decision Guide To Hospitality Revenue Management

New EBook Offers Roadmap to Success in Hotel Revenue Management

The 2016 Smart Decision Guide to Hospitality Revenue Management, an eBook published earlier this month by Starfleet Research, is now available for complimentary access. The eBook seeks to educate hotel and resort owners, operators, property managers and others who aim to bring the science of next-generation Hospitality Revenue Management to their businesses.

The 2016 Smart Decision Guide To Hospitality Revenue Management
Illustration of people checking in at a hotel

Hospitality Revenue Management: Three Key Considerations

The tools and services that enable hospitality revenue management are evolving rapidly in response to a number of factors. These include the proliferation of online travel agencies (OTAs) with differing pricing and commission structures, shrinking booking windows, the emergence of more advanced pricing strategies, and ever-more intense hotel competition.

The 2016 Smart Decision Guide To Hospitality Revenue Management
Illustration of people checking in at a hotel

Time to Upgrade Your Revenue Management Capabilities? New Guide Offers a Roadmap for Success

The guide is completely revised and updated from the 2015 edition, which was accessed not only by revenue management executives at hundreds of leading hotels, resorts and other lodging properties around the world but also by other hospitality executives planning to upgrade their revenue management capabilities.