Articles tagged “IDeaS”

Egypt is making measurable progress in sustainable travel and tourism efforts, with two towns dedicated exclusively to sustainable travel. A recent report by Bain & Company highlights the small "eco-village"…

Aerospace designer and manufacturer Airbus has shared what they feel will be the next generation of passenger experience, with their sustainability and tech-driven Airspace Cabin Vision 2035+.

Maison Brummell Majorelle – an 8-room design-driven boutique hotel located in Marrakech – balances contemporary sculptural design with a traditional Moroccan undertone to stand out to design-minded travelers coming to Morocco.

Service is a premium for hotels coming out of the pandemic, but it's really hard to provide that service when workers are hard to come by. HotelKey is hoping the big brands see tech as part of the solution to the problem.

Hilton reported its third-quarter earnings on Wednesday. During a call with investment bank analysts, executives were asked what role the company's software for setting rates may play in the company's…

Hyatt's move to change its revenue management software foreshadows a broader trend. Expect more hotel companies to embrace automation while looking at a bigger picture than just the supply and demand of rooms.

IDeaS’ “Revenue Optimization Handbook for New Hotels” outlines how hotels and resorts can maximize revenue opportunities and commercial performance before opening and showcases why developing a structured pricing strategy is an essential part of the pre-opening phase.

IDeaS, which makes software to help hotel owners set their room rates, boosted its financial performance in 2020 without layoffs. But this year brings unique market conditions for its hotel customers. So a lot depends on the launch of its new service, Optix.

No matter the situation, hotel revenue managers need to figure out how to stack the right building blocks to forecast accurately, price with confidence, and maximize profitability. Taking small steps toward a more holistic approach to revenue planning and strategy is a smart — yet realistic — way to make this happen.

Granted, this crisis is unprecedented. Yet hotels worldwide can learn lessons from how hotels have faced regional shutdowns, such as in Asia-Pacific in recent months, in Las Vegas after the shooting rampage, and elsewhere after hurricanes and financial crises. Managing room rates and marketing offers is critical to making the most of a rebound in demand.