Articles tagged “IDeaS Revenue Solutions”

News Blog

Hilton Finance Chief Touts Software for Supporting Pricing Power

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 performance. "I'd say we have a long history of being really good at revenue management, and it is part of our special sauce," said Kevin…

Sean O'Neill | 1 year ago

Hotels

Hyatt to Use More Automation When Setting Hotel Room Rates

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.

Sean O'Neill | 2 years ago

Hyatt to Use More Automation When Setting Hotel Room Rates
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Hotels

New Handbook: Revenue Optimization Strategies for New Hotels and Resorts

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 + Skift | 2 years ago

New Handbook: Revenue Optimization Strategies for New Hotels and Resorts

Announcements

Hotels Still Slow to Adopt Revenue Management Tech: New Skift Research

Sophisticated revenue management systems will undoubtedly become more commonplace in the hotel industry, but today still only a small minority of hotels use them. There is a lot of room left for growth, innovation, and disruption.

Wouter Geerts | 2 years ago

Hotels Still Slow to Adopt Revenue Management Tech: New Skift Research

Online Travel

This Tech Firm Is Using The Pandemic Pause to Help Hotels Be Smarter About Setting Room Rates

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.

Sean O'Neill, Skift | 3 years ago

This Tech Firm Is Using The Pandemic Pause to Help Hotels Be Smarter About Setting Room Rates
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Hotels

How Hospitality Revenue Managers Can Take a More Holistic Approach to Planning and Profitability

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.

IDeaS Revenue Solutions + Skift | 4 years ago

How Hospitality Revenue Managers Can Take a More Holistic Approach to Planning and Profitability

Coronavirus

How Should Hotels Set Room Rates Now and After the Coronavirus Crisis?

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.

Sean O'Neill, Skift | 4 years ago

How Should Hotels Set Room Rates Now and After the Coronavirus Crisis?

Hotels

Hotels Strive to Get Savvier About Forecasting Total Revenue

Software may be eating the world, but in hotel tech it's still munching on the appetizers. Hotels have only begun to automate operational forecasts, such as how much revenue restaurants on a property may bring in or how much group business a hotel might steal from a crosstown rival.

Sean O'Neill, Skift | 4 years ago

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Hotels

New Skift Strategy Deck: Rethinking Revenue Strategy — A Hotelier’s Guide to Thriving in an Era of Disruption

Hoteliers are under pressure to deliver high profit margins, but are saddled with bulky legacy revenue systems. While transforming all operations might appear daunting, having the right technology strategy is crucial to driving profits.

IDeaS Revenue Solutions + Skift | 5 years ago

New Skift Strategy Deck: Rethinking Revenue Strategy — A Hotelier’s Guide to Thriving in an Era of Disruption

Hotels

Hotels Are Discovering Back-of-House Uses for Voice Technology

If voice technology can do more than help facilitate guest requests for forgotten toothbrushes, there's a good chance it will be more than the latest hotel tech fad.

Deanna Ting, Skift | 6 years ago

Hotels Are Discovering Back-of-House Uses for Voice Technology