Articles tagged “IDeaS”

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.

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

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.

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.

Hotels Strive to Get Savvier About Forecasting Total Revenue

Online Travel

Hoteliers Take a Harder Look at How They Set Room Rates

Amateurs cut rates to fill hotel rooms. Pros take more sophisticated approaches, such as coordinating to stimulate demand from the most profitable customers.

Hoteliers Take a Harder Look at How They Set Room Rates

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.

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

Online Travel

Why Hotels Envy Airlines When It Comes to Managing Revenue

The revenue management industry picked an odd time to have an identity crisis, given the opportunity for additional profit that new rate-setting and distribution software could bring.

Why Hotels Envy Airlines When It Comes to Managing Revenue

Business Travel

Meetings Industry Is Getting Savvier About Setting Prices

Better late than never. Sales teams for meetings and events are finally starting to use software to forecast demand and extract the most money possible.

Meetings Industry Is Getting Savvier About Setting Prices