Articles tagged “IDeaS”

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

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

IDeaS Revenue Solutions + Skift

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.

5 days ago

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

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

Sean O'Neill, Skift

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.

2 months ago

Hotels Strive to Get Savvier About Forecasting Total Revenue

Hotels Strive to Get Savvier About Forecasting Total Revenue

Sean O'Neill, Skift

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.

3 months ago

Hoteliers Take a Harder Look at How They Set Room Rates

Hoteliers Take a Harder Look at How They Set Room Rates

Sean O'Neill, Skift

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

9 months ago

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

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

IDeaS Revenue Solutions + Skift

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.

1 year ago

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

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

Deanna Ting, Skift

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.

2 years ago

Why Hotels Envy Airlines When It Comes to Managing Revenue

Why Hotels Envy Airlines When It Comes to Managing Revenue

Sean O'Neill, Skift

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.

2 years ago

Meetings Industry Is Getting Savvier About Setting Prices

Meetings Industry Is Getting Savvier About Setting Prices

Sean O'Neill, Skift

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.

3 years ago