Articles tagged “revenue management”

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New Report: How Group Business Can Infuse Stability Into Hotel Revenue Management

New Report: How Group Business Can Infuse Stability Into Hotel Revenue Management

Cvent + Skift

In today’s uber-competitive group business space, technology can be a key differentiator. But to leverage the benefits that technology —and particularly data — provides, hotels must understand what capabilities and features they should acquire.

1 week ago

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How Small, Independent Hotels Are Using Tech to Be More Competitive

How Small, Independent Hotels Are Using Tech to Be More Competitive

Expedia Group Lodging Partner Services + Skift

Independent hotels struggle to keep up with larger hotels and chains when it comes to adopting the latest technology, thanks to high costs and complexity of implementation. However, they stand to benefit substantially if they adopt the right systems.

1 month ago

Budget Chain Oyo Can Be a Nightmare for U.S. Hotel Operators Despite Its Hype

Budget Chain Oyo Can Be a Nightmare for U.S. Hotel Operators Despite Its Hype

Dennis Schaal, Skift

Oyo has a hype machine to rival any brand. But beneath all of the disruption, some hotel owners complain its technology is unstable and lacks functionality, leaving them to clean up the mess. Growth for growth's sake may seem great for a unicorn-like valuation, but the hotel chain will need to grapple with flaws in its business model that can't keep pace.

2 months ago

Short-Term Rental Managers Look to Data for Smarter Pricing

Short-Term Rental Managers Look to Data for Smarter Pricing

Sean O'Neill, Skift

Nowhere is the need for a more tech-driven, business-oriented model for setting rates more clear than with short-term rental property management companies. Several startups aim to supercharge rate-setting with data-powered insights. But there's probably too many of these young companies for them to all survive long-term.

2 months ago

Oyo Turns to Danamica for Artificial Intelligence Firepower for Vacation Rentals

Oyo Turns to Danamica for Artificial Intelligence Firepower for Vacation Rentals

Danni Santana, Skift

Oyo is more than just a budget hotel operator these days. Investments into its vacation home rental business are proof of that.

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.

3 months ago

Private Equity Firm Accel-KKR’s Latest Fix: Hotel Enterprise Software

Private Equity Firm Accel-KKR’s Latest Fix: Hotel Enterprise Software

Sean O'Neill, Skift

The short-term goal of the deals is to win more work from hotel management companies. The long-term goal is to sell the combined portfolio. We look at the merits of Accel-KKR-owned Cendyn's acquisition of Rainmaker. We also look at potential acquisition targets.

4 months ago

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Skift Webinar: Machine Learning — Creating More Human Interactions for Travel Brands

Skift Webinar: Machine Learning — Creating More Human Interactions for Travel Brands

Epsilon-Conversant + Skift

Machine learning is revolutionizing the travel industry, where it has the potential to transform company activity related to marketing, customer service, e-commerce, and much more. In our recent webinar, we discuss how industry executives can make use of this powerful new tool.

7 months ago

Technology for Hotel Revenue Management Set to Boom: New Skift Research

Technology for Hotel Revenue Management Set to Boom: New Skift Research

Wouter Geerts, Skift Research

The large majority of hotels still rely on Excel spreadsheets, trial and error, and gut feeling when setting prices. In an increasingly complicated distribution landscape, many will start looking at revenue management tech to improve performance.

8 months ago

Why Hotel Revenue Management Needs to Be a Priority: New Skift Research

Why Hotel Revenue Management Needs to Be a Priority: New Skift Research

Wouter Geerts, Skift Research

Revenue management systems play an important role in automating pricing, but hotels should not see these as a one-stop solution to all their problems. There are bigger strategic questions that need answering.

8 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.

8 months ago

Kiwi.com Wants to Disrupt How Airlines Price Long-Haul Airfare

Kiwi.com Wants to Disrupt How Airlines Price Long-Haul Airfare

Brian Sumers, Skift

Travel hackers have long known about the risks and rewards of throwaway ticketing. But one enterprising entrepreneur is trying to bring the method to the masses. Airlines are not happy.

8 months ago