Articles tagged “revenue management”

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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.

4 weeks 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.

2 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.

2 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.

2 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.

3 months ago

Airlines Strike a Delicate Balance When Selling Discount Tickets

Airlines Strike a Delicate Balance When Selling Discount Tickets

Brian Sumers, Skift

Are you seeing more discounts in advance from Alaska Airlines? Maybe you're seeing fewer cheap seats in advance from United? This isn't a fluke. Both airlines have made changes to revenue strategies in recent months.

3 months ago

Hotels Tap New Tech to Clamp Down on Rogue Rates

Hotels Tap New Tech to Clamp Down on Rogue Rates

Sean O'Neill, Skift

Hotels are hiring companies to clamp down on online travel sites displaying cheap rates against their wishes. One of those startups, Fornova, has just bought smaller rival HotelsBI to broaden its rate-detection service. The deal is partly justified by the increasing tech spending on a cat-and-mouse-game between hoteliers and providers of rogue rates.

4 months ago

Southwest CEO: We Won’t Introduce Basic Economy

Southwest CEO: We Won’t Introduce Basic Economy

Dennis Schaal, Skift

Southwest has known for years that there is money to be made in differentiation and protecting your brand identity regardless of what Wall Street thinks. That's a factor in its decision not to launch basic economy or bag fees.

5 months ago

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How Meeting and Event Planners Can Master Smart Revenue Management

How Meeting and Event Planners Can Master Smart Revenue Management

IDeaS Revenue Solutions + Skift

Until recently, the meeting and event industry was playing a game of catch-up when it came to revenue management. But thanks to new available industry-specific tools, developing a well-executed revenue management strategy is a lot more attainable than it once was.

8 months 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.

10 months ago

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New Skift Report: A New Formula for Airline Success

New Skift Report: A New Formula for Airline Success

Amadeus Airlines + Skift

In our newest report, we investigate the potential of customized offer creation to transform the airline industry’s approach to marketing and revenue management.

12 months ago

Duetto Raises $80 Million to Give Hotel Booking an E-Commerce Makeover

Duetto Raises $80 Million to Give Hotel Booking an E-Commerce Makeover

Andrew Sheivachman, Skift

Duetto has raised more money to ramp up its operations and continue to develop its hotel revenue management platform. The space is crowded, but powerful software-as-a-service tools are needed desperately by hotel revenue managers.

1 year ago