Page 3

Articles tagged “revenue management”

Free Read

Travel Technology

5 Tips for Unlocking Ancillary Revenue Throughout the Traveler Journey

Selling unbundled services doesn’t automatically translate to bottom-line results. As travel brands navigate the road to recovery, a successful ancillary strategy relies on a balance of human creativity and machine-based learning to deliver the right message about the right product at the right time.

5 Tips for Unlocking Ancillary Revenue Throughout the Traveler Journey
Free Read

Travel Technology

How Artificial Intelligence Is Optimizing Airline Ancillary Revenue

Deep learning and artificial intelligence (AI) are helping airlines connect the dots to achieve total revenue optimization. Ancillary strategies, which produce higher margins by influencing the right differentiated purchases at the right time, are increasingly important to this goal.

How Artificial Intelligence Is Optimizing Airline Ancillary Revenue

News Blog

Hotel Tech Vendor Mews Launches Investment Arm

Salesforce-backed Mews has launched a dedicated investment arm called Mews Ventures. The company, which provides enterprise software to hotels with what’s commonly known as a property management system, or PMS, said it wants to help shape the future of hospitality. Mews Ventures will focus on three areas: transformation, partnerships and product boosts. Mews founder Richard…

Hotels

Amadeus to Use Marriott and IHG Deals as Hotel Tech Springboard

Say what you will about Amadeus, it undeniably dreams big, audacious dreams. At a time when many institutions pursue small solutions for trivial problems, the travel tech titan has big hopes for reshaping how hotels operate and sell their themselves online.

Amadeus to Use Marriott and IHG Deals as Hotel Tech Springboard

Hotels

Hotels Test Custom Room Rates That Appeal to Guest Tastes

Hotels have talked about attribute-based selling for years. Yet a new study gives more support to the concept, where a traveler chooses perks, such as a view from a high floor, to get a bundled price upfront.

Hotels Test Custom Room Rates That Appeal to Guest Tastes

News Blog

Amadeus Launches Market Forecasting Tool for Hoteliers

Amadeus said on Wednesday that it had launched a market forecast capability "to help hoteliers accurately track revenue and manage costs." The tool is part of its business intelligence software suite, RevenueStrategy360, for hotels that it expanded after its acquisition of TravelClick several years ago. "Most tools today look at historical data, but ours focuses…

Business Travel

Inflation Prompts Corporate Travel Buyers to Hold Off Negotiating Hotel Rates for 2023

Companies are holding their nerve, because hotels have the upper hand right now when it comes to dictating rates. It’s a gamble leaving negotiations until so late, but you have to question how long prices can keep climbing.

Inflation Prompts Corporate Travel Buyers to Hold Off Negotiating Hotel Rates for 2023
Free Read

Hotels

Digital Transformation: 5 Need-to-Know Insights for Hospitality Revenue Managers

Revenue managers have much to gain from digital transformation, from providing them with new ways of analyzing and converting data into timely decisions, to increasing reliability and flexibility — all while enhancing the on-site guest experience.

Digital Transformation: 5 Need-to-Know Insights for Hospitality Revenue Managers

Hotels

Sonder Slashes Workforce by More Than 20 Percent, Including Top Tech Exec

The hospitality brand has had to take action to reassure investors it's not over-stretching itself, because they'll now be expecting much higher revenues as travel roars back.

Sonder Slashes Workforce by More Than 20 Percent, Including Top Tech Exec
Free Read

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.

New Handbook: Revenue Optimization Strategies for New Hotels and Resorts