Login
REVENUE MANAGEMENT
Search Results
September 23, 2024 | By Sean McCrackenRevenue managers look for greater influence, more sophistication to move the hotel industry forward

An emphasis on profitability, technology can help evolve the discipline

Hotel revenue managers and strategists are redefining their roles across the hotel industry and pushing for more sophisticated practices from broader commercial teams, experts say.

September 23, 2024 | BY SEAN MCCRACKEN
September 20, 2024 | By Trevor SimpsonStonebridge looks to cap off busy 2024 after acquiring Real Hospitality Group

Fourth quarter will be 'precarious' due to economy, presidential election

Stonebridge Companies is hoping to close a busy 2024 strong despite an uncertain economy and unpredictible political climate rearing its head in the fourth quarter.

September 20, 2024 | BY TREVOR SIMPSON
September 17, 2024 | By Trevor SimpsonGrowing market share a priority for Remington

Group bookings are trending in the right direction

NASHVILLE, Tennessee — Growing market share is the name of the game for Remington Hospitality in the remainder of 2024.

September 17, 2024 | BY TREVOR SIMPSON
September 11, 2024 | By Dan KubackiDon't overlook the middle: Limited-service hotels grow demand drivers, sustain rate levels

Upper-midscale and upscale hotels popular among investors, leisure guests and business travelers

It doesn't take a luxury spa, golf course or Michelin-starred restaurant to make a hotel a top revenue performer.

September 11, 2024 | BY DAN KUBACKI
September 10, 2024 | By Trevor SimpsonWhy hotel revenue managers want a 'bigger seat' at the table to make technology decisions

Artificial intelligence the key to increased efficiency, expanded roles

NASHVILLE, Tennessee — Technology is what helped the hotel revenue management discipline get to where it's at today, and it's technology that will forge the space's path forward, e...

September 10, 2024 | BY TREVOR SIMPSON
September 6, 2024 | By Dan KubackiHow Pivot is adjusting its hotel revenue, operations strategy amid a pullback in 'pure leisure'

Lifestyle hotel operator also has seen group demand slowdown across US portfolio

NASHVILLE, Tennessee — A lifestyle hotel operator of more than 30 properties in the U.S. has seen the ebbs and flows of leisure demand this summer.

September 6, 2024 | BY DAN KUBACKI
August 30, 2024 | By Terence BakerGroup demand in US normalizes but still lags transient

Planners optimistic attendee numbers will grow

NASHVILLE, Tennessee — There are signs that group demand is close to pre-pandemic levels at U.S. hotels, boosting the hospitality industry in the middle of the week.

August 30, 2024 | BY TERENCE BAKER
August 29, 2024 | By Trevor SimpsonFrom small player to key stakeholder: Hotel revenue managers on the discipline's evolution

Technology improvements, inception of online travel agencies shift the landscape

NASHVILLE, Tennessee — The revenue-management discipline has come a long way over the years, with advancements in technology serving as a game-changer in how the space is viewed in...

August 29, 2024 | BY TREVOR SIMPSON
August 28, 2024 | By Sean McCracken and Stephanie RiccaChinese Outbound Travel Strong but Shifting

Individuals, Not Tour Groups, Seek Hotel Experiences

The impact Chinese travelers have on global travel trends boils down to three elements: inbound, outbound and domestic patterns.

August 28, 2024 | BY SEAN MCCRACKEN AND STEPHANIE RICCA
August 23, 2024 | By Sean McCrackenFive Tips To Improve Hotel Forecasting

Best Practices Support a Qualitative Approach to the Process

NASHVILLE, Tennessee — Forecasting hotel performance often is described as both art and science, but data experts say the real key is prioritizing qualitative analysis and justifyi...

August 23, 2024 | BY SEAN MCCRACKEN
August 22, 2024 | By Trevor SimpsonHigher Group Occupancy Boosts Profitability for Hotels Despite Lower Rates

Operational Efficiencies Help Revenue Managers Regain Lost Ground

NASHVILLE, Tennessee — The best group travel mix will differ from property to property, but as the segment pushes closer to full recovery, noticing the trends associated with highe...

August 22, 2024 | BY TREVOR SIMPSON
August 20, 2024 | By Dan KubackiHotel Revenue Managers Share Best Practices for Team Alignment, Owner Conversations

Even the Most Tactical Revenue Strategists Need Coaching, Execs Say

NASHVILLE, Tennessee — Gone are the days when hotel companies didn't know what to do with their revenue managers. Now, revenue strategy is one of the key drivers of decision-making...

August 20, 2024 | BY DAN KUBACKI
August 15, 2024 | By Trevor SimpsonNext Phase of Hotel Revenue Management Centers Around Profits

Technology Helps Drive Additional Ancillary Revenues

NASHVILLE, Tennessee — Prioritizing profits over revenues and using technology to drive more opportunities outside of rooms is the next phase of revenue management in hospitality.

August 15, 2024 | BY TREVOR SIMPSON
August 12, 2024 | By Sean McCrackenUS Hoteliers Should Prepare for a Nationwide Pricing Transparency Law, AHLA Exec Says

Law Would Mirror California Regulation on Hotel Rates

NASHVILLE, Tennessee — Hotel pricing transparency from California is already changing how hoteliers present their rates nationwide, but those who haven't adjusted to the new regula...

August 12, 2024 | BY SEAN MCCRACKEN
August 9, 2024 | By Sean McCracken, Terence Baker, and Bryan WrotenHoteliers Look To Thrive in New Era of Transparency

AHLA Official Projects National Hotel Fee Disclosure Rules by Year's End

NASHVILLE, Tennessee — Hoteliers across the country face a reset on how they present rates, following a trend that recently started in California.

August 9, 2024 | BY SEAN MCCRACKEN, TERENCE BAKER, AND BRYAN WROTEN
August 8, 2024 | By Trevor SimpsonCommercial Strategy Teams Refine Collaboration, Leadership Skills

How California's Hidden Fees Laws Affects Hoteliers

Speakers at the recent 2024 HSMAI Commercial Strategy Conference in Charlotte, North Carolina, continued to push for more collaboration between sales, marketing and revenue-managem...

August 8, 2024 | BY TREVOR SIMPSON
July 29, 2024 | By Trevor SimpsonRevenue Managers Invest in Undergrad Students as Next Generation of Discipline

Leaders Push To Meld Communication, Analytical Skills of New Hires

CHARLOTTE, North Carolina — To obtain the best possible results, hotel revenue management leaders know they have to build out a strong team that is proficient in both calculating n...

July 29, 2024 | BY TREVOR SIMPSON
July 24, 2024 | By Trevor SimpsonRevenue Strategists Are Still Searching for Predictability Across Hotel Demand Segments

Hidden Fee Laws, AI Adoption Among Obstacles Revenue Managers Face

CHARLOTTE, North Carolina — The hotel industry is in a "new normal" environment, not necessarily fully recovered from the pandemic but distanced from most of the chaos that came wi...

July 24, 2024 | BY TREVOR SIMPSON
July 23, 2024 | By Sean McCrackenHoteliers Must Dig Deeper Into the Profitability of Demand

Even Direct Booking Channels Deserve Scrutiny, Experts Say

CHARLOTTE, North Carolina — The hotel industry can be overly focused on gross revenues and not look closely enough at the profitability of different channels, experts say.

July 23, 2024 | BY SEAN MCCRACKEN
July 22, 2024 | By Trevor SimpsonHotel Digital Marketers Need Better Metrics To Gauge Success

'Outdated' Return on Ad Spend Metric Clogs Conversations

CHARLOTTE, North Carolina — Digital marketers in the hotel space are ready to dump return on ad spend as a marquee metric.

July 22, 2024 | BY TREVOR SIMPSON
Show 10 per page
B4EB8E20-DC64-4B99-A040-D86BA251A3A1