Revenue Management 2020
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Revenue Management 2020
A place to explore revenue optimization in hospitality and tourism.
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Yield Management & Skiing: Lift Tickets Meet a Pricing Model That ...

Yield Management & Skiing: Lift Tickets Meet a Pricing Model That ... | Revenue Management 2020 | Scoop.it
On Monday we talked about yield management. And, more specifically, how this practices hinges on matching price to commitment. As you can already guess, the best illustration of this in the ski industry is Liftopia.
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Here's an application of the 5 Rights as applied to skiing.  

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Social media in hospitality industry: Tune-in to effectively manage ...

Social media in hospitality industry: Tune-in to effectively manage ... | Revenue Management 2020 | Scoop.it
Hotels no longer can afford to ignore the power of social media and this has been proven irrefutably the last year. Almost all the leading hotel chains are now focusing their efforts on reaching out and listening to the consumer ...
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The new reality in hotel revenue management - a check-list for 2013 ...

The new reality in hotel revenue management - a check-list for 2013 ... | Revenue Management 2020 | Scoop.it
A new year and many changes are on the horizon that are impacting heavily your hotel's pricing and distribution strategy.
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Seeking a new generation of revenue managers

Seeking a new generation of revenue managers | Revenue Management 2020 | Scoop.it
We created the first generation of revenue managers in what seems like a billion years ago. These individuals were often reservation supervisors or managers artificially extracted from their reservation environments (or simply ...
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The competition for talent continues ...

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Ritz-Carlton Bangalore Talks Revenue Management and Marketing Matters - Hospitality 1st (press release)

Ritz-Carlton Bangalore Talks Revenue Management and Marketing Matters - Hospitality 1st (press release) | Revenue Management 2020 | Scoop.it
Ritz-Carlton Bangalore Talks Revenue Management and Marketing Matters
Hospitality 1st (press release)
Without sound revenue management practices a hotel business simply cannot grow.
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2013 Hotel Mobile Technology Trends | HeBS Digital Blog

2013 Hotel Mobile Technology Trends | HeBS Digital Blog | Revenue Management 2020 | Scoop.it

Mobile is an important travel planning and hotel distribution channel; a channel that hoteliers must embrace to be successful in 2013. One of the most notable developments this year is that the terms “mobile marketing” and “mobile technology” really evolved to include not just mobile phones. Tablet devices such as the iPad, Samsung Galaxy and Google Nexus quickly became a significant part of the travel planning and booking process. To make matters even more complicated, while mobile phone and tablet devices are considered “mobile” devices, they should be treated as separate distribution channels with their own respective marketing initiatives. 

 

Hoteliers that recognize there is a need to deliver content tailored to each device will generate incremental revenues, steal market share from competitors, improve ADRs and RevPARs, and decrease dependency on the OTAs in 2013. To steer hoteliers in the right direction, HeBS Digital has prepared the top trends in hotel mobile technology for 2013, complete with recommendations:

 

Click headline to read more--


Via Chuck Sherwood, Senior Associate, TeleDimensions, Inc
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What Is Revenue Performance Management?

What Is Revenue Performance Management? | Revenue Management 2020 | Scoop.it
What exactly is revenue performance management? It's not as complicated as you may think it is. (What is Revenue Performance Management?
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Get a Grasp on Guests with Hospitality Industry Marketing Analytics ...

Get a Grasp on Guests with Hospitality Industry Marketing Analytics ... | Revenue Management 2020 | Scoop.it
Viraj Patel is working with MaassMedia as part of Cornell University's externship program. He has worked predominantly in the hotel and retail furniture industries. In his free time he enjoys watching movies and following his ...
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STR Analytics to oversee HOST program - Hotel News Now

STR Analytics to oversee HOST program - Hotel News Now | Revenue Management 2020 | Scoop.it
STR Analytics, which is part of the STR family of companies, provides in-depth data analysis and consulting services to the hotel industry. “STR is looking forward to having STR Analytics oversee the HOST Program ...
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What NOT to do in Revenue Management | REVPAR GURU-RESULTS IN REAL-TIME

What NOT to do in Revenue Management | REVPAR GURU-RESULTS IN REAL-TIME | Revenue Management 2020 | Scoop.it

Via Hands-On Hospitality & Tourism
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Hands-On Hospitality & Tourism's curator insight, February 27, 2013 6:48 PM

"So let’s get down to business. Here are five things NOT to do in revenue management."

 

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Miami a hive of hotel activity | Hotel Management

Miami a hive of hotel activity | Hotel Management | Revenue Management 2020 | Scoop.it
Local officials say the number of hotels being built or renovated is unprecedented. RevPAR is up 17.5 percent and room rates are up 17 percent. In addition, the city's visitor numbers have surpassed prerecession numbers.

Via Frances Ramos
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Rethink Revenue Management: 3 Ways to Avoid Common Pitfalls - Spend Matters

Rethink Revenue Management: 3 Ways to Avoid Common Pitfalls - Spend Matters | Revenue Management 2020 | Scoop.it
Rethink Revenue Management: 3 Ways to Avoid Common Pitfalls
Spend Matters
Spend Matters welcomes a guest post from Michael Kerman, the Director of Industry Development at Revitas.
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