Beyond the track, The Olympic Games provide a once-in-a-lifetime opportunity for the host city's hospitality industry to take center stage. As the world's gaze turns to Paris in 2024, we're keeping a close eye on the performance of the city's hotels and short-term rentals.
Large scale events are significant revenue generators for hoteliers, injecting demand into markets and thus allowing hotel revenue managers to advertise much higher rates for their hotels during these periods.
In an age where competition has never been tougher, benchmarking is your compass. This guide provides an overview of benchmarking and best practices in revenue management.
We sat down with three Revenue Management experts, Virginia McShane, Joshua Clem, and Hudson Wood, to get some tips and tricks for tracking pickup and pace, communicating with other departments, and staying flexible in a dynamic market.
On a Wednesday morning, while making your way to the weekly revenue management meeting, you run into your GM, and during a casual conversation, you remark on how good the hotel's weekend was, only to be met with a thought-provoking response: 'Compared to what?'
Match days are driving big hotel room price increases in host cities across Germany, but many fans are waiting to see how their team progresses before pressing the button to book.
Data is the lifeblood of your business, and as a hotelier, it's what helps you make informed decisions, stay ahead of your competition, and ultimately, drive revenue.
This year’s Rock in Rio festival is seeing extremely strong demand signals, helping to set record prices in the city.
With Asia all wrapped up, Taylor touches down in Europe soon and, if anything, the Swift effect is even bigger for many European cities than any of her previous legs.
Due to what seems like an exponential rise in data complexity, combined with a reduction in time and resource, many Revenue Managers feel trapped, unable to extract the actionable insights they need to drive business performance - and the net is tightening. Luckily, hotel Business Intelligence (BI) is to the rescue.