As we navigate through 2024, the hospitality sector is undergoing a transformative phase, heavily influenced by the integration of cutting-edge technologies and innovative strategies. One noteworthy trend is the increasing adoption of revenue management technologies in the hotel industry, a movement gaining momentum in recent years. Why Are Hotels Embracing […]
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In “Hotel Technology Trends: Upcoming Innovations of 2024 You Must Know,” you’ll discover the latest developments in hotel technology. Getting Smart with Hotel Tech A smart hotel uses a range of internet-connected devices to make operations more efficient and provide a higher standard of experience for guests. IoT-enabled devices can […]
Find more guests by tapping into lookalike guest profiles and automated tailored messages Streamline the booking processes with intuitive packages and enhanced call centers Grow revenue, providing personalized and tailored promotions and offers By maximizing the use of data across the right channels, hoteliers are able to better connect with […]
With 40% of Americans traveling more in 2024 (1), the hospitality industry has seen a significant surge in demand. This uptick in travel presents a golden opportunity for hotels to increase revenue — but to capitalize, they must differentiate themselves in a crowded market. In this article, you’ll learn how […]
They only require a small amount of electricity to do this, which is more than offset by the savings they provide. Greening Your Hotel, Growing Your Profits: Hotel Energy Solution Benefits In this section, you’ll learn more about the many benefits of adopting hotel energy solutions to reduce the energy […]
If you’re still using incandescent lighting or older energy-saving bulbs, it’s time to switch for a brighter future. Cut Costs with Smart Climate Control Whether you’re cooling your hotel in the summer heat or keeping your winter visitors cozy, climate control is a major concern. While any business needs to […]
To understand why choosing the right hotel energy solution is important, it’s useful to consider the hotel industry as a whole. The hotel industry is part of the hospitality industry; there’s a lot of overlap between hotels, restaurants, spas, tour companies, and other hospitality businesses. Unlike other businesses in the […]
Ensure your prices are always competitive and use changes in rivals’ rates to inform your decision-making. Implement Flexible Rules for Room Rates: Create clear rules for room rates that allow adjustments to be made swiftly in response to changes in market conditions, including demand or the presence of nearby events. […]
Everyone should ask themselves: how can I stay relevant in the coming years where the starting point is embracing change? My advice is to be open to ongoing change. The market will require this type of flexible attitude, not only to thrive but to survive as well.” Massimiliano Terzulli Massimiliano […]
While there are still Excel spreadsheets out there, there has been a real push with most RMS to utilize the benefits of algorithms to speed up processes. Machine learning has been utilized to enable more advanced analysis, forecasting, and decision-making. As such, I believe that Artificial Intelligence will just add […]
Artificial Intelligence is nothing new to Revenue Management. It has been around since we started using advanced Revenue Management Systems (RMS) and has become increasingly important. RMS has helped Revenue Managers shift their focus from tactical actions to strategic decisions. By automating most price changes and offering advanced reporting, these […]
Weirdness is common on the web. If we then talk about online shops, a potentially endless chapter opens up. Yet the strangest e-commerce in the world bring with them some lessons that in my opinion are very very interesting. It all started when I came across ShitExpress.com… from there I […]
