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.
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.
Travel restrictions progressively being lifted around the world is clearly good news for our industry.
Cheryl Franz, Vice President, Learning & Organizational Development; Wendy Pong, Vice President, Asset Management; and Susan Weigel, Vice President, Revenue Management.
The scholarship is designed to help increase professional development opportunities in the field of revenue management. Under the first round of the program, six hospitality professionals were awarded scholarships based on their demonstrated excellence in revenue management and career aspirations.
Gopakumar Menon of Park Plaza Boston to Receive Distinguished Industry Award at HSMAI’s Revenue Optimization Conference
Tribe Implements TribalREV to Increase Profitability through Accurate Forecasting, Sophisticated Optimization, and Professional Revenue Management Resources at its Palm Springs and Rancho Mirage Properties