Posts Tagged ‘RMS’

Phocuswright brings hotel tech talk Center Stage

by Jason Q. Freed, Managing Editor |

If it’s cutting-edge travel technology trends you’re after, the Phocuswright conference will not disappoint. The annual meeting shines the spotlight on technology startups looking to crack the space and pits them against one another in a battle of fundraising pitches.

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A New Kind of Hotel Demand — for Your Technology Partners

by Patrick Bosworth, co-founder and CEO |

You might not expect the leader of a hotel technology company to say this, but hotels need to be a lot more demanding of their technology vendors and partners.

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Predictive analytics is the future of hotel Revenue Strategy

by Ed Watkins, Contributing Editor |

In case you haven’t noticed, the hotel industry has changed significantly in the past decade, and in many ways revenue management is leading these changes. Specifically, at most hotel companies revenue management has evolved from just a rate-setting function to a strategic discipline that relies on predictive analytics to guide the entire enterprise’s quest for increased profitability.

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Six Things Predictive Analytics Can Tell You That Your PMS Can’t

by Sarah McCay Tams, Contributing Editor, EMEA |

A hotel’s property management system provides crucial information on average room rate, occupancy levels and RevPAR — all vital data sets for hotel revenue management. However, for in-depth forecasting, real-time market data and trends analysis, hotel revenue managers need to employ predictive analytics.

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5 Keys to Understanding the Value of Room-Type Pricing

by Jason Q. Freed, Managing Editor |

Suppose you operate a hotel with three room types: superior rooms, suites and pool villas. Because you’re in a warm climate, you’re anticipating high demand for the month of December. Looking 120 days into the future, how confident are you in your ability to determine the right incremental price increases between each of your room types?

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The Case for Hotel Revenue Intelligence

by Patrick Bosworth, co-founder and CEO |

The biggest pain point in hotel revenue management from the beginning has been the amount of time spent wrangling the right property-level data to make the best business decisions.

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