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This guide is intended for decision makers, including hotel and resort operators, property managers and owners, who are looking to bring the science of next-generation Hospitality Revenue Management to their businesses.
Few systems that hoteliers interact with are as analytically advanced as their revenue management system – and these systems also need to keep up with business changes. Is your system keeping up?
This paper provides recommendations on how to think about your revenue management in the age of Big Data.
Historical demand has long been a critical component of dynamic pricing and Revenue Management Systems. An even more critical requirement for Revenue Management Systems is the unconstrained demand, which is the true demand for a particular product in the absence of any limitations such as when a room or seat is unavailable to purchase.
Businesses in virtually every industry recognize the need to take a more holistic approach to their forecasting and revenue optimization.