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There are many commercial revenue management systems (RMS) available today. Although there are a growing number of new and exciting developments in Revenue Management analytics, there…
What is Dynamic Pricing? In this series we will discuss many of the revenue strategies and products that are available to hotels today. Let’s start…
The hospitality industry has been following revenue management practices for decades now. Today, dynamic transient pricing is considered the industry standard for pricing guest rooms.…
Reputation pricing is a new and exciting way of utilizing your reputation data in hotel management. Reputation Pricing aligns your hotel’s pricing strategy with guests’…
Hotel revenue management today has a rather established set of tools, business processes, and expertise to support effective room revenue optimization. Revenue Managers are…
Historical demand has long been a critical component of dynamic pricing and Revenue Management Systems (RMS). An even more critical requirement for RMS is…
In Part 1 of our series on Big Data in Revenue Management we discussed that, when it comes to incorporating big data into Revenue Management…
For some time, the biggest buzz in business has been around the advent of big data and its application to hospitality and specifically, Revenue Management…
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