Uli Pillau from Ideas Revenue Management discusses the key areas hotels need to focus on when creating their hotel rates at the Hotel Website Marketing Conference www.hotelwebsitemarketing.com
By Hilary Freeman, Revenue Management Consultant.
The second part of this Availpro conference introduces you to the basics of Revenue Management and shows you some simple techniques for putting it into practice. The aim is to show participants how to analyse their business, assess future demand patterns and use competitive intelligence techniques to select the best possible pricing strategy in order to generate maximum revenue.
Tnooz-SiteMinder FREE TLearn webinar: How hotels can simplify today’s complex...tnooz
With so many different approaches to revenue management, today’s hotelier can find the best practice confusing.
And we know it can get very complex, very quickly.
The key to implementing a successful revenue management strategy is to keep it simple — don’t take on more than you can handle.
Simplifying your revenue management strategy is easier than you think, and there is plenty of smart and simple technology available to help your hotel along the way.
In this free TLearn webinar, SiteMinder will help your hotel cut through the clutter, focus on relevant data, and gain a better understanding of these key areas:
Read the signs: Is your revenue management approach too complex?
Revenue management rules: Five important lessons to learn
Be a data-driven hotelier: Use key metrics to increase revenue
Our presenters are:
Kevin O’Rourke, Executive VP of Global Sales, SiteMinder
Neil Corr, Senior Advisor, IDeaS
Sean O’Neill, Editor-in-Chief & Moderator, Tnooz
Gene Quinn, CEO & Producer, Tnooz
This free webinar took place on Tuesday, 4th of October 2016.
Hotel Management Course - Revenue management Concepts Manish Gupta
This short course will explain the basic fundamentals of hotel's revenue management. Objectives, process and practices. You can subscribe the course at https://goo.gl/ufSuqN or visit our website www.ehotelmanagementschool.com
Whitepaper - Beginner's Guide to Hotel Revenue ManagementDuetto
Revenue management has become synonymous with managing rates, but it is really much more and the first step to a comprehensive revenue strategy.
If you don’t know who your customers are and when they’re coming, it’s hard to properly manage your property and set rates to maximize profits. By using basic approaches to segment, forecast and price, operators can run their hotels more efficiently and profitably.
In this whitepaper you can read how you can get started with revenue management today by taking a few simple steps.
final report of the same class, strategic management. i guess i really like my teacher Tony, that's why i paid 10 hours to do the ppt. haha. Mr. Tony like it a lot, but some of the students told me they are scared by some of the ladys. by the way, strongly recommand: http://www.loriearley.com/
These are best practices of revenue management- rate discipline, information usage, and price prediction- are integral to a comprehensive revenue management strategy.
Tutorial introduction to revenue management for hotels hospitality seminar w...TOMEU PONS
New version: https://es.slideshare.net/tomeupons/advanced-revenue-management-for-hotels-1-lisbon-2016-english
The main objective of this seminar is to understand the purpose of revenue management in both technological and commercial terms.
With this information, a hotel can evaluate, develop and optimize its pricing strategy with the goal of maximizing profits.
Revenue Management is a method of managing sales of hotel inventory by applying yield management techniques.
Basic elements of Revenue Management used to manage inventory:
Historical data – statistics, demand and trends
Forecasts
Price management tools
Overall strategy
Pricing policies
The main factors in setting prices are:
Production costs
Market
Competition
Demand
Product positioning
tutorial Introduction to Revenue Management for Hotels Hospitality seminar- what is revenue management in hotel industry course
By Hilary Freeman, Revenue Management Consultant.
The second part of this Availpro conference introduces you to the basics of Revenue Management and shows you some simple techniques for putting it into practice. The aim is to show participants how to analyse their business, assess future demand patterns and use competitive intelligence techniques to select the best possible pricing strategy in order to generate maximum revenue.
Tnooz-SiteMinder FREE TLearn webinar: How hotels can simplify today’s complex...tnooz
With so many different approaches to revenue management, today’s hotelier can find the best practice confusing.
And we know it can get very complex, very quickly.
The key to implementing a successful revenue management strategy is to keep it simple — don’t take on more than you can handle.
Simplifying your revenue management strategy is easier than you think, and there is plenty of smart and simple technology available to help your hotel along the way.
In this free TLearn webinar, SiteMinder will help your hotel cut through the clutter, focus on relevant data, and gain a better understanding of these key areas:
Read the signs: Is your revenue management approach too complex?
Revenue management rules: Five important lessons to learn
Be a data-driven hotelier: Use key metrics to increase revenue
Our presenters are:
Kevin O’Rourke, Executive VP of Global Sales, SiteMinder
Neil Corr, Senior Advisor, IDeaS
Sean O’Neill, Editor-in-Chief & Moderator, Tnooz
Gene Quinn, CEO & Producer, Tnooz
This free webinar took place on Tuesday, 4th of October 2016.
Hotel Management Course - Revenue management Concepts Manish Gupta
This short course will explain the basic fundamentals of hotel's revenue management. Objectives, process and practices. You can subscribe the course at https://goo.gl/ufSuqN or visit our website www.ehotelmanagementschool.com
Whitepaper - Beginner's Guide to Hotel Revenue ManagementDuetto
Revenue management has become synonymous with managing rates, but it is really much more and the first step to a comprehensive revenue strategy.
If you don’t know who your customers are and when they’re coming, it’s hard to properly manage your property and set rates to maximize profits. By using basic approaches to segment, forecast and price, operators can run their hotels more efficiently and profitably.
In this whitepaper you can read how you can get started with revenue management today by taking a few simple steps.
final report of the same class, strategic management. i guess i really like my teacher Tony, that's why i paid 10 hours to do the ppt. haha. Mr. Tony like it a lot, but some of the students told me they are scared by some of the ladys. by the way, strongly recommand: http://www.loriearley.com/
These are best practices of revenue management- rate discipline, information usage, and price prediction- are integral to a comprehensive revenue management strategy.
Tutorial introduction to revenue management for hotels hospitality seminar w...TOMEU PONS
New version: https://es.slideshare.net/tomeupons/advanced-revenue-management-for-hotels-1-lisbon-2016-english
The main objective of this seminar is to understand the purpose of revenue management in both technological and commercial terms.
With this information, a hotel can evaluate, develop and optimize its pricing strategy with the goal of maximizing profits.
Revenue Management is a method of managing sales of hotel inventory by applying yield management techniques.
Basic elements of Revenue Management used to manage inventory:
Historical data – statistics, demand and trends
Forecasts
Price management tools
Overall strategy
Pricing policies
The main factors in setting prices are:
Production costs
Market
Competition
Demand
Product positioning
tutorial Introduction to Revenue Management for Hotels Hospitality seminar- what is revenue management in hotel industry course
Premier Hotel Management Institute in India
Hotels are amongst the most visible and important aspects of a country's infrastructure. Hotel Industry is a closely linked one to the Tourism Industry. A number of factors like promotion of tourism and rapid industrial progress have given a boost to Hotel Industry. The recent liberalization of trade and opening up of economy will further lead to revolutionary growth in this sector. ...
Start your Career in Hospitality Finance or Revenue ManagementHOSPA
A presentation aimed at University graduates looking to explore the potential for a career in Hospitality Finance or Revenue Management through studying on the HOSPA Education Programme.
The Post Graduate Programme in Revenue Management (PGPRM) is a one year programme including 6 months of class room learning and 6 months of on-the- job training facilitated by InterContinental Hotels Group (IHG). With Vedatya being the leader in research as well as academic discourse in the area of revenue and profit management, the programme promises to offer skills and knowledge required for a successful career in revenue management in the hospitality sector.
This advanced level specialized programme focuses at the strategic level implementation, offering valuable insights into the science of pricing and revenue management. The programme pedagogy involves contemporary curriculum, sound conceptual clarity, a spirit of enquiry through guest lectures and experiential learning through practical application. The 6 month long on-the-job training along with hands-on training through software simulation, is guaranteed to build industry ready professionals.
REVENUE MANAGEMENT STRATEGIES AND ONLINE DISTRIBUTIONErhan KAYA, MBA
Understanding Importance of Data & Education, Basics of Revenue Management & Building a Hotel Budget, Forecasting Demand, Market Segmentation & Hotel Competitive Analysis, Pricing Strategy, How to Increase direct sales, A Day in Hotel – What GM expects from Revenue Management Practice, Guest Satisfaction & Revenue, Latest Trends in Online Distribution Technologies, Revenue Management Education, How does usage of PMS affect Revenue Management Systems, Workshop – Revenue Management Software, Workshop - Online Distribution Technologies in Action
WEBINAR - How to Select a Hotel Revenue Management SystemDuetto
Hospitality revenue management has gone from being an evolving practice with uncertain financial upside potential to being a strategic imperative with predictable revenue outcomes. Indeed, when properly executed, it can deliver surprisingly large increases in revenue growth and profitability for practically any hotel property, regardless of size or category. Given all that, it’s no wonder that hotels and resorts across the board are coming to embrace the technology solutions that enable next-generation revenue management with unprecedented zeal. Yet, implementation of the right solution is only half the battle, and getting from here to there can be a daunting task for even the largest, most sophisticated hoteliers.
Telecom Billing's evolving role in post pc eraEhtisham Rao
With OTT proliferation in the mobile business, telecom operators are struggling to redefine the value of their services for operators. Business models abound, billing remains a key opportunity area for telecoms. this talk covers high level telecom interventions related to billing and their evaluation as source of sustainable competitive advantage.
Elevate 2017- Pricing evolution: The Road to Dynamic Offer GenerationATPCO
Many in the travel industry have discussed dynamic offer generation and the benefits it would bring to airlines and travelers alike. However, the road to implementing seemed uncertain or unrealistic until very recently. Hear how Farelogix, PROS, and Sabre are innovating and working with ATPCO to support dynamic pricing pilots and new pricing engine creation.
CRM (customer relationship management) and marketing go hand in hand. Understand the value of knowing your customer, and how to turn customer data into customer gold.
Every day retailers are faced with new challenges in connecting with the consumer. This discussion explores how standards can help in implementing new ideas based on the ever changing consumer quickly and efficiently.
Patrick Brand co-founder of Hoteliers.com discusses their non-commission model for hotel marketing and hotel booking engines at the Hotel Website Marketing Conference www.hotelwebsitemarketing.com
Presentation Hotel Website Marketing Be Curious V3CiaranDelaney
Thomas Dieben from BeCurious discusses hotel website design and marketing at the Hotel Website Marketing Conference in Amsterdam www.hotelwebsitemarketing.com
Casey Davy from Rate Tiger discusses the importance of distributing your hotels rates through third party websites at the Hotel Website Marketing Conference www.hotelwebsitemarketing.com
Mark discusses best practice examples of hotels using social media at the Hotel Website Marketing Conference in Dublin. Comment now at www.hotelwebsitemarketing.com/blog
18. Updating all channels at the same time Channel Management tool Revenue Optimization and Pricing Solution PMS/CRS Room Inventory Data CRS Restrictions and Pricing For GDS/Internet Channels WWW Restriction & Overbooking Controls GUI, ALERTS & REPORTS Data Extract Decisions/Pricing Upload Web Shopping Engine Internet channels
23. IDeaS – Integrating Decisions and Systems Global Regional Resorts / Casinos / Convention Hotels
Editor's Notes
If you are doing this manually…
IDeaS has developed a native web based application that we host from our data center. This allows our clients to quickly implement our solution without any hardware/software on site at a very low monthly cost – AND we have developed integrations with PMS/CRS, Web Rate Shopping and Rate Distribution partners to ensure that the right price gets deployed across all channels What have IDeaS customers been able to achieve?