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Technology

Revenue Management System (RMS): What Are the Advantages?

2024-01-25T15:09:45+01:00

Revenue Management System (RMS) A Revenue Management System (RMS) is a software solution hotels and other businesses use to optimize their financial performance. It analyzes data to forecast demand, adjust pricing strategies, and maximize revenue. RMS is important because it aids in making informed decisions, enhances efficiency, and responds dynamically to market changes, thus increasing profitability in a competitive landscape.

Revenue Management System (RMS): What Are the Advantages?2024-01-25T15:09:45+01:00

Latest Restaurant Technology Trends of 2024 to Know About

2024-01-22T13:55:50+01:00

Restaurant Technology Restaurant technology encompasses modern tools and software designed to streamline operations, enhance customer service, and increase efficiency in the restaurant industry. Its importance lies in optimizing management tasks, improving customer experience, and driving business growth through data analysis, automation, and digital integration. Key Takeaways Autonomous Meal Delivery: Restaurants are exploring driverless vehicles for cost-effective, efficient food delivery. Augmented

Latest Restaurant Technology Trends of 2024 to Know About2024-01-22T13:55:50+01:00

Tips for Choosing a Revenue Management System for Your Hotel

2023-12-20T16:45:49+01:00

Revenue management systems (RMS) are a new way of working for the vast majority of hotels – in fact, for most, this kind of software was not even an option before. But times are changing. Property management systems (PMS) are becoming more user-friendly, and such systems can help you simplify your life, save you time, and result in more revenue.

Tips for Choosing a Revenue Management System for Your Hotel2023-12-20T16:45:49+01:00

What Advice Would You Offer to Hotels Choosing Their Tech-Stack?

2023-12-20T16:46:12+01:00

Question for Our Revenue Management Expert Panel: What advice would you offer to hotels choosing their tech-stack? For example, best practices, features, potential pitfalls, and how to "future-proof". Our Revenue Management Expert Panel Dermot Herlihy - Commercial Director, DUKES LONDON Mariska van Heemskerk - Owner, Revenue Management Works Diego Fernández Pérez De Ponga -

What Advice Would You Offer to Hotels Choosing Their Tech-Stack?2023-12-20T16:46:12+01:00

What Would You Tell Hotel Personnel Choosing A Tech Stack?

2023-12-20T16:46:36+01:00

Question for Our Hotel Marketing Expert Panel What would you tell hotel personnel choosing a tech stack? Our Marketing Expert Panel Peter Ricci - Clinical Professor and Director of Hospitality & Tourism Management Program at Florida Atlantic University (FAU) Max Starkov - Adjunct Professor Hospitality Technology, New York University Kaylie Holley - Hospitality

What Would You Tell Hotel Personnel Choosing A Tech Stack?2023-12-20T16:46:36+01:00

Hotel Front Desk Software: What Is It, Main Features & Examples

2023-12-24T14:58:06+01:00

Hotel front desk software describes any software designed to assist with front office tasks. This includes several different types of software, including property management systems and point-of-sale systems. In this article, you can explore these software types in greater depth, learn about key features, and understand the key benefits. Table of Contents: How is the Hotel Industry Defined? What is

Hotel Front Desk Software: What Is It, Main Features & Examples2023-12-24T14:58:06+01:00

Hotel Automation: Benefits, Tools, and Trends

2023-12-24T15:02:49+01:00

You probably already use hotel automation to some degree. Most hotels use online booking, and most have adopted property management software. However, these are just the tip of the automation iceberg. In this article, you'll discover a range of tools and trends in hotel automation and learn how they can benefit your hotel. Table of Contents: What is Hotel Automation?

Hotel Automation: Benefits, Tools, and Trends2023-12-24T15:02:49+01:00

Mythbusters: Revenue Management Technology

2023-12-20T16:49:35+01:00

Do you run a smaller hotel or B&B that uses only manual processes to manage all your reservations, pricing, and inventory allocation? Have you avoided implementing technology to help support your internal operations because you worried that the solutions would cause more problems than they would solve? If so, then this article is for you! This article focuses specifically on

Mythbusters: Revenue Management Technology2023-12-20T16:49:35+01:00

AI in Hospitality: Power Up Your Content with Generative AI

2023-12-06T12:38:20+01:00

In today's competitive hospitality industry, staying ahead is essential for hotel marketers. The advent of cutting-edge technology has introduced a game-changing solution that is revolutionizing hotel operations: Generative AI (Artificial Intelligence). This powerful technology empowers hoteliers with opportunities to streamline their operations, work more efficiently, and elevate their marketing efforts to new heights. What is Generative AI? Generative AI is

AI in Hospitality: Power Up Your Content with Generative AI2023-12-06T12:38:20+01:00

5 Ways to Increase Revenue With a Hospitality CRM

2023-12-06T12:43:43+01:00

If there is something that people working in marketing in hospitality is talking about is the power of a CRM system. But why has it become so important? Today, the challenges of hotel marketing are increasing consistently. People demand more personalization, better reach, multi-channel approaches, etc. And if you are not meeting these requirements, the numbers will show it.  The Benefits

5 Ways to Increase Revenue With a Hospitality CRM2023-12-06T12:43:43+01:00

Hotel PMS: Customization and Automation

2023-12-21T14:49:27+01:00

A hotel PMS is a property management system designed for use within hotels and similar forms of accommodation. Such software offers several benefits, but two of the most significant are customization and automation. In this article, you can learn why these are valuable and how they can be used. Table of Contents: What is a Hotel PMS? Why is a

Hotel PMS: Customization and Automation2023-12-21T14:49:27+01:00

The Rise of Experience-Based Travel and How Hotels Can Prepare

2023-12-20T17:20:45+01:00

Traditionally, lodging properties spent much time and money implementing new amenities like fancy equipment or special devices to attract travelers. Many of these amenities were fads and ended up cluttering rooms or lying forgotten in storage. Since the pandemic, traveler priorities have shifted from one-off amenities to experience-driven travel. What Does This Mean for Lodging Operators? With this shift, hoteliers

The Rise of Experience-Based Travel and How Hotels Can Prepare2023-12-20T17:20:45+01:00

Which Matters Most for Winning Guests – Price or Loyalty?

2023-12-20T17:56:25+01:00

Regardless of who you are, competition in the hospitality industry is increasingly fierce, and winning new customers is a major challenge even for experienced hoteliers. So, what makes the most significant difference in getting guests to stay at your hotel versus the one down the street? Is it price? Is it the chance to benefit from a personalized loyalty program?

Which Matters Most for Winning Guests – Price or Loyalty?2023-12-20T17:56:25+01:00

How to use Artificial Intelligence in the Hospitality Industry

2023-12-27T13:15:00+01:00

Artificial Intelligence in the Hospitality Industry Artificial intelligence in the hospitality industry refers to integrating AI technologies to enhance guest experiences, operational efficiency, and personalized services. It's important for automating routine tasks, providing data-driven insights, improving customer service, and driving innovation, thus shaping the future of hospitality in a tech-driven world. Key Takeaways Enhancing Customer Service: AI in hospitality improves

How to use Artificial Intelligence in the Hospitality Industry2023-12-27T13:15:00+01:00

ChatGPT Hospitality Guide: How ChatGPT Can Help the Hospitality Industry

2023-12-24T14:50:44+01:00

ChatGPT hospitality applications are set to skyrocket in the near future. The sophisticated AI chatbot has found its way into various applications thanks to its ability to process questions and provide answers in natural language, similar to human communication. In this article, you'll learn more about ChatGPT and its utility in the hospitality industry. Table of Contents: What Is the

ChatGPT Hospitality Guide: How ChatGPT Can Help the Hospitality Industry2023-12-24T14:50:44+01:00

How the Internet of Things (IoT) can Benefit the Hospitality Industry

2024-01-17T14:24:45+01:00

The Internet of Things in the Hospitality Industry The Internet of Things in hospitality involves connecting various devices and systems within a hotel to enhance operational efficiency and guest experience. It's important for automating processes, personalizing guest experiences, optimizing resource management, and providing data insights for better decision-making in the hospitality industry. Key Takeaways Hyper-Personalized Hotel Rooms: IoT enables

How the Internet of Things (IoT) can Benefit the Hospitality Industry2024-01-17T14:24:45+01:00

In-stay Upselling: Why You Should Use It and How to Maximize Deals

2023-12-06T14:54:59+01:00

In addition to pre-stay upselling, in-stay upselling allows hoteliers to unlock another dimension that leads to enhanced revenue and guest satisfaction. In-stay upselling reminds guests of services they might have missed when booking their room and allows them to book these deals throughout their stay. What Are the Benefits of In-stay Upselling? Below you will find 3 benefits of in-stay

In-stay Upselling: Why You Should Use It and How to Maximize Deals2023-12-06T14:54:59+01:00

Have Lodging Businesses Outgrown The Original PMS Concept?

2023-12-20T16:44:37+01:00

The property management system (PMS) is the most important part of a lodging business’s technology stack – no matter the property type or size. A PMS is used on a daily basis across teams to streamline operations and manage data. But are lodging businesses starting to outgrow the PMS? The Original PMS Has Been Slow to Evolve The hotel PMS

Have Lodging Businesses Outgrown The Original PMS Concept?2023-12-20T16:44:37+01:00
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