We explore how the RMS is evolving and what additional data sets are being integrated to enhance price forecasting and revenue management
As you know, an image has the ability to prompt strong emotions, which are powerful agents for action. Happy photographing!
Hotel revenue managers need to figure out how to stack the right building blocks to forecast accurately, price with confidence, and maximize profitability
There has always been a modest degree of disconnect in the expectations of senior leadership and the deliverables of a revenue manager
It’s been interesting to monitor the extent to which hotel reopenings have stayed on track with initial plans and how demand has responded to the reopenings
Hotel occupancy and room rate in May did climb 4 percentage points and 5%, respectively, from April, helped out in some way by Memorial Day Weekend travel
Trend, pace of sales and rate elasticity assume a fundamental role for revenue professionals in order not to lose the compass direction to the way forward