flyr
7 Tips to Make a Winning Business Case for a New Hotel RMS
If your organization is currently using a legacy RMS system, it may not be able to handle the increasing complexity of today’s revenue management challenges
Driving Profitability with Precision: AI’s Pivotal Role in Revenue Management
The key to being successful in revenue management is following data trends closely to set the right price for the right guest, AI is perfectly suited to support this hotel function
Stop Using CompSets to Make Pricing Decisions
Those CompSets themselves are being driven by irrelevant factors like employee emotions and outdated RM systems that are not fit for purpose
How Hybrids & Hostels Can Rapidly Shift Inventory For Changes in Demand
Hybrids face unique challenges that include complexity of different inventory types in the same building but they also have particularly demanding customers
Hotels Are Not The Future of Hospitality
There’s a new opportunity opening up in travel that will change the balance of power in hospitality over the next decade
Micro Targeted Pricing Is The Future
Scratch beneath the surface of open pricing and it’s flawed. It relies on the operator and rules set. It’s time for a big leap into the future of pricing
Pace Revenue Launch Brand New Dashboard and Redesign Navigation
With our new portfolio level dashboard we want to help our customers understand how they are performing across their properties
How an RMS Can Help in Periods of Low Demand
Uncertainty is real! We don’t know the forecast perfectly nor demand function. A modern RMS works 24/7 to adjust to uncertainty and to quickly adapt pricing
Forecasting Uncertainty – The Metric We Need
Forecasting uncertainty is important for pricing and it’s important for the cost-benefit analysis that an RMS needs to make on behalf of the clients
Why RevPAR Increase Marketing Claims Can be BS
It makes sense to let algorithms do much of the price change and a half decent RMS should deliver. But the question is – by how much will my RevPAR go up?