Revenue Management Staffing & Outsourcing

Revenue Management Consulting; Benefits of Hiring a Consultant

Martijn Barten2024-03-24T19:27:11+01:00

Revenue Management Consulting Revenue management consulting involves expert advice and strategies to optimize a business's revenue, particularly in industries like hospitality and travel. Consultants analyze data, market trends, and business processes to improve pricing strategies, demand forecasting, and overall revenue generation. This service is crucial for businesses seeking to enhance profitability, stay competitive in dynamic markets, and make informed, data-driven

Revenue Management Consulting; Benefits of Hiring a ConsultantMartijn Barten2024-03-24T19:27:11+01:00

Outsourcing Revenue Management: 4 Ways it Benefits Hotels

Martijn Barten2024-03-28T16:27:57+01:00

Outsourcing Revenue Management Outsourcing revenue management involves delegating a hotel's revenue management functions to an external specialized company. This practice is crucial for hotels lacking the resources or expertise to effectively manage their revenue strategies in-house. It allows access to advanced analytics, expert insights, and industry best practices, potentially leading to improved financial performance and market competitiveness. Key Takeaways Optimized

Outsourcing Revenue Management: 4 Ways it Benefits HotelsMartijn Barten2024-03-28T16:27:57+01:00

Onboarding for Different Revenue Management Team Levels

Anele2023-12-06T11:22:52+01:00

Question for Our Revenue Management Expert Panel: How Does the Onboarding Process of Revenue Management Teams Differ According to Level? Which Topics Should Be Emphasized for Each Level? (Question by Daniel Feitosa) Our Revenue Management Expert Panel Heiko Rieder - Vice President Business Development, Hirmer Hospitality and Travel Charme Hotels Alenka McMahon -

Onboarding for Different Revenue Management Team LevelsAnele2023-12-06T11:22:52+01:00

5 Common Challenges for Cluster Revenue Managers and How to Master Them

Revfine.com2023-12-06T12:07:40+01:00

The idea of clustering revenue management positions has become more customary recently. When it’s done well, it lets you reduce costs, boost efficiency, and increase revenue. But clustering isn’t always easy. Time constraints and the ability to access reliable, real-time data can make it difficult. 5 Common Challenges for Cluster Revenue Managers If you create a cluster of three hotels,

5 Common Challenges for Cluster Revenue Managers and How to Master ThemRevfine.com2023-12-06T12:07:40+01:00

Top Tips for Attracting Talent in Revenue Management Recruitment

Suzanne2023-12-06T12:50:19+01:00

Question for Our Revenue Management Expert Panel: Attracting talent in the hospitality industry remains a challenging task. What are your top tips for successful recruitment in revenue management teams? What approaches do you find the most useful? Our Revenue Management Expert Panel Tanya Hadwick - Group Revenue & Yield Leader, SunSwept Resorts

Top Tips for Attracting Talent in Revenue Management RecruitmentSuzanne2023-12-06T12:50:19+01:00

What is the Role of Human Judgement in Revenue Management Decisions?

Suzanne2023-12-06T12:58:47+01:00

Question for Our Revenue Management Expert Panel: With so much technology available, how does human judgement factor into making revenue management decisions? Should the RMS ever be overruled by human judgement? (Question by Fabian Bartnick) Our Revenue Management Expert Panel Fabian Bartnick - Founder, Infinito Dr. Betsy Stringam-Bender - Professor of Hotels &

What is the Role of Human Judgement in Revenue Management Decisions?Suzanne2023-12-06T12:58:47+01:00

How to Combine Human and AI Collaboration for the Best Hotel Results

Revfine.com2023-12-06T13:32:46+01:00

The advancement of AI and automation over the past few years has transformed the hospitality industry. New technology enabled gathering and evaluating vast amounts of data, quickly making informed decisions, and lifting the topline. Especially in the revenue management department, new AI-powered solutions offer the real-time market insights hoteliers need to optimize, adjust and even automate their pricing. One concern

How to Combine Human and AI Collaboration for the Best Hotel ResultsRevfine.com2023-12-06T13:32:46+01:00

What are the Pros and Cons of Outsourcing Hotel Revenue Management?

Suzanne2023-12-06T13:59:16+01:00

Question for Our Revenue Management Expert Panel: What are the advantages and disadvantages to outsourcing revenue management? Is there a difference depending on hotel / property type? Our Revenue Management Expert Panel Diego Fernández Pérez De Ponga - Director of Revenue Management, Palladium Hotel Group Dermot Hrlihy - Owner, Dynamic Hospitality Consulting Ricardo

What are the Pros and Cons of Outsourcing Hotel Revenue Management?Suzanne2023-12-06T13:59:16+01:00

How can Revenue Managers Collaborate on Decisions?

Suzanne2023-12-06T14:59:51+01:00

Question for Our Revenue Management Expert Panel: Are Revenue Managers overloaded with strategy and result decisions? How can Revenue Managers collaborate and share responsibilities with other teams? (Question proposed by Daniel Feitosa) Our Revenue Management Expert Panel Daniel Feitosa - Revenue Management Specialist Sandra Gannon - Commercial Consultant, Revenue Puzzle Patrick Wimble -

How can Revenue Managers Collaborate on Decisions?Suzanne2023-12-06T14:59:51+01:00

Role of a Revenue Manager is Shifting Thanks to Automation

Revfine.com2023-12-06T15:09:26+01:00

Like much of our world today, the hospitality industry is constantly changing and evolving beyond what revenue managers and leaders of the past could have imagined. During unprecedented change, automation and new technology have become essential to successfully navigating the post-COVID hospitality landscape. Revenue Managers Becoming Strategists But with any change, comes reservation and distrust. As the industry continues to

Role of a Revenue Manager is Shifting Thanks to AutomationRevfine.com2023-12-06T15:09:26+01:00

Staffing Considerations for a Revenue Team

Revfine.com2023-12-06T15:18:47+01:00

There is a recognized need for proactive revenue strategy and technology investment for many hotels. However, once the new technologies are integrated, there remains an open question: who’s going to keep this operation running smoothly and profitably as opening day approaches and beyond? Factors to Help You Identify the Best Staff Below you find some factors that will help you

Staffing Considerations for a Revenue TeamRevfine.com2023-12-06T15:18:47+01:00

Why Revenue Management Systems Will Never Replace Human Revenue Managers

Revfine.com2024-04-02T13:11:38+02:00

When the desktop computer came along, it needed human input. It's no different with an RMS (revenue management system.) Even an AI-enabled RMS can't think independently (and that's a good thing!) You've probably heard plenty about AI (artificial intelligence) chatbots that learn from biased human language and "deep fakes," which are the 21st c. version of Photoshop. These are just

Why Revenue Management Systems Will Never Replace Human Revenue ManagersRevfine.com2024-04-02T13:11:38+02:00

How Can Revenue Management Ensure Collaboration Amongst Hotel Teams?

Suzanne2023-12-06T15:52:48+01:00

Question for Our Revenue Management Expert Panel: Successful Total Revenue Management strategies rely on great communication between all hotel departments. What tips can you offer to Revenue Management teams to help ensure a collaborative effort? Our Revenue Management Expert Panel Patrick Wimble - Managing Director, Lightbulb Consulting Theresa Prins - Founder, Revenue Resolutions

How Can Revenue Management Ensure Collaboration Amongst Hotel Teams?Suzanne2023-12-06T15:52:48+01:00

How Can Revenue Management Collaborate with Sales & Marketing Teams?

Suzanne2023-12-06T16:02:27+01:00

Question for Our Revenue Management Expert Panel: For best collaboration, should Revenue Management fall under Sales & Marketing – or vice versa? Should they be separate departments on the same level of the hotel hierarchy? Or one single department? Our Revenue Management Expert Panel Chaya Kowal - Director of Revenue Management, Potato Head

How Can Revenue Management Collaborate with Sales & Marketing Teams?Suzanne2023-12-06T16:02:27+01:00

What skills should hotels look for when recruiting Revenue Managers?

Suzanne2023-12-06T16:19:07+01:00

Question for Our Revenue Management Expert Panel: What top skills and characteristics should hotels look for when recruiting in Revenue Management leadership? Our Revenue Management Expert Panel Paulo Aragao - Revenue Management Professional Chaya Kowal - Director of Revenue Management, Potato Head Family Patrick Wimble - Managing Director, Lightbulb Consulting Theresa Prins -

What skills should hotels look for when recruiting Revenue Managers?Suzanne2023-12-06T16:19:07+01:00

Revenue Manager Job Description: What to Look For?

Martijn Barten2024-02-24T15:41:03+01:00

Revenue Manager Job Description The revenue manager job description outlines maximizing a company's income. It's crucial for identifying and capitalizing on market opportunities, optimizing pricing strategies, and analyzing sales trends to ensure financial growth and sustainability, making it essential for businesses aiming to thrive in competitive markets and enhance their profitability. Key Takeaways Qualifications & Education: Requires a degree in

Revenue Manager Job Description: What to Look For?Martijn Barten2024-02-24T15:41:03+01:00

Revenue Manager: Tasks, Skills, Education, Salary, Courses and More…

Martijn Barten2023-12-21T14:40:51+01:00

The role of a revenue manager is one of the most important within hotels and similar organizations, assisting the business by optimizing financial performance. However, many people remain unclear about exactly what a revenue manager is, what tasks are connected to the job, the level of education required, and the salary. In this article, you can learn more about these

Revenue Manager: Tasks, Skills, Education, Salary, Courses and More…Martijn Barten2023-12-21T14:40:51+01:00

5 Reasons You Can Benefit From a Freelancer Revenue Manager

Martijn Barten2024-04-24T09:52:43+02:00

Freelancer Revenue Manager A freelancer revenue manager specializes in optimizing income, particularly in the hospitality industry. Their expertise is crucial for maximizing profitability through strategic pricing, inventory management, and market analysis, making them vital for hotels and similar businesses seeking financial growth and competitiveness. Key Takeaways Expertise and Experience: Freelance revenue managers bring specialized knowledge and experience in revenue management.

5 Reasons You Can Benefit From a Freelancer Revenue ManagerMartijn Barten2024-04-24T09:52:43+02:00

Hotel Revenue Management

Optimizing revenue and growing your business

RM Careers