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Revenue Management Blog

/Revenue Management Blog/

Outsourcing Revenue Management: 4 Ways it Benefits Hotels

Revenue management is extremely important within the hotel industry, because it allows owners to optimise the way they do business, in order to improve financial results. However, it also requires specific skills and knowledge, which means that it can be more effective to outsource revenue management to a third party that specialises in this area. In this article, you will find out more about revenue management and the benefits of outsourcing. What is Revenue Management? Revenue management is a practice based around using data and analytics to anticipate demand, optimise product availability and select the right pricing strategy, in order

Outsourcing Revenue Management: 4 Ways it Benefits Hotels2019-01-25T20:05:13+00:00

4 Ways Facial Recognition Can Be Used in the Travel Industry

Until relatively recently, facial recognition technology was a concept most commonly associated with science fiction. However, the technology has now advanced to the point where it is mainstream, compatible with smartphones, and used by social media sites. Another area where facial recognition is being introduced more frequently is the travel industry and in this article, you will find out about the ways it is helping to fundamentally transform tourism. What is Facial Recognition? Facial recognition technology is a form of biometric artificial intelligence, which is able to identify an individual, or verify their identity, based on their face alone. The

4 Ways Facial Recognition Can Be Used in the Travel Industry2019-01-25T20:06:15+00:00

Smart Hotel Room; What Are the Benefits for Hotel Owners and Guests

Smart room technology is a key trend for hotel owners to be aware of, and the desire to create a smart hotel is growing, for a number of reasons. In this article, you will find out more information about what a smart room is, why the technology is so important, and how smart hotel rooms can actually benefit hotel owners and guests alike. What is a Smart Hotel Room? A smart hotel room is a room that makes use of 'smart' electronic devices, powered by the Internet of Things (IoT). This IoT technology means that what were once ordinary devices

Smart Hotel Room; What Are the Benefits for Hotel Owners and Guests2019-02-10T13:19:40+00:00

How Can Voice Control Benefit the Travel Industry?

Voice control is one of the most exciting technology trends to have emerged in recent years, and thanks to home hubs and smartphones, it has become a part of many consumers' everyday lives. For tourism companies, it is important to respond to this, embrace new approaches and capitalise on the technology's potential. Here, you will learn more about voice control and the ways it can be of help in the travel industry. What is Voice Control? Put simply, voice control is a technology that allows devices - including smartphones, smart home hubs, smart TVs and personal computers - to understand

How Can Voice Control Benefit the Travel Industry?2019-01-25T20:07:47+00:00

Robots in the Travel Industry: 8 Real-World Examples

One of the most exciting technological developments within the travel industry in recent years has been the increased prevalence of robots, with examples ranging from text-based chatbots and front desk robotic assistants, to security robots and robotic travel cases. This article takes a closer look at the way robots are transforming tourism, providing eight real-world examples of their use and examining some of the pros and cons. Understanding Robots Although most of us have a concept of what a robot is, it can be more difficult to clearly define what 'robot' means. Effectively, a robot is a machine, which has

Robots in the Travel Industry: 8 Real-World Examples2019-01-25T20:08:05+00:00

10 Pricing Strategies to Increase Your Hotel Revenue

For those operating in the hotel industry, maximising revenue is a top priority, and achieving this goal often requires the right pricing strategy, at the right time. In fact, making room rate adjustments based on demand, customer segmentation and other factors can be the key to overall business success. In this article, we offer insight into 10 pricing strategies that hotels can adopt in their revenue management strategy in order to increase the amount of revenue they generate. 1. Pricing Strategy Based on Forecasting The single most important pricing strategy for hotels to master is the use of forecasting to

10 Pricing Strategies to Increase Your Hotel Revenue2019-01-25T20:08:31+00:00
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