Many businesses conduct revenue management activities in order to achieve the highest possible profit from a limited number of products or services available for sale. Hotels conduct various revenue ...

Running a hotel has always required a delicate blend of intuition and data. For years many owners have relied on experience ...

Revenue management technology provider LodgIQ has introduced a generative AI platform developed for hotel revenue management ...

The large majority of hotels still rely on Excel spreadsheets, trial and error, and gut feeling when setting prices. In an increasingly complicated distribution landscape, many will start looking at ...

According to Dr. Peter Bell of the Ivey School of Business, revenue management is the "science and art of enhancing firm revenues while selling essentially the same amount of product." An article in ...

Discover how Revenue Per Occupied Room (RevPOR) helps measure hotel performance by analyzing guest spending, beyond occupancy rates.

After the darkest two years in the history of the hotel industry, 2022 offered a chance to smile again. The party from pent-up demand can’t last forever, though. As revenue managers look ahead to 2023 ...

The whole can sometimes be greater than the sum of its parts. Marriott International Inc. found that to be true after it combined two revenue management systems into one. Revenue data collected by ...

Here are the key attributes every hotel management company must cultivate in order to be a step above the rest.