Creative Revenue Management - Episode #7 of THEREVENUEMANAGER
This week's topic; Creative Revenue Management: How Can Hotels Sell their Spaces in Time of Crisis? During COVID-19 pandemic, nearly 1 Billion rooms have gone unsold every week in the US only. With so much unsold space, hotels had to become creative with their offers and packages. Out-of-the-box thinking is the only way to survive this "Black Swan," but how can hotels get the best out of their spaces? What new ways of selling rooms and ancillary products should the industry implement to be successful in 2021-22?
Duetto delivers a suite of cloud applications to simplify hospitality revenue decisions and allow hoteliers to work smarter, increasing organizational efficiency, revenue, and profitability. The unique combination of hospitality experience and technology leadership drives Duetto to look for innovative solutions to industry challenges. The software as a service platform allows hotels and casino resorts to leverage real-time dynamic data sources and actionable insights into pricing and demand across the enterprise. More than 4,000 hotel and casino resort properties in more than 60 countries have partnered to use Duetto's applications, which include GameChanger for pricing, ScoreBoard for intelligent reporting and BlockBuster for contracted-business optimization. Duetto is backed by investors Warburg Pincus, Icon Ventures, Accel Partners, Battery Ventures and Spectrum 28. For more information, please visit https://www.duettocloud.com/.
About StayNTouch Inc.
StayNTouch Logo StayNTouch provides a next-generation and fully cloud mobile hotel property management system (PMS) that enables hotels to raise service levels, drive revenues, reduce costs, and ultimately captivate their guests.â â Backed by a team of professionals with deep roots in the hospitality industry, StayNTouch is a trusted partner to many of the most forward-thinking hotels, resorts, and casinos in the industry: including the TWA Hotel, First Hotels, Conscious Hotels, Margaritaville, Valencia Hotels, and Modus hotels. http://www.stayntouch.com/
Infor is fundamentally changing the way information is published and consumed in the enterprise, helping 70,000 customers in more than 200 countries and territories improve operations, drive growth, and quickly adapt to changes in business demands. Infor offers deep industry-specific applications and suites, engineered for speed, and with an innovative user experience design that is simple, transparent, and elegant. Infor provides flexible deployment options that give customers a choice to run their businesses in the cloud, on-premises, or both. https://www.infor.com/industries/hospitality/
About Ushuaia Ibiza
The UshuaÃ¯a Beach Hotel is the ideal choice for those who come to Ibiza for the best beach & pool parties, with live performances of the top DJs in the world, the most exclusive day and night ambience in a modern setting, design with all kinds of comforts, luxuries, and VIP service. All this right on one of the island"s most exciting beaches. https://www.theushuaiaexperience.com/en/club/