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 ...

Yield or revenue managers work to ensure that rooms, seats or units are rented at the best price in industries where profit is derived from capacity. For example, hotel, car rental, airline and other ...

To remain competitive in this hospitality industry landscape, professionals should use all the tools available to them, especially revenue management. The Fast Company Executive Board is a private, ...

Photo Credit: Pictured: Stephen Hambleton and Kelly Calvo, both IDeaS product managers in Minnesota, review revenue management dashboards that aim to help hoteliers manage pricing and revenue across ...

Photo Credit: Focused businesswoman showing information on laptop screen to focused male colleague in lobby of hotel, contemplating whether artificial intelligence will lead to layoffs among hundreds ...

Innovation in hotel payments is currently centered on two key shifts: the rise of asynchronous payment flows and the ...

Dan Zhang and Larry Weatherford. 2017. Dynamic Pricing for Network Revenue Management: A New Approach and Application in the Hotel Industry. INFORMS Journal on Computing, 29(1): 18-35. Dynamic pricing ...

The trillion dollar global accommodation market is ripe for disruption with improved revenue generation, as SiteMinder aims ...

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 ...

Event planners must adapt to hotels' new cautious, data-driven strategies due to economic volatility, tighter timelines, and ...