Defining success in revenue management
The best revenue managers are those who can not only mine the most data but those who can present it in the clearest, simplest way to support agreed-upon organizational goals.
Corporate Travel Volume Hints at +15% Growth through August
The corporate hotel market saw global bookings increase +8.8% in June, according to data released today from Pegasus Solutions in The Pegasus View. Reinforcing healthy gains made overall in the first half of the year, the growth in business travel bookings could potentially climb to +15% through August, and possibly higher into the third quarter.
Google Launches Hotel Search Tool With Room Price Data
Google has launched Hotel Finder, an experimental search tool, which enables users to define key lodging preferences in hopes of finding the perfect hotel for their travel needs.
Hotels Must Adapt to Shorter Booking Windows
Meeting planners have limited time to get their jobs done. And, if they can’t find outside space quickly enough, they just may hold their meetings at corporate headquarters. Hotels can keep the business if they’re prepared to help meeting planners hit their deadlines, says Mike Mason, ZEO and founder of Winter Garden, Florida-based, technology startup Zentila.
The Price Is Right – Maybe
Pricing is a powerful and proven strategy for improving profitability, yet few organizations know how to do pricing well. “Pricing and Profitability Management: A Practical Guide for Business Leaders,” a new book released today by Deloitte, helps organizations to better understand and implement effective pricing management.