Articles tagged “revenue management”

Airlines

Airlines Struggle to Keep Pace With Shifting Travel Patterns

The airline business was already difficult enough. Now, the old rules don't apply when it comes to gauging travel demand.

Rajesh Kumar Singh, Reuters | 4 months ago

Airlines Struggle to Keep Pace With Shifting Travel Patterns

Hotels

Hotel Experts Say AI Will Make Room Pricing More Profitable

Most talk about generative AI is bombastic. Yes, today's tech has accuracy and security issues. But that will be resolved within a few years. The tech will then transform hotel revenue management.

Sean O'Neill | 5 months ago

Hotel Experts Say AI Will Make Room Pricing More Profitable

News Blog

Hotel Chart of the Week: Europe’s Rising Room Rates Are Tolerated by Many Travelers

How are hotels doing post-pandemic? It all depends on the market and the type of hotel. In the U.S., average hotel rates nationwide have barely recovered to 2019 levels after accounting for inflation, but individual markets like New York City are performing better than before, while other individual markets, like San Francisco, are doing worse.…

Sean O'Neill | 5 months ago

Travel Technology

These Innovators Are Bringing Trains and Buses Into the 21st Century

Travelers worldwide want to purchase and manage ground transport tickets digitally, same as they typically can for flights and hotels. The industry is finally starting to respond.

Justin Dawes | 6 months ago

These Innovators Are Bringing Trains and Buses Into the 21st Century

Startups

Faye Raises $10 Million for Travel Insurance App: Startup Funding Roundup

Faye wants to make travel insurance more accessible, and more startups are raising money to digitize hotel operations.

Justin Dawes | 6 months ago

Faye Raises $10 Million for Travel Insurance App: Startup Funding Roundup

Hotels

Full Video: Accor Deputy CEO at Skift Future of Lodging Forum 2023

Accor is focused on setting itself apart by offering more than just a place to stay. Jean-Jacques Morin, a top Accor executive, discussed that and more at the Skift Future of Lodging Forum.

Justin Dawes | 8 months ago

Full Video: Accor Deputy CEO at Skift Future of Lodging Forum 2023

Hotels

Investors Rethink Hotel Sector’s Main Performance Metric

Every commentary on hotel performance refers to revenue per available room as a key industry metric — RevPAR. Yet non-room revenue from cafes, co-working, spas, and events is growing in importance. Hoteliers should focus more on overall earnings per square meter.

Sean O'Neill | 8 months ago

Investors Rethink Hotel Sector’s Main Performance Metric

News Blog

Business Travel Poses Biggest Challenge Globally for Hoteliers — Survey

Hotels have mixed feelings about business travel in 2023. On one hand the corporate travel and groups segment is the main area of focus for hotel revenue teams this year. But rather than staffing issues, business travel also represents their biggest challenge, according to a new Outlook & Trends 2023 Survey from revenue management software…

Matthew Parsons | 10 months ago
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Airlines

Skift Global Forum East Video: Putting Data-Driven Insights at the Core of Your Business Strategy

In this video from Skift Global Forum East 2022, we hear from Jens Munch, co-founder and CEO of Pace Revenue, on why it’s so hard for travel companies to make the right dynamic pricing decisions and how artificial intelligence can eliminate those problems.

FLYR + Skift | 11 months ago

Skift Global Forum East Video: Putting Data-Driven Insights at the Core of Your Business Strategy
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Hotels

4 Insights Every Hotel Revenue Manager Needs to Know in 2023

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, it’s time to double down on digitalization efforts and rethink the approach to data analytics.

Duetto + Skift | 12 months ago

4 Insights Every Hotel Revenue Manager Needs to Know in 2023