Life House’s Post

𝐌𝐲𝐭𝐡𝐬 𝗩𝘀 𝐅𝐚𝐜𝐭𝐬 ❌𝐌𝐲𝐭𝐡𝐬: "Rate shopping software does not influence Revenue Management." ✅𝐅𝐚𝐜𝐭𝐬: "Rate shopping software is a critical component of #RevenueManagement. By monitoring competitor pricing, it helps hotels adjust their rates in real-time to increase occupancy and maximize revenue." Who can help: Precium Technologies LLP 🌐 https://www.precium.in/ #MythsVsFacts #Precium #preciumtechnologies #software #hotel #rateshoppingsoftware #rms #revenuemanager #revenuemanagement #hotelrevenuemanagement #PreciumSoftware

Userguest has crafted an insightful course for those eager to grasp the increasingly intertwined roles of the Marketing and Revenue Teams. Focusing on understanding key performance indicators (KPIs), optimizing website functionality, enhancing Click Rates, and boosting Booking Engine Conversion Rates is imperative for driving direct bookings via hotel websites. The ascent of Marketing to the forefront of commercial strategy and Revenue Maximization is a remarkable trend.Understanding the significance of Direct Share for enhancing profitability is paramount. To stay ahead of the curve, I strongly urge you to enroll in this course to initiate your journey.

The future of revenue management is here, and it’s not a battle between humans and machines—it’s a collaboration. This article explores why combining the strategic thinking of revenue managers with the data-driven power of RMS creates a winning formula for hotels. Don’t miss out on these insights that could redefine your approach to revenue management. #RevenueStrategy #HotelTech #RMS #HospitalityInnovation #StrategicThinking

Hotel leaders today need to respond to an ever-changing landscape. A continued shortage of skilled professionals and increased operating costs have heightened the demand for dynamic revenue decision making. For hotel revenue teams, this has meant an increased need for better quality data, a quicker return on investment, and the ability to identify market trends and react to them in an instant. Evolving to thrive amidst sustained volatility and rapid change is easier said than done. Which is where the role of technology, like Duetto, comes into play. Whether you’re taking early steps towards adopting your first revenue management system (RMS) or looking to upgrade to a cloud native system that can automate and optimize no matter how complex your revenue strategy is, this Buyers Guide from HotelTechReport, is the perfect place to start: https://lnkd.in/ggmS74Qj

One of Mews’ top priorities is looking for new ways to improve the experience of hospitality staff and their guests. So we’ve wrapped up some of our latest and greatest product highlights into a gloriously digestible update 🤗 🌌 Mews Spaces: because your property is more than beds.  Manage and monetise all spaces directly within Mews. Your guests can make hourly, daily, monthly, flexible bookings at the click of a button and at the same time as booking their room. Maximise space utilisation with parking spaces, meeting rooms, co-working spaces and more to increase profits, optimise integrations and streamline operations. 🏨 Mews Multi-Property: Centralise & streamline for efficiency Save hours updating rates across your portfolio, manage bulk changes and share data between your properties and boost efficiency with centralised user access. 🛎 Mews Kiosk: A thing of beauty Give your guests a warm and customised welcome that is on brand, offers upsell opportunities, streamlines search for the guest, offers them opportunities to enhance their stay and makes a remarkable first impression. 💰 Mews x YouLend: Speculate to accumulate Our partnership with YouLend, a revenue based financing company, lets Mews customers apply for up to €1M in short-term business financing and even get access to cash in less than 3 business days. Currently available in The Netherlands, The UK, Belgium, Germany & Spain with expansion to follow soon in France, USA, Poland and Ireland and beyond. 😈 The devil is in the detail:  From digitalised breakfast lists providing guests with more enjoyable access to the most important meal of the day, to direct connections to Booking.com and Expedia Group for realtime rate updates and no more channel management fees to simplified single sign-on and 2FA, Mews has you covered when it comes to greater guest experience & streamlined operations. Check out the full mews product recap here: https://lnkd.in/eRH7TuKN #mews #pms #propertymanagement #productupdates #hoteltech #hospitalityindustry #guestexperience

We’ve been doing it all wrong. For years, hotels have been trying to solve the "tech fragmentation problem" by throwing more tools into the mix. Every new piece of software adds another report, more data, more analysis paralysis. But here’s the truth: it’s not about needing fewer tools. It’s about needing smarter tools. Tools that play well together. Tools that break down silos, not build them. LodgIQ's RMS-based commercial strategy platform should be on your radar. They're not just chasing revenue, they're on a mission to bring sales, marketing, and revenue management together under one commercial strategy. It’s time for the hotel industry to evolve. Are you ready?

Mastering the Art of Upselling Webinar: Elevate Your Short-Term Rental Revenue with ChargeAutomation! Join us for the webinar to learn how to maximize short-term rental revenue through strategic upselling, presented by ChargeAutomation — the industry leader in streamlining the digital guest journey. This webinar serves as your key to unlocking new heights in guest satisfaction and financial success. Discover how you can reshape the digital guest journey and gain insights into how to simplify processes, ranging from pre-arrival information collection to seamless check-out experiences. In this session, we will explore best practices for identifying upsell opportunities that resonate with your guests and how to increase conversion. Drawing from real-life examples within the short-term rental industry, we'll provide valuable insights into the art of successful upselling. In collaboration with our Partner OwnerRez, special thanks to Paul Hall Link for registration in comments. #vacationrentals #shorttermrentals

𝐌𝐲𝐭𝐡𝐬 𝗩𝘀 𝐅𝐚𝐜𝐭𝐬 ❌𝐌𝐲𝐭𝐡𝐬: "Rate shopping tools are expensive and not worth the investment." ✅𝐅𝐚𝐜𝐭𝐬: "Exceptionally, there are certain systems in the market that work on live rate shopping and provide accurate data. For example, #PreciumRateShopping is a budget-friendly system with advanced mechanisms that ensure data accuracy and help hotels make informed decisions." Who can help: Precium Technologies LLP 🌐 https://www.precium.in/ #MythsVsFacts #Precium #preciumtechnologies #software #hotel #rateshoppingsoftware #rms #revenuemanager #revenuemanagement #hotelrevenuemanagement #PreciumSoftware

🌟 Exciting Hospitality Revenue Management News! 🌟 AccomNews is thrilled to share the latest partnership between Intellisoftware and ARMA - Australian Revenue Management Association ARMA, transforming the landscape of revenue management in the hospitality industry! 🏨💼 Intellisoftware and ARMA have joined forces to bring AI-powered solutions to streamline revenue management processes for accommodation providers. Read about the cutting-edge collaboration with insights from Melissa Kalan ARMA CEO below 👇 👀 Important! Don't miss your Tickets for “RISE UP” Melbourne 2024 APAC Revenue Management Summit by ARMA May 27 & 28 RACV CITY CLUB Stay tuned for more updates and insights. 🚀 #Hospitality #Riseup #RevenueManagement #AI #Innovation #Partnership #AccomNewsMagazine

For my vacation rental hosts and owners! In case you missed it, I ran a webinar yesterday on Automate to Elevate: A Guide to Take Control and Automate Your Short-Term Rental Business! The replay is available for anyone who wants to have a look. Short on Time? You can even watch me speak in 2x the speed if you want to! 😂 But seriously don’t watch it too fast as I share some great tips covering details around:  ➡️ How to Take Control of your STR: Get insider tips on how to gain more control from the listing sites and optimize with a property management system and channel manager.  ➡️ How to Streamline: Save time and reduce manual tasks with automated guest communication & channel management.  ➡️ Tips to Increase Revenue: Discover how to boost your revenue with pricing tips, seasonal pricing, and promotional features.  ➡️ Enhancing Guest Experiences: Elevate guest satisfaction and earn glowing reviews. In addition, I announced my step by step training program: The Automation Accelerator to onboard OwnerRez (my recommended PMS and Channel Manager) in 21 days (or less). The opportunity to join the program closes February 20th so have a look and grab the bonuses too! To watch the replay simply go to: https://lnkd.in/gDhQMsic