Using outdated systems can reduce the revenue your hotel can get. Identify four key challenges revenue managers are facing when using a inefficient revenue management processes. 𝐎𝐮𝐭𝐝𝐚𝐭𝐞𝐝 𝐬𝐲𝐬𝐭𝐞𝐦𝐬: Using old technology or manual processes can slow down revenue management operations. 𝐌𝐚𝐧𝐮𝐚𝐥 𝐩𝐫𝐨𝐜𝐞𝐬𝐬𝐞𝐬: Relying on manual data entry and analysis increases the likelihood of errors and delays in decision-making. 𝐋𝐢𝐦𝐢𝐭𝐞𝐝 𝐝𝐞𝐜𝐢𝐬𝐢𝐨𝐧-𝐦𝐚𝐤𝐢𝐧𝐠 𝐜𝐚𝐩𝐚𝐛𝐢𝐥𝐢𝐭𝐢𝐞𝐬: Outdated systems and manual processes may restrict revenue managers' ability to make timely and informed decisions. 𝐋𝐚𝐜𝐤 𝐨𝐟 𝐫𝐞𝐚𝐥-𝐭𝐢𝐦𝐞 𝐢𝐧𝐬𝐢𝐠𝐡𝐭𝐬: Delayed access to key performance metrics and market data can prevent revenue managers from reacting swiftly to changing market conditions. #Revstar #RevenueManagement #HotelConsulting #HotelRevenue #Hospitality
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Maximise Hotel Revenue with Automation! Revolutionise the operations of your revenue management team. From streamlining manual tasks to enabling real-time pricing adjustments, automation allows hotels to optimise efficiency and profitability. 💡 In our latest blog, Naďa Zummer highlights, ➡️ How automation reduces human error and boosts decision-making. ➡️ The benefits of real-time pricing and inventory management across multiple channels. ➡️ Why automation enhances, but doesn't replace, the strategic role of revenue managers. Read the full article to discover how automation can elevate your revenue management strategy and drive better business outcomes! 📈 👉🏼 🔗 https://lnkd.in/eJ-eFYXa #RevenueManagement #HotelAutomation #HospitalityTechnology #DigitalTransformation #Efficiency #Profitability #RMS #HotelRevenue
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Hotel managers face the constant pressure to improve operational efficiency and maximize revenue, but outdated systems and manual processes can impede progress. Embrace a solution that modernizes your hotel management approach, offering advanced features such as real-time data analytics and predictive insights that drive business success. #HotelManagement #DataAnalytics #PredictiveInsights #BusinessSuccess
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Revenue Management has come a long way since it first revolutionised the hotel industry. What lies ahead for this vital practice, and how will technology influence its future? In the latest instalment of our “Revenue Management: A Deeper Conversation” series, we tackle these critical questions head-on. Explore the full discussion here: bit.ly/3WGS8G8 A special thanks to Ira Vouk, MBA, Ryan Tuckerman, Enzo Aita, and Diego Fernandez Perez De Ponga for their insights into the future of revenue management and its impact on today's professionals. #SiteMinder #RevenueManagement
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💰 Otelier Rec is Now Available 💰 We’re thrilled to announce the launch of Otelier Rec - our latest innovation designed to account for every dollar through automation. Why Otelier Rec? In today's fast-paced hospitality industry, manual reconciliation processes can lead to significant revenue and expense leakage. Otelier Rec addresses this critical challenge by automating financial reconciliation workflows. By eliminating manual methods, we’re not just saving hotels thousands of dollars each month; we’re also speeding up month-end closing processes, improving real-time profit and loss reporting, and enhancing overall hotel performance visibility. Otelier Rec is now available as an add-on to our existing products, including DigiAudit, IntelliSight, and TruePlan, reinforcing our commitment to providing a unified platform that caters to the evolving needs of the hospitality industry. Learn more about automating your financial reconciliations and taking the first step toward unparalleled efficiency and profitability: https://lnkd.in/eX3pwUfA #Otelier #HospitalityInnovation #FinancialReconciliation #HotelManagement #OtelierRec #Hospitality #OTAreconciliation #BankReconciliation
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🚀 Transform Your Hotel’s Revenue Management! 🚀 Introducing Avalon Analytics’ tailored revenue management packages to boost your hotel's profitability. Whether you're opening a new property or seeking temporary support, we have the perfect solution for you. Explore our offerings and discover how we can help you optimize your revenue strategies. Click here for more information: https://shorturl.at/JNI4g #RevenueManagement #HotelManagement #HospitalityIndustry #AvalonAnalytics
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Did you know contract-driven revenue can represent 60%+ of a property's revenue today, yet its potential is often overlooked! Group bookings, meetings and events, corporate and social catering, leisure sales, small group sales and more all fall into this incredibly important revenue stream for all property owners and operators. But what if that revenue can work even harder for your bottom line? ROH's payments and revenue management platform serves all revenue that does not run through the front desk. By providing hotel asset owners and operators with advanced technology, automation, workflow tools and compliant transaction solutions, unlocking productivity and profitability at every property. Don't you want to decrease processing costs and increase margin overnight with easy to implement, innovative payment solutions? Learn more at https://lnkd.in/ey5Z3Hce #hospitalitytech #hospitalitytechnology #hospitality #runonroh
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Director of Sales at Otelier | Blending Hospitality & IT Expertise | Driving Profitability through SaaS & BI Solutions
💰 Otelier Rec is Now Available 💰 We’re thrilled to announce the launch of Otelier Rec - our latest innovation designed to account for every dollar through automation. Why Otelier Rec? In today's fast-paced hospitality industry, manual reconciliation processes can lead to significant revenue and expense leakage. Otelier Rec addresses this critical challenge by automating financial reconciliation workflows. By eliminating manual methods, we’re not just saving hotels thousands of dollars each month; we’re also speeding up month-end closing processes, improving real-time profit and loss reporting, and enhancing overall hotel performance visibility. Otelier Rec is now available as an add-on to our existing products, including DigiAudit, IntelliSight, and TruePlan, reinforcing our commitment to providing a unified platform that caters to the evolving needs of the hospitality industry. Learn more about automating your financial reconciliations and taking the first step toward unparalleled efficiency and profitability: https://lnkd.in/eX3pwUfA #Otelier #HospitalityInnovation #FinancialReconciliation #HotelManagement #OtelierRec #Hospitality #OTAreconciliation #BankReconciliation
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Streamline Financial Reconciliations with Otelier Rec
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Revenue management tech is supercharging hotels. In the past, valuable data was often siloed, hindering collaboration and obstructing informed decisions across departments. Today, advancements in revenue management technology are democratizing data access and empowering all teams to be strategic partners. This empowers hotels to: - Predict demand with greater precision - Adapt to market shifts with agility - Optimize pricing strategies for maximum profitability
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Revenue management tech is supercharging hotels. In the past, valuable data was often siloed, hindering collaboration and obstructing informed decisions across departments. Today, advancements in revenue management technology are democratizing data access and empowering all teams to be strategic partners. This empowers hotels to: - Predict demand with greater precision - Adapt to market shifts with agility - Optimize pricing strategies for maximum profitability
Three Ways Hotels Are Using 2024’s Revenue Management Innovations to Do More With Less
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The Hidden Costs of Not Using Guest Complaint Management Software In today's fast-paced world, manual complaint handling can hurt your hotel's reputation and revenue. 1️⃣ Reputation Damage One bad review on platforms like TripAdvisor can harm your business. 87% of consumers read reviews before booking! 2️⃣ Increased Operational Costs Manual methods lead to errors. Automation could save you up to 40% on costs. 3️⃣ Loss of Repeat Business A 5% increase in retention can boost profits by up to 95%! Are you losing loyal guests? 4️⃣ Lower Staff Productivity Staff overwhelmed by complaints? Automation frees up 40% of their time! 5️⃣ Lack of Insights Data is power! Track complaints and create personalized experiences. 80% of frequent travelers prefer hotels that do. Invest in guest complaint management software today! 💡 #HospitalityTech #HotelManagement #CustomerExperience #GuestSatisfaction #Automation
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