International Women’s Day represents an opportunity to highlight and celebrate the outstanding achievements and successes that women accomplish worldwide. That’s why I’m thrilled to be featured on the IDeaS blog and offer my many thanks to all the incredible women who have supported me in my journey to date. In my career with IDeaS, I have also enjoyed a fair amount of success. Still, I know that my success stems from the previous work, generosity, courage, and sacrifice of women throughout history. I owe my success to female figures such as Eleanor Roosevelt, Sojourner Truth, Simone de Beauvo ..read more

Implementing a revenue management system (RMS) can evoke a mixture of excitement (how will this make my job easier?) and apprehension (will this work as promised?).   With so much at stake, you need to feel confident. Knowing that the implementation of your RMS is in the hands of experts can make all the difference.  IDeaS has reached 22,000+ implementations and was the first RMS vendor to receive Level 4 Client Care Certification from Hotel Tech Report. That’s the kind of expertise and confidence you can expect.   So, what more could the industry’s most thorough implementa ..read more

How can hospitality organizations reliably increase profits in the face of inflation, staff shortages, and economic uncertainty? The answer: upselling. Upselling offers one of the most effective, proven ways to increase a hospitality organization’s income by putting its resources to good use. In this article, our software partner Oaky will reveal the top benefits of upselling and the top six ways that hotels and other hospitality organizations can optimize their upselling strategies and maximize profitability in 2023 (and beyond). Oaky will take it from here. Let’s get started. The benefits of ..read more

When it comes to bringing in revenue, hotels typically rely on four primary sources: rooms, meetings and events, food and beverage, and ancillary services. In hospitality, typically, the performance of each pillar will determine a property’s financial success. If you want to generate the largest revenue in your property, you need to understand how the four revenue drivers for hotels break down: Rooms: Providing a clean, safe, and comfortable space for people to sleep at night represents the functional backbone of a hotel. Whether rooms are being sold or left vacant is a significant indicator ..read more

Challenges abound for hoteliers in charge of revenue management in the hospitality industry. Hotel revenue management—while essential—can prove extremely difficult for several reasons. How do you attract new guests and clients while promoting the loyalty of existing customers without negatively impacting your bottom line? How do you increase your profits even as prices remain high and the future remains unknown and uncertain? The answer includes a little research, creative thinking, having the right tools on hand, and some help from those who understand what you’re facing. Continue reading to ..read more

Regardless of the pandemonium, the holidays offer the perfect opportunity to reflect and prepare for future success. In other words, there’s no better time for hotels and other hospitality organizations to brush up on best practices that create successful revenue management strategies. So, what are some of those hospitality revenue management best practices? In the paragraphs below, we put together nine top hospitality revenue management tips for increasing profit. Read on to discover more and set your organization up for success in the new year. Tip # 1: Prioritize & increase guest satisf ..read more

As we head into 2023, IDeaS will continue to focus on defining the industry standard in revenue management software and client service. We pride ourselves on having best-in-class support as we help educate our clients to unleash the capabilities of our software. But this year, to invest in our people and capabilities to further level up our client service, we are also committed to investing in our client experience teams. With this in mind, we have invested in our people and the processes needed to encourage and supplement that growth. Having the right person matched with the proper skill set ..read more

Revenue management represents one of those hot topics that never go out of style for hotels and hospitality organizations. After all, hoteliers and revenue managers always feel the need to fine-tune their revenue strategies to stay ahead of the competition—even during prosperous times. While revenue management is important across all industries, it’s critical within the hospitality industry since hotel and resort rooms are perishable commodities. In other words, any room that goes unused results in lost revenue. But by having a revenue strategy that reflects the uniqueness of your market, prop ..read more

If you asked a hotelier to tell you last night’s room occupancy, average daily rate (ADR), and revenue per available room (RevPAR), they could probably give you the answer in a heartbeat. But what happens when you ask them about meeting space utilization, revenue per available square foot, or other key metrics pertaining to meetings and events (M&E)? More likely than not, the hotelier would need some time to find the answer. But considering that M&E accounts for about 20 to 30% of revenue for the average hospitality organization, hoteliers should pay just as much attention to M&E a ..read more

So, you’re considering switching to a different, more effective revenue management system (RMS) for your hotel or hospitality organization. But you have some doubts. Maybe you’re catching yourself thinking: It’s too costly to install a new RMS for my hotel or hospitality organization. It will take up the precious bandwidth of my staff (and they’re already stretched thin). It will take way too long for my new revenue management system to learn how to price effectively. It’s easier to stick with the RMS I know. It’s “good enough.” If you find yourself worrying and wondering about the concerns ..read more