North America holds the highest market share in the revenue management market. Firms across these countries are adopting cloud-based revenue management solutions, further driving the market share. What is hotel revenue management? Hotel Revenue Management is essential for any hotel owner who wants to run a successful business. The importance of revenue management is irreplaceable in the hotel sector. One must manage the bottom line to ensure profits for the hotel to survive. However, because … Read More

What is hotel revenue management? We have already covered what is revenue management in hotels in our previous articles. The revenue management benefits are immense. But one of the most vital elements of a successful hotel revenue management strategy is forecasting. Forecasts can help you with market trends and consumer behaviour to predict future demand. You can modify your dynamic pricing strategies and inventory levels to match the expected number of guests as well. This … Read More