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Hotel Revenue Management: Challenges & Solutions | Webinar By Hotelogix & Booking Suite
This Webinar is over| Date | Feb 28, 2017 |
| Time | 06:00 AM EDT |
| Cost | Free |
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Online
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Originating from a mathematical sales model within the airline industry, the concept made its way into the hospitality industry as Hotel Revenue Management in the 1990s. Marriott International was one of the first major players to introduce this concept into its business strategies. Hotel Revenue Management has grown in importance ever since.
In earlier days, all data was evaluated manually by the Hotel Revenue Management. Over the years, more elaborated Revenue Management Systems (RMS) were designed to facilitate this process. However, The advent of internet in the 21st century along with the rise in OTAs has added another dimension to this field making traditional Hotel Revenue Management much more complex. Demand patterns have become much more unpredictable, while increasingly dependent on user generated content, especially reviews.
In light of these developments, we would like to present Current trends in Hotel Revenue Management in our webinar on 28th February 2017. Moreover, in collaboration with BookingSuite we will also shed light onto the next generation revenue management practices for Hotels to adopt.
In earlier days, all data was evaluated manually by the Hotel Revenue Management. Over the years, more elaborated Revenue Management Systems (RMS) were designed to facilitate this process. However, The advent of internet in the 21st century along with the rise in OTAs has added another dimension to this field making traditional Hotel Revenue Management much more complex. Demand patterns have become much more unpredictable, while increasingly dependent on user generated content, especially reviews.
In light of these developments, we would like to present Current trends in Hotel Revenue Management in our webinar on 28th February 2017. Moreover, in collaboration with BookingSuite we will also shed light onto the next generation revenue management practices for Hotels to adopt.
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