Hospitality Revenue Management involves big data, demand forecasting techniques, pricing optimization models and next-generation technology platforms. This Smart Decision Guide is intended for decision makers, including hotel and resort operators, property managers and owners, who are looking to bring the science of next-generation revenue management to their businesses.
Best-available-rate (BAR) pricing has been at the core of traditional revenue management for years but with the advent of new channels it has now become antiquated. In this whitepaper you can learn how the new Open Pricing model works and how you can start implementing this new strategy to maximize your hotel’s profits.
Casino marketers who practice basic revenue management can turn their lucrative gaming property into a profit-generating machine. In this whitepaper you will read how revenue management allows you to observe trends in the marketplace and determine the right price to get the most profit.
Big Data is leading to better forecasting, which is helping casinos operate more efficiently and market to players more effectively. In this whitepaper you will learn how you can use big data to forecast the demand for your casino hotel more accurately.