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Maximizing Profits and Guest Satisfaction: The Future of Revenue Management with AI Integration
This is an article co-written by Chat GPT & Pontus Berner Introduction The buzzword of the year is AI. According to Trootech, the present AI market stand October 2023 is worth over 300 billion EUR, and AI has become the number one priority for 83% of businesses around the globe. Thus, this article delves into […]
VODCAST with RevenueHub: SWOT Analysis of the Revenue Manager and RMS Technology
Our conversation is looking at the various strengths and weaknesses of a Revenue Manager and the strengths and weaknesses of a Revenue Management System (RMS). A very timely and interesting topic! We often hear the discussion around technology replacing the human but, is there actually a choice to be made between having a revenue manager […]
Philipp Stelzer from HQ Revenue: Seeing through the data jungle – Market Intelligence Tools explained
In this exciting episode, Veit delves into the world of market intelligence tools with Philipp Stelzer from HQ Revenue and looks at how they have revolutionised the landscape of business and pricing decisions for hotels. Together they discover how data analytics and real-time market data are redefining the rules for pricing and revenue strategies, and […]
Tibor Fejes from Marriott International: “Independents have a speed advantage”
This time around, berner+becker office hours hits you with another episode in English! Veit welcomes Tibor Fejes, Senior Director, Global Revenue Performance, Policy and Planning at Marriott International. They talk about challenges faced in Revenue Management, adaptability to changes and speed to market in the landscape, the impact of technology, the role of us humans […]
A Macro-Level Guide to Understanding Essential Data in Hotel Revenue Management
Hello, fellow hoteliers! Running a hotel is like conducting an orchestra, isn’t it? There are so many different elements to harmonise. But instead of violins and cellos, you’re working with bookings, rates, staff schedules, and guest satisfaction. To help you conduct this beautiful symphony, let’s step back and look at the broader, macro-level data trends […]
berner+becker office hours – Episode 10: Revenue Management Support Tools – kurze intro und Auftakt einer Serie! (DEU)
We call it the Anniversary Episode! 😉 Episode 10 is live from berner+becker office hours! Particularly concise, without much digression, and this time without a guest – podcast host Veit guides us through the ins and outs of Revenue Management Support Tools in just under 10 minutes. Market intelligence, upselling, and benchmarking tools are at […]
Expedia best practice guide for hoteliers
The major OTAs play an important role in the distribution of hotel offers. In order to benefit from them in the best possible way, you as hoteliers should consider some important aspects. In this article, we focus on the specifics, best practices and other aspects of and about Expedia and give you a brief guide […]
VODCAST with RevenueHub: Is Summer 2023 Looking Positive for German Hotel Market?
In this discussion, we focus on the German hotel market. Pontus and Trevor from Revenue Hub review Summer months ahead, touching on some early possible challenges for the leisure markets as domestic customers look to travel abroad, whether this will bring some pricing pressures and offers for final thoughts for hoteliers to start moving away […]
berner+becker office hours – Episode 9: Revenue Management Systems für Hotels – Was muss man wissen? (DEU)
Guests: Fabian Prinz, Sales Director at Pace Revenue We speak with Fabian Prinz from Pace Revenue to clarify some essential questions: Why is a good revenue management system essential for hotels? What are the functions of a revenue management system? How can these functions help maximise a hotel’s profit? What kind of data is analysed […]
Booking.com best practice guide for hoteliers
The major OTAs play an important role in the distribution of hotel offers. In order to benefit from them optimally, as a hotelier, you should consider some important aspects. In this article, we focus on the peculiarities, best practices, and other aspects of booking.com and give you a brief guide to help you set up […]