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IDeaS Revenue Solutions

22 posts
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  • 4 min

Destination Optimization: How Tech Is Improving Resort Revenue Management

🏕 Resort revenue management is complex due to diverse offerings and variable demand. G3 RMS assists in optimizing revenue by providing advanced demand forecasting, dynamic pricing strategies, and evaluating group business opportunities. For example, it can suggest optimized controls and automate pricing adjustments after cancellations. The technology also aids in guest data analysis for personalized pricing and experience strategies. Felix Llibre, Director of Sales at Loews Coral Gables, endorses the tool for early buy-in and alignment between departments.
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  • 4 min

Is a Revenue Management System Worth It? Exploring the Value of an RMS

💾 51% of worldwide hotel rooms, or 15 million, use revenue management technology. Hotel Tech Benchmark dashboard estimates that 53% of large chains, 46% of mid-size chains, and 56% of independents see rate parity management as a major manual task. G3 RMS aids in demand forecasting, automation, and strategic decision-making. Among hotel investors using revenue management tech, 25% reported a net operating income increase of over 10%.
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