Rainmaker Blog
Discover the latest topics, research, and ideas from experts in hospitality and revenue management
Just like the engine is to a car – powering it and getting you where you need to be – your revenue management forecast powers your entire system and its outputs. Forecast accuracy translates into...
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Rainmaker | June 20, 2019
Revenue Optimization Tip #1: Ensure You're Working Off of an Accurate Forecast
In its simplest form, a revenue manager’s job is to develop a pricing strategy for a hotel that will boost revenue. A critical first step in creating a revenue management strategy is to forecast...
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As a business practice, hotel revenue management (RM) is focused on optimizing financial results. Forecasting is a vital component of any revenue management strategy, and a tool to help managers...
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Topics: Technology, Product
Data management is an absolutely vital business skill for your company. It helps you increase operational intelligence, strategically target customer relationship management and maximize profits....
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Topics: Technology, Product
A next-generation BI solution can force everyone, from the general manager to the sales, marketing, and guest services teams, to think more strategically than ever before. It can spur them to drive...
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Topics: Technology, Product
When it comes to generating actionable insights and driving continuous performance improvement, the right hotel BI tool can rightly be viewed as a game changer. This is true for two simple reasons....
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Topics: Technology, Product
Revenue strategy requires a collaborative approach, with every stakeholder understanding how their decisions impact other departments and your bottom line. The powerful visualizations and customized...
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Topics: Technology, Product
