Articles tagged “revenue management”

Sophisticated revenue management systems will undoubtedly become more commonplace in the hotel industry, but today still only a small minority of hotels use them. There is a lot of room left for growth, innovation, and disruption.

In this video conversation from the 2021 Skift Aviation Forum, we hear from Alex Mans, founder and CEO of FLYR Labs, and Dan Marcec, research editor at SkiftX, on how artificial intelligence and deep learning tech can give travel businesses crucial data insights to help make smarter and more profitable decisions.

The WestCap Group has led a $150 million round in Flyr, a startup that helps travel companies boost their revenue. "Mogul management" appears to be the new "revenue management."

Airlines have historically been cautious about adopting new technologies. So it's striking to hear any talk that carriers are buying new software during the pandemic-related revenue crisis.

Argentina-based Despegar has broadened its geographic reach through acquisitions, and that has enabled the company to boast that seasonality factor has been eliminated from the business. While that statement is a stretch, it will be great for the company to take advantage of Mexico summers while Brazil winters.

2021 is shaping up as a critical year for hospitality recovery and reinvention as countries around the world start to reopen to tourism. In this new report, Skift and Oracle Hospitality present the results of a 2021 global research study exploring business strategies, guest needs, and emerging technologies hotels will use to accelerate their recovery.

In this video from the Skift Short-Term Rental and Outdoor Summit, we hear from Julie Brinkman, CEO of Beyond, about how the company is helping short-term rental owners and managers develop a new playbook to run their properties more successfully and profitably.

IDeaS, which makes software to help hotel owners set their room rates, boosted its financial performance in 2020 without layoffs. But this year brings unique market conditions for its hotel customers. So a lot depends on the launch of its new service, Optix.

A new platform called Skytra, developed by Airbus, has been three years in the making, but expect tentative first steps from a battered and bruised travel industry.

Airlines need to shift from forecasting models that rely primarily on historical data to ones that analyze real-time demand. That's how Amazon and other e-commerce companies handle pricing. No wonder travel tech players PROS, Amadeus, Sabre, and Flyr spy an opportunity.