Editorial Board   Guest Author

Mr. Shah

Ron Shah

Founder & CEO, Bizly

Ron Shah is the founder and CEO of Bizly, an enterprise small meetings platform that helps employees easily book meetings and events at hotels, restaurants, and activity venues.

Mr. Shah founded Bizly after his conference room was flooded and he experienced the painful process of trying to book meeting space at hotels and restaurants. Bizly's mission is to be the world's most employee-centric booking site.

Bizly uses rich and original content, instant booking, messaging and compliance features to create an experience that employees love to use, with all the data and compliance features that drive success for the meetings department. Bizly currently has over 2,000 hotels and restaurants on its platform across the United States, and works with over a dozen Fortune 500 customers.

Prior to launching Bizly, Mr. Shah was a venture capital professional for 15 years. He started his career at Quantum in New York and then went on to become the founder of Jina Ventures, a technology-focused global investment firm.

During his time at Jina Ventures, he completed 9 M&A exits, three IPOs, and over two dozen investments. Over 12 years, Jina Ventures evolved from advisor, fund manager, to expert of emerging market secondaries. Ron spent three years as an on-air contributor for CNBC across several programs including "Trading the Globe," "The Kudlow Report," and "Fast Money."

Mr. Shah has served on the board of directors of several tech companies and non-profits. He has his MBA from NYU Stern and his BBA from the George Washington University.

Please visit http://www.bizly.com for more information.

Mr. Shah can be contacted at +1 646-530-8630 or ron@bizly.com

Coming up in October 2020...

Revenue Management: Maximizing Profit

Hotel Revenue Management continues to evolve at a blistering pace. Driven by technological innovation and new distribution channels, there are some dynamic opportunities for expansion in this fast-growing field. The technology is primarily designed to help revenue managers further refine their operations and pricing models to maximize hotel profit. For example, hotels can't be all things to all people, so a key strategy is to precisely identify their target audience. By employing geo-targeting techniques and analyzing behavior such as previous bookings, on-property purchases and online shopping practices, there is an increased capability to define guest demographics. By segmenting customers in more specific ways, hotels are able to create more personalized experiences which, in turn, allow managers to optimize their room rates. It is also an effective way to fulfill the unique needs and preferences of the individual. Another methodology is to consistently monitor the competition's pricing strategies. There are software tools that analyze a competitor's current rates, and then allow a hotel to make its own pricing adjustments. It is also a useful means to conduct forecasting models. Other technologies that are being integrated into a revenue manager's toolkit include Artificial Intelligence in the form of automated algorithms, and Voice Recognition (VR) for data inquiries, rate changes, and booking behavior. Predictive and analytic software programs are also being leveraged to provide more forward-looking data, instead of the usual reliance on historical performance. These metrics allow managers to be more proactive - rather than reactive - with their revenue strategy. The October issue of the Hotel Business Review will examine these developments and report on how some leading hotels are executing their revenue management strategies.