Revenue management continues to be a key tool for management and the profitability of their hotels. The concept has created a stand-alone position, a revenue manager, which is now a standard at most lodging properties. Revenue management has evolved to incorporate all segments and levels of revenue in a lodging property and optimally combines the excellent data, automation and great technology tools and sound management from revenue managers integrating decision making skills with profits. READ MORE

Over the last few years, the hospitality industry has seen a significant shift emerge in the luxury traveler space as preferences are moving away from seeking out high-end accommodations and instead prioritizing unique and meaningful experiences. READ MORE

At T.R. ENGEL Group, we believe in many ways, asset management and their investors will direct the future of hotel revenue management with the adoption of evolving software and technology. Revenue Managers now employ leading-edge algorithms alongside business analytics – barely a thought 10 years ago. What are these new trends, and how are hotels integrating Big Data in their revenue management strategies? READ MORE

As the hospitality industry continues to evolve, the fusion of technology and fundamental revenue strategies will undoubtedly remain a guiding principle for sustained success. McKibbon Hospitality outlines their unique three-pronged approach to revenue generation, incorporating Revenue Management, Sales & Marketing, and eCommerce, demonstrating how collaboration and technology can be leveraged to produce results, as proven in the following case study. READ MORE

When does it make sense for a lodging operation to charge guest resort fees? That's debatable. This usage is widespread and nefarious practices have been cited throughout the entire hospitality industry. In fact, President Biden has weighed in on this issue not only citing the hospitality industry for questionable practices regarding resort fees but for airline, banking and ticket service companies as well. READ MORE