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The Next Hotel Revenue Manager Generation in the AI Era
By Ahmed Mahmoud, Founder, revenueyourhotel.com
The hospitality industry is experiencing a seismic shift as Artificial intelligence (AI) is rapidly transforming the role of the revenue manager, ushering in a new era for hotel profitability. While some may fear AI as a job-killer, the reality is far more exciting. This intelligent revolution is creating a breed of "revenue management renegades" - a generation empowered by AI to become strategic masterminds, not just data crunchers.
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DAILY HEADLINES - Thursday Jul 25, 2024
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ARCHIVES
More from our online Library Archives...
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Breaking Down Revenue Management in the Era of Big Data
By Michael McCartan, Area Vice President, EMEA, IDeaS
Operators who understand who is booking with them in real-time and what type of demand they command can go beyond offering optimized rates to travelers. Revenue managers can include other departments across hospitality, provide more relevant data points, and use visualization tools to make it all understandable-and actionable. In the race to leverage big data, revenue management is already helping hoteliers gain total revenue management.
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Hotel Revenue Management Evolution Post Covid-19
By Ermin Jusufovic, Corporate Director of Revenue Strategy, Valor Hospitality Partners
Like almost everything in the hotel industry, revenue management changed dramatically during the last year. The pandemic conditions challenged all established processes and best practices as demand dried up, and historical data was rendered powerless in predicting future performance. Organizations with strong revenue culture were able to adapt and weather the storm, but with the Delta Variant raging through the country and as group and business travel segments lag in recovery, it is time to re-invent once again.
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