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  • Next Event

    HITEC DUBAI

    Hospitality Industry Technology Exposition & Conference

    December 5–6, 2018
    Dubai, UAE

  • Upcoming Event

    HITEC EUROPE 2019

    Hospitality Industry Technology Exposition & Conference

    April 10–11, 2019
    Palau de Congressos
    Palma, Mallorca - Spain

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    HITEC MINNEAPOLIS

    Hospitality Industry Technology Exposition & Conference

    Minneapolis Convention Center

    June 17-20, 2019

Industry Insights from the Cornell Hospitality Summit: Personalizing Pricing & Distribution

IDeaS Blog 14 November 2018
IDeaS was pleased to sit down with multiple hospitality industry experts at Cornell University’s Hospitality Research Summit last October. These conversations covered a wide range of subjects, from how consumer behaviors are evolving to the critical items that hoteliers need to act on to be prepared for the future.

Did You Leave Your Revenue Technology in the Stone Age?

IDeaS Blog 12 September 2018
Do you know how many devices are currently “hooked up” to your in-home Wi-Fi? Go ahead and count up your phones, laptops and TVs, perhaps a smart speaker or thermostat, lights and appliances—maybe even your bed. On average, there are over five connected devices per household—and that number is only set to rise in the coming years. Forward-thinking travel and hospitality companies are working on a variety of approaches to take advantage of this technology spike.

5 Ways to Use Big Data Effectively

IDeaS Blog 14 August 2018
When it comes to using industry data and revenue technology for sustainable channel execution, management and results, hotels need to not only prioritize the right types of data, but use it effectively to track and manage their costs and thoroughly understand their guests.

The Secrets of RMS Readiness Success

IDeaS Blog 8 August 2018
“I want a revenue management system (RMS) for my hotel, but am I or is my property really ready for one?” In my seven years of adventures with IDeaS, I’ve come to realize a few key factors to help hoteliers and their properties be more successful with an RMS before investing.
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Resorts and Revenue Technology Finally Elope in Magical Destination Wedding

IDeaS Blog 25 July 2018
Resort revenue managers, you eternal bachelors and bachelorettes, prepare to fall head over heels.
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Meet Your Voice-Activated Assistant

IDeaS Blog 18 July 2018
Technology continues to push the boundaries of what is possible, and as a result, more and more of it becomes a fixture in our daily lives. It’s why machine-to-machine communication will continue to exponentially grow, leading to more opportunities for efficiency in every industry.
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Cornell Hospitality Summit Series: Failure Is an Option

IDeaS Blog 5 July 2018
I had the great pleasure to join some of the leading experts in travel technology at Cornell University to discuss disruption and transformation in the hospitality industry at their Hospitality Research Summit last October. Our conversations covered a wide range of subjects, from how to improve the guest experience to what the capabilities of artificial intelligence look like for hotels in the future.
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Rise of the Revenue Strategists - Dispatch from Houston

IDeaS Blog 28 June 2018
What happens to hotel prices in the US when over 600 pricing and revenue managers spend a day away from their jobs to get educated on the future of the discipline? Well, hopefully nothing if they have systems which autonomously make sure their hotel’s prices are optimized whether they are in their office or not.
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Cornell Hospitality Summit Series: Consumer Behavior & Expectations

IDeaS Blog 6 June 2018
This is the third in a series of four videos from the Cornell Hospitality Research Summit, attended by Klaus Kohlmayr, chief evangelist with IDeaS.
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Are You Serious?

IDeaS Blog 23 May 2018
About your meetings & events strategy—wait, you have one, right? It’s time to shift the paradigm from a guest-room-only revenue focus The devil’s in the data for creating more accurate, demand-based forecasts Boldly price and book function space where no hotel has gone before
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No Flying Cars...Yet

IDeaS Blog 17 May 2018
Predicting the future of hotel technology Data transformation and the cloud Evolving guest expectations Seamless integrations and intelligence
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Cornell Hospitality Summit Series: Cloud-Based Property Management

IDeaS Blog 2 May 2018
I had the great pleasure to join some of the leading experts in travel technology at Cornell University to discuss disruption and transformation in the hospitality industry at their Hospitality Research Summit last October. Our conversations covered a wide range of subjects, from how to improve the guest experience to what the capabilities of artificial intelligence look like for hotels in the future.
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Defining the Future - Dispatch from Amsterdam

IDeaS Blog 19 April 2018
Atypical for a conference focused on data and analytics, there was a lot of talk of family and culture last week during the HSMAI Europe Revenue Optimization Conference. Of course, data is critical, and analytics are what make (most of) us get out of bed in the morning. Revenue managers need hard facts, stats, tables and graphs to be happy, but it was refreshing to take some time out to hear (and think) about what is often more important—what makes passionate, engaged leaders who help change the world of hospitality and beyond.
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[WEBINAR] Building a Smart Meetings & Events Strategy

IDeaS Blog 17 April 2018
Join IDeaS senior product manager Kate Keisling, along with special hotel-industry guests, for an upcoming live webinar on how to rethink and build a better meetings & events (M&E) space strategy.Click to Tweet | IDeaS Twitter
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Channel Performance Revs Up Profits for Hoteliers

IDeaS Blog 11 April 2018
There’s a lot of industry buzz about attracting and converting direct bookings to thwart OTA commissions and drive guest loyalty—and that’s a worthy goal. However, many hotels rely on OTAs for their marketing reach, oftentimes dominated by bigger brands. Our advice? Gather your data, evaluate your channel mix and costs and make informed decisions that deliver the greatest bang for the most tolerable buck.
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I'll See Your ROI and Raise You an ROU

IDeaS Blog 4 April 2018
“What’s my ROI?” We’ve all heard it. We’ve probably all been guilty of asking it. Anytime you ask for money, advocating for a purchase, it inevitably comes up. Return on Investment (ROI) has been a measurement long used in the hotel industry whether for property investment, advertising spend or capital expenditures. And when it comes to new or improved technology, potential buyers consider ROI measurement to determine when the technology will pay for itself.
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Cornell Hospitality Summit Series: Hospitality Technology Disruption

IDeaS Blog 21 March 2018
I had the great pleasure to join some of the leading experts in travel technology at Cornell University to discuss disruption and transformation in the hospitality industry at their Hospitality Research Summit last October. Our conversations covered a wide range of subjects, from how to improve the guest experience to what the capabilities of artificial intelligence look like for hotels in the future.
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Profit Optimization - All for one and one for all!

IDeaS Blog 8 March 2018
Today’s hoteliers face rising pressure to increase their hotel profitability. From acquiring brand new customers to driving repeat business and loyalty, making the right operational decisions and running a hotel with optimal efficiency continues to be an ongoing challenge for top hotel executives. However, with increased scrutiny focused on the best ways to drive total hotel profitability, what exactly does the industry’s c-suite need to know about revenue strategy and profit optimization?
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The Complex Simplicity of Revenue Management Systems

IDeaS Blog 22 February 2018
At last week’s Revenue by Design conference panel in London, we discussed the evolving simplicity of revenue management systems (RMS). It’s amazing to think that the industry has come so far. We now have critical revenue management information in the palms of our hands, always on, from anywhere and everywhere. We are provided data from an increasing number of sources, automatically feeding algorithms, and for the most sophisticated solutions, we can even ask the system what would happen if there was a price change and get instant simulated outcomes without actually implementing one.
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Do revenue managers share a similar strategy with...McDonald's?

IDeaS Blog 19 February 2018
In the world of fast food, change could be coming. A recent article about McDonald’s speculates that the fast food leader has its sights set on transforming itself into a “credible chicken player.” Why, you ask?
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Can I Get That Revenue Strategy to Go?

IDeaS Blog 14 February 2018
It only takes a few taps of a finger to learn a new language, virtually redesign your living room or order a personal driver—who can also bring you dinner. We are one generation away from having to explain the concept of a desktop computer to a child, and with every passing day, technology continues to push the boundaries of what is possible.
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Why rate management is not revenue strategy

IDeaS Blog 7 February 2018
The practice of revenue management encompasses several activities that revenue managers can use to help steer their hotel’s profitability and performance. These responsibilities are vast and varied—they can range from refining and deploying hotel rates, to weekly forecasting, to surviving a seemingly endless budget season, and more.
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Distribution Channel Strategy: The Path to Profitability

IDeaS Blog 24 January 2018
If attaining guests through loyalty programs, personalization and the provision of choice is the hospitality industry’s Holy Grail, then profitability is the infinite abundance it promises. When it comes to achieving higher degrees of hotel profitability, nothing provides more opportunities for the incorporation of these elements than an intelligent revenue strategy.
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Best Available Rate: 'Rumors of my death have been greatly exaggerated!'

IDeaS Blog 10 January 2018
According to some, the concept of the Best Available Rate (BAR) is a thing of the past. Yet, in nearly every hotel I encounter, they still offer a best available rate—especially global chains. Has BAR gone the way of the “rack rate” or have they both slowly evolved from a one-dimensional element of a pricing strategy into a multifaceted component of superior business optimization? How exactly has BAR been affected by the changing industry and is it time for its moment of silence?
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Leveraging New RM Methodologies and Capabilities in 2018

IDeaS Blog 3 January 2018
Since IDeaS’ early beginnings in 1989, our timeline of product and service evolution is a great barometer of the fast-paced changes in hospitality revenue management over the decades. And now, we’re seeing expansion into other industries, such as parking and function/meeting space, and providers are keen to leverage the power of automated revenue optimization.
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The Future of Revenue Management Series: Total Hotel Revenue Management

IDeaS Blog 20 December 2017
The function of revenue management within a hotel organization has evolved significantly since its inception. The proliferation of industry data and channels only solidifies what we’ve already realized: revenue management is in the midst of an analytical tsunami.

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