The future of revenue managers in the age of AI co-pilots - In the rapidly evolving landscape of hospitality revenue management, artificial intelligence has emerged not just as a tool, but as a potential co-pilot.
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Dynamic pricing doesn’t have to alienate your customers - Dynamic pricing, the practice of varying prices in response to shifting market conditions, has been in the news a lot recently, and not exactly for good reasons.
May 13, 2024 • Hospitality
Las Vegas hotels defeat price-fixing class action over room rates - The plaintiffs had not shown that the hotels had made any agreement with each other to fix prices.
May 13, 2024 • Hospitality
Hotels urged to calculate guest acquisition metrics carefully - Finding customers in the most cost-effective way possible remains one of the most pressing challenges for the hospitality industry.
May 2, 2024 • Hospitality
Could the use of algorithms to set hotel rates become illegal? - Several class action lawsuits allege that simply having access to algorithmic pricing information constitutes illegal collaboration between business rivals.
Apr 30, 2024 • Hospitality
Welcome to pricing hell - The ubiquitous rise of add-on fees and personalized pricing has turned buying stuff into a game you can’t win.
Apr 18, 2024 • Hospitality
Dynamic pricing is coming for everything in travel - Many companiees have been so focused on the potential for profits through increasingly complex fee structures that they haven’t stopped to think about whether they should.
Apr 4, 2024 • Hospitality
Predicting generative AI's impact on hotel revenue management - The impact of generative AI on revenue management processes is deep and multifaceted, promising to revolutionize how hotels optimize their revenue strategies.
Apr 4, 2024 • Hospitality
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