Intro
Finally, in 2023, the city of Berlin once again was host to the ITB, the world's largest trade fair for tourism and the global travel industry. Finally! Just like Berlin, the ITB represents diversity, inventiveness, cosmopolitanism and, of course, a love of travel. No other city in Germany attracts such a large number of tourists every year.
Berlin is more accustomed to change than almost any other city. We experience change and we live it. So the ITB could hardly have found a better motto for 2023 than this: Open for change!
Towards the end of the magazine we come a complete circle with Ira Vouk's article on 7 must-have attributes of the next-generation revenue management technology. In fact, I’m pleased to see that we share many of the views presented in the article and are already planning or have already implemented the proposed solutions within our services
Finally, we present 5 special Berlin hotels that show the same features of our city that have been described above: a Berlin that’s cosmopolitan, diverse and welcoming.
GRANT#3 – Highlights
Happy 25th anniversary, Bianca Spalteholz
The future of revenue management technology
Strategic Revenue Management seit 25 Jahren
Strategic Revenue Management – 25th Spalteholz Anniversary
The increased use of artificial intelligence to assess demand is accelerating the already considerable and also dynamic changes occurring in the RM business model. In times of staff shortages, many hotels cannot avoid outsourcing anyway, because now more than ever it‘s important to keep a close eye on controlling capacity and managing prices. Read online →
Ira Vouk
7 Must-Have Attributes of Next-Generation Revenue Management Tech
There's a lot of potential for existing RMS vendors to improve their products in order to catch up with the real needs of a modern hotelier. Most aspects of their functionality (forecasting, pricing, segmentation, etc.) are built in the pre-covid era. But do those strategies still work?
A critical listical, by Ira Vouk. Read online →
GRANT#3 – Contents
API
The epochal importance of programming interfaces
Benchmarking
How to use benchmarking for your hotel
City Demand versus Cluster Demand
Which perspective provides better results? Read ONLINE
Duetto
New guest habits, new revenue streams
by Sarah McCay Tams, Duetto Research
Event data
Solid event data in HQ revenue
Forecasting
Forecasting in a post-pandemic world, by Ivan Abakumov, HQ plus. Read ONLINE
Geolocations
Geolocations for expert demand forecasting
HQ plus
Make business and pricing decisions based on the most reliable data. Interview with Roland Hehn and Sven Blaurock | Read ONLINE
Intelligence
The future of revenue management depends upon your own capabilities, by Fabian Bartnick, Infinito Tech
Junior Suite
Intelligent room type mapping
KPIs
Hotel KPIs ensure success – by Silvia A. Mayer, IDeaS
Loreca
The importance of visibility in modern revenue management – by Bart-Jan Leyts, Loreca
Marketing
Data-driven marketing - in the future there'll be no alternative – By Brandnamic
The Net Revenue
Strategies to maximise uniqueness – by Francesc González, The Net Revenue
One system for all
The all-in-one solution for marketing, sales, revenue and top management – by Anders Johansson, Demand Calendar
PMS
A PMS ready for change and evolution – by Roberto D'Aquilla, Proxima Service
Revenue Management
Starting with revenue management – by Sebastian Kuhnhardt, happyhotel
Strategic Revenue Management
25 years of Spalteholz Hotelkompetenz – Interview with Bianca Spalteholz, Spalteholz Hotelkompetenz
TRevPAR
Total revenue management to optimise all revenue streams in the hotel – by Per-Anders "Perra" Petterssonm Benchmarking Alliance Nordic
Upselling
How and when hotels should upsell – by Karl Schmidtner, UpsellGuru
Vouk, Ira
The future of revenue management technology – by Ira Vouk | Read ONLINE
Weather
Keeping an eye on the weather and business development at the same time
X- and y-axes
Your own price/ rating ratio compared to the comp set
Yielding
Intelligent RMS: The right rate at the right time – by Martin Maneschg, RateBoard
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