Posts on the science, technology & practices of Revenue Management
We’re excited to announce our partnership with Mews Systems and welcome aboard hotels and hostels that use Mews Commander.
Two key questions for any person or group doing forecasting are: (1) How good are we in predicting reality? (2) How good are we compared to others?
I often get asked “What makes the underlying engine of Prix different? - And what are its advantages? This is my answer.
Revenue per available room (RevPAR) provides a broad benchmark of hotel performance.
Average Daily Rate (ADR) is a simple metric to determine the performance of a hotel or room type.
Hotel occupancy rate helps you to work out the utilisation of your property over a given time period.
Two of the most important tools for revenue managers are pick-up and pace. They are a necessary foundation to understanding how to deal with changes in demand for your property.
A comparison of Sibyl, the underlying engine of Prix, to other time-series forecasting methodologies.
A sensible explanation of Revenue Management. What it is and why it's practiced.
Revenue management was first invented by American Airlines in the 1980s. It's come a long way since those early days.
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