Hotel Management Blog

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Hospitality industry news, trends, tips, ideas, strategies and best practices …

Revenue Management Outsourcing is the New Trend

revenue_management_outsourcingJust over a year ago we wrote an article announcing the increase in outsourcing specialist areas in hotels like revenue management. In the aftermath and recovery from the global economic crisis the eyes of real estate investors and hotel owners should have been opened acknowledging the need for structural change. We would like to benchmark our insight from last year against a recently published survey of Cornell University by Sheryl Kimes titled the Future of Revenue Management.

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Many Revenue Managers Lack Basic Skills

RMS_ButtonLast week Thursday I moderated an expert panel at the BTO conference in Florence, #bto2010, discussing the state of revenue management within the hotel industry. Confirming Xotels’ 4 years of revenue management training and consulting we have come to a rather sad conclusion though; many revenue managers still lack basic skills..

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