Latest news with #revenueoptimization
Hospitality Net
29-05-2025
- Business
- Hospitality Net
TakeUp and Cloudbeds Team Up to Make Revenue Optimization Effortless for Independent Hospitality Properties
TakeUp, the AI-powered revenue management platform built for independent hospitality properties, announced today a new integration partnership with Cloudbeds, the innovative leader in hospitality management technology. This collaboration equips boutique hotels, inns, bed & breakfasts, and glamping retreats with seamless, automated revenue optimization—helping them maximize earnings while saving time. With this integration, independent hoteliers using Cloudbeds can now access TakeUp's AI-driven pricing engine, which dynamically adjusts room rates based on real-time market demand, competitor pricing, and booking trends. Alongside AI-powered automation, TakeUp's experienced revenue strategists act as an extension of each property's team, providing expert guidance to fine-tune pricing strategies and maximize long-term profitability. Cloudbeds' partner integration marketplace connects hoteliers with industry-leading solutions that enhance property management, revenue strategy, and guest experience. By integrating with Cloudbeds, TakeUp becomes part of a growing ecosystem of innovative tools designed to help independent hoteliers compete more effectively. This seamless connection ensures that TakeUp users can access advanced revenue management capabilities without disrupting their existing workflows. 'Cloudbeds has built an outstanding platform that streamlines hotel operations, and we're excited to enhance that experience by making revenue optimization effortless for their customers,' said Bobby Marhamat, CEO at TakeUp. 'By partnering with Cloudbeds, we're delivering AI-powered pricing automation and expert-backed strategies in a way that's simple, effective, and tailored to small and independent properties.' Key Benefits of the TakeUp + Cloudbeds Integration: AI-Driven Pricing Optimization – Automatically adjusts rates to reflect demand, competition, and market trends. Revenue Strategist Support – AI-powered insights, enhanced by expert guidance, ensure a strategic approach to pricing. Seamless Cloudbeds Integration – Quick and easy setup with no disruption to existing operations. User-Friendly Analytics – TakeUp's intuitive dashboard provides performance tracking and benchmarking. 'At Cloudbeds, our goal is to give hoteliers the tools they need to run their businesses more efficiently and profitably,' said Sebastien Leitner, VP of Partnerships at Cloudbeds. 'Partnering with TakeUp gives our customers access to a smart, easy-to-use revenue management solution that helps them stay ahead without adding unnecessary complexity to their workflows.' A Future of Smarter Revenue for Independent Hoteliers Independent hotels no longer have to guess at pricing strategies or spend hours manually adjusting rates. With TakeUp and Cloudbeds integrated together, properties of all sizes can now leverage AI-powered revenue management—a capability that was once only accessible to large hotel brands. About TakeUp TakeUp is an AI-powered revenue optimization platform built for independent hospitality properties, including boutique hotels, inns, bed & breakfasts, and glamping retreats. By leveraging AI-driven insights and expert revenue strategists, TakeUp helps properties maximize revenue and save time, seamlessly integrating with leading property management systems to drive profitability and operational efficiency. For more information visit About Cloudbeds Cloudbeds is the leading platform redefining the concept of PMS for the hospitality industry, serving tens of thousands of properties in more than 150 countries worldwide. Built from the ground up to be masterfully unified and scalable, the award-winning Cloudbeds Platform brings together built-in and integrated solutions that modernize hotel operations, distribution, guest experience, and data & analytics. Founded in 2012, Cloudbeds has been named a top PMS, Hotel Management System and Channel Manager (2021-2025) by Hotel Tech Report, World's Best Hotel PMS Solutions Provider (2022) by World Travel Awards, and recognized in Deloitte's Technology Fast 500 in 2024. Kelly Campbell Marketing Director View source
Travel Daily News
23-05-2025
- Business
- Travel Daily News
IDeaS achieves 426% growth in Greece through strategic hotel partnerships
IDeaS reports 426% growth in Greece, driven by strong hotel demand for revenue optimization tools amid rising tourism performance. ATHENS – IDeaS, a SAS company and the world's leading provider of hospitality revenue management software and services, reports record-breaking growth in Greece. This rapid expansion is driven by a wave of strategic hotel partnerships and increasing demand for sophisticated solutions tailored to optimize revenues for properties of all sizes and operating models. Between 2023 and 2024, IDeaS reported a 426% increase in year-on-year revenue, reflecting the company's growing influence in southern Europe's vibrant hospitality sector. Over this period, the business closed 27 new deals in Greece. IDeaS' growth aligns with Greece's tourism sector, which reached new heights in 2024, welcoming approximately 35.9 million international visitors and generating 21.7 billion euros in tourism revenue, surpassing previous records. The Athens market alone saw strong growth with average hotel occupancy reaching 78%, an 8.9% increase in the average daily rate (ADR) to 149.26 euros, and an 11.4% rise in revenue per available room (RevPAR) to 116.48 euros. Michael McCartan, Area Vice President, EMEA, IDeaS, said: 'Our performance in Greece has been nothing short of extraordinary. The appetite for dynamic, technology driven revenue management strategies is growing fast, and our clients are seeing the results. We're proud to support this transformation with solutions that empower hoteliers to adapt quickly, boost profitability, and elevate guest experiences.' IDeaS' growth in 2024 was anchored by a series of significant client acquisitions across the hospitality spectrum. These wins demonstrate the company's ability to deliver tailored revenue management solutions to a wide variety of property types, from boutique and lifestyle accommodations to expansive resort groups and multi-property portfolios. This momentum has continued into 2025, with further additions strengthening IDeaS' presence across both established and emerging markets. As Greek hoteliers face rising operating costs, tighter lending conditions and a rapidly evolving digital distribution landscape, investment in revenue management technology is increasingly seen as strategic necessity. By leveraging advanced demand forecasting to guide dynamic pricing, inventory, and distribution decisions – down to the room-type and market-segment level – operators gain the agility to respond to shifting market dynamics and drive more sustainable, long-term growth.
Hospitality Net
13-05-2025
- Business
- Hospitality Net
Duetto and Event Temple Unveil Groundbreaking Integration for Seamless Event Revenue Management
San Francisco, CA — Duetto and Event Temple are excited to announce a first-of-its-kind partnership combining the power of Duetto's cutting-edge OpenSpace solution and Event Temple's award-winning venue management software. Specifically designed to eliminate manual processes, prevent errors, and unlock new revenue opportunities, the integration between OpenSpace and Event Temple enables hotels and venues with fully synchronized, automated, and real-time booking workflows. We're thrilled to partner with Event Temple to deliver a solution that not only enhances operational efficiency, but also drives data-driven event revenue optimization. This integration aligns event sales, revenue, and general management teams, enabling them to focus on strategic growth rather than manual processes or troubleshooting discrepancies. Strategically, the groundbreaking partnership allows hoteliers to tie event space pricing to the property's revenue strategy, providing a cohesive approach to on-property revenue management. John Lingos-Webb, VP, Global Partnerships & Alliances, at Duetto The powerful integration features a fully synchronized, two-way connection that continuously updates both systems. Providing a single source of truth eliminates potential double bookings and inaccuracies, allowing teams to make informed pricing decisions while reducing errors. The combination of Duetto OpenSpace and Event Temple is a smart addition. It not only allows us to represent dynamic pricing, but also boosts efficiency and team satisfaction. For any hotel considering it, the integration is seamless and simply makes sense. customer Christian Rex, General Manager, Paulinenhof Leveraging real-time data, hotels and venues can optimize event revenue, forecast demand, reduce last-minute discounting, and streamline their sales and revenue management processes for more efficient and profitable bookings. We understand that hoteliers and hospitality professionals have to juggle many priorities. We want to offer straightforward solutions that work to make their jobs easier. That's why we're delighted to announce this partnership and integration with Duetto OpenSpace — it truly delivers on that promise. Bob Graham, CEO of Event Temple This integration represents a significant step in how hotels and venues manage event sales and revenue, ensuring they reach their full potential profitability. Visit our website to learn more about the partnership, and join our virtual event on June 3, 2025. About Duetto Duetto is the leading revenue strategy platform for the hospitality industry, unlocking revenue for rooms and event spaces in more than 6,800 hotels, casinos, and resorts globally. The creators of Open Pricing, Duetto's RMS leverages real-time data, predictive analytics, and automation tools to optimize pricing and revenue strategies, driving increased profitability and operational efficiency. With comprehensive reporting and forecasting capabilities, Duetto empowers hospitality professionals with the insights needed to navigate the complexities of the modern travel landscape. Named the world's #1 revenue management system in the HotelTechAwards four years running, from 2022 to 2025, Duetto is on a mission to become the revenue and profit operating system for the hotel industry. For more information, please visit Julia Pedrol Content & PR Manager
Hospitality Net
13-05-2025
- Business
- Hospitality Net
Abode Hotel Tech Investment Index: Revenue Solutions Raise $480M, Overtaking PMS Funding for the First Time
New hotel tech investment report draws data from 32 funding rounds and 30 firms Research shows seismic shift in investor priorities as hotels seek to optimize revenue PMS funding held strong with $375 million combined from Mews, Apaleo and Stayntouch Revenue-focused solutions have officially overtaken property management systems (PMS) as the top-performing category for hotel tech investment, according to a new report by Abode Worldwide, the specialist communications consultancy for the hospitality tech and proptech sectors. Drawing on data from 32 funding rounds across 30 companies, Abode Worldwide's State of Hotel Tech Investment 2025 reveals that revenue-focused solutions attracted over $480 million, significantly outpacing the $375 million raised by PMS providers between December 2023 and April 2025. It marks the first time that global investment into revenue-focused software providers has surpassed PMS solutions, signaling a seismic shift in investor priorities as hotels seek to optimize pricing and boost profitability through rich market insights, automation, AI, and data-driven forecasting. The surge last year was led by Lighthouse, a commercial intelligence platform which raised $370 million Series C, becoming the sector's new unicorn. Revenue management software platform RoomPriceGenie secured $75 million, while Smartness (previously known as SmartPricing) raised €13 million. The rally highlights sustained demand for intelligent pricing, automated rate adjustments, and revenue optimization strategies. PMS leaders including Apaleo, Mews, and Stayntouch also made headlines with major raises. Mews alone accounted for the lion's share of PMS funding, with three separate rounds — including a €101 million Series D — totaling nearly $290 million. Apaleo and Stayntouch added to the momentum with €20 million and $48 million respectively, contributing to a total PMS raise of $375 million across the same 17-month period. Amid persistent global economic uncertainty, hotels are doubling down on technologies that drive revenue and margin. Investors are increasingly shifting focus to platforms that offer clear ROI through smarter pricing, improved yield, and data-led decision-making. We're seeing them put their trust – and dollars – behind solutions that help hoteliers compete more effectively. Jessica Gillingham, CEO of Abode Worldwide and author of the upcoming book Tech-Enabled Hospitality (Kogan Page, Aug 2025) Abode Worldwide's State of Hotel Tech Investment 2025 offers a comprehensive snapshot of startup investment across the global hotel technology ecosystem. Drawing on publicly available funding data sourced from Crunchbase and Abode's industry insight, the Index categorises investment activity by vertical — including PMS, RMS, guest experience, operations, and more — offering unique visibility into where capital is flowing and why. The report found that enhancing guest interactions has become a priority for hotels, as evidenced by the $73 million invested in guest experience platforms and adjacent technologies. The 2025 edition spans activity from December 2023 through April 2025, covering 32 disclosed investment rounds across 30 companies in 15 countries. The Index is designed to help investors, hoteliers, and hospitality tech providers better understand evolving market dynamics, identify growth opportunities, and track the technologies shaping the future of the industry.
Travel Daily News
07-05-2025
- Business
- Travel Daily News
Integration partnership between RMS and Right Revenue
RMS and Right Revenue partner to provide independent hotels real-time data, AI-powered forecasting, and dynamic pricing for revenue optimisation. LONDON – RMS, a leading hospitality platform for hotels, motels, serviced apartments and short-term rentals has announced an integration partnership with Right Revenue, a powerful revenue management solution for independent hotels. This integration provides seamless, real-time data information flow between the two platforms, enabling hotels to make faster and smarter pricing decisions with more accurate forecasting. With live booking data from RMS feeding directly into Right Revenue's AI-powered platform, hoteliers can optimise room rates, anticipate demand and maximise revenue with minimal input, positioning them to adopt a strategic rate strategy in line with larger hotel chains. Adam Seskis, CEO at RMS, said: 'For independent hotel owners and operators, the lack of accurate revenue forecasting can lead to missed booking trends, ultimately resulting in significant revenue loss. Our integration with Right Revenue addresses these challenges. This partnership combines two powerful platforms to give independent hoteliers a competitive edge. By integrating RMS with Right Revenue, we're enabling access to real-time insights, automated pricing, and faster, smarter decision-making.' Adrienne Hanna, Founder and CEO of Right Revenue, said: 'Our goal is to help independent hoteliers set the right pricing strategy to maximise revenue. By integrating with RMS, we're making it easier for independent hotel owners to achieve that balance, ensuring improved income and freeing up time to focus on enhancing the guest experience.' Right Revenue delivers both pricing suggestions and forecasts every day for two years in advance with less than a 2% margin of error and double-digit revenue growth. Hotel managers can use the platform to forecast by segment, source, channel, room type, and rate type, unlocking smart rate recommendations to keep them ahead of the curve. The integration between RMS and Right Revenue will provide hoteliers with customisable, real-time reporting and a clear view of key business KPIs, all within a single, intuitive platform. By factoring in live guest booking behaviours, the system delivers dynamic rate suggestions, enabling hoteliers to tailor their offerings to match current demand and optimise revenue opportunities.
