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This year brought unexpected disruption and downturn for the hospitality and travel industry. Now, hotels must kick off their annual budget season in a heightened state of uncertainty.

Despite all the unknowns, your hotel’s 2021 budget precision is going to matter like never before (no pressure or anything). This means informed, data-driven decisions you can count on are needed to support your hotel’s financial outlook through the critical period of recovery.

Do More With Less.

Reorganized and consolidated organizations have made revenue management resources and time more valuable than ever. This new reality calls for new tools to get the job done. The human element is still vital, but hotels must now look to invest in key automated technologies to drive greater operational efficiencies—not to mention less time spent forecasting and reporting.

 

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IDeaS’ Automated Revenue Management Solutions Deliver:

 





Confidence, clarity, and control—whether you oversee one hotel or an entire chain
 




Profitable, data-driven pricing decisions you can count on
 




Accurate total revenue forecasting capabilities
 

 





Increased RevPAR, optimized business mix and enhanced productivity
 




Complete return on tech investment within months of implementation
 




A stronger organizational culture of science-based revenue enhancement
 

 

 

 

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Additional Resources

 

Hotel Revenue Management Ultimate
Buyer's Guide

New times call for new tools—download our latest guide to make the most confident, well-informed decision possible for the commercial success of your hotel.

Download Now >

Total Revenue Forecasting eBook
 

Learn how to tackle the art and science of forecasting all hotel revenue streams.

Download Now >

Budget Season Is Here, and the Gloves Are Off
 

Read this year’s definitive hotel budget season primer written by IDeaS’ own CFO, Brian Douty.

Download Now >

Further Readings to Help You Out This Budget Season. 

 

 

Judgment Day: The Time Has Come to Appraise Your Hotel Tech Investments

Now, facing a historic downturn, many hoteliers are looking back at the tools purchased when times were good to see how they will help them navigate periods of economic uncertainty. The time has come to identify what is most valuable to sustaining business right now and reconsider the rest.

Read the Article >


Doing More with Less – The Essentiality of Automated Revenue Management

Hotels are heading into budget season at a difficult time for the industry. The pandemic-driven downturn has slashed revenues and imposed significant financial pain, forcing many hotels to focus on cost control. As a result, individual properties and groups are running lean, with smaller operational and management teams.

Read the Article >


Financial Forecasts & Budgets in Today’s Environment

With continual moving targets, shifting guidance, and volatile markets, hotel forecasting and budgeting has become borderline Sisyphean.

Read the Blog >


How Smart Financial Forecasting Can Protect Hotel Asset Value

When forecasts are inaccurate, bad decisions result. When forecasts are realistic and comprehensive, they help protect asset value and buy precious time until revenues start flowing again.

Read the Article >


Software Helping to Set Hotel Room Rates Put to the Test During the Pandemic

For years we’ve asked, “Should humans or machines make the decisions?” This crisis has underlined how humans and machines must work together—now more than ever.

Read the Article >


The Importance of Revenue Management in Times of Uncertainty

How revenue management strategies and technology will be vital to your hotel’s recovery.

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Exceptional Circumstances Call for Exceptional Analytics

Powerful and proactive analytics provide the compass we need to navigate this crisis.

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Great Expectations – What a CFO Wants in a Forecast

IDeaS’ own financial leader shares tips on leveling up your forecast game and keeping your CFO happy.

Read the Blog >


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