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.
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
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.
Total Revenue Forecasting eBook
Learn how to tackle the art and science of forecasting all hotel revenue streams.
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.
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.
Read the Blog >
Exceptional Circumstances Call for Exceptional Analytics
Powerful and proactive analytics provide the compass we need to navigate this crisis.
Read the Blog >
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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