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The RFP Process for Hotel PMS
📋 An RFP (Request for Proposal) is a vital document and process for hotels to acquire services like Property Management Systems (PMS). It outlines the hotel's needs and facilitates comparison of vendors' products, services, and prices. The RFP process includes drafting, reviewing, and distributing the document to pre-qualified vendors who then detail their offerings for evaluation. Various RFP formats exist, with the text-style format recommended for comprehensive analysis. Standard RFP structure and supporting templates are available for download, aiding in the selection and…
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From Revenue Manager to Commercial Strategist
📈 76% of revenue managers' week is spent on internal tasks. Nearly 40% of RMS recommendations are overridden manually. Less than 50% of their time goes to direct revenue-generating work. LodgIQ urges a shift to commercial strategists who optimize hotel performance. Their guide, “From Revenue Manager to Commercial Strategist,” focuses on AI, automation, and business intelligence for strategic impact.
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Inspirational Guide for Hoteliers
📈 Societies Quarterly July – September 2025 outlines key hospitality trends. Luxury, design, technology, and AI are now central, not peripheral, in shaping the future of extraordinary places. This quarterly benchmark explores the transformations in the hotel experience, focusing on innovations and cultural shifts that will significantly impact the industry.
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