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Duetto Content Team

37 posts
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  • 3 min

The AI-powered future of revenue management | Duetto

  • Duetto Content Team
  • 16 January 2025
🏨 AI in revenue management is rated 4.5/5 in importance by global hoteliers, with 47.2% naming it the top industry challenge. AI aids in predictive forecasting (86.1%), dynamic pricing (69.4%), and competitive intelligence (58.3%). Generative AI, a new frontier, could personalize pricing and booking channels. AI democratizes advanced strategies for small hotels and complements human expertise as an advisor. The 2025 hospitality trends report includes actionable AI integration steps and insights from industry leaders.
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  • 3 min

AI and the transformative era of revenue management | Duetto

  • Duetto Content Team
  • 16 January 2025
💻 AI is reshaping revenue management and guest experience in the hospitality industry, with personalized pricing and new booking channels emerging. By the second half of 2025, consumer-facing applications for personalized pricing are expected. AI levels the playing field, allowing small properties to adopt advanced revenue management strategies. Key performance indicators (KPIs) such as return on ad spend (RoAS) and labor expense are being redefined with AI, focusing on cost efficiency and marketing return. A dual strategy, balancing short-term competitiveness and long-term innovation, is crucial. Rising tech spend due to labor costs will push the adoption of AI automation, emphasizing user-friendly technology. Success hinges on agility, AI prioritization, and partnering with tech providers.
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  • 4 min

How hotel tech is helping South Korean hotels get ahead | Duetto

  • Duetto Content Team
  • 2 January 2025
The COVID-19 pandemic affected the South Korean hotel industry significantly, as was the case with most countries. Post-pandemic, hotels needed to adapt the way they approached revenue strategy to get…
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  • 4 min

How to harness market intelligence to revolutionize revenue | Duetto

  • Duetto Content Team
  • 6 December 2024
Market intelligence has long been the lynchpin of hotel revenue management. From the early days when the RM would manually call all the hotels in their comp set to get…
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  • 4 min

Casinos boost revenue with a flexible reinvestment strategy | Duetto

  • Duetto Content Team
  • 4 December 2024
Marketers and casino revenue managers have largely looked past nuanced reinvestment calculations, because the only goal was filling the hotel and, ultimately, the casino. Consider the following chart:  These simplified…
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  • 3 min

5 tips to building a casino revenue management strategy | Duetto

  • Duetto Content Team
  • 12 November 2024
🂱 Nevin Reed, Senior Director of Casino Services, emphasizes the importance of a casino-centric revenue management strategy, including technology for analyzing supply, demand, worth data, and total profit. Key strategies involve segmentation, forecasting, open pricing, leveraging loyalty programs, and dynamic reinvestment to optimize each booking and maximize revenue. Casinos can increase profitability by adjusting offers for various customer segments and dynamically customizing rates based on total customer value, ultimately enhancing the guest experience.
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  • 3 min

Hotel overbooking and walking guests | Duetto

  • Duetto Content Team
  • 12 November 2024
“Overbooking” or being “walked” are terms few people were familiar with unless they had spent time working in the hospitality or airline industries. That was until a video of a…
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  • 5 min

How Radisson is making revenue a team sport | Duetto

  • Duetto Content Team
  • 8 November 2024
🔔 Gianni Di Fede, Senior Vice President at Radisson Hotel Group since 2017, aimed to enhance revenue operations. Radisson has structured global revenue management that extends from global to local levels. The Revenue Club, with technology partner Duetto, held its first post-pandemic meeting in Gran Canaria in June. Radisson's Corporate Support Office comprises teams for revenue management, distribution, and business intelligence, with specialized units like rate loading, five-year planning, and revenue operations. Madri, St Petersburg, and Dubai serve as Global Centres of Excellence for their respective regions. EMMA, Radisson's technology platform, integrates core functions and utilizes Duetto. Cluster operations help manage revenue in multi-hotel cities by applying unified strategies, while local input involves flexibility and empowerment at the hotel level.
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  • 2 min

Data Democracy: How tech can boost hotel profitability | Duetto

  • Duetto Content Team
  • 7 November 2024
📊 Duetto Revenue Strategy Forum (RSF) Greece 2024 convened at One&Only Aesthesis for a half-day event, focusing on how data and technology can empower hotel revenue teams and drive growth. Dr. Aris Ikkos noted a 9.9% year-over-year increase in Greek tourism by August 2024, despite a 7% drop in average spending per visitor. AI was highlighted for its role in predicting guest behavior and optimizing pricing. The Hellenic Chamber of Hotels emphasized the urgency of digital transformation for Greek hotels to stay competitive.
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  • 2 min

Transformative role of data in revenue management | Duetto

  • Duetto Content Team
  • 21 October 2024
📊 In the 'Data, Data, Everywhere' webinar, experts from Dragonfly Strategists, Epic Revenue Consultants, and Grand Metropolitan Hotels discussed leveraging data in revenue management. Key points included the shift from historical data to dynamic market intelligence, the necessity of interdepartmental collaboration, and the increasing difficulty of responding to fluctuating demand. Emphasis was on data visualization and the critical role of technology and AI in optimizing pricing strategies and inventory management for the hospitality industry's profitability.
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