| | 6 TRAVEL AND HOSPITALITY TECH OUTLOOKAPRIL - JUNE 2022 April - June - 2022, Volume 03 - Issue - 03Published by ValleyMedia, Inc. To subscribe to Travel and Hospitality Tech OutlookVisit www.travelnhospitalitytech.comManaging EditorJudy ChristinEditorial StaffSalesEditorial QueriesEmail: Alex D'SouzaJoe PattrickVisualizerAsher BlakeDavid Fernandesdavid@travelnhospitalitytech.comVictoria Millervictoria@travelnhospitalitytech.comsales@travelnhospitalitytech.comeditor@travelnhospitalitytech.commarketing@travelnhospitalitytech.comEditorialJudy ChristinManaging Editoreditor@travelnhospitalitytech.comAs the impact of the COVID-19 pandemic is fading, revenue management teams in the travel and hospitality industry are constantly revaluating their business approach to stay on top of the latest trends and thrive in today's hyper-competitive world. Hotels across the globe are looking for advanced revenue management services and strategies to increase their bottom lines.Forward-thinking hoteliers are shifting their focus from revenue management to revenue generation. With the help of attribute-based pricing, revenue managers can sell every room attribute and additional experience separately. These attributes are dynamically priced depending on the demand, making way for increased revenue. Besides, revenue management teams are leveraging automation, system interconnectivity, and API integrations to improve efficiencies. They can even customize automation based on hotels' strategies.Forecasting has gained renewed importance, especially in the post-pandemic travel and hospitality landscape. Revenue management teams are prioritizing short-term trends when creating forecasts in order to stay updated on rapid demand fluctuations and take immediate action. At the same time, advanced revenue management systems have emerged as a must-have technology as they can process huge volumes of data and generate comprehensive reports, helping hoteliers optimally price their rooms.A myriad of revenue management service companies in the market offers the newest, innovative, and state-of-the-art services for hotels worldwide. To help leaders navigate through the list of top revenue management service companies, our panel consisting of CEOs, CIOs, VCs, industry analysts, and the editorial board of Travel and Hospitality Tech Outlook presents to you the top companies in this landscape. We took a deep dive into the market trends to narrow down the list of companies that exhibit competence in delivering robust services. Equipped with innovative technological capabilities, these enlisted service providers transform enterprises at the cloverleaf of various disruptive technologies. We hope this issue of Travel and Hospitality Tech Outlook helps you build the partnership you and your organization need to foster an environment driven by efficient technology. Let us know your thoughts!New Avenues to Increased Hotel Revenue Copyright © 2022 ValleyMedia, Inc. All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher thereof.Julia ThomasMatthew JacobVictor MorrisDisclaimer: *Some of the Insights are based on our interviews with CIOs and CXOs
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