Welcome to Scribd, the world's digital library. Read, publish, and share books and documents. See more
Download
Standard view
Full view
of .
Look up keyword
Like this
1Activity
0 of .
Results for:
No results containing your search query
P. 1
RevUP Newsletter 4Q2010

RevUP Newsletter 4Q2010

Ratings: (0)|Views: 43|Likes:
Published by Scott Brodows

More info:

Published by: Scott Brodows on Jan 26, 2011
Copyright:Attribution Non-commercial

Availability:

Read on Scribd mobile: iPhone, iPad and Android.
download as PDF, TXT or read online from Scribd
See more
See less

01/26/2011

pdf

text

original

 
 
REVUP
 
insider
4RD QUARTER EDITION 2010
 
INSIDE THIS ISSUE:
NOTE FROM COO
P1 
REVUP PRODUCT ROADMAP
P1
INDUSTRY UPDATE
P2
 TRUTH ABOUT REVENUE SYSTEMS
P3
 
REVUP PRODUCT ROADMAP
October:
>Future market PACE: ability to see past-market data in PACE & Pickup reports> PMS Integration: automated Epitome feed& continuing improvements to Operaintegration> Rubicon Sell Rates in Dashboard
 –
zerosell rates will not be plotted on graph
Q4 2010:
>Improve Sensitivity reports to includeMarket Demand and STR data>Improve Forecast reporting to includesegments>Global PMS Load Automation>
Enhance historical and future “event”
management to improve Forecast accuracy.>Enhance competitive set sell rate feed toallow for multiple comp sets>Improve quality of graphs and UI
REVUP NATION,
 
One of our primary goals is to improvedaily PMS data "ROB" feeds to improveyour efficiency and to improve dataquality.
In addition to the many ways we haveimproved the product this year we havealso added new PMS data loadfunctionality.Within the Opera system, we are nowoffering daily 5 day or 7 day automateduploads. This system is working very welland is available to all Opera hotels.In addition to automating the uploadprocess it also allows an easy way todeliver segmented reporting.We are in testing with an Epitome systemwhere we are refreshing data hourly for increased accuracy.In Q4 we plan to test another approach that wehope will allow us to offer automated datafeeds to many additional systems.If successful, we will have a solution for mostof the major PMS systems on the market. As always, we are driven by making thesystem easy to use so you can spend moretime focused on strategy without wasting timewith data entry.Looking forward to a Giants - Yankees WorldSeries, vamanos GigantesMark
P.S. For New York and San Francisco hotels, weexpect to deliver custom Destination Insightsdata next week. This will provide you with futurepace for hotels in your neighborhood instead of the current report which is a very large comp set.
Welcome To RevUP NationPhoenix Inn Bend 
Phoenix Inn Suites located in the heart of beautiful historic downtown Bend Oregon
 
 
“ 
Business travel is returning amidst the ongoing debateabout whether the global economic recovery is losing
steam,” says Pegasus CEO Mike Kistner. “What we’re
seeing is a rise in corporate travel demand being driven by 
corporations’ urgency to pursue sales and new businessopportunities now more than ever” 
 
Future hotel bookings showdouble-digit increases into 2011
By HOTELS EditorsEdited by Ursula Nehr/
Revup Client Services Advisor 
 According to data from Pegasus Solutions future bookingsfor both sectors are returning average double-digitincreases through the first quarter of 2011.
The channel’s reservation volumes jumped 27.9%, while
 ADR increased 7.4%, helping drive revenue up 42.9% over 2009. These figures were accompanied by slight increasesin average length of stay and booking lead times, keyindicators of market confidence.The leisure market, dominated by bookings made throughalternative distribution systems, is also realizing revenueboosts through increases in ADR. While booking volumeshover at 10% higher than the prior year, a lift of 3% in ADRin August drove revenue up 13.7% over 2009, evidencing amore favorable balance between supply and demand. As demand growth continues and hoteliers feel comfortableraising rates, Pegasus data shows double-digit growth inbookings for both channels through the first quarter.Through the GDS, bookings currently show increases of more than 20% for nearly every month, along withstrengthening ADR, while alternative distribution systembooking volumes are expected to grow at an average paceof 10% for the same period.
How can Revup’s users maximize their 
profits & take advantage of new businessopportunities?
 
First step is to take a look at what systemforecast is displaying. Are there any days thatcould benefit from changes in strategies? Are weable to increase pricing to optimize higher ADR?Will change in sell rate give us needed demand?Based on historical booking & pace behavior information forecast is a very powerful tool & withits real-time calculations users are able tomanage demand in more consistent & beneficiarymanner.
 
 
Next step for the user is to take a closer look atmarket demand data.
What is the market’s pace?
Do we see increase or decrease in demand over period of time?
 
Revup
 
users need to remember that the pace of demand is the earliest indicator 
of the hospitality market’s direction
.By observing demand performance for futuredates, we can take definitive actions to get themost out of transitory revenue opportunities.

You're Reading a Free Preview

Download
scribd
/*********** DO NOT ALTER ANYTHING BELOW THIS LINE ! ************/ var s_code=s.t();if(s_code)document.write(s_code)//-->