Rikki Cavanagh

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Rate Yield Updates Features: March 2024

Mar 20, 2024 | hotelnewsresource.com | Julia Pedrol |Rikki Cavanagh

The Rate Yield development team has been busy and announce product enhancements that have been made in recent months. These enhancements are a testament to Rate Yield's unique value proposition! Market Place: The competitive set is a crucial part of Rate Yield’s algorithm. As of March 2024, you can now weigh the competitors differently by day of week. In the marketplace tab, you can now verify how recently a shop was done.
144 Room Residence Inn in Salt Lake City, Utah to Be Sold for $19.2 Million

Feb 16, 2024 | hotelnewsresource.com | Rikki Cavanagh

Residence Inn Salt Lake City Cottonwood Ashford Hospitality Trust, Inc. (NYSE: AHT) today announced that it has signed a definitive agreement to sell the 144-room Residence Inn located in Salt Lake City, Utah for $19.2 million. The sale is expected to be completed in early March and is subject to normal closing conditions. The Company provides no assurances that the sale will be completed on these terms or at all.
The Most Revenue Optimized Place on Earth - By Rikki Cavanagh

Feb 15, 2024 | hotelnewsresource.com | Rikki Cavanagh

The Most Revenue Optimized Place on Earth Next week I am visiting Walt Disney World with my kids and their best friends. I’ve been dreaming of taking my kids to Disney since before I even met my husband, meanwhile he has never been and imagined that he’d take his children to Disney once for the trip of a lifetime.
6th Hotel Association of India Hoteliers' Conclave Takes Place on 12 February 2024 at The Taj Palace New Delhi

Feb 9, 2024 | hotelnewsresource.com | Rikki Cavanagh

As India stepped into the 'Amrit Kaal' on the country's 75th Republic Day and embarked upon the journey of realising the vision 2047 for a 'New India', the Hotel Association of India (HAI) has geared up to host the 6th edition of its signature event, the HAI Hoteliers' Conclave on 12 February 2024 at The Taj Palace New Delhi.
The Importance of Willingness to Pay - By Rikki Cavanagh

Feb 8, 2024 | hotelnewsresource.com | Rikki Cavanagh

Why is it that in Whistler the rate does not grow in line with occupancy in all seasons? The willingness to pay of consumers depends on their reason for travelling. Are they coming to your destination because it is a major tourist destination, a city with corporate demand or a conference center, or for a particular activity?
7.25 Acre Margaritaville Beach Resort Fort Myers Beach Opens

Dec 8, 2023 | hotelnewsresource.com | Rikki Cavanagh

Today, Margaritaville Beach Resort officially opens on Fort Myers Beach. After the devastating effects of Hurricane Ian, the opening marks an important moment for the community. Following an exclusive locals-only weekend, in celebration of resilience, and ribbon-cutting ceremony attended by dignitaries, community partners and area residents, the resort is open for stays, dining and spa services starting Dec. 11.
Success Storyof a 44 Room Inn: Manoir Belle Plage - By Rikki Cavanagh

Dec 7, 2023 | hotelnewsresource.com | Rikki Cavanagh

When we think about revenue management, we often think of large cities, overbookings, big box hotels and a competitive marketplace. We don’t typically think of a 44-room inn located in a remote destination. However, Rate Yield sat down with their loyal client, Manoir Belle Plage, to discuss what the revenue management software has done for them. Héloïse T. Beaumont was forthcoming in saying that she was skeptical at first.
Key PMS Features Independents Must Consider Budgeting for in 2024 - By Warren Dehan

Nov 28, 2023 | hotelnewsresource.com | Warren Dehan |Rikki Cavanagh

Six game-changing PMS capabilities hoteliers are leveraging for success in 2024 The end of the year is fast approaching. Hoteliers are setting their goals for 2024, with increased communication and transparency between departments high on their list of goals for new technology. The current state of hospitality is leading operators to embrace a fast, reactive approach to hotel management, which thrives on nimble decision-making supported by technology and light automation.
Rate Yield Success Story: Montreal Luxury Properties - By Rikki Cavanagh

Nov 27, 2023 | travelisthenewclub.com | Rikki Cavanagh

As any hospitality professional knows, there are 3 main key performance indicators in the hotel industry. The primary goal of any hotel is to increase revPAR by balancing the occupancy and ADR.
Rate Yield Success Story: Montreal Luxury Properties - By Rikki Cavanagh

Nov 27, 2023 | hotelnewsresource.com | Rikki Cavanagh |Catalina Brinza

As any hospitality professional knows, there are 3 main key performance indicators in the hotel industry.