The scarcity of skilled Revenue Managers in the flourishing hotel industry is indeed a puzzle worth dissecting. Despite a forecasted 10.63% growth in overall demand, the industry grapples with a shortage of adept individuals capable of steering revenue optimization amid this surge. Read more
RedSKY Hospitality, a hospitality tech company specialised in revenue management tools, recently launched a revenue management software called Precium, which the company claims recommends pricing with 95 percent accuracy. The company is now all set to launch a unique rate shopping tool for hotels and work is on to roll out an upgraded version of Precium early next year. Read more