Rate Yield News Today

Markham, Ontario, April 9, 2024 — Next week users of the widely popular Maestro PMS platform, a Web Browser based cloud and on-premises all-in-one property-management system, will gather at the King Edward Hotel in Toronto for the SOLD OUT “Accelerate 2024” users conference. The four-day event, to be held April 15 to 18, will enable attendees to exchange ideas, build alliances, and leverage innovative tools and actionable business strategies to capitalize on their Maestro PMS investment.

Markham, Ontario, April 9, 2024 — Next week users of the widely popular Maestro PMS platform, a Web Browser based cloud and on-premises all-in-one property-management system, will gather at the King Edward Hotel in Toronto for the SOLD OUT “Accelerate 2024” users conference. The four-day event, to be held April 15 to 18, will enable attendees to exchange ideas, build alliances, and leverage innovative tools and actionable business strategies to capitalize on their Maestro PMS investment.

Article - Hoteliers to Gather in Toronto for Maestro PMSs Sold Out Accelerate 2024 Users Conference; Game-Changing Tech to Be Showcased - Invitation-only event will feature expansion to sought after all-in-one solutions by this popular PMS provider; NEW Maestro Embedded Payments Solution and NEW Client Reference Incentive Program to be introduced among other new features

Article - Success Storyof a 44 Room Inn: Manoir Belle Plage - By 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.

Article - Rate Yield Success Story: Montreal Luxury Properties - By 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.

Article - Rate Yield RMS Works with ITHQ to Enhance Revenue Management Education - By Rikki Cavanagh - The integration of this platform in university courses offer future industry leaders means to innovate, develop more strategic skills, and adapt to the dynamic and competitive landscape of the hospitality industry.

Article - Displacement Analysis: A Necessary Headache - By Rikki Cavanagh - My first job in a hotel was as a sales manager for tour groups, sports teams and wedding blocks. In other words, I was our revenue manager’s least favourite colleague. I brought in the business that had some of the lowest rates, the most wash and the most guest complaints.

Article - How Rate Yield Works - By Rikki Cavanagh - Rate Yield offers a unique approach to an RMS with a strong focus on current market dynamics and very little focus on the historical trends, given the volatility in recent years. This means pricing is more in line with consumer expectations when they are shopping.

Article - Rate Yield in Montreal: An ROI Analysis - By Rikki Cavanagh - When offering a service, it is very common to be asked to provide an estimated return on investment. Oftentimes we will estimate based on industry standards, for example, revenue management systems are said to have an ROI between 5% and 20%. However, given the volatility in recent years, it is difficult to attribute growth in occupancy or ADR solely to an RMS. And since it is impossible to measure the success of an RMS in a ...

Article - Rate Yield RMS Now Available on Oracle Cloud Marketplace - New integration with Oracle OPERA Cloud Platform makes it nearly seamless to optimize hotel rates in real time using Rate Yield’s automated revenue management software.