Blog

Revenue Management for Special Events

By Rikki Cavanagh

Special events come in all shapes and sizes. Whether it is an annual event that takes place in the same city, one that moves to different cities and dates, one that spans several nights or one that has multiple recurrences in a short time period, Revenue Managers around the world are working to maxi...

07.24.2024 12:10 PM - Comment(s)

Rate Yield Philosophy: Making AI Accessible

By Rikki Cavanagh

Rate Yield’s purpose and philosophy is to make AI accessible to hotels of all sizes. This is something we strive to achieve in every aspect of our company. Today, we want to share with you how we embody this philosophy.


Algorithm:

The definition of Artificial Intelligence is to teach a robot to do hum...

06.28.2024 01:03 PM - Comment(s)

A Tale of Two Fires: Comparing the Impact of the Tubbs and Camp Fires on Hotels

By Rikki Cavanagh

In California in 2017 and 2018, two of the most destructive wildfires in state history occurred. The Tubbs fire hit California Wine Country, taking its toll on the popular tourist destination which boasts high rates and occupancy. The Camp Fire, best known for the destruction of Paradise, was contai...

06.26.2024 09:52 AM - Comment(s)

Rate Yield Clients in Quebec City Demonstrate ROI

By Rikki Cavanagh

            With our headquarters in Montreal and a strong presence across the province, we are proud to work with several hotels in the provincial capital of Quebec City. The historical city is popular with tourists and locals, offering a range of hotel ...

06.20.2024 03:00 PM - Comment(s)

The world is changing, and so is demand

By Rikki Cavanagh

          My first job working in a hotel was in sales at a hotel in Downtown Ottawa in 2014. I will always remember a conversation I was having with a wholesaler and our revenue manager on October 23rd, 2014. It was the day after the attack on Parliament...

06.18.2024 01:27 PM - Comment(s)

Monsieur Jean Hotel Particulier: A Success Story

By Rikki Cavanagh

Monsieur Jean is a gorgeous, 78-room, boutique property in the heart of Quebec City. Opening just before the pandemic proved to be a unique challenge. They implemented Rate Yield in the second half of 2023 and immediately saw the impact on their performance. RevPAR nearly doubled every month since t...

05.14.2024 09:15 AM - Comment(s)

Rate Yield Featured Features: March 2024

By Rikki Cavanagh

Our development team has been busy at Rate Yield! We are excited to announce product enhancements that have been made in recent months and are a testament to our unique value proposition! 


Market Place: 

  1. The competitive set is a crucial part of Rate Yield’s algorithm. As of March 2024, you c...

03.18.2024 12:09 PM - Comment(s)

Considerations for Selecting an RMS

By Rikki Cavanagh

Selecting a revenue management system for your hotel is not a simple choice to make. While it may not touch as many departments as a PMS, your RMS will set your hotel’s pricing and ultimately drive your profitability. Here are 5 things you may want to consider when selecting your RMS: 

  1. Automatio...

02.29.2024 04:03 PM - Comment(s)

The Most Revenue Optimized Place on Earth

By Rikki Cavanagh

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. I managed to convince him ...

02.09.2024 02:11 PM - Comment(s)

The Importance of Willingness to Pay

By Rikki Cavanagh

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? Having worked with hotels in Mont-Tremblant briefly, I was cur...

02.01.2024 01:39 PM - Comment(s)