Changing Property Management Systems is a large undertaking for any hotel. It requires cooperation from different stakeholders internally and externally and if something isn’t done correctly it can have a huge impact on the bottom line.
With the shift from server-based softwares to cloud-based softwa...
The way we manage competitive sets is probably my favorite part about Rate Yield and my favorite topic of conversation as a business development professional. In all aspects of business, defining and understanding your competition is of utmost priority. In ...
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...
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...
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...
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 ...
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...
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...
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:
The competitive set is a crucial part of Rate Yield’s algorithm. As of March 2024, you c...
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:
Automatio...
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