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• INSIDE THIS ISSUE: REVUP PRODUCT ROADMAP P1 REVUP BEST PRACTICES P2 COSMIC GUIDETO REVUP P3 INDUSTRY NEWS P4
September
STR: Sensitivity Report Integration
Revamp of Special Event tracking
Cosmetic Improvements to UI
Q3
Support for Segmentation across Reports
User Customization (reports, shortcuts)
Cluster-level reporting
Forecast: advanced PACE/Demand logic
REVUP NATION,
I recently attended Hitec in Orlando and Social media "SM" continues to be the topic Every PMS vendor we met with is shifting their
thought an update from the show would of most interest to hoteliers. All of the focus to the cloud with many new entrants
be of interest to you. questions and advice that we included in our building for the cloud from the start. In
last newsletter were consistently expressed revenue management this is also the trend
The event was much livelier than last year at Hitec. There are services and consultants with all major players offering both client
both in terms of exhibitors and attendees. popping up all over to help hotels get a server and cloud based models. RevUp offers
In general the mood was very positive with handle on what to do with SM. It is clear that tremendous benefits to our customers in cost,
everyone expressing that the worst of "08- hotels must take a proactive view of the efficiency, and functionality based on our
09" is behind us with most markets seeing opportunities and approach it from two head start in the cloud.
an increase in demand. angles. First, from an operations standpoint,
My final observation is how quickly the Apple
hotels need to think of SM as electronic guest
We have a very exciting product launch iPad has gained traction. With no
comment cards on steroids. Whatever
scheduled for July. Gary's column will exaggeration, about 50% of the show
May
processes and communications you have in
provide more details on the Market exhibitors were giving away an iPad to
place for guest comments needs to be
Demand functionality we are June
attendees who registered at their booth. I
replicated at hyper-speed for SM. Second is
implementing. There was good buzz about have never seen one single product so
the need to use SM as you would PR for Q3dominate exhibitor promos. Apple has a good
this at Hitec and we are in line to be first to promotions. Using SM as a vital PR channel
market with integrated revenue business model just for this use alone.
will pay immediate dividends.
management functionality. We are testing dd
this product now and will make an Optimize well my friends,
Another big trend is the shift to cloud
announcement for launch details by the computing and Software as a Service "SaaS" Mark
end of the month. models for most hotel technology needs.
REVUP BEST PRACTICES BY MANISH BALIGA
RevUp has been built through a system of feedback from key industry leaders in
the revenue field. One of the most exciting things about this new software is
that it continues to evolve with the emerging trends and insights which have
been provided through its users which make it customizable to different needs in
diverse hotels.
MANISH BALIGA
DIRECTOR OF REVENUE
PARK CENTRAL HOTEL NYC The property dashboard provides you an The daily sensitivity analysis next helps
Manish has had the pleasure of working with
excellent snap shot of your current me understand how each day of the
the hospitality industry for over 15 years, 5 of positioning for the month and 90 days week is progressing which I then
which have been dedicated to Revenue and out compared to your budget and compare to the pick reports. There are
Distribution primarily in New York City.
forecast. The next step is to review the two new features which are helpful. On
He began his career as a management pickup analysis which tells you your the property dashboard RevUp now
trainee with the Taj group of hotels in India daily pick up based on the number of pulls Rubicon shop report which helps
specializing in Food & Beverage. After 4
days one has selected. It is a key you see your comp set pricing as a
years he was presented with the option of
joining revenue management which he did. indicator that helps you understand how whole or selectively in terms of pricing.
each day is performing based on the The pace and pick reports also segregate
Since then he has successfully managed key
midtown Manhattan East Side Hotels
price points you have set. It also helps transient and group which help you
experiencing the Taj brand, the Carlson brand indicate any low or high rated business understand your segmentation
and independent hotels. that you may be securing. This helps you contributions and if they are having any
Manish holds a degree in Hospitality identify strong/weak days. effect on your pricing.
management from the Indian Institute of Hotel
Management formed by the Taj group of
hotels.
After coming to the United States, he There is some more that I would love to add, but in short the tool is exciting and the
completed his undergrad in Hospitality. After
more you use it, the more you learn. It helps you think more and this leads to
that he moved into theater attending the two
year conservatory at the Stella Adler studio of suggestions which we send to the RevUp team that starts working on its
acting in Manhattan. Having completed his development. Obviously your idea needs to be good!
acting he performed in the local theater
groups of New York and also is credited with
acting alongside Jeff Bridges in the HBO
movie called A Dog year!
TRAVEL TRIPPER
CONGATULATIONS!!!
COSMIC GUIDE TO REVUP URSULA NEHR
DASHBOARD – PART I
What’s even more powerful is that users are able to compare their sell rates with compset rates within
one application. Combining all that information with OTB statistics gives a great advantage of being able
to quickly react to any changes that need immediate attention.
Another great function available is an ability to foresee future demand/trends based on forecast module
which is integrated with user’s historical & current revenue data. This simple tool helps gain better
understanding of how decisions made today impact future bookings.
Coming soon
Revup users will have an option to include future market demand data so stay tune!
INDUSTRY NEWS
http://www.tnooz.com/2010/07/12/news/google-ita-
software-deal-ita-has-been-working-on-hotels