webinar - leverage integrated hotel systems to boost revenue per guest

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Wednesday, September 30 9:30 am PT Leverage integrated hotel systems to boost revenue per guest

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Page 1: Webinar - Leverage Integrated Hotel Systems to Boost Revenue Per Guest

Wednesday, September 30 9:30 am PT

Leverage integrated hotel systems to boost revenue per guest

Page 2: Webinar - Leverage Integrated Hotel Systems to Boost Revenue Per Guest

Agenda

▍ What technologies are critical for the hotels' bottom line

▍ Ask the right questions when evaluating tech partners

▍ How tight system integration saves time and increases profits

▍ How to measure the ROI of your technology investment

▍ Real examples of how integrated systems can boost RevPAR

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Page 3: Webinar - Leverage Integrated Hotel Systems to Boost Revenue Per Guest

Critical technologies

PMS

CRS RMS

ChannelManager

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The Importance of Integration

Page 5: Webinar - Leverage Integrated Hotel Systems to Boost Revenue Per Guest

Then: Hundreds of Interfaces

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Now: Write once and use the API in many different places

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Importance of integration

Get best-in-breed services

Real time rates, availability and

restrictions

Maximize room inventory and

revenue

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In the cloud

▍Ensures room inventory is available across numerous marketplaces

▍Allows users to manage on the go

▍Scalable and continuously upgraded

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About PSMS

▍Amanda – can we recycle existing Sales / Marketing slides for this?Tackle Today’s Industry Challenges Head-On with our

Next-Generation Solutions • Reduce Total Cost of Ownership• Minimize Your Technology Footprint• Enhance Ease of Use• Simplify Data and Security Compliance• Improve Integration• Streamline Feature Updates

Page 10: Webinar - Leverage Integrated Hotel Systems to Boost Revenue Per Guest

Yesterday’s PMS Interface Landscape

Hotel Front Desk

Property Management System

Movies

Keycard

Mini-Fridge

Room Phones

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Today’s PMS Integration Landscape

PMS

Payments

Casino Management

Loyalty In-Room Systems

Sales & Catering

Revenue Management

Business Intelligence Back Office

Activity Systems

Food/Bev & Retail POS

Mobility

Reservation Distribution

E-Marketing

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How PMS Interfacing Has EvolvedYesterday’s PMS Interfaces Today’s PMS Integration

Tightly coupled Loosely coupled – use what you need

Limited data capabilities Virtually unlimited data access

RS232 (serial) and file-based protocols Web-service based (REST / JSON, SOAP /XML)

No message or protocol standardization – proprietary and development intensive

Numerous standard bodies in play such as HTNG, OTA and others – high chance of reusability

Batch or daily file updates Near real-time data pushes

Limited or no data security Multi-layered security and system authentication models

Functionally light Functionally rich

Often difficult to deploy and support “Plug & Play”

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▍ Work with “Best of Breed” Partners

▍ Employ Industry Standardized Protocols and Current Day Technologies

▍ Be as “open” and accessible as possible

▍ Invest – invest – invest!!

Page 14: Webinar - Leverage Integrated Hotel Systems to Boost Revenue Per Guest

Value of Integration

Enhance Guest Experience

Drive Revenue Deliver Management Tools

Improve Security & Lower Costs

| Mobility| In-Room Systems| Loyalty| Casino Management| Activity & POS Systems

| Distribution Management

| Revenue Management| Sales & Catering| e-Marketing| Activity & POS Systems

| Business Intelligence| Mobility| Back Office| Revenue Management| Distribution

Management

| Payments| In-Room Systems

Page 15: Webinar - Leverage Integrated Hotel Systems to Boost Revenue Per Guest

Data Security

Top 9 Threat Vectors

All stats courtesy of Verizon Data Breach Investigations Report

Average Cost of Breach

“7 Million Vulnerabilities were exploited in 2014 but just 8 accounted for 97% of all incidents”

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Three-Point Plan for Your Hotel

1. Develop a comprehensive security plan and enforce it2. Drive employee awareness3. Work closely with your vendors

T. Kellerman Dept. Homeland Security

Robbie SinclairHead of Security Country Energy Australia

Security is a business issue, not a technical issue. Security is always excessive

until it’s not enough.

“” “

Page 17: Webinar - Leverage Integrated Hotel Systems to Boost Revenue Per Guest

What should Hoteliers consider when purchasing systems?

▍Does the vendor invest regularly in integration?

▍Do they support the industry’s standard protocols?

▍Do they offer flexible integration platforms and employ current-day technologies?

▍Are they widely recognized as being collaborative?

▍Where applicable - is protecting your client data their most critical stated objective?

Page 18: Webinar - Leverage Integrated Hotel Systems to Boost Revenue Per Guest

Julie BeasVice President of Deployment22 years of experience in the industry

| What is a RMS?| Where does it fit?| Why are integrations important?| How do you Evaluate Partners?

Page 19: Webinar - Leverage Integrated Hotel Systems to Boost Revenue Per Guest

About Duetto

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Founded byIndustry Leaders

World-ClassTechnology Development

Committed toCustomer Success

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What is RMS?A Revenue Management System (RMS) is a predictive analytic solution to help hotel companies understand their demand and allows them to make smart pricing decisions.

The center of operations for all pricing and revenue decisions

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▍RMS will not fit in if there is not buy in from all departments in the Hotel organization.

▍Who is everyone? ▍Revenue Management Team▍Marketing (Hotel Marketing, Internet Marketing, etc)▍Hotel Operations▍Sales ▍Internet eComm Team▍Teleservices ▍Etc.

Where does it fit in?

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Why are integrations important?

▍ Immediate data, creates knowledge which in turn creates immediate decisions.

▍ Integrations increase Revenue and productivity

Proactive

Reactive

VS

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Importance of integration

Saves Time10 Minutes to change 1 rate

vs.10 minutes to update rates for 365

Focus and StrategyRate strategy vs. rate changes

Decreased ErrorAutomated vs. manual

Page 24: Webinar - Leverage Integrated Hotel Systems to Boost Revenue Per Guest

How to Evaluate Tech Partners

▍Strategic Fit▍Do your philosophies match up?

▍Cultural Fit▍Will you enjoy working with them?

▍Physical Fit▍Can they connect?▍What is required?▍Will they integrate?

Page 25: Webinar - Leverage Integrated Hotel Systems to Boost Revenue Per Guest

SHR offers the most complete distribution platform in the industry. Not only do you get industry-leading CRS technology,

you get a team who knows and understands the industry to help you navigate the ever-changing distribution landscape.

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Central Reservation System

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Cloud Based Systems

▍Easy to setup and operate

▍Reduce technology expense

▍Easily accessible

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Reduce labor expense

Increase data security

Minimize errors

Improve efficiencies

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Flexible Operational Workflow

Optimize revenues

Better business intelligence

Increased marketing

conversionsAbsolute rate parity control

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Measuring Return on Investment

With the right systems converging together with your success in mind, your ROI of integrating is clear :

▍Better data▍Reduced expenses▍Maximized ADR and RevPar

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Questions?