Integrations are a big headache for us at Pace. Hotels want to use our solution but connectivity is holding them back. Which is why we're so excited about initiatives like SiteMinder Exchange. To learn more, I sat down with Mike Ford, the CEO of Siteminder, at HITEC Houston to understand their strategy.
There are two secrets to revenue management that fewer than 1% of revenue managers know. They use these secrets to grow revenues faster with less work. Over the next 5 years these secrets will enter the mainstream thinking and become the new revenue management foundation.
During 2015 we were attacked by poshtels. Since then hostels have been on fire. Recently, the sale of Generator Hostels and the launch of JOE&JOE marked the culmination of this trend. Hostels are now a serious business and industry. But how are they actually different from hotels on an operational level?
Last week I was collecting my thoughts on the state of revenue management and how hotels differ in their approach. It was a fun exercise to map the differences out and at some stage during the process I thought of a children's book I'd read years ago, Winnie the Pooh
I’m very happy to announce to all of our customers and partners that Pace has today passed a significant milestone. We have completed a fundraise of more than £2.5 million to continue on our mission of giving hotels an entirely new way to think about revenue management.
Last month Prix turned one. It's been an incredible journey. Twelve months ago ago I had a co-founder in Atlanta, Georgia, a prototype which kind of worked but hadn't been tested, and investor money in a bank-account I had set up weeks earlier.