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Vendor Extends Welcome Mat for Hospitality Industry
SoftBrands Hospitality business supports the enterprise information management needs of hotels and resorts. SoftBrands' range of hospitality software products includes the property management systems Medallion and PORTfolio, and RIO, a leisure management system.
: two-way interface conforms to OTA specifications. The new two-way interface will make it possible for guest reservations to be booked or updated through the Best Western central reservation office or through an individual property using real time hotel availability data for Best Western properties. PORTfolio PORTfolio is a comprehensive client/server hotel system that offers a wide range of functions for both front- and back-office operations in single-site and multi-property hotels and resorts. With
Advancing the Art of Pricing with Science
Companies in search of a better, more precise method to determine the best prices for their products and to meet their margins, should harness statistical science to analyze transactions, and associated optimization algorithms to maximize revenues and profits.
: of thin air (OTA) or sucking (knowledge) out of my thumb method; in other words—guessing. According to the above mentioned PriceX survey, 56 percent of companies polled have some sort of pricing strategy in place, while only 44 percent have a dedicated pricing department or an individual with pricing responsibility. Other key trends uncovered in the survey included that 35 percent of companies consider pricing to be a top priority, yet 61 percent of companies use Excel spreadsheets to determine
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