How Centralizing Revenue Management Enables The Next Wave of Innovation - Dax Cross, Revenue Analytics [Sponsor Bonus]

In this special sponsored episode, Dax Cross, CEO of Revenue Analytics, shares insights into the evolution of revenue management in hospitality.[00:22] - Dax's background and the origins of Revenue Analytics.[03:21] - Overview of Revenue Analytics.[04:14] - The benefits of cross-pollination of ideas from different industries.[05:57] - The transition from a consulting company to a software as a service (SaaS) company.[07:35] - The size and scope of Revenue Analytics' business in hospitality.[09:01] - Trends in revenue management today.[11:20] - The shift towards "above-property" revenue management.[14:12] - The importance of thinking at a higher level for commercial strategy and how technology can enable this shift.[17:04] - Challenges in managing data and the importance of synthesizing information for better decision-making.[21:00] - Insights from enterprise companies that can be applied to midsize hotel groups.[25:06] - A case study of a midsize hotel group that successfully transitioned to a more automated revenue management system.[27:57] - The importance of building trust in technology and the role of transparency in system recommendations.[30:14] - Advice for overwhelmed revenue managers on how to move towards a more strategic approach.[32:29] - Resources and next steps for listeners interested in learning more.Resources:Learn more about N2Pricing RMSFree guide: Experience a day in the life with N2Pricing™ RMS See more resources from Revenue AnalyticsA few more resources:If you're new to Hospitality Daily, start here. You can send me a message here with questions, comments, or guest suggestionsIf you want to get my summary and actionable insights from each episode delivered to your inbox each day, subscribe here for free.Follow Hospitality Daily and join the conversation on YouTube, LinkedIn, and Instagram.If you want to advertise on Hospitality Daily, here are the ways we can work together.If you found this episode interesting or helpful, send it to someone on your team so you can turn the ideas into action and benefit your business and the people you serve!Music for this show is produced by Clay Bassford of Bespoke Sound: Music Identity Design for Hospitality Brands