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Duetto’s unwavering commitment to innovation and delivering cutting-edge solutions has solidified its position as the preferred partner for hotels and casinos worldwide, adding 200,000 hotel rooms to the platform in 2023 alone.
duetGlobal leader in revenue management systems announces successful acquisition Miseretis the leading provider of dynamic pricing and online booking tools tailored for meeting and event spaces. This strategic milestone highlights Duetto’s unwavering dedication to dynamic revenue management solutions and its strong focus on the groups and events segment, reinforcing its position as an industry leader adept at meeting the diverse needs of the hospitality industry. Founded in Germany, Micerate has a wealth of expertise and is committed to providing professional solutions that increase the profitability of meeting spaces and simplify booking efficiency for its valued customers.
Key features of the Micerate platform:
- Strategic Revenue Optimization: Dynamic pricing of event space enables hoteliers to strategically plan pricing and control capabilities for hotel event and meeting space. Algorithm-based pricing isn’t just about numbers; It sustainably promotes sales of event and meeting spaces, ensuring Duetto clients stay ahead of the curve in a highly competitive market.
- Effortless Sales Authorization: Revolutionize the quoting process for meeting and event spaces with an intuitive quote generator that makes it easier to create quotes and menus. Hoteliers can dynamically engage customers during the offer creation process, creating not just transactions but meaningful connections that drive conversions.
- Tailored online event sales experience: Hoteliers can enhance their online presence with a personalized meeting and event space booking engine that is seamlessly integrated into their brand website. This dual focus on personalizing tools to not only maximize event revenue but also improve efficiency underscores Duetto’s commitment across its entire product suite.
Revenue technology investment continues to grow year by year 2024 Duetto Annual Trends and Forecasts Report Once again, hotel technology spending continues to increase. 71.4% of respondents predict that hotel technology spending will continue to increase in the next three years, with a focus on price automation and group optimization.
In a triumphant year of resilience and growth, Duetto achieved strong expansion in key markets, with a notable highlight being record-breaking growth in Asia Pacific.
“Duetto is built on innovation and continues to maintain market leadership to ensure our clients maintain a consistent competitive advantage. Adding Micerate to our platform is important as it fits seamlessly with our vision. In addition to the benefits to groups and In addition to dynamically pricing events to increase revenue, Micerate has introduced an advanced booking engine integrated directly into hotel brand websites, streamlining operations and saving valuable time for meetings and events teams. Three fundamental things our clients look to Duetto for Essentials: Enhanced revenue generation, accurate forecasting and operational efficiency – Micerate delivers on every front” explain David WoolenbergCEO, Duetto.
Vishal savedChief Financial Officer, Duetto, comments “This acquisition represents another milestone for Duetto and lays the foundation for continued growth in our industry. Our solid financial position, marked by stable revenue growth, profitability and a strong balance sheet, positions us well for our continued growth This strategic move not only contributes to our inorganic growth, but also emphasizes our confidence and ability to pursue additional opportunities.”
“Micerate brings to the Duetto family exceptional capabilities for managing and booking function spaces. It complements and extends Duetto BlockBuster to provide a comprehensive solution for groups, meetings and events. Together, Duetto and Micerate provide a suite of solutions for sales and revenue teams Unparalleled tools to increase revenue and efficiency. This strategic integration enables workflow collaboration, analytics and visibility to drive coordination and execution between client sales and revenue management functions while underscoring Duetto’s commitment to providing Group Management A strong commitment to innovative, best-in-class solutions.” explain Darren CookCPO, duet.
“As someone who has dedicated his entire career to the hospitality industry, partnering with Duetto marks an exciting next step. Partnering with a global player that aligns with our values of ease of use and exceptional customer service is more than just a strategic move , is a strategic move. It is a testament to our shared vision for the industry. I am truly excited about the possibilities ahead as we continue our journey of innovation and focus on maximizing hotel revenue.” explain Gerhard Wassenmice.
Theodore is co-founder and Editor-in-Chief of the Global Travel News media network; his responsibilities include business development and planning for Global Travel News’ long-term opportunities.
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