Boosting Booking Conversions and Streamlining Operations
In a significant move for the hospitality industry, ROH, a forward-thinking revenue management platform, has partnered with Loews Miami Beach Hotel. This collaboration is set to transform booking conversions and enhance visibility across different departments. The focus is on tackling operational inefficiencies, especially since traditional systems often struggle to meet contemporary demands.
Recognizing the Need for Change
The hospitality sector has depended on long-standing legacy systems. While these systems have served a purpose, they present challenges as market conditions shift. Jess Conroy, the CEO and Founder of ROH, points out that these outdated systems often lead sales and finance teams to rely on manual processes to fill in the operational gaps. Without suitable tools in place, these teams end up dealing with inefficient and expensive payment management practices that can hurt profitability.
Loews Miami Beach Hotel: An Exceptional Venue
Loews Miami Beach Hotel is a premier venue, celebrated for its beautiful oceanfront location and extensive facilities. Boasting 65,000 square feet of versatile indoor and outdoor meeting spaces, this iconic hotel caters to a range of events from small gatherings to large conferences. With the increasing demand for such spaces, having effective tools to manage bookings, contracts, and invoicing is more important than ever.
How ROH Enhances Hospitality Operations
By integrating ROH's platform, Loews Miami Beach Hotel is set to improve its operational processes within sales and finance teams. This shift includes pivotal functions such as:
- The ability to quickly send and finalize contracted bookings through a custom-branded digital interface, complete with contract specifics and payment approvals.
- Improved visibility throughout the payment process, enabling sales teams to work smoothly with the credit coordination team.
- Real-time management tools that help track bookings, simplify invoicing, and tackle issues related to overdue accounts receivable.
Crafting Outstanding Meeting Experiences
With its stunning ocean views and top-notch amenities, Loews Miami Beach Hotel is a prime location for meetings and events. Each event is meticulously designed to guarantee a remarkable experience, backed by skilled staff and cutting-edge facilities.
About ROH
ROH is a groundbreaking platform in the hospitality field, focusing specifically on payments and revenue management to boost profitability for hotels. It equips sales and finance teams with real-time insights, helping drive conversions and streamline operations.
ROH has built vital connections with esteemed hospitality brands, managing over $4 trillion in Gross Payment Volume. Partnerships with notable names like Loews Hotels & Resorts and Marriott International demonstrate ROH's dedication to raising industry standards.
Investors Supporting Innovation
ROH’s inventive methodology and swift growth have attracted the backing of well-regarded investors like Acrew Capital and Founders Fund, who see the potential of this platform to optimize operations and enhance profitability within the hospitality realm.
Frequently Asked Questions
What is ROH?
ROH is the first revenue management platform created specifically for the hospitality industry, focusing on payments and improving operational efficiency.
How will ROH benefit Loews Miami Beach Hotel?
ROH aims to enhance booking conversions, provide better visibility during payment processes, and cut down on overdue accounts, ultimately boosting profitability.
What makes Loews Miami Beach Hotel a unique venue?
Its stunning oceanfront setting, extensive meeting spaces, and dedication to offering unforgettable guest experiences distinguish it in the hospitality sector.
Who are ROH’s key stakeholders?
ROH partners with influential hospitality brands and is supported by prominent investors, highlighting its significant role in the industry.
Why are legacy systems insufficient for today’s hospitality needs?
Legacy systems often fall short when it comes to meeting current operational requirements, resulting in inefficiencies that companies like ROH aim to address with innovative technology.
