The Ultimate Guide to Revenue Management Systems 2022
This guide entails all the things you should consider and evaluate before you invest in an RMS.
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Revenue management software automates the process of using analytics to determine the right price for hotel rooms to maximize revenue and profitability. The primary goal is to sell the right product to the right customer at the right time for the right price on the right channel.
Revenue management software ingests historical and market data, combines this with forward-looking demand signals and recommends a rate for each segment and room type at your hotel, specific for each channel on which you are selling. Recently, modern software has moved from on-premise to cloud-based applications that are delivered as Software-as-a-Service, meaning multiple users can login to the applications from anywhere they have an Internet connection.
“The hotel industry has been disproportionately impacted by the current pandemic and hotels everywhere have been forced to do more with less. The hospitality industry as a whole has been incredibly resilient over the past 12-18 months with some hotel groups using this period as an opportunity to accelerate digital transformation initiatives at an unprecedented pace.”
“This Revenue Management Software guide is designed to give buyers exactly the information they need to make an educated decision as they rethink the way they use technology in their departments,” says Hotel Tech Report CEO Jordan Hollander.
What’s Inside the guide?
- Cutting edge trends
- Business impact
- Top rated providers & side-by-side comparisons
- Top questions smart buyers ask vendors
- Key integrations to drive efficiency
- Pricing models and budget insights
- Implementation process and timeline
- Selected success stories, use cases and articles
SUBMIT THE FORM TO DOWNLOAD THE REVENUE MANAGEMENT SYSTEM BUYER’S GUIDE 2022