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REVENUE MANAGEMENT SOFTWARE GUIDE

In this Revenue Management Software Guide, we will dig deeper into hotel revenue management and how today’s technology can help you increase your hotel’s performance. This guide tells you everything worth knowing before investing in a Revenue Management Software. 

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Hotel Revenue Management

What is Hotel Revenue Management?

In the hospitality industry, Hotel Revenue management is an important concept, allowing hotel owners to anticipate demand and optimize availability and pricing, in order to achieve the best possible bottom-line results.

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Revenue Management Software

What is a Revenue Management Software?

A Revenue Management Software automates the process of setting the right prices for hotel rooms to maximize revenue and occupancy. The new way of doing Revenue Management is to let a software prepare your decisions by analyzing data for you. 

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Trends

What are the main Revenue Management trends in 2020?

Todays markets are very unpredicted and without relevant precedent data, forecasting is almost impossible. We will experience a growing demand for automation and increased efficiency through supportive software. 

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What are the benefits of using a Revenue Management Software?

A Revenue Management Software will make sure to sell your rooms at the most optimal rate and maximize your revenue. You will save a lot of time by using an automated system, doing the analyzing and price setting for you 24/7.

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features

What are the Revenue Management features and functionalities I should look for?

A modern Revenue Management System should be able to support automated price recommendations, competitor intelligence data, price group bookings and provide reporting capabilities among others.

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Dynamic Pricing

What is dynamic pricing and why is it important?

In hotels the basics of dynamic pricing is quite simple: different hotel room types should be priced dynamically based on supply and demand. 

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Real-time pricing with Atomize RMS

What is real-time price optimization?

By automatically retrieving and analyzing internal and external data, Atomize’s RMS updates a hotel’s room rates in real-time to take advantage of even the slightest changes in the market or your internal (PMS) data to maximize a property’s revenue.

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Competitor monitoring with Atomize RMS

What is comp set data and why is it important?

Keeping an eye on your competition and understanding their strategies and performance can help you get ahead of them. Comp set data is essential to consider in your revenue management tactics for several reasons.

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Group Pricing with Atomize RMS

What is group booking pricing?

A simpler and more efficient approach to pricing group booking requests. Group bookings play a large role for many hotels, whether your property focuses on events and conventions or attracts leisure travel groups.

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Pricing Algoritm

How does the pricing algorithm work?

The Atomize pricing algorithm responds based on demand forecasts, pickups vs expected, competitor price drops, the hotel’s occupancy and cancellations pace versus expected and continue to work on finding the optimal price.

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Measure hotel success

How do I measure hotel success?

Learn how to measure your hotel's success in the best way and what you should think about when measuring RevPAR.

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Property Management System

What is a property management system?

A property management system (PMS) is a software platform for managing hotel business operations in front-office capabilities, such as booking reservations, guest check-in/check-out, room assignment, managing room rates, and payments. 

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Revenue Management System Atomize Customer

“Atomize has proven themselves to be able to output price recommendations that we highly trust. ”

We are very impressed with what Atomize offers in terms of technical competence, agility, responsiveness, and overall delivery.

Johan Forsberg, Revenue Director, Gothia Towers

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