Revenue Management System (RMS) (Rooms)
A Revenue Management System (RMS) is essential in the hotel industry to maximize revenue and efficiency. Using analytics and algorithms, it optimizes pricing, availability, and market strategies. It evaluates historical and real-time data, forecasts demand, and segments the market, informing strategic recommendations. This achieves optimal pricing and room allocation, considering previous occupancy, trends, events, and competition. This system benefits the hotel by offering competitive pricing and effective strategies. It optimizes revenue by adjusting prices based on demand and market segments. With a data-driven approach, it improves decision-making and pricing accuracy, tailoring offerings to the preferences of different guests.
Product Features
RMS -
Continuous forecasting by segment, room category, rate code, room type, and average stay.
Continuous automated pricing decisions by room type and market segment—dynamic, unlimited, and independent.
Automated overbooking restrictions and control by room category, monitored and controlled by the user.
Group displacement calculation tool,
Scenario simulator,
Alert system,
Calculation of group displacement,
BI tool at portfolio level,
Event Optimization
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