Written by
Mia Kun
in
Revenue Management Software
Looking to maximize your hotel's revenue in 2025? Our comprehensive guide compares the top revenue management systems (RMS) to help you make an informed decision. Based on extensive testing and real user feedback, we've analyzed the best RMS solutions for hotels of all sizes.
In this guide, you'll discover:
Whether you're new to revenue management or looking to upgrade your existing system, this guide will help you find the perfect RMS for your property.
RoomPriceGenie is the easiest way to ensure that your rooms are priced right, every night.
Purpose-built for the independent hotelier, RoomPriceGenie is fast to implement, intuitive to use and simple to understand. In an uncertain world, it's revenue that you can count on.
Cloudbeds is the leading platform redefining the concept of PMS for the hospitality industry, serving tens of thousands of properties in more than 150 countries worldwide.
Built from the ground up to be masterfully unified and scalable, the award-winning Cloudbeds Platform brings together built-in and integrated solutions that modernize hotel operations, distribution, guest experience, and data & analytics.
Founded in 2012, Cloudbeds has been named a top PMS, Hotel Management System and Channel Manager (2021-2024) by Hotel Tech Report, World's Best Hotel PMS Solutions Provider (2022) by World Travel Awards, and recognized in Deloitte's Technology Fast 500 in 2023.
Unlock the power of AI for enhanced revenue management through next-level decision intelligence and business insights. Empower real-time optimal commercial decisions for hospitality operators.
FLYR for Hospitality, formerly Pace Revenue, is transforming hospitality revenue management with a cutting-edge revenue strategy platform, that puts the power of machine learning and the latest data science directly into the hands of hospitality revenue managers.
Our Industry-leading AI-driven decision intelligence and business intelligence suite, is driving the next level of revenue management, empowering hospitality operators to make optimal commercial decisions in real-time. Let's move revenue management forward.
Pricepoint is disrupting legacy hotel technology, by providing automated updates and pricing recommendations directly to OTAs with user notifications via our web or mobile app.
Pricepoint experienced team of revenue managers and data scientists work around the clock in real-time to forecast your demand and find your optimal rates, using advanced data science and machine- learning to keep your hotel competitive and boost hotel revenues by up to 25%!
Rate Yield RMS is an automated revenue management system that uses the power of AI combined with your knowledge of your market to grow revenue with confidence, automatically!
Rate Yield was created in 2019 by seasoned Revenue Management consultants with over 30 years of experience within the field. Rate Yield RMS was designed to adapt to small hotels, inns, resorts as well as large hotels in city centers. With settings and thresholds that can be modified against a hotel's unique market trends, Rate Yield makes it more accessible than ever to implement AI in revenue management strategies. With real-time insights, agile strategy development, modules for budgets and forecasts, as well as a tool for displacement analyses, Rate Yield provides a complete software that will help your hotel to yield more revenue, period!
Find, book, and grow with Cendyn: We make every guest interaction an opportunity to nurture relationships and maximize profitability.
Cendyn is a global hospitality cloud-based technology company that enables hotels to drive revenue, maximize profitability, and create deeper connections with guests through its integrated solutions.
Serving hoteliers for nearly 30 years, Cendyn drives commercial success for hotels through its Find, Book, Grow promise: find the right guests; drive them to book direct, and grow loyalty and revenue across the spectrum of digital guest interactions.
Cendyn has over 35,000 customers worldwide in more than 150 countries generating more than $20 billion in annual hotel revenue. The company supports its growing customer base from locations across the globe, including the United States, France, the United Kingdom, Singapore, Bangkok, and India.
To find out more, visit cendyn.com.
N2Pricing™ gives hotels a simple yet powerful pricing app to recover faster and win market-share. With enterprise-level analytics, a budget-friendly price tag, and time-saving innovations like near-total automation, multi-property management made easy, and full mobility, N2Pricing™ is designed to be loved by hotels needing to do more with less.
The easiest-to-use, all-in-one cloud Revenue Management System for hotels, hostels and holiday parcs. RevControl offers all the features you need to reach your business' full revenue potential! Say goodbye to your boring old spreadsheets, and say hello to your stunning new dashboard.
RevControl, the Dutch cloud-based revenue management system, has been specially developed by hospitality experts to make your revenue management easy. It calculates recommended room rates based on the history, forecast, competitors and chosen pricing strategy. In addition, its clear reports and graphs give you quick insights in how your business is evolving. RevControl is designed to assist you as a hotelier in your daily tasks. We have many great features and we regularly update the system with new and improved features based on user feedback.
Please consult our website for more comprehensive information and the possibility to book a demo.
MyForecast is a Revenue Management System (RMS) that allows you to obtain accommodation facility data in an organized and precise manner for the management of successful pricing strategies.
MyForecast RMS uses the information acquired by the PMS automatically and identifies potential business opportunities. It carries out a complete analysis of the data, and supports revenue managers in choosing prices and in their operational management thanks to the automatisms of the algorithms, increasing the revenues of independent hotels, hotel groups and campsites.
Chosen by hundreds of structures and hotel consultancy companies, MyForecast RMS allows for a detailed analysis of data, both at structure and room level: a complete, immediate and, above all, intuitive tool.
IDeaS, a SAS company, is the world's leading provider of revenue management software and services. With over 30 years of expertise, IDeaS delivers revenue science to more than 13,000 clients in 140 countries. Combining industry knowledge with innovative, data-analytics technology, IDeaS creates sophisticated yet simple ways to empower revenue leaders with precise, automated decisions they can trust.
IDeaS is not a recommendation System but a decision System, influenced by demand, competitors, volatility & uncertainty of market segments: it doesn't need human interaction to make a decision. It is the only RMS solution on the market able to make intelligent Minimum Length Of Stay Restrictions updates, depending on forecasted demand and customer behavior. It is also the only system allowing you to overbook by automatically estimating how many no-shows or last minute cancellations will occur and adjust availability accordingly.
Contrary to what it might look like, IDeaS caters to every type of hotels, from big chains to smaller boutique hotels. IDeaS RMS (G2) only consider internal hotel data to take pricing decisions, while the more modern G3 also relies on market data to build segmented insights. Several addons modules are available, such as the 'Group Evaluation' module for group pricing recommendation accounting for ancillaries revenue streams.
You need proper training to manage IDeaS G3, but it is extremely well design and organized: important alerts are displayed in the Information Manager dashboard, while the At A Glance page offers color coded KPI insights in an easy to digest way. Finally, the Business Analysis module allows seasoned revenue managers to drill down into the data that matters: pace, lead time, booking sources, market segments, etc in order to understand customer behaviour.
Duetto Revenue Management System enables hoteliers to leverage big data from the hospitality industry in order to gather actionable insights and power real time personalization of their revenue strategy.
Powered by Open Pricing, flexible automation, and demand-based forecasting, the Duetto RMS Platform empowers revenue teams to deploy and scale profitable strategies while driving incremental customer value through real-time data integrations and alignment across all departments.
Duetto intelligent reporting solutions empower revenue managers to outperform their respective revpar index with innovations like open pricing.
Atomize was acquired by Mews company in November 2024.
Atomize is a lean Revenue Management Software designed for hoteliers who want to do more with less. Based on the latest innovation in price automation, Atomize transforms market data into revenue by delivering optimal prices in real time, 365 days into the future.
With Atomize you go beyond manual and rule-based revenue management tactics and benefit from true artificial price intelligence. Through real-time price optimization, Atomize makes sure you benefit even from the smallest changes in the market to attract more bookings at optimal rates.
Lybra (part of the Zucchetti Group) is a real-time, machine learning, demand-centric Assistant RMS.
Lybra is a sophisticated, flexible, module-based machine learning revenue management system, which will simplify and automate your property's daily revenue management operations to boost occupancy, ADR and RevPAR.
Lybra's Assistant RMS uses machine learning to effectively analyze all available Big Data – prioritizing market and competition data, instead of historical – to more accurately determine a property's demand and offer price suggestions that will help hotels get more bookings and increase revenue.
Use Big Data to Determine the Right Room Rate in Real-Time Lybra's Assistant RMS has the ability to analyze data exponentially more quickly than a traditional RMS, making it possible to review forecasting data in real-time – a feat that humans can never hope to accomplish.
Even though other RMS companies advertise that their solution calculates room rates in real-time, in actuality, they don't have the ability to collect and analyze data, and offer pricing suggestions, based on REAL market conditions.
Lybra's Assistant is the only RMS that uses machine learning technology that is advanced enough to process Big Data in real-time, as the market changes, for all types and sizes of hotels.
happyhotel is a cloud-based hotel software specially designed for small and medium-sized hotels but it can be used by all hotel sizes. Hoteliers can achieve more revenue without a great deal of prior knowledge. The hotelier gets past, current and future values of RevPar, Occupancy, ADR and Revenue.
Through the booking pace graph and on the books evaluation the hotelier can react to the current market conditions. Furthermore, the hotelier can review the important reports every day and get an alert if the values do not correspond with the budget.
happyhotel uses a special formula and an algorithm that gives the hotelier the best price recommendation for his hotel or each of the hotel segments and room types. With an interface to the hotel PMS happyhotel gets all data to analyze the hotel. happyhotel facilitates the hotelier's life through automatic processes so that he can concentrate on other things.
After you have tested the demo for free, happyhotel support team will set up an account with your hotel data and establish the connections to PMS and Channel Manager.
Lighthouse (Formerly OTA Insight) is a software solution designed to provide hospitality professionals with market insights, business intelligence, and pricing tools.
Lighthouse offers clear and actionable insights derived from real-time data. By analyzing historical, current, and future-looking datasets, it provides accurate information on market demand and competitor activities. This helps in making informed decisions that drive business growth.
The platform's business intelligence features allow users to benchmark against competitors and optimize their distribution strategies. It supports tracking market conditions and creating intelligent destination campaigns. These capabilities streamline hotel management and help identify new revenue opportunities.
Lighthouse includes user-friendly dashboards that make it easy to identify and act on opportunities quickly. Its automated pricing tools set competitive room prices by analyzing market demand and competitor rates, which saves time and enhances revenue management strategies.
Revolutionizing the hospitality industry in India with the first-ever end-to-end single sign-on Revenue and Yield Automation Solution.
Our cutting-edge technology harnesses the power of AI/ML to collect and analyze market data, evaluate market demand, determine profitable rates, determine yieldable inventory, and distribute it in real time to the hotel supply chain.
With our platform, hotel owners and managers can maximize their profitability while keeping costs low, making it an affordable solution for businesses of all sizes.
We're passionate about delivering value to our customers and empowering them with the tools they need to succeed in a competitive industry.
Join us in the hospitality revolution and see the difference that SYSOTEL.AI
can make for your business.
RateBoard (part of the Zucchetti Group) is a powerful and yet very easy to use Revenue Management Software.
The stable algorithm suggests the ideal price for the next 365 days. It enables hoteliers to increase revenue up to 20 % and reduce costs of empty rooms by optimizing the occupancy rate.
Analysis tools and smart individual notifications save a lot of time spent on manual data collection and thereby simplifies internal processes.
Rate optimization: intelligent algorithm which identifies booking peaks and lows early and suggests the optimal price.
Rate shopping of the competitors: market demand and rates of selected competitors
Data and distribution analysis: deeper insight into your sales to meet the guests' needs
Support and Interface languages: English, German, Italian
A dynamic pricing tool to automatically optimize your Airbnb pricing and helps increase your average daily rate and occupancy.
The property manager's dream is to be in the sun while his properties make money, but we all know what the reality is… After solving a thousand incidents with clients, check-in, keys, cleaning, etc., the last thing you want is to be managing prices and calendars.
Turbosuite is the solution to all your problems. Our booking booster takes care of everything and on top of that, it offers you technical support. You will have access to your assistant by phone or WhatsApp, no waiting, no unanswered emails.
Dynamic pricing through hyper-local analytics to maximize revenue growth for vacation rental owners and managers.
Price Optimizer by YieldPlanet, a Channel manager with a revenue management system saves you time, increases profits, and simplifies hotel management.
Simple but amazingly efficient and fully automated solution. The Holy Grail for small to medium sized hotels! Usable with little professional experience.
Wrong pricing decisions can cost you thousands. RatePing helps Hotels and Vacation Rentals stay alert and ensures that you make the smartest pricing.
Climber's polished hotel analytics and smart pricing software empowers revenue managers with the information they need to make confident decisions.
Maximize sales and profitability with Revenue Management software that helps you find the best market rate in real time.
A Revnomix company — Revseed is a Strategy Management System which helps in hotel revenue management services and data analytics. It is one of the leading in providing hotel revenue management strategies that emphasizes volume, rate, market-linked, availability strategy with Artificial intelligence (AI), & Machine learning (ML) and Algorithms.
Roomer is the new, soon to be released version of the famous RevParGuru Yield Management System.
Intuitive, feature-rich, affordable revenue optimization software · Maximojo Mantras · We're on a mission to help hotels increase revenues.
revbell is a cutting-edge revenue management system (RMS) that combines artificial intelligence and expert revenue management knowledge to help hospitality businesses maximize their revenue.
Some key things about revbell:
• It empowers revenue teams to make highly profitable decisions in real-time through a perfect combination of AI technology and specialized revenue management expertise.
• The platform offers comprehensive features like forecasting, analyzing trends, automated alerts and recommendations, rate optimization, restriction management, and more. This saves time and helps boost revenue efficiently.
• revbell employs its own AI called "Nancie" which provides clear, actionable revenue optimization recommendations that are easy for analysts to understand and implement with confidence.
• The system allows for extensive customization of dashboards, KPIs, and views for different teams. This ensures seamless integration into existing business operations.
• Real-time alerts keep the whole revenue team aligned on priorities to maximize results.
• revbell is cloud-based and interfaces with multiple property management systems to enable use across numerous properties.
• The interface is highly user-friendly and available in English, French and Spanish.
Revdash is an interactive analytics dashboard showing all the right information to help you make the best pricing decisions - and a fully automated solution if connected to your PMS.
xcelerates is the new-generation Hotel Revenue Management System that is extremely intelligent but simple to use. It sells your rooms at optimal price every day of the year, automates your daily routine tasks, including channel distribution, provides all necessary information for your strategic analysis and increases your bottom line. It is adaptable and fully flexible.
The core of xcelerates is innovative state-of-the-art algorithm based on the mathematic theory of reinforcement learning. It has been applied successfully to various problems but is unprecedented in the Hospitality Industry. Its central algorithm is based on maximizing the final yield when taking into account all revenue-generating departments.
Hi, I am IVI. A Virtual Revenue Management Assistant that helps you make better decisions faster.
Smartpricing automatically analyzes the data of your accommodation and of the market and suggests the best price.
Right Revenue provides a revenue management software solution, designed speciifcally for independent hotels.
EaseRoom, a brand of GI Hospitalities, is a leading one stop Hotel Distribution Management Software for all vendors comprising small to large hotels, hotel chains, OTAs and all other travel tour agencies.
RevApp is a SaaS tool which helps small and medium sized hoteliers with their pricing strategies, by offering them a dynamic pricing application.
Nous quittons le RMS analytique pour entrer dans le monde de notre RMS prédictif unique de nouvelle génération.
Our intuitive, AI-powered platform automates and provides a holistic view with actionable strategies. Digitalisation simplifies the complex, confidently capturing value at every point across the guest journey. Let us help you create a new layer of profitability management that takes everything into account.
Bookingmanager.com is the full service marketing partner for vacation rental owners to maximize the booking revenue and minimize the operational hassle. Powered by our cloud based channel manager software and hands on account management.
The graphical online hotel occupancy plan or room plan is the heart of the online hotel software (PMS, Property Management System). You can see at a glance which of your rooms, apartments or holiday apartments are occupied and which are still available.
Increase your revenue in any situation thanks to proRMS – a fully featured Revenue Management System. Get all crucial information in one place, optimize your prices and automate daily tasks. Enjoy ease of use as proRMS is intuitive and integrates with other hotel software.
We manage everything from hotel operations to revenue management, sales and marketing to technology and everything in between.
Rate Wise is a leading revenue management company providing cloud-based revenue management software and revenue management consultancy to hotels and serviced apartments across the globe.
Our RMS is trusted by many hotels across the globe, it integrates your revenue strategy, PMS data & competitor data and can send your rate strategy back out to your PMS or Channel Manager.
In addition to our software, some hotels opt for a Revenue Management Consultancy Service in which we help hotels implement a revenue strategy, focus on maximising their revenue potential, reducing costs, reviewing distribution, growing brand production and implementing best practices.
XOTELS is an International Hotel Management Company, specializing in independent, boutique and lifestyle hotels.
Hotel Perfect · Hotel Management Made Easy · Complete control, wherever you are · Revenue management has never been so easy · Proven Customer Success · Plans and .
Busy Rooms offers an adaptable, brandable, and scalable cloud-based Central Reservation System designed to be the control center for our Customers daily .
BookingPal offers an ultimate suite of distribution tools helping businesses in advertising, marketing & management of vacation rental .
SHR (an Access company) is the premier global specialist technology and service provider for the hotel sector, dedicated to ensuring its clients remain always ahead in a fast-paced and competitive market. SHR empowers hotels and casinos to increase revenue and customer lifetime value at every step of the guest journey by combining the immense potential of AI, with a dynamic product suite comprising integrated and automated products and services.
HotelPartner is a leading comprehensive revenue management system designed to optimize profitability and ensure sustainable growth for hotels.
Established in 2006, HotelPartner has been a trusted market leader in revenue management and distribution services for the hospitality industry. Their mission is to maximize room revenue and reduce costs for hotel partners through their unique TET-Synergy approach. This involves leveraging highly qualified teams, proven expertise, and advanced technology to deliver tailored strategies and solutions.
HotelPartner's cloud-based system, the HotelPartner Performance Platform (HPP), seamlessly integrates with existing hotel operations. It provides clear overviews of key performance indicators and ongoing optimizations. The platform is continuously refined by specialized developers to ensure access to the latest technologies and market advancements.
With a team of over 70 experts, HotelPartner acts as a dedicated revenue management extension for hotels. They actively manage distribution, pricing, and automation strategies to drive improved performance. The company focuses on delivering actionable insights and data-driven solutions to give hotel partners a competitive edge.
HotelPartner's implementation process is designed to make an immediate impact with minimal disruption. It involves pre-analysis, developing a custom revenue and distribution strategy, smooth technology integration, ongoing execution and optimization, and regular communication. With an average client partnership length of 8 years, HotelPartner has established a strong track record in helping hotels worldwide secure and grow profits.
TRS | Turkeyf Reservation Systems provides Complete Hotel Solutions and Online Reservation Systems for hotels and hotel chains.
For over 20 years, Barefoot Agent 4.0 system is the most innovative solution in the vacation rental industry. We provide our clients with the most reliable and capable trust accounting solution in the industry. Our focus is on helping our clients become a vacation experience provider, not just a vacation rental company by pushing the envelope on concierge and activity upsell.
GauVendi is an AI-driven, next-generation booking and revenue management system that enables hyper-personalized, attribute-based selling of hotel rooms and stays.
GauVendi completely transforms how hotels design, price, present, distribute and market stay experiences. By leveraging a dynamic room inventory model, GauVendi allows hotels to sell rooms based on individual attributes and features on their direct website. This enables a level of personalization not possible with traditional category-based booking systems.
The platform incorporates automated intelligent room assignments and dynamic pricing optimization to drive higher occupancy and revenue. On average, GauVendi clients see results like 20% higher revenues, 70% automation of reservation processes, and a 30% increase in Net Promoter Score.
GauVendi is designed to seamlessly integrate with a hotel's existing tech stack and operations to enhance efficiency and profitability. It offers five independent subscription models:
Sales Engine: Next-gen IBE with attribute-based selling
Inventi-Flow: AI-driven dynamic inventory management and room assignment
Sales Optimizer: Automated length of stay management to prevent overbooking
Flexi-Channel: Tailored product sales targeted through specific channels
Revenue Engine: Predictive pricing based on room features
With GauVendi, every guest can book a stay experience uniquely matched to their needs and preferences. Hotels are empowered to sell in a completely differentiated way to stand out in a competitive market.
Seekom provides cloud solutions for online bookings, sales channel management, and property management system.
MyHotelLine is a comprehensive cloud-based hotel management software solution designed to streamline operations and enhance guest experiences across all aspects of hotel management. The integrated platform provides a single login to manage reservations, front desk operations, housekeeping, inventory, accounting, point-of-sale, and more.
MyHotelLine offers a suite of powerful tools to improve team productivity, prevent errors, and increase hotel revenue. Key modules include a Property Management System (PMS) to efficiently handle reservations, check-ins, billing and guest services; a Direct Booking Engine to centralize reservations and manage bookings from various accommodation types; a Channel Manager to control inventory, rates and OTA connections; a Revenue Management system to maximize ADR and RevPAR; and a Mobile App for contactless services and guest interactions.
The software is suitable for a wide range of properties, including hotels, resorts, motels, hostels, B&Bs, and vacation rentals. It is designed to be user-friendly, with an intuitive interface and dashboards for each module.
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Expert MatchThe reviews presented below are carefully curated by the HotelMinder expert team, leveraging our extensive expertise and deep understanding of the industry. We've selected the three most popular solutions among our clients, utilizing our in-depth knowledge and extensive hands-on experience with these products. Each review is backed by thorough analysis and reflection of feedback from existing customers, ensuring you receive well-rounded, authoritative insights.
Cloudbeds’ Pricing Intelligence Engine (PIE) offers dynamic pricing through its Pricing Intelligence Engine (PIE), integrating real-time market data with automated pricing alerts. Its seamless integration with Cloudbeds' broader suite makes it a versatile choice for hoteliers seeking comprehensive, all-in-one solutions.
PIE’s customizable rules and alerts system allows properties to automate pricing adjustments based on parameters like competitor rates and occupancy levels. This automation ensures that pricing remains competitive and responsive to market conditions.
PIE’s robust reporting tools provide clear, actionable insights, enabling hotel managers to make automated, data-driven decisions with confidence. Compset-based alerts keep properties reactive to market changes, further enhancing their pricing strategy.
Cloudbeds Pricing Intelligence Engine (PIE) offers a flexible pricing structure based on property size and required functionalities. Specific pricing details are provided upon request following a personalized demo.
For more verified reviews from users of Cloudbeds, click here.
FLYR for Hospitality stands out due to its ability to manage complex pricing strategies and market fluctuations with precision and speed.
FLYR leverages advanced AI to provide real-time decision intelligence, transforming how revenue managers operate.
FLYR AI-driven platform allows for granular, tailored pricing strategies that can adapt instantly to market changes. The user-friendly interface and robust analytics tools make it a powerful asset for any revenue manager looking to optimize performance and drive revenue growth without extensive manual intervention.
Pricing for FLYR is on the higher end of the scale, reflective of its advanced features and comprehensive capabilities.
For more verified reviews from users of FLYR, click here.
Get started with FLYR
Tailored specifically for independent hoteliers, RoomPriceGenie is quick to implement and easy to use. Its intuitive interface allows hoteliers to manage pricing strategies seamlessly, making it a perfect tool in unpredictable market conditions.
RoomPriceGenie’s ability to provide 12 to 18 months of future price recommendations and real-time pricing calculations across all plans ensures hoteliers can stay ahead in a competitive market. The platform is intuituive yet very flexible, a valuable asset for busy hoteliers looking to optimizing revenue without hassle.
RoomPrice Genie really stands out for its simplicity and reliability, ensuring your rooms are priced right every night.
RoomPriceGenie offers tiered pricing based on property size, with options for annual or monthly payments starting at: €119 per month.
For more verified reviews from users of RoomPriceGenie, click here.
14-day free trial with no commitment and 50% discount on the first 2 months
A Revenue Management System or RMS is a software solution that helps you conduct revenue management tasks more efficiently and effectively. It takes data from your hotel and the market (specific competitors or at large) to help you make the most informed decisions that will benefit your property.
Ideally, a well-functioning Revenue Management System uses data and various algorithms to conduct real-time analysis of the demand within the market and determines the best rates at which to sell rooms. As a result, important revenue management decisions can all be carried out from one centralized dashboard.
Revenue Management Systems (RMS) are essential tools for hotels of all sizes, enabling them to stay competitive and maximize profits. It’s due to the system’s ability to conduct complex calculations quickly and offer real-time tracking of the market. This is something that would be impossible to replicate manually.
An RMS adjusts prices across various distribution channels and removes the hustle of having to log into all the accounts separately. As a result, key performance indicators, such as revenue per available room (RevPAR) can be improved, increasing the hotel’s top and bottom lines.
The use of an RMS is vital in smaller hotels because fewer rooms mean more requirements to maximize the revenue of each room. However, it is perhaps even more essential for larger hotels because the overwhelming manual revenue management workload leaves more room for error and poorer decision-making.
When evaluating RMS options, look for the following essential features:
The most crucial feature of a Revenue Management System is its ability to quickly and accurately calculate the ideal room rate using algorithms, while taking into consideration the hotel’s past performance, current market data and trends, as well as other important information. After a system decision is made, room rates can then be easily adjusted. This also changes across all distribution channels once the RMS is updated.
RMS software includes an integrated competitor rates feature, allowing one to easily check room rates for other hotels in the area or other hotels of a similar size. This can also be fully personalized to a hotel's needs. The functionality is crucial in decision-making, as when we have visibility of our competitors’ rates, we can adopt a more strategic approach to our pricing and make sound decisions.
A Revenue Management System stores and provides key performance data, including occupancy rates, revenue per available room (RevPAR), and average daily rates (ADR). Users can see past performance from last month, as well as last year.
Finally, aside from presenting past data and supporting you in making important rate decisions, an RMS will also provide you with forecasted or estimated revenue based on key contributing factors and the current pricing strategy. It will also provide updates if any alterations are made to the strategy.
RMS integrates with the PMS, CRS, CRM, and booking engine with a reliable, two-way connection, so that the systems can share the right data. Choose one that offers accurate forecasting, claims to improve revenue, and helps anticipate demand so hoteliers can change the prices accordingly.
The RMS that you select must be able to have flexible pricing options. This means it should be able to price by room types and channels independently of each other rather than being fixed.
A multi-tenant cloud architecture within the RMS should allow the system to have seamless integration and data sharing. It should also allow developers of the system to conduct real-time updates, instead of having to re-install newer models.
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RMS can build, export, and share your most important reports. Therefore, you should look for one that is time-efficient and lets you export and share any report with anyone.
A good RMS presents the data in various visuals – such as tables, graphs, and line charts. Different visuals are helpful to different people and every new view allows a fresh look into the data. You should look for an RMS that comes with this functionality.
When you’re searching for an RMS, think of investing in one that provides complete automation. With the push of a button, all prices should go live and get seamlessly interconnected with your Property management System (PMS), hence all your channels are updated immediately.
A groups module helps team members find the right rate for the groups based on historical data and cost. A good RMS manages the group expectations, such as wash percentage and any updates needed, while seamlessly integrating with the PMS.
Before selecting an RMS, ensure it aligns with your hotel’s size, operational demands, and budget. Key considerations include:
The first thing that you need to ensure when selecting revenue management solutions is that they seamlessly integrate with your hotel's existing tech stack, such as your Property Management System and your Channel Manager.
Next up in the requirements section is the usability of the software. If the RMS you select isn't user-friendly and intuitive, you may have trouble understanding it. This may lead to you not using it as efficiently as required and prevent it from becoming a valuable asset in your daily operations.
Apart from usability, look for hotel revenue management solutions that offer transparent, upfront costs. Also, consider factors such as additional user and integration costs.
Additional features you need to look for in a Hotel RMS are data requirements for accurate predictions, functions to update the rates automatically, and individual channel management for dynamic rate strategies.
Last but not least, you should opt for a hotel revenue management software that comes with exceptional customer support. Quick TAT can help with seamless adaptation and fast resolution of any problems you encounter.
Here are some considerations that you will have to account for when integrating a revenue management system for your hotel:
Training is essential for both beginners and experienced revenue managers. Therefore, you should note that staff training would be required so that they can forecast future demand accurately, implement dynamic pricing structures, and segment the market. In case you opt for an RMS that does it all by itself, you will only need to automate different processes.
Data integration involves monitoring the pricing of competitors, managing different distribution channels, and maintaining rate parity among all channels. Continuous monitoring and adjustment will be necessary for effective revenue management. Please read best practices for data integration in revenue management for more information.
A Revenue Management System (RMS) is a software solution that helps hotels forecast demand, optimize pricing strategies, and make data-driven decisions to maximize revenue. It’s essential for automating tasks, improving key performance indicators (KPIs) like occupancy rates and RevPAR, and staying competitive in a dynamic hospitality market.
An RMS uses advanced algorithms and real-time data to optimize pricing, predict demand, and manage distribution channels. By automating these processes, hotels can:
The top RMS systems were selected based on:
When choosing an RMS, look for the following features:
Yes, many RMS providers cater specifically to small hotels and independent properties. Solutions like RoomPriceGenie and happyhotel are designed to be affordable, easy to implement, and tailored for smaller-scale operations. These platforms often include simplified interfaces and flexible pricing plans to meet the needs of boutique hotels.
Yes, most modern RMS solutions offer robust, cloud-based integrations with essential hotel management systems, including:
RMS pricing varies based on property size, features, and subscription model. Most providers offer flexible pricing plans, such as:
For example, RoomPriceGenie starts at €119 per month, while enterprise solutions like FLYR may require custom quotes.
AI and machine learning are transforming RMS by enabling:
Yes, RMS solutions are designed to address distribution and rate parity issues by:
When implementing an RMS, consider the following:
An RMS indirectly enhances a hotel’s online presence by:
Yes, many modern RMS platforms include a Groups Module, which helps revenue managers:
While both systems are essential for hotel operations, they serve different purposes:
Mia Kun, originally from Hungary, Budapest, has been living in London UK while pursuing her interests in travelling and experiencing other cultures.
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