If you are running a hotel business, proper financial analysis based on the rate of bookings and pricing strategies is important to help you maximize the earning potential of your business. And that is what is called a smart revenue management system in hotel business practices.  In technical terms, for the hotel business, revenue management […]

Today, revenue management, as a practice, has assumed a more prominent role in hotel operations. Driven by the desire to boost their hotels’ top line in the competitive market, hotels across categories are increasingly adopting cloud-based and AI-powered revenue management solutions. Today’s blog will look at various aspects of revenue management software. Most importantly, we […]

The hotel industry has bagged over $570 billion across the globe in the financial year 2020-2021. Hence, it proves that the diverse companies of this industry are generating ample supply for dealing with the heavy demands. And the revenue management tools in hotels act as a support system for them! Do you want to know […]

Are you looking for the best revenue management strategies to increase hotel revenue and grow your hotel in the industry? A strong revenue management strategy is crucial for hoteliers trying to expand their business since it helps to optimise operational efficiency.  However, several smaller strategies might help facilitate growth in the hospitality industry that falls […]

Hotel Revenue Management is a crucial operational concept that allows property owners like you and your revenue managers to anticipate demand and optimize availability and pricing to witness the best possible financial outcomes. It involves pricing the room right along with selling it to the right customer at the right time. But can you accomplish […]

The answer is – an unequivocal YES, as hotel revenue management is not an easy task therefore automation in revenue management is the need of the hour. Whether it is a small independent hotel, chain hotel, resort, or any hospitality property irrespective of star ratings and locations, revenue managers face many challenges while configuring and […]