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 […]

Forecasting is the lifeboat to your entire hotel revenue management strategy. The hotel managers will have the advantage to make ideal decisions on pricing, distribution, and promotion. Hotel revenue forecasting will help you state the demand and performance in different areas of your operations.  Hence, you can proceed with amendments and set the profit expectations […]

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 […]

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 […]

Selling more rooms to increase occupancy and revenue is the ultimate aim of every hotelier irrespective of size, star category, offerings, and locations. And this becomes possible when you have an efficient online distribution system in place. In this context, we will today explain the two most essential pieces of hospitality technology solutions – Hotel […]

In the past few months we have launched whole lot of new and exciting features for AxisRooms Revenue Management System & AxisRooms Rate Shopper, which will help hoteliers in managing their properties with ease and get more out of it. Revenue Management System- Events View top events View top events near you with the events […]

What is dynamic pricing. Do you need it? Just look at the airline industry. Have you ever tried booking domestic or international tickets? Especially if you visit Google Flights web page, it shows you all the best rates. Google Flights is exactly like Trivago is to hotels. You will find different prices for the same […]

In the hospitality industry, performance and revenue targets are achieved only when your resources are effectively put to use. What are these resources? Beginning with your inventory, room pricing, your staff etc. all constitutes to a property’s resources. If you are a part of this ever growing hospitality industry, then we only got to look […]

Hotel Revenue Management is very difficult and detailed process, but there are some key steps to building a revenue management program in a property for the first time and keep it following the best practices to optimize performance. The main basic concept: every single hotel room is perishable and has a shelf life of one […]