How Does Hotel Management Software Work?

If you want to utilize hotel revenue management software, you’ve landed at the right place. But there is a lot to do in regards before you make a final purchase decision.




Hotel revenue management tools: What do they cost? 
Price will obviously vary depending on the type of tool you’re looking at for hotel rate management. In the case of tools depending on market intelligence and rate shopping, the price will be very reasonable. Research over the internet for providers who can offer you a flexible pricing model. You can always move to a contract later if they offer you a discounted price and you are content with the service. Commonly the charge you pay each month is determined by the size of your property. The more rooms your property has the higher your fee will be.
Before you invest, ensure your tool is designed with these features:
All-day visibility of local supply and demand
Compare room rates with competitors in one view
Real-time alerts
Unlimited rate shopping
Know local market pricing up to one year in advance
Exportable reports
Rate strategy rule creation
Are you familiar with Pricepoint? It is a revenue management software designed for independent hotels and is run by an AI-based RMS (price optimizer). This hotel rate management software helps independent hoteliers automate price management on OTAs such as Booking.com and Airbnb.
AI-driven revenue management systems can automatically manage prices on OTAs. This keeps hotels competitive by increasing hotel revenues by up to 25%!


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