hotel revenue management system
A powerful yet simple hotel revenue management system designed for intelligent dynamic pricing
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Built for Smart Revenue Decisions
HotelRank’s Revenue Management System is designed to help hotels sell the right room, at the right price, at the right time.
Core Features
• Dynamic pricing rules • Occupancy-based rate automation • Seasonal pricing control • Last-minute pricing optimization • Rate parity enforcement
Advanced Capabilities
• Demand forecasting • Competitor price monitoring • Performance analytics dashboard • Custom pricing strategies
Why is revenue management important for hotels?
Hotels without revenue management systems rely on guesswork. HotelRank replaces guesswork with data-driven decisions.
Revenue management is one of the important functions of any hotel and it can be the difference between success and failure. Hotel rooms are perishable inventory, which means if they are not consumed they are lost forever.
Hence, It is extremely important for hotels to choose the perfect revenue management software that can assist them the right price to ensure that they are neither underselling their rooms, nor overcharging for them to compromise on their occupancy. Finding the right balance between occupancy & ADR is the key challenge of hotel revenue management.
What are the guiding principles and key secrets to revenue management for hotels?
Revenue management is one of the important functions of any hotel and it can be the difference between success and failure. Hotel rooms are perishable inventory, which means if they are not consumed they are lost forever.
Hence, It is extremely important for hotels to choose the perfect revenue management software that can assist them the right price to ensure that they are neither underselling their rooms, nor overcharging for them to compromise on their occupancy. Finding the right balance between occupancy & ADR is the key challenge of hotel revenue management.
FAQ
Revenue Management
No. Small hotels benefit the most.
Yes. Manual control is always available.
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