New times call for new tools—download our latest guide to make the most confident, well-informed decision possible for the commercial success of your hotel.
Today’s global hotel industry faces its greatest challenge in modern history—and also its greatest opportunity for transformational change and exponential growth. It would seem 2020 dealt us all a losing hand, but there’s still a game to be won.
This new reality will force us all to do more with less. Reorganized and consolidated hotel organizations have made revenue management resources and time more valuable than ever. No longer are hotel revenue managers responsible for a single property, but many now oversee a cluster of a dozen or more hotels.
The human element is still vital, but hotels must now look to invest in key automated technologies to drive greater operational efficiencies. A machine-learning revenue solution that can implement tactical decisions and automatically distribute rates and inventory controls will free up talented revenue managers to better execute long-term commercial strategies.
When considering RMS solutions for your hotel, there are a number of complexities to keep in mind beyond merely selecting a software platform. Technology is just the tip of the iceberg when it comes to the business of running an effective revenue management operation. You need data you can trust and a partner you can count on to grow your business.
To survive—and thrive—hotels must now prepare to break down silos, think in radical new ways about guest value, and take bold, strategic action toward total profit optimization and commercial success.
The new edition of the Hotel Revenue Management Ultimate Buyer’s Guide is designed to help you:
- Prepare your business for RMS implementation
- Assess the level of training and support your hotel will require
- Determine the optimal system capabilities for your hotel type and user role
- Understand the RMS’s essential role in your connected technology ecosystem
- Formulate a business case for an RMS investment
- Evaluate and select a technology partner for scale
- Effectively measure the ongoing success of your RMS’s business impact
- Decide, with confidence, on the best revenue decision-making system for your hotel