Hotels have a very dynamic supply and demand cycle. To be able to gain maximum revenue from the limited room inventory, the decision to sell the right room at the right price becomes very important. Relying on spreadsheets and crunching data manually to derive on the pricing decision is both error-prone and inefficient. Automated revenue management tools provide the means for faster, accurate and efficient revenue data processing.
How does Hotelogix PMS help?
Hotelogix offers an integrated revenue management system that gives the advantage of having all your decisions dispersed in real-time across relevant channels. Integrated revenue management enables your hotel to have a more effective pricing strategy by taking a structured and algorithm-driven route to understand and anticipate the customer as well as market needs.
Whether your hotel is focusing on business travellers, analyzing competitors or adjusting the pricing strategy; all such tasks can be done automatically using the data to gain better insight. Besides eliminating human errors, systematic revenue management software:
– Collects accurate data
– Builds a historic data inventory
– Clearly segregates the prices and demands for lodging
This helps you create your pricing strategies with a competitive edge. A revenue management system is a user-friendly, easy to set up tool that allows you to increase your RevPAR, regardless of the size of your hotel.
Hotelogix’s integrated revenue management system factors in your hotel’s history, competitors’ prices, local and national events, your hotel’s e-reputation, transportation prices, weather forecasts and exchange rates. With it, recommendations can be uploaded to the Channel Manager. Your hotel can get information on competitor pricing in one click, enabling you to spend more time with guests and less time on pricing decisions.
With Hotelogix and the revenue management system, you can be equipped to unleash the revolution of dynamic pricing as it gives you the power of 3 super tools – Powerful PMS, Channel Manager and Revenue Management System. (Also read: Is your hotel ready for a dynamic price revolution?)
Hotelogix PMS and distribution system allows you to manage operations and room distribution efficiently. Hotelogix Distribution System connects with Channel Managers and GDS to update pricing and availability in real-time across all channels.
This integration will help you experience the added benefit of having an automated revenue management system that decides the price, which can then be applied across channels in real-time.
Are you ready to experience the power of integrated revenue management with Hotelogix PMS?