Revenue Management Software to Maximize Your Hotel's Revenue
Boost your revenue growth with our resources and solutions. Shape your goals, execute winning strategies—beyond smart pricing, propel your growth.
Exploring RevMaxi's Powerful Features
AI-driven Strategy and Algo Dynamic Pricing
Rate Plan
Promotions
Rate Shopping
Efficient Rate Templates
Benefits of Our Hotel Revenue Management System
Manage and increase your hotel revenue with RevMaxi.
Demand Forecasting
Revenue Reporting and Analysis
Competitive Analysis
Revenue Optimization
Respond Swiftly to Market Shifts.
Flexibility Rules
Business Intelligence
Rate Shopping
Revenue Management Made Easy
Why Choose RevMaxi?
- Why pay hefty commissions to OTAs when you can drive direct bookings? With our booking plugin, you can enjoy complete control over the booking engine and let guests easily book from your website.
- Get an exclusive support from dedicated revenue manager with 15+ years of experience in formulating hotel revenue strategies.
- Sell every single hotel room at the best possible price. Our revenue management platform uses ML algorithms to set hotel room prices based on booking patterns, average stay length, guest preferences, etc.
Discover the Power of Our Hotel Revenue Management System
Features
Channels
Features
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Features
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Frequently Asked Questions (FAQs)
A hotel revenue management system is a software solution that streamlines financial management for hotels. It allows a hotel to efficiently manage multiple revenue-related tasks such as data management, pricing, inventory, and reporting.
Rules-or analytics-based pricing algorithms factor data from hotels as well as markets to suggest and set pricing and other revenue-related decisions. Revenue management systems at large help a hotel to maximize occupancy, as well as profits.
Introduced in the 1980s, the technology of revenue management software has come a long way. As technology in general matured, this software added more and more value to the hospitality industry.
Revenue management system software helps a hotel increase revenue in the following ways:
- Hotel revenue management software leverages real-time data from internal and external sources to help hotels predict market conditions and demand and optimize the occupancy of their property.
- The RMS software allows hotels to offer the best rooms and point-of-sales (POS) services to their guests via the most suitable distribution channel, paying the lowest commission.
- Moreover, revenue management software allows a hotel to practice effective dynamic pricing as per the market demand whilst maximizing occupancy.
Using this software, hotels make the most suitable data-driven pricing and revenue decisions, boosting their sales and profits.
RevMaxi by BOTSHOT, for example, has in-built analytics feature that offers hoteliers the tiniest yet essential revenue-related details such as Average Daily Rate (ADR), Revenue Per Available Room (RevPAR), etc. This enables hotels to monitor their performance over time and take the best measures to improve it.
For the cost of implementing the best hotel revenue management software, click here to check the Pricing Page.
Yes, a hotel RMS is suitable for small sizes of hotels as well. A wide variety of properties, from suites in global hospitality chains to rooms in small hotels, could leverage this technology.
