Revenue Management Systems for hotels (RMS) has been around for years already. And with the advent of smart technology, RMS has totally improved and become essential for every hotelier who wants to maximize their RevPAR in no time. However, just because you have an RMS doesn’t mean there’s a guaranteed increase in revenue. The key is to understand what it does and find the right RMS for your hotel.
In this article, we will explore everything you need to know about RMS and discover the best RMS hotel software on the market.
What’s inside this blog?
- What is a Revenue Management System for Hotels?
- The Benefits of Using a Revenue Management System for Hotels
- The Best Revenue Management Software
- eManager Express Features
- Frequently Asked Questions About Hotel Revenue Management Software
What is a Revenue Management System for Hotels?
In every hotel, role of a revenue manager plays an important role in making the business thrive. The revenue manager is the person responsible for managing pricing strategies to maximize revenue and profit. They set the rates, analyze your competitors’ pricing, and execute rate plans and promotions. With an RM by your side, having hotel revenue management software isn’t really a priority, right? Sure, it’s possible for you to get by without an RMS hotel software but it takes a lot of time and so much manual work for you to be able to maximize your RevPAR. Unless of course you’ve got plenty of time. But really, who has the time?
This is why a revenue management system for hotels is important. An RMS automates the process of using analytics through smart algorithms to determine the right price for hotel rooms that can maximize revenue and profitability. It also analyzes the competitor rates, historical rates, market dynamics, and inventory levels to predict demand and provide rate recommendations. Its main purpose is to sell the right room to the right customer at the right time for the right price on the right channel.
The Benefits of Using a Revenue Management System for Hotels
The primary benefit of having an RMS hotel solution is kind of obvious: maximizing revenue and increasing profitability. Results vary depending on the property type, your pricing processes, and which RMS you choose but with ZEN eManager Express, you can expect up to a 30% increase in revenue while saving cost at the same time.
Of course, we don’t want to leave you with broad and vague information so here are the specifics:
- Accurate forecasting
- Better time management
- Create operational efficiencies, reducing manpower
- More flexibility
- Better reporting
- Improved RevPAR
For more detailed information, read this article: Revenue Management System: A Complete Guide on How to Leverage RMS for Maximizing Revenues
The Best Revenue Management Software
There is a wide selection of RMS systems in the market at the moment that is why figuring out the best RMS can be quite a challenge. In choosing the best RMS, you have to select the one that suits the needs of your hotel. Choose the one that is experienced and uses the latest technology, such as the ZEN eManager Express.
eManager Express Features & How It’ll Benefit You
ZEN eManager Express is designed to cater to even small hotel chains, making it the ideal and affordable RMS option for you. It features intelligent pricing, real-time automated updates, and in-depth analytics for performance review backed by artificial intelligence (AI). With this, you can reduce your manpower cost while getting the best prices worry-free. By using a powerful tool like ZEN eManager Express, you can get precise data while saving time, and it gives you a more accurate result, helping you increase your hotel revenues.
Tailor-Made for Maximizing Revenue
- Automated pricing 365 days ahead – Real-time price changes 1 year ahead. Never miss high-demand opportunities and avoid empty rooms!
- Stay on top of your competition – We monitor the competition around you, to give you all information and make the best pricing decision.
- Be in control of your pricing strategy – Define and customize your pricing strategy effortlessly. The simplest way to set up parameters and get your prices right.
Advanced Analytics & Artificial Intelligence Revenue Management
- Up to 30% increase in revenue while saving cost at the same time.
- Advance Analytics Dashboard for real-time business performance review and intelligent decision making.
- Adaptive AI-Pricing Model – optimizes prices based on market conditions, historical data, and more.
Best Value & Lowest Price Guaranteed
Our product ensures the best value-for-money in the market and a
- Lowest price guaranteed
- Channel Manager + PMS included
- 30-day free trial
- No set-up fee
- Dedicated Support
Let eManager Express do the hard work and save time. Talk to an expert. Book your free appointment now at www.zen-hs.com/book-a-meeting/.
Frequently Asked Questions About Hotel Revenue Management Software
Q: What is the role of a revenue manager?
A: In every hotel, the role of a revenue manager plays an important role in making the business thrive. The revenue manager is the person responsible for managing pricing strategies to maximize revenue and profit. They set the rates, analyze your competitors’ pricing, and execute rate plans and promotions.
Q: How is eManager express different from eManager?
A: eManager is a PMS that includes dedicated revenue management for hotel pricing and visibility and is powered by advanced AI. Both eManager and eManager Express function the same, only the latter is more affordable and a great entry point for hoteliers to get into smart hospitality solutions.
Q: What all inclusions can one add to eManager?
A: eManager has a wide variety of plans that cater to your needs and budget. We have eManager Express which is the most affordable, eManager Lite and Basic for mid-range, and eManager Pro. the inclusions depend on the plan you would choose but as for eManager Express that already has Channel Manager and Revenue Manager, you can avail the following add-ons:
- Online Listing Management
- Reputation Management Tool
- Booking Engine
- Website Creation Platform
- and Hosting
Q: Why should hotels opt for automated smart pricing?
A: Hotel automated pricing of RMS like eManager Express could make a big impact on your business like maximizing your occupancy rates, and therefore your revenues. It also helps hotels reach a wider audience and achieve a balance between underpricing and overpricing. eManager Express can do all these automatically, saving time and costs for the hotels to be invested in other areas.