Flexible pricing, open-pricing, demand-based pricing, roll pricing, time-based pricing or real-time pricing- Call it what you will. Today, dynamic room pricing is one of the most widely used Hotel revenue management strategy not just in the US but across the world.
Hotel Management Solutions Blog
Sample this – Hotel A has 50 rooms and is mainly dependent on room revenues to stay profitable. Reason – it has only one restaurant, and the management finds it difficult to integrate the traditional server-based PMS with their restaurant POS system. Due to this, they have to manually update the front desk with restaurant bills and other incidental charges to add to the guest folio. Is not it a time-consuming task that can lead to errors like billing discrepancies and even sometimes loss of revenue?
Does your Hotel PMS helps you to automate your daily operations, increase efficiency, reduce costs and saves time? Does it support real time integration through channel manager? If not, read here to know why channel manager integration is crucial for your business.