How Hotel Rate Management Can Be Beneficial for Your Business?
Posted May 9, 2022 by pricepointca
Now you can easily adjust your room rates based on the variable the market demands. This is how you can enhance the rate management of your hotel.
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The price depends on the tool you are using for hotel management software. The tools based on market intelligence and rate shopping have a very reasonable price. Research a bit to get provided with flexible price models. Generally they charge you each month depending on the size of the property. You have to bear higher fees if you have more rooms.
When you are selecting a tool consider these features:
01. Seasonal pricing
02. Time-of-day pricing
03. Day-of-week pricing
04. Daily override functionality
05. Discount and premium rates etc.
Though users always have control of modern RMS, it is designed to monitor, detect and optimize these features. The process is automatic.
Reasons to invest in such tools?
Here’s some of the valuable benefits of using a hotel rate management tool?
01. Different pricing strategies and rate structures
02. Computerized rate setting and optimisation
03. Boost your online exposure with numerous distribution channels
04. Optimized room price depending on the inventory value and market condition
05. You can control the reservation rate according to your requirements
By now you must have understood the hotel rate management and how it can serve you valuable benefits. Let’s look closer at the top rated hotel rate management software powered by AI that is Pricepoint. This is a very helpful software to automate your price on OTAs like Airbnb, Tripping.com, Booking.com, etc. AI-driven revenue management systems help you manage prices on hotel booking sites automatically . thus you get a competitive price.
The competitor rate shopper is the most engrossing advantage of this hotel management software. Whenever your price does not match your competitors’ you will be notified. Another key feature of Pricepoint is its dynamic pricing. This feature helps you sell rooms at the most optimal price.
For more details, visit : https://pricepoint.co/
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| Contact Email | [email protected] |
| Issued By | Pricepoint |
| Phone | 1-514-742-6806 |
| Business Address | 4530 Melrose Avenue, H4A 2S9 Montreal, QC |
| Country | Canada |
| Categories | Business , Services , Software |
| Tags | hotel rate management software , hotel revenue management software , revenue management software , revenue management software for hotels |
| Last Updated | May 9, 2022 |