Protel offers you the best system for your hotel!
Maximize your hotel’s profitability with revenue management software.
Revenue management refers to the methods used to sell the right product or service to the right customer at the right time for the right price and in the right way. Data-based numerical analyses and customer estimations are performed for revenue management. Price and availability information is subsequently determined for the presented product or service.
Revenue management systems collect all of the data that affects the revenue of company. They then analyze the collected data according to the customer groups, make estimations for each customer group, and update the price and availability information based on the feedback received. Revenue management software, which can utilize retrospective data that is accumulated in your hotel software can then provide you with statistical data regarding your sales.
Hotels are perfectly suited businesses for revenue management applications. It is difficult to determine the most profitable sales in terms of rooms, which is the largest source of revenue for hotels. This is because while money is earned for each room itself, fixed and variable expenses are also a factor. This is where revenue management system software provides invaluable help for hotel proprietors.
Revenue Management Systems
Protel offers you the best system for your hotel!
Maximize your hotel’s profitability with revenue management software.
Revenue management refers to the methods used to sell the right product or service to the right customer at the right time for the right price and in the right way. Data-based numerical analyses and customer estimations are performed for revenue management. Price and availability information is subsequently determined for the presented product or service.
Revenue management systems collect all of the data that affects the revenue of company. They then analyze the collected data according to the customer groups, make estimations for each customer group, and update the price and availability information based on the feedback received. Revenue management software, which can utilize retrospective data that is accumulated in your hotel software can then provide you with statistical data regarding your sales.
Hotels are perfectly suited businesses for revenue management applications. It is difficult to determine the most profitable sales in terms of rooms, which is the largest source of revenue for hotels. This is because while money is earned for each room itself, fixed and variable expenses are also a factor. This is where revenue management system software provides invaluable help for hotel proprietors.
Revenue Management Systems
Protel offers you the best system for your hotel!
Maximize your hotel’s profitability with revenue management software.
Revenue management refers to the methods used to sell the right product or service to the right customer at the right time for the right price and in the right way. Data-based numerical analyses and customer estimations are performed for revenue management. Price and availability information is subsequently determined for the presented product or service.
Revenue management systems collect all of the data that affects the revenue of company. They then analyze the collected data according to the customer groups, make estimations for each customer group, and update the price and availability information based on the feedback received. Revenue management software, which can utilize retrospective data that is accumulated in your hotel software can then provide you with statistical data regarding your sales.
Hotels are perfectly suited businesses for revenue management applications. It is difficult to determine the most profitable sales in terms of rooms, which is the largest source of revenue for hotels. This is because while money is earned for each room itself, fixed and variable expenses are also a factor. This is where revenue management system software provides invaluable help for hotel proprietors.
How do revenue management systems work for hotels?
The main purpose of revenue management systems is to determine the price and availability information for the service (accommodation, facility or activity) in relation to sales. Software of this type first gathers all retrospective data relating to the hotel. The collected data is then compared, and meaningful connections are revealed. For instance, if the majority of long-stay guests also use the hotel’s spa center, the revenue management software concludes that these two services are associated with each other. Following this process, which can also be called the analysis process, the revenue management software makes estimations regarding the price and availability information based on numerical analyses. At this point, the person responsible for managing the software makes decisions on the available reservation requests by considering the analysis results and their possibility for actualization. New data is revealed as a result of the decisions made, and the revenue management system restarts this process by taking the new data into consideration.
How do revenue management systems work for hotels?
The main purpose of revenue management systems is to determine the price and availability information for the service (accommodation, facility or activity) in relation to sales. Software of this type first gathers all retrospective data relating to the hotel. The collected data is then compared, and meaningful connections are revealed. For instance, if the majority of long-stay guests also use the hotel’s spa center, the revenue management software concludes that these two services are associated with each other. Following this process, which can also be called the analysis process, the revenue management software makes estimations regarding the price and availability information based on numerical analyses. At this point, the person responsible for managing the software makes decisions on the available reservation requests by considering the analysis results and their possibility for actualization. New data is revealed as a result of the decisions made, and the revenue management system restarts this process by taking the new data into consideration.
How do revenue management systems work for hotels?
The main purpose of revenue management systems is to determine the price and availability information for the service (accommodation, facility or activity) in relation to sales. Software of this type first gathers all retrospective data relating to the hotel. The collected data is then compared, and meaningful connections are revealed. For instance, if the majority of long-stay guests also use the hotel’s spa center, the revenue management software concludes that these two services are associated with each other. Following this process, which can also be called the analysis process, the revenue management software makes estimations regarding the price and availability information based on numerical analyses. At this point, the person responsible for managing the software makes decisions on the available reservation requests by considering the analysis results and their possibility for actualization. New data is revealed as a result of the decisions made, and the revenue management system restarts this process by taking the new data into consideration.
How does a revenue management software contribute to a hotel?
One of the most challenging processes in hotels is initially determining the price and availability of a room, facility or other activity. During this planning process, calculations relating to a hotel’s daily and even hourly sales statistics, Occupancy Rate (OR), Average Daily Rate (ADR), Revenue per Available Room (REVPAR) and Gross Operating Profit per Available Room (GOPPAR), as well as fixed and variable expenses that occur with the room sales must be determined. The qualitative data that is obtained after all these calculations have been completed must be correctly interpreted and applied to determine the price and availability of the rooms. Conducting all these procedures included in the planning process without any error, and then repeating them at regular intervals, constitute a serious work load.
However, revenue management software automates nearly all of the above processes. After gathering together all the data about hotel sales, revenue management software automatically completes all the planning calculations. This provides the hotel’s revenue manager with the estimations they need to make necessary decisions. At that point, the revenue manager considers company strategy and selects the most profitable option for the business.
How does a revenue management software contribute to a hotel?
One of the most challenging processes in hotels is initially determining the price and availability of a room, facility or other activity. During this planning process, calculations relating to a hotel’s daily and even hourly sales statistics, Occupancy Rate (OR), Average Daily Rate (ADR), Revenue per Available Room (REVPAR) and Gross Operating Profit per Available Room (GOPPAR), as well as fixed and variable expenses that occur with the room sales must be determined. The qualitative data that is obtained after all these calculations have been completed must be correctly interpreted and applied to determine the price and availability of the rooms. Conducting all these procedures included in the planning process without any error, and then repeating them at regular intervals, constitute a serious work load.
However, revenue management software automates nearly all of the above processes. After gathering together all the data about hotel sales, revenue management software automatically completes all the planning calculations. This provides the hotel’s revenue manager with the estimations they need to make necessary decisions. At that point, the revenue manager considers company strategy and selects the most profitable option for the business.
