Do you think a hotel jam-packed with people helps you gain profit? The sign of a successful hospitality business is a good revenue. If a business owner wants to increase the bottom line, they need to follow various revenue management techniques and strategies.

Simply, revenue management depends on predicting consumer behavior if you aim at selling the product at an optimal price every day. Therefore, understanding the hotel revenue management is not hard: selling the right room to the right client at the right moment at the right price on the right distribution channel with the best
profit gaining possible. Some people call revenue management, yield management also, but these terms aren’t interchangeable.

Hotel Revenue management includes some interconnected components, which are

Customer segmentation,
Demand forecasting,
Inventory management,
Yield management, and
Pricing

Pricepoint is a revenue management software dedicated to dynamic pricing of hotels. It is designed for independent hotels and powered by an AI-based RMS (price optimizer) so that independent hoteliers can automate price management on OTAs such as Booking.com and Airbnb.

Pricepoint has the best solutions for pricing of hoteliers with artificial intelligence. It derives demand forecasts and at any moment (24/7) to provide OTAs with an optimal price. Thus you see a growth in revenues and occupancy. It seamlessly integrates with PMS’ to help hoteliers save hours of work per week. You can use the 30-day free trial to see how it can raise your hotel revenues by up to 25%.

Click: https://pricepoint.co/
https://pricepoint.co/sign-up
https://pricepoint.co/pricing/