6 Reasons to use an RMS in Tourist Accommodations
Posted: Sat Dec 07, 2024 8:57 am
Andres Romero
CEO and Project Manager
April 5, 2017
These days, it’s not hard to find properties of all types with leadership teams that believe that “ having few accommodation units ” means that their property “ doesn’t need a revenue management system ” or RMS.
Similar to large hotels, small hotels are constantly generating data, especially if the property has a restaurant, spa, bar, or other secondary sources of income. Without automation, it is difficult to compile and analyze all this information on an ongoing basis. In this article, we offer you reasons why using an RMS in tourist accommodations can make a difference.
If you are unfamiliar with the georgia email address terminology used when talking about Revenue Management systems, you can take a look at this article titled Revenue Management Basics for Dummies .
Small and medium-sized properties are often short on resources and do not have a dedicated revenue manager. As a result, revenue strategy is left to the property manager, sales and marketing director or the person who handles reservations. All of these people already have hectic days filled with other responsibilities. As a result, this leads to overpriced and underpriced rates, which puts independent hotels, campsites, holiday apartments… at a competitive disadvantage.
The human mind alone cannot process so much information when making decisions. One of the biggest challenges in manual revenue management practices is the inability to collect quality data in a timely manner and be able to use it before it becomes obsolete. Hotel data comes from a multitude of sources, changes rapidly, and is critical to making appropriate pricing decisions.
Smaller tourist accommodations need to work with an RMS as much or even more than larger ones. The following six reasons are intended to support the use and importance of a revenue management system or RMS in tourist accommodations:
CEO and Project Manager
April 5, 2017
These days, it’s not hard to find properties of all types with leadership teams that believe that “ having few accommodation units ” means that their property “ doesn’t need a revenue management system ” or RMS.
Similar to large hotels, small hotels are constantly generating data, especially if the property has a restaurant, spa, bar, or other secondary sources of income. Without automation, it is difficult to compile and analyze all this information on an ongoing basis. In this article, we offer you reasons why using an RMS in tourist accommodations can make a difference.
If you are unfamiliar with the georgia email address terminology used when talking about Revenue Management systems, you can take a look at this article titled Revenue Management Basics for Dummies .
Small and medium-sized properties are often short on resources and do not have a dedicated revenue manager. As a result, revenue strategy is left to the property manager, sales and marketing director or the person who handles reservations. All of these people already have hectic days filled with other responsibilities. As a result, this leads to overpriced and underpriced rates, which puts independent hotels, campsites, holiday apartments… at a competitive disadvantage.
The human mind alone cannot process so much information when making decisions. One of the biggest challenges in manual revenue management practices is the inability to collect quality data in a timely manner and be able to use it before it becomes obsolete. Hotel data comes from a multitude of sources, changes rapidly, and is critical to making appropriate pricing decisions.
Smaller tourist accommodations need to work with an RMS as much or even more than larger ones. The following six reasons are intended to support the use and importance of a revenue management system or RMS in tourist accommodations: