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What Happens When Your RMS and Channel Manager Don't Sync?

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In today’s challenging environment of hospitality, technology plays an important part of hotel Revenue management. The two most important systems in a hotel’s tech stack are the Revenue Management System (RMS) and the Channel Manager. The RMS optimises room pricing based on market demand and business trends, and the Channel Manager distributes those rates and inventory across OTAs and booking channels. But what happens when these two systems aren’t playing along? Understand  The Role of RMS and Channel Manager A Revenue Management System uses multiple data points like demand, occupancy, competitor rates, seasonality and market trends to suggest optimal room rates. These rates and room availabilities are updated by a Channel Manager across different booking platforms including: Booking,com Expedia Agoda Booking engine on hotel website GDS and other distribution systems By keeping both systems in sync hotels can react quickly to changes in the market and maintain consistent pr...
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Why Tracking City Events Matters for Hotel Revenue Management?

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  The hospitality industry is becoming more competitive, and hotels need to stay ahead of changing market trends to maximise Revenue. While monitoring market trends and competitor rates is important, city events are another important factor that can affect hotel bookings and Revenue. Concerts, exhibitions, corporate conferences, sporting events, festivals, and local celebrations often bring additional travellers to a destination. Hotels that plan for these events can attract more guests, increase room occupancy, and earn higher Revenue. Why City Events Matter for Hotels? City events create opportunities for hotels to attract more guests and optimize pricing. Demand often increases before and during major events, allowing hotels to adjust room rates, review inventory, and implement the right restrictions to maximise Revenue. Hotels that fail to monitor upcoming events may miss these opportunities and lose potential Revenue to better-prepared competitors. What Hotels Should Do Befor...
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Monsoon Is No Longer a Low-Demand Season

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The Monsoon season is considered a low-demand period for many hotels. Most hotel Revenue managers believe that fewer travellers mean lower occupancy and reduced Revenue. However, with the right hotel Revenue management strategy, hotels can turn the monsoon season into a profitable opportunity. Using Precium Software, hotels can analyse market trends, forecast demand, and optimise room pricing to maximise Revenue even during the monsoon season. Why Can the Rainy Season Be a Revenue Opportunity? Although the monsoon is usually considered an off-season, many travellers specifically plan trips during this time because they want to enjoy: Beautiful green landscapes Lower hotel prices Pleasant weather Wellness and relaxation experience Many people living in busy cities look for peaceful destinations to relax during the rainy season. This changing travel behaviour creates new opportunities for hotels to attract guests. However, higher demand from certain traveller segments also brings p...
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