• What needs does an RMS like MyForecast meet?
Digitalizing a hospitality structure with the support of Revenue Software is an important and challenging choice for those managing hotel pricing strategies.
In recent years, revenue managers have increasingly recognized the need to manage their properties through a complete technological ecosystem capable of simplifying workflow, enhancing pricing strategy, and improving overall business performance.
Having a technological support system that facilitates and speeds up daily revenue management tasks offers great reassurance to hotel managers, who are often pressed for time.
With MyForecast RMS, many hotel managers have halved the time required for operational pricing management and other “time-consuming” tasks, thanks to features like Price Helper. This automated function in MyForecast RMS autonomously manages rates once the initial rules are set.
In this way, the potential to increase revenue is not lost.
• Are there prerequisites and requirements for the hotel?
MyForecast RMS is ideal for hotel groups, independent hotels, hotel consulting firms, and the open-air sector.
It is now clear that RMS (Revenue Management Systems) are essential in every accommodation property, just like the more familiar PMS.
Why can we say this? Because revenue management is a fundamental practice in hospitality and tourism that enables revenue maximization, significantly reduces the time spent on manual tasks, and eliminates errors.
Those working in this field cannot overlook these techniques and strategies to ensure maximum profitability for their business.
• What are the tangible benefits?
Gone are the days when revenue managers spent hours on hundreds of Excel sheets.
That’s the past. Thanks to MyForecast RMS, pricing strategy is supported by impeccable data analysis, easy to interpret thanks to an intuitive and always optimized interface.
MyForecast RMS is an essential tool for those who manage rates and analyze market trends in real time.
Properly developing a revenue and price management strategy enables hotels to anticipate demand and adopt a correct pricing strategy, thereby increasing revenue.
Making data-driven decisions, reducing operational costs, and increasing efficiency in hotel management becomes simpler with revenue technology—a crucial step for success in today’s highly competitive market.
• Could there be any drawbacks or pitfalls?
Only that you won’t be able to do without it!
We’ve noticed that if, for some reason, a client cannot access their license, they reach out, “worried,” as they’re unable to carry out their daily revenue strategies.
Do you manage rates for a property but don’t yet have revenue management software?
Consider the MyForecast RMS solution. Contact us to see how it works!