A Revolution for Revenue Management in the Hospitality Sector
MyForecast RMS is excited to announce the launch of MyForecast RMS 4.0, a completely new software that will be officially presented at TTG 2024, one of the most important events in the hospitality sector. This revolutionary software promises to radically change pricing and revenue management strategies for hospitality businesses.
Vito D’Amico, CEO and Founder of MyForecast RMS, shares his vision:
“The new MyForecast RMS represents an unprecedented technological breakthrough in our industry. We have created an entirely new, extremely powerful and fast platform, offering unmatched data analytics capabilities. I am confident that this software will transform the way hotels manage revenue management.”
Innovations and New Key Features of MyForecast RMS 4.0
The new MyForecast RMS has been designed with advanced features created to simplify and optimize the decision-making processes of revenue managers. Among the main innovations introduced, we highlight:
- AI Tool: Secure pricing suggestions to always sell at the best price thanks to MyForecast RMS’s certified and unrivaled AI.
- Advanced Historical Data: Thanks to the advanced historical data, MyForecast RMS 4.0 offers a complete view of historical data, starting from SDLY (Same Day Last Year) from the very first year. The platform also includes the Real-Time Pick-Up function, allowing you to monitor and compare the booking trends in real-time.
- Advanced Segmentation: MyForecast RMS 4.0 introduces an advanced segmentation system that allows viewing up to four statistical fields, offering a more detailed view of performance. Additionally, the software segments data by rate plans, allowing you to visualize KPIs, facilitating price strategy optimization for each segment.
- BI Reporting: The new advanced reporting feature enables in-depth analysis of cancellation rates, displayed by parameters such as nationality, booking window relative to rate plans or market segments. Additionally, it allows segmentation by attendance and age groups, providing valuable insights to better understand customer behavior and improve business performance.
Thanks to collaboration between the Development Team and the Project Team, MyForecast RMS 4.0 has been designed to revolutionize rate management, making key hotel data more accessible and understandable.
This platform will guide revenue managers towards optimal pricing strategies, ensuring revenue growth and maximum competitiveness throughout the year, while also improving the guest experience and satisfaction.
In addition to its advanced data analysis and management capabilities, MyForecast RMS 4.0 offers sophisticated tools for reporting and forecasting. Thanks to interactive dashboards and highly customizable reports, revenue management teams can create detailed forecasts in just a few minutes and gain real-time valuable business insights. These tools provide a global and in-depth view of business performance, facilitating quick decisions based on accurate data.
The new MyForecast RMS is not just a software, but an innovative system that will help hospitality businesses successfully face the challenges of an ever-evolving market.
Watch the interview with our CEO, Vito D’Amico, recorded during TTG 2024.
Book a free demonstration of the new MyForecast RMS by emailing info@myforecast.it