What is hotel revenue management?
Revenue management provides a clear road map in terms of pricing and optimization and also delivers a means by which a hotel can better gauge its accomplishment. It is a business strategy that allows the optimization of inventories and boosts profits. It includes promoting the most convenient accommodations to the suitable client at favourable prices and at favourable times by using targeted distribution channels. The hotel revenue management system is not only a cost-effective solution but also ensures customer satisfaction.