Today's Revenue Management thought:-

Staying in control (2)…..

Many properties have opted to use automated rate updating tools - which is absolutely fantastic.

There are still many PMS’s that do not support connectivity to RMS (believe it or not), and hence updates have to be performed via a Channel Manager. That said, there are also issues with 2 way connectivity between Channel Managers & PMS’s.

It becomes quite cumbersome, and time consuming to monitor, and adjust all these links - when your tech stack presents these challenges. Additionally there can be issue with data validity.

How do you go about being efficient in your revenue management practices when facing these challenges ?

Any thoughts ?

Have a profitable week !

✌🏼