Tag: Revenue Management System for hotels

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The Role of Revenue Management System in Hotel Profitability

The Role of Revenue Management System in Hotel Profitability

The maximization of revenues is one of the most important strategies that can be used to enhance the profitability of the hospitality industry. A good way to accomplish this objective is by using the Revenue Management System (RMS). This system utilizes advanced algorithms, analytics, and automation to help hotels predict demand, set the right room…