Yield Management

How do you decide which price to set?

In a constantly evolving market, such as the touristic one, every year industry experts and consultants confront themselves on the evolution of the most efficient commercial strategies. Everybody speaks about revenue management, but only a few use scientific methods to determine in which way and when a room price should be changed.

 

Moreover, even hoteliers that over time found an objectively efficient method, have great difficulties in applying it in a systematic way. They are exposed to human errors of their staff and the difficulties that people encounter in respecting guidelines systematically, every single day.

Developed to help you define precise scientific procedures, our revenue management software allows you to optimize sales and maximize profits for each available room.

 

Thanks to dozens of detailed reports, you will be able to run analyses and compare performance to previous years, analyze historical data and assess demand curve with forecasts made.

Do you already have a revenue management system?

With the Ericsoft Revenue Management module you can interface to other Revenue Management System providers.

How does the interface work?

  • the ericsoft software forwards data to the external provider (prices set, historical data and other relevant information)

  • the provider uses these data in his algorithm to determine which price to apply

  • the PMS downloads recommended room rates so you can align your prices accordingly

By integrating these external providers to your PMS you will be able to view suggested prices for each day. Some of the information you will have direct access to include:

  • Price recommended by the RMS

  • Current price set

  • Occupation percentage vs free rooms

Currently, our Revenue management modules allows you to interface with:

In which products can it be integrated?

SUITE 4°
The only all in one solution that allows you to manage operational and commercial procedures of your hotel, restaurant and all related activities, using a single graphic interface Discover more
HOTEL 4°
An intuitive and modular hotel PMS system that helps you optimize your organizational processes and increase your hotel’s profitability Discover more

Contacts

Address: S.S. Adriatica 62, Misano Adriatico (RN)

Offices: Mon-Fri 09:00am - 1:00pm / 2:30pm - 6:30pm 
Helpdesk: 7 days a week / 365 days a year / 8:00am - 8:00pm 

VAT: 04211680402

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