What is a Revenue Management System and Why Hotels Need It?

A Revenue Management System (RMS) is a smart hotel technology tool that uses data, automation, and analytics to help hotels set the right price at the right time. It analyzes market demand, competitor pricing, booking trends, and occupancy forecasts to recommend the most profitable room rates. Hotels use RMS software to improve hotel revenue management, optimize pricing, and boost overall profitability.

Hotels need a Revenue Management System because the hospitality industry is highly competitive and demand changes quickly. https://saasaro.com/blog/what-is-a-rev