The Ultimate Guide to Choosing a Revenue Management System That Is Right for You

By
Mateusz
11 Jan 2022
5 min read
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Why Hotels Need a Modern RMS

The business landscape is changing rapidly, and hotels that fail to adapt risk being left behind. Many properties still rely on outdated platforms built at the start of the internet boom—tools that simply can’t keep up with today’s fast-moving, data-driven hospitality market.

Modern hotels need AI-powered, cloud-based revenue management systems (RMS). These solutions use advanced algorithms to:

  • Optimize room rates in real time
  • Analyze booking patterns, market demand, and competitor data
  • Support strategic decisions that boost both occupancy and profitability

But not all RMS platforms are created equal. Choosing the right one requires a careful look at how well the solution fits your hotel’s unique needs.

3 Key Factors to Consider When Choosing a Hotel RMS

1. Ease of Execution

The right RMS should integrate seamlessly with your Property Management System (PMS) and channel manager. A smooth integration means:

  • Minimal disruption to your team
  • Faster implementation and return on investment
  • Immediate improvements in rate optimization and booking experience

Avoid systems that require heavy technical input or complex onboarding.

2. Provider Support

Technology is only as good as the support behind it. Choose an RMS provider that offers:

  • Responsive customer support and training
  • Clear documentation and resources
  • A proven track record with hotels similar to yours

Check reviews, ratings, and ask fellow hoteliers about their experiences. Reliable support ensures your team can adapt quickly and use the tool to its full potential.

3. Cost and Value

Price always matters, but so does ROI. When evaluating RMS options, compare not just the upfront cost but also the features, scalability, and unique value each solution offers. The right RMS should pay for itself by:

  • Increasing occupancy rates
  • Maximizing revenue per available room (RevPAR)
  • Reducing manual workload for your staff

Why Pricepoint Stands Out

Pricepoint is a trusted, AI-driven RMS designed specifically for independent hotels and hostels. Unlike generic tools, it was built by hoteliers for hoteliers. Key advantages include:

  • AI-powered dynamic pricing that adapts to demand in real time
  • Seamless PMS and OTA integration for easy execution
  • User-friendly design with full control via desktop or mobile
  • Dedicated customer success team for ongoing support

Hotels using Pricepoint report an average 19% increase in revenue and a 13% boost in occupancy.

Conclusion

Adapting to new technology is no longer optional for hotels—it’s essential. By focusing on ease of execution, provider support, and cost-effectiveness, you can choose the RMS that will help you grow in today’s fast-changing market.

👉 Ready to see the difference an AI-powered RMS can make? Book a free demo with Pricepoint and discover how smarter pricing can boost your revenue and occupancy today.