Hotel Revenue Management System developed to reduce cost and maximize income

Top Quote Gone all the days when luxury travel was a privilege reserved for the wealthy. In fact, today people have more & more access to such services. End Quote
  • (1888PressRelease) April 13, 2017 - TatvaSoft UK, a software development company had recently created an online platform named "Hotel Revenue Management System" for one of its clients. The client provides management, consultancy, and development of information technology products specially designed for the travel and hospitality industry.

    Hotel e-commerce is growing at a rapid rate. The client required to streamline a centralized web-based system for hoteliers to have an easier and efficient hotel management platform. As a result, an online platform Hotel Revenue Management was developed on the basis of Microsoft Silverlight technology and Software as a Service (SaaS) platform. The web application offers six different applications under a single umbrella in three different languages, i.e. English, Portuguese and Spanish.

    Other interesting features included in the application were:-

    Booking engine:
    - Quick & Simple booking process
    - Provides information on Hotel availability, rates, photographs, accommodations, hotel services and nearby attractions
    - Special offers available
    - Centralized booking management and reservation facilities
    - Refer hotels to friends through social media or emails

    Channel Management:
    - Explore & select numerous distribution channels such as Booking, Expedia, and Hotelbeds
    - Custom settings and centralized administration available for each channel
    - Booking Control and quick and easy updating of availability in real time

    Customer Relationship Management (CRM)
    - Separate database is created for guests, businesses, and agencies
    - Appropriate management of promotional campaigns
    - Managing customer loyalty programs

    Yield Management
    - Flexible rate management allows you to configure rates per room, policies, restrictions, extras and incentives; automatic creation of promotional code
    - Provides a clear overview of hotel distribution
    - Stay updated with alerts and reporting system

    The client was immensely benefitted with Hotel Revenue Management system as it could also manage the entire circulation of hotel information on social media and interact with real-time fans. Besides, with the developed Microsoft Silverlight-based application, hotelier can access all main functionalities of five modules such as easy access to production and occupancy reports, manage rates, track bookings, manage the calendar of events, set promotional codes, monitor and of course, manage social media.

    To be precise, Hotel Revenue Management turned out to be a perfect solution for the client as it resulted by increasing direct sales, simplifying channel management, boosting tourist registrations and revenues and retained customers with better quality.

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