A hotel’s property management system provides crucial information on average room rate, occupancy levels and RevPAR — all vital data sets for hotel revenue management. However, for in-depth forecasting, real-time market data and trends analysis, hotel revenue managers need to employ predictive analytics.
Suppose you operate a hotel with three room types: superior rooms, suites and pool villas. Because you’re in a warm climate, you’re anticipating high demand for the month of December. Looking 120 days into the future, how confident are you in your ability to determine the right incremental price increases between each of your room types?
Calgary, AB, October 18, 2016 – World Web Technologies Inc. is pleased to announce direct integration between WebRezPro, its cloud property management system (PMS) for independent hotels, and Duetto’s industry-leading revenue strategy technology for timely, more accurate pricing updates that save time and optimize revenue for hoteliers.
There have been so many advances in the field of revenue management over the past decade that hoteliers today would be foolish not to use all readily available data to help price hotel rooms for maximum profitability.
I have built a decent number of API’s and integrations over the course of my career. Before joining Duetto to help develop its hotel technology, I was a lead engineer at Salesforce, where I built everything from dynamic DNS updates to RESTful implementations. The development always followed a similar pattern: