Selecting a revenue management system for your hotel is not a simple choice to make. While it may not touch as many departments as a PMS, your RMS will set your hotel’s pricing and ultimately drive your profitability. Here are 5 things you may want to consider when selecting your RMS:
Automatio...
Next week I am visiting Walt Disney World with my kids and their best friends. I’ve been dreaming of taking my kids to Disney since before I even met my husband, meanwhile he has never been and imagined that he’d take his children to Disney once for the trip of a lifetime. I managed to convince him ...
The willingness to pay of consumers depends on their reason for travelling. Are they coming to your destination because it is a major tourist destination, a city with corporate demand or a conference center, or for a particular activity? Having worked with hotels in Mont-Tremblant briefly, I was cur...
When the team at The Laundry Rooms selected Rate Yield as their RMS provider, I was very excited for a few reasons. For one, they would be our first properties in Ontario. They would also be our first Mews property to integrate Rate Yield.
The Laundry Rooms offer an innovative approach to hospi...
Throughout my career within the travel industry, I have learned a lot of things and have modified my own shopping behavior as a result. I’ve also become more aware of the mistakes some of my friends and family make when reserving accommodations for leisure travel. As an example, my best friend was b...
When we think about revenue management, we often think of large cities, overbookings, big box hotels and a competitive marketplace. We don’t typically think of a 44-room inn located in a remote destination. However, Rate Yield sat down with their loyal client, Manoir Belle Plage, to discuss what the...
As any hospitality professional knows, there are 3 main key performance indicators in the hotel industry.
Average Daily Rate (ADR) – the average price a hotel sells its rooms (calculated by dividing the revenue by the number of rooms sold)
Occupancy Rate – the percentage of rooms in ...
Montreal (Quebec), November 13, 2023 – Renowned for its cutting-edge technology and industry expertise systems, Rate Yield RMS is proud to unveil its educational platform in revenue management with the Institut de tourisme et d'hôtellerie du Québec (ITHQ), whose students will use throughout their le...
There are quite a few lessons you get when you move out of your parents' house, but as a Canadian, one of the most important is to never buy anything at full price from Canadian Tire. The iconic store offers the best deals on tools, tires, skates and blenders available, and if the item you are looki...
My first job in a hotel was as a sales manager for tour groups, sports teams and wedding blocks. In other words, I was our revenue manager’s least favourite colleague. I brought in the business that had some of the lowest rates, the most wash and the most guest complaints. We would often argue over ...
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