Difference Between Yield Management and Revenue Management

There are so many terminologies in the hospitality industry, even the best of us can’t keep up with it all sometimes. One thing that usually leaves many hoteliers beguiled is understanding the difference between Yield Management and Revenue Management.<

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A property management system (PMS) is a software application for the operation of various businesses, especially in the hospitality industry.

Do visitors land on your website, search for available accommodation on their dates and then just leave without completing the booking? If you answer yes, then it’s time to do things a little differently.

a hotel reservation system will help you reduce this workload while making you an effective manager. It works by processing the secure online reservation made through your hotel website.

The most important thing is the hotel guest experience which is a combination of all the things listed above and more. The term hotel guest experience gets thrown around a lot and it might present itself as an ambiguous ideal that can’t be measured.

Today, travellers have more options and that is why hotel managers and owners must leverage technology to outsmart their competitors. Thankfully, you have a hotel booking engine to the rescue.

This article hopes to help hotels and hostels with booking issues to help them land more potential guests and keep existing ones satisfied.

Understand the benefits of yield management in hospitality industry, key elements of yield management & learn how to calculate your yield.

Customers are increasingly turning to other (non-hotel) types of accommodation and booking through Online Travel Agencies (OTAs) rather than directly with hotels.