On this page you will find all RMS connections from SmartHOTEL. RMS stands for Revenue Management System, a system that is becoming increasingly popular within the hotel industry. An RMS is used to smartly anticipate the prices of your hotel room. For example, the RMS looks at which events are taking place in the area, the weather forecast and the room occupancy in the past. In addition, the RMS sets the conditions under which the price will rise or fall and by how much. In this way, you can offer an optimal number of rooms to the right number of guests at the best price over a longer period of time.
All you need to know about RMS systems
Revenue management is a practice known for several thousands of years. The application of this principle is acknowledged from the moment the first human beings started to trade goods for goods, and later for money. The understanding of how the variables between demand and supply influence a price that can be charged for a product or service has defined the laws of economics as we know them today.