Revenue management systems (RMS) take property data, analyze it, and provide suggestions about how to most efficiently manage your property's revenue through rate changes. Properties can maximize their revenue by making more data-driven decisions, without hours of administrative work.

What an RMS does

Each revenue management system utilizes different sources of data for their calculations. While all of them will analyze reservation and occupancy information from your property, some will also consider other factors—including your competitors' rates, events in the area, and your property's online reputation. You can learn more about the factors each RMS takes into account on the Mews Marketplace webpage. The RMS puts this data into its algorithm, which forecasts occupancy and calculates the rates which will optimize your revenue accordingly.

How it works with Mews

There are two different types of revenue management systems. One-way integrations only provide the RMS with information, while two-way integrations allow the RMS to push information back to Commander.

One-way integrations

  1. Reservation and occupancy information is sent from your property to the RMS.
  2. The RMS gathers this information with any other data it has collected (depending on which system you have chosen).
  3. It calculates which rates will result in your optimal revenue.
  4. It provides the user with a file containing a list of suggested changes.
  5. The user views these suggestions and manually manages rates accordingly.

Two-way integrations

  1. Reservation and occupancy information is sent from your property to the RMS.
  2. The RMS gathers this information with any other data it has collected (depending on which system you have chosen).
  3. It calculates which rates will result in your optimal revenue.
  4. It pushes these rate changes to Commander.
  5. You are prompted to accept or reject the suggested changes.
  6. If you accept, your rates are automatically updated and no manual changes are necessary.

Learn more about different revenue management systems, the data they take into account, and whether they are one-way or two-way integrations.

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