Understanding revenue management integrations for Mews Operations

Mews Marketplace

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.

 

In this article you can learn about:

 

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 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 Mews Marketplace. The RMS puts this data into its algorithm, which forecasts occupancy and calculates the rates which  optimizes your revenue accordingly.

 

How an RMS 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 Mews Operations.

 

One-way integrations

  1. Your property sends reservation and occupancy information 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 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. Your property sends reservation and occupancy information 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 rsult in your optimal revenue.
  4. It pushes these rate changes to Mews Operations.
  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.

 

Atomize RMS by Mews

Atomize is a leading Revenue Management System powered by Mews. Its revenue optimization tools empower businesses from within the Mews ecosystem. By delivering precise pricing recommendations, Atomize helps properties maximize revenue, improve occupancy, and respond quickly to market changes.

 

With Atomize, Mews customers can optimize pricing across all distribution channels, streamline operations by reducing manual work, and unlock upselling opportunities, ensuring they stay competitive and profitable in the fast-paced hospitality industry

 

You can learn more about connecting integrations here.

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