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Throughout the last century, the role of hotel revenue managers revolved around one goal: optimizing room inventory to maximize profitability. While the core objective remains, modern tech solutions have propelled revenue management beyond traditional boundaries. The focus has shifted to better space utilization and diverse revenue streams. Welcome to hotel revenue management 2.0.
A recent study by Regional Research Reports concluded that in 2022, the global Hotel Revenue Management Systems (RMS) market was valued at millions of USD and was projected to reach multi-millions of USD by 2033. And there are reasons we’re seeing such a rapid rise in demand: Next-generation RMSs.
Trump International Beach Resort in Miami has selected Aptech to gain access to the financial information it needs to make effective business decisions. The popular luxury destination is leveraging the complete portfolio of Aptech solutions – PVNG, Execuvue, and Targetvue – to streamline all enterprise accounting, business intelligence and budgeting and forecasting processes, making the property more financially efficient than ever before.
Article - Trump International Beach Resort Leveraging a Trifecta of Financial Management Tools to Optimize Operations - The four-star luxury resort in Miami says the customer service and support for Aptech's enterprise accounting, business intelligence and budgeting and forecasting software is 'Outstanding'
Mews, the industry-leading hospitality cloud that was recently named the World’s Best PMS Provider, has reached a significant milestone in the successful rollout of its Property Management System (PMS) across all Strawberry Hotels. The largest hotel group in the Nordic region, with over 225 hotels and 18,000 employees, chose to migrate to Mews because of the platform's flexibility, scalability, and security.