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Article - Rate Yield RMS Launches Cloud Version, Empowering Hotels with Greater Flexibility and Efficiency in Revenue Management - With this new cloud-based solution, hotels will be able to seamlessly manage their pricing strategies while accessing real-time data and insights that are crucial to maximizing their revenue potential.
The hotel industry wants to modernize the tech systems it uses to operate, and Oracle Hospitality is focused on making that shift happen.
Club Quarters Hotels has been a well-known hotel brand for over 30 years that caters to the business traveler segment. In more recent times, thanks in part to COVID, their model has pivoted to attract leisure travelers who were visiting their destination cities.
As the hospitality industry continues to evolve and adapt to changes in technology, staff behavior, and the macro environment, it's crucial for hotels to stay ahead of the curve in order to boost revenue and stay competitive. From high employee turnover to the impact of COVID-19 on bookings and guest expectations, there are a variety of challenges facing hotels today. However, by identifying and implementing the right solutions, general managers can ensure their hotels succeed while others struggle.
Two RKS Hotels Group Ltd. properties in Alberta, Canada, will go live with PVNG by Aptech this month. The enterprise accounting solution will automate all general ledger, accounts payable, statistics, financials, and bank reconciliation processes in the cloud for the Four Points by Sheraton Edmonton South and the Travelodge by Wyndham Edmonton West hotels. Aptech is an IBM and Prophix business partner offering web-enabled business intelligence, budgeting, and back office systems that are 100% hospitality specific.