Modern hoteliers are realizing that the hallmark of a successful hospitality business is revenue. In order to stay ahead of the market competition, revenue management teams in the travel and hospitality industry are not only identifying trends that redefine hotel revenue management but also looking for the most effective revenue-increasing strategies.
The rise of specialist revenue management software and other tools like upselling software is significantly attracting the attention of hotel revenue managers. At the same time, business intelligence software helps facilitate and support data-based business decision-making, opening newer opportunities for hoteliers to manage and generate revenue. With robust data analytics, revenue managers can define strategies according to the present market situation, future demand, and other critical parameters to improve business outcomes.
As such, the technological progression in this arena has opened up a universe of new possibilities for revenue management service companies to develop and introduce innovative services. This implies that travel and hospitality players looking for competent revenue management service companies are faced with a plethora of options. To make this task easier by assisting CIOs in identifying the right revenue management service companies, Travel and Hospitality Tech Outlook presents to you “Top 10 Revenue Management Services Companies – 2022.”
A distinguished panel comprising CEOs, CIOs, VCs, Analysts, and the Travel and Hospitality Tech Outlook editorial board has selected the top revenue management service companies. In our selection process, we looked at the company’s offerings, core competency, news/ press releases, client testimonials, milestones, and other recognition.