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Revenue Management Systems transform internal and market data into recommendations for pricing optimization and may play a key role in the performance of your location.
Classifications: (what is this?)
- Category Size: Medium
- Geographic Dispersion: Medium
- Requirements Complexity: High
Industries Covered:
- Primary: Hotel, Restaurant
- Secondary: Vacation Rental, Spa, Golf
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Capsolve’s Research on RMS Solutions includes:
- Solution Styles
- Core Capabilities of Solutions
- Sales & Marketing Considerations
- The Ecosystem of Solutions and
- Current Trends
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Definition
A Revenue Management System (RMS) consists of a system for setting and adjusting the pricing of consumer products and services (i.e.: hotel rooms, restaurant meals, rounds of golf, spa visits and other amenity purchases) given past and current supply, demand and other key influencing factors. Many RMS solutions track these necessary inputs and provide controls to make or recommend prices and restrictions of various types. These systems are usually applied most effectively to businesses transitory goods and services.
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About this Report
This document details a review of the marketing information and capabilities associated with this category’s solutions and the surrounding technology ecosystem. It contains original content written by Capsolve to provide a perspective of current trends affecting one or more of the hotel, restaurant and golf & country clubs industries. The analysis covers a statistically significant portion of the previously defined category marketplace.
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