What are unique features in Real Space Revenue Management Software

Real Space Revenue Management System contains some unique and best in class features that make it
one of the most suitable for hotels to maximize revenues:

• Every room can be sold at different price (linear occupancy based pricing instead of slab based pricing)
• Automatic overbooking of lower category rooms to maximize occupancy (inventory reallocation)
• Time based factors can be used for last minute bookings (last 48 hours) to increase or decrease rates automatically based on occupancy
• The booking window for dynamic rates can be defined to any number of days. It can range from as low as 7 days to up to 2 years
• Weekday weightage: Each of day of the week can be configured to adjust the rates according to market needs.
• Datewise / Season factors: There are several specific dates / long weekends / seasons that need to be specified in the system which needs adjustment of rates (for example: conferences, events, weddings, etc).
• Month-wise factors: Most hotels have seasonal business and the rates have to be adjusted for each month depending on market conditions and competition.
• Minimum & Maximum Thresholds: The algorithm needs to be define minimum and maximum threads for each room, rate plan. These thresholds can be overridden / adjusted for specific dates that can override the overall yearly configuration.
• Each rooms and rateplans can have dynamic pricing that can be linked either based on fixed differential amounts, or % amounts from the base rate.
• Competition based pricing can be used to either adjust rates higher or lower than predefined thresholds.