Evaluate PMS revenue capabilities against your hotel’s actual rate and inventory workflows. Determine which systems control rates, restrictions, inventory and revenue decisions, then ask each vendor to demonstrate those workflows in your technology environment.
How are rates and derived rates managed?
How is inventory handled?
How does the PMS interact with the CRS?
How does it interact with the RMS?
How are restrictions and length-of-stay ruleshandled?
What forecasting information is available?
Chorum includes rate-management functionality. Its documented positioning also highlights mobile rate monitoring, a daily rate calendar and derived-rate workflows. Validate any advanced requirements during the sales process.
Do not let a vendor simply check “revenue management” on a requirements sheet. Make the vendor demonstrate your workflow.