LodgIQ Releases Comprehensive Guide to Help Hoteliers Choose Revenue Management Systems, Highlighting Market Changes and Cost Reductions
📈 Hotels facing unpredictable booking windows, with 30% to 50% of reservations within 30 days, and using manual processes lose an estimated 20-40 hours monthly. Transitioning to an automated RMS can boost RevPAR by 15-20% and cut setup costs from $30,000-$50,000 to $7,000-$10,000. Ongoing fees are $6-$10 per room monthly. Errors in 80% of spreadsheets and lack of trust in RMS systems highlight the need for trustworthy AI platforms. A new guide aids in RMS selection.
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