10 Signs Your Hotel PMS System Need an Upgrade or Replacement
With so many options available to customers for booking a hotel, it has become essentials for hotel owners and managers to keep pace with the changing demands and growing competition in the industry. If you own a hotel, it’s time to assess the capabilities of your hotel property management system . Here are 10 signals that your hotel PMS system needs a replacement. #1. Declining hotel ROI Study the ROI by month, season, and year. If you see a constant decline in the hotel ROI, then it means something is rotten in the state of Denmark. The loopholes can lie with customer acquisition, hotel room occupancy, operational excellence, or guest experience management. Chances are high that your hotel PMS is not complementing the principles and goals of your business. For example, the above or below average pricing of a hotel room can lead to loss. When you ask for above the average, it kills the occupancy rate, but when it's otherwise, your profit t...