Why Hotels need Channel Manager?

In today’s tourism sector, OTAs are playing a major role and big OTAs like Expedia and Booking.com have dominated the travel market. So, it is a must for hotels to opt for OTA services. Additionally, it is not possible to get enough bookings from one OTA, so now hotels must connect with multiple OTAs which makes it difficult to manage the inventory manually. Hence comes the role of a Channel Manager.

A channel manager helps you to implement yield management techniques effectively i.e. to sell the right room at the right time at the right price on the right channel.

Channel Manager helps to boost occupancy rate. It pushes room inventory and automatically updates all rates in respective OTAs in real- time.  Even a channel manager gives more opportunities to hoteliers to connect with more OTAs to expand visibility and earn more revenue.  Room rates and availability get updated across all platforms in real-time. Along with Channel Manager, a hotel can connect with more systems like PMS, GDS, RMS, CRS, Rate Shopping and Meta Search sites.

Key Benefits of using a Channel Manager -

• ·         Manage availability and rates for OTAs from one dashboard
• ·         Efficiently close availability at the click of a button across all channels
• ·         Expand online visibility by selling on multiple channels
• ·         Maximize hotel revenue by smart management of rate
• ·         Increase occupancy level with clever distribution strategies
• ·         Eliminate overbooking situations by using pooled inventory feature
• ·         All updates made in real-time without logging into multiple extranets
• ·         Bookings from channels delivered directly into PMS
• ·         Inventory status always up to date in the PMS
• ·         More time to focus on strategies rather than updating channels
• ·         No risk of human errors when updating rates or inventory on channels

A Channel manager also helps you to connect to channels that bring more business to your country – thereby putting your hotel in front of international travelers. Considered one of the best hotel channel manager in the market, RateTiger is integrated with more than 350 OTAs and working closely with 9000 hotels globally. It is the connectivity partner of choice for large hotel groups, mid-scale chains as well as independent properties in both luxury and budget segment worldwide providing solutions through its core product brands – RateTiger and LiveOS. 

Features One Should Look for in Hotel Management Software

Technology and its rapid development are driving every industry and hotel industry is also not left out from the group. Different kinds of software programs are used to ensure that all operations are carried out smoothly. It is true that hotel industry largely relies on skills and service but technology too plays a significant role in this service industry. There is hotel operating system software that takes care of different operations.

Now, hoteliers look for an integrated software system that can not only simplify all operations but also offer a single solution to all problems. Well, this is not always possible. However, there are certain essential things that one can expect from a software system.

Cloud-based or On-premise Model – Primary Concern for Hoteliers  

The very first concern is whether the software system will be cloud-based or on-premise. Cloud-based models are idea for start-ups and small hotels because they are affordable and do not require technical support or regular software updating. There are no hidden charges in this model. One drawback of this system is data security. Data security can be a challenge for hoteliers in cloud based management software.

On-premise hotel management software system is a good choice for hotels having sufficient in-house support of technical professionals.

Expectations of Hoteliers from a Hotel Operating System 

Pricing – It should have a robust algorithm that can provide quality pricing, recommend target of the management and set a budget.

Front office operations – The software should be able to manage all front office operations in a seamless manner.

 Easy to use – is it of any use to hire or install a software that is hard to use. Features of a software system should be such that hotel management professionals can effectively and easily run. They do not have to consult tutorials every time.

Information about reservation – The system should be the best hotel booking management software that can inform about actual reservations precisely.

Detailed reporting – The operating system should provide data reporting and save time and energy in getting manual reports. All sales revenue and data should be clearly presented.

Data security – This is a crucial aspect of any management software program. The system should ensure that data of the guests are completely secured and there is no fear of losing critical business data to competitors.

These are certain functionalities that every quality software program used for hotel management should have. Hoteliers will never like to compromise with their services. Visit https://www.erevmax.com/liveos.html for more details.