Revenue management plays a massive role in the hospitality industry where hoteliers can adjust price strategy and increase bookings and occupancy. Proper tools at hand can help hotel owners make the right decision inside the hotel, according to the tendencies on the market, customers’ preferences, and seasonal changes.
Optimizing the best revenue management software for hotels involves the incorporation of effective analytical tools with the simplest interface to plug-in for the control of the Hoteliers revenue strategy. The present article aims at reviewing the key revenue management systems for hotels and providing an understanding of their functions, values, and impact on revenue increases.
Whether you are searching for cloud solutions for best revenue management software that will fit into your existing IT environment, this guide will show you what is available in 2025.
What to Look for in Revenue Management Software
When choosing the best revenue management software for hotels , consider the following key factors to ensure it meets your specific needs:
- Ease of Use: Users should not require any extensive training to master the use of the software. It should be easy to manage so that you can quickly make variations to the prices and even to monitor results.
- Integration with Existing Systems: Make sure that the software works in sync with your property management systems, channel manager, and other enabled tools. This does away with the chances of having to key in information manually and reduces chances of making mistakes.
- Data-Driven Insights: Choose software that provides an analysis of past trends and a forecast of future events in real-time mode. This helps you ensure that you set fair prices that you will be able to sell your product at after proving that your prices are favorable in the market.
- Customizable Pricing Rules: One intriguing aspect is that they need a more flexible pricing model. The software should enable one to set up rates on the basis of demand, time, and competitors’ prices in order to make more profits.
- Scalability: Select software solutions that can expand with your business. This means you want to make sure the tool can accommodate more rooms and properties as it grows no matter if you are a single hotel or a hotel chain.
Top 10 Best Revenue Management Software for Hotels
1. MakCorps Hotel Price API
Best Use: Ideal for small and medium-sized hotels focused on competitive pricing strategies.
Rating: 4.7/5
MakCorps Hotel Price API offers actual competitor prices, helping hotels to make changes to their rates instantaneously. This tool aids properties in following the market trends and price offered by competitors and thus enables the properties to set good prices. Since MakCorps can be easily integrated with current PMS, it will be updated automatically meaning that prices will also remain competitive.
It is an ideal solution for small to medium-sized hotels which want to increase revenue without much attention to the process.
Key Features:
- Real Time Hotel Price Comparison
- Multi Language Support
- Api Integration
- Customizable Search Filters
- User Friendly Interface
- Mobile Compatibility
- Secure Payment Gateway
- Booking Management
- Customer Support
- Detailed Analytics
Pros:
- Accurate and detailed pricing insights
- User-friendly interface
- Affordable pricing plans
Cons:
- Limited additional features compared to full-suite solutions
- Requires integration for advanced usage
Pricing
- Free
- Basic: $350 Per Month
- Advance: $500 Per Month
- Enterprise: Custom Pricing
Website:
- https://makcorps.com/
2. Duetto
Best Use: Best for large chains looking advanced revenue management software for hotels .
Rating: 4.8/5
Duetto is an online tool that manages revenue in the hospitality industry for the purpose of setting reasonable hotel rates. Through dynamic pricing and better forecasts, Duetto assists the hotel to make better decisions on pricing and inventory based on data and conditions that are current.
An open pricing model means that Duetto is flexible to work with any hotel management system and can be adopted by small, mid-size and large hotel businesses. It is perfect for organizations that want an advanced, all-in-one solution that comes with artificial intelligence.
Key Features:
- Open pricing strategies
- Data-driven forecasting
- Cloud-based platform
- Real-time Price Automation
- Group Booking Pricing Module
- Automated Recommendations
Pros:
- Highly scalable for all hotel types
- Advanced analytics for precise decision-making
- Seamless integration with PMS
Cons:
- Premium pricing may be a barrier for small hotels
- Steeper learning curve for beginners
Pricing
- Custom Pricing
Website:
- https://www.duettocloud.com/en-us/
3. Cloudbeds
Best Use: Ideal for small to mid-sized hotels and hostels looking for cloud-based revenue management software for hotels.
Rating: 4.6/5
Cloudbeds is an all-in-one revenue management softwarefor hotels built into it. This cloud based software facilitates dynamic price changes, channel management and real time data analysis. Cloudbeds is meant for independent accommodations and small hotel groups, it has an intuitive interface that allows for getting the most out of its features through revenue management, which helps to manage pricing and occupancy levels.
Cloudbeds’ easy-to-navigate platform and robust customer service make it easy to handle revenue issues, which is why it is suitable for properties that need more efficient ways to work.
Key Features:
- Cloud-based platform
- Channel management integration
- Real-time data tracking
Pros:
- Intuitive user interface
- Suitable for independent hotels
- Excellent customer support
Cons:
- Limited customization options
- Advanced features may require additional cost
Pricing
- Custom Pricing
Website:
- https://www.cloudbeds.com/
4. Atomize
Best Use: Perfect for hotels seeking automated revenue growth tools for hotels.
Rating: 4.5/5
Atomize is an automated revenue management software for hotels tool that fits into the artificial intelligence class of tools. It can help the hotel to gain more revenue by the dynamic pricing of hotel rooms, the availability of rooms, and its main competitors. Atomize is very effective, offering small and mid-sized properties the means of automating decisions on prices, demand and market trends.
The cloud-based platform easily connects with other property systems and is perfect for properties that want to make pricing easier and more profitable.
Key Features:
- Dynamic pricing updates
- AI-powered recommendations
- User-friendly dashboard
Pros:
- High accuracy in revenue predictions
- Real-time updates
- Affordable for small hotels
Cons:
- Limited advanced reporting features
- Requires stable internet connectivity
Pricing
- Custom Pricing
Website:
- https://www.atomize.com
5. FLYR
Best Use: Best suited for independent and mid-sized hotels.
Rating: 4.6/5
FLYR is a robust revenue management software for hotels application that has been developed to meet the profitability of business operations in the context of the current market trends by implementing real-time price adjustments. By using data and customer’s behaviour analysis, FLYR assists hotels to change room rates according to demand.
It is flexible, which means that it provides accurate forecasting and revenue management solutions regardless of the size of a property. The simplicity of the software and the practicality of the information enables hoteliers to make swift decisions that would help increase revenue.
Key Features:
- Real-time data analysis
- Cloud-based system
- Advanced reporting tools
Pros:
- Easy to set up
- Suitable for all hotel sizes
- Strong customer support
Cons:
- Limited integration options
- Requires ongoing data input
Pricing
- Custom Pricing
Website:
- https://flyr.com/pace-revenue/
6. Room Price Genie
Best Use: Ideal for Bed and Breakfast accommodation establishments and First Class hotels that want value for their money.
Rating: 4.7/5
Room Price Genie is a simple-to-use revenue management software for hotels tool suitable for small business such as hotels, bed and breakfast accommodation and guest houses. This feature effectively adapts the rate of the rooms to the market competitors and significantly increases the revenue without the direct intervention of the property.
It is easily interfaced with property management systems and gives real time updates. Room Price Genie is best for the small or mid-size hotels that need a cost-effective tool to improve the pricing model.
Key Features:
- Automated pricing adjustments
- Cloud-based accessibility
- Competitor price tracking
Pros:
- Affordable pricing
- Designed for small properties
- Minimal learning curve
Cons:
- It is not suitable for large scale operations.
- Limited advanced features
Pricing
- Starter: $119 Per Month
- Advanced: $159 Per Month
- Professional: $399 Per Month
Website:
- https://www.roompricegenie.com
7. IDeaS
Best Use: Designed for multiple hotels and resorts as a part of a huge hotel chain.
Rating: 4.9/5
IDeaS provides one of the strongest and flexible revenue management solutions in the world, based on the number of rooms sold and the application of artificial intelligence. That is why the IDeaS solution is widely used among large hotel chains as it is compatible with property management systems and central reservation systems.
It involves real-time data processing, ability to change price and reporting techniques that would be of benefit to hotels by increasing their revenues. It is suitable for large and luxury properties due to its scalability and more importantly for its sophisticated revenue management tools.
Key Features:
- AI-driven pricing strategies
- Extensive data analytics
- Cloud-based platform
Pros:
- Highly advanced features
- Excellent scalability
- Trusted by major hotel brands
Cons:
- Expensive for small hotels
- Requires technical expertise
Pricing
- Custom Pricing
Website:
- https://www.ideas.com
8. BEONx
Best Use: Ideal for the environmental friendly hotel that wishes to contribute to the conservation of environment.
Rating: 4.7/5
BEONx is a cloud-based innovative revenue management software for hotels solution that integrates artificial intelligence with sustainability. It enables the hotels to set the right price for their services and goods with an indication of the impact of the environment on the whole system and therefore beneficial for hotel owners who are keen on environmental conservation.
Through market data ingestion, customer data, and models, BEONx automatic price updates for a dynamic value proposition that enhances hotel business while focusing on sustainability. It is excellent for the hotels in every aspect, economic and social, and environmental.
Key Features:
- Eco friendly approach to raising revenues
- Advanced forecasting tools
- Integration-friendly
Pros:
- Focus on sustainability
- Comprehensive analytics
- Suitable for all hotel sizes
Cons:
- This product was only available occasionally in some parts.
- S steep learning curve of some of the advanced features
Pricing
- Custom Pricing
Website:
- https://www.beonx.com/
9. Smartpricing
Best Use: Ideal for single hotels and other small sized independently operating companies.
Rating: 4.5/5
Smart pricing can be described as a basic and inexpensive RMS that targets small and mid-scale hotel establishments. It enables properties to track the market and adjust the set rates of different rooms according to competitor rates.
The software has a simple design with real-time feeds so that the hoteliers can manage the prices with ease, with no much training needed. Smart pricing is suitable for independent hotels that seek an easy-to-implement and inexpensive method of improving revenues.
Key Features:
- Competitor analysis
- Cloud-based system
- Simple setup process
Pros:
- Affordable for small hotels
- Easy-to-understand analytics
- Effective customer support
Cons:
- Few functions for big companies
- Some tasks are automatically done but needs manual input at some point.
Pricing
- Custom Pricing
Website:
- https://www.smartpricing.it
10. Pricepoint
Best Use:
- Small hotels and B&Bs.
- Businesses that require a budget-friendly and that do not need the intervention of human personnel.
Rating: 4.5/5
Pricepoint is an automated revenue management software for hotels that has been developed for use in small and independent hotels. It incorporates what is called artificial intelligence to help determine the best rates to charge per room depending on availability, competitors’ rate, and the prevailing market trends.
There is a strong compatibility between Price Point and property management systems, whereby the firm undertakes pricing judgments to enhance revenues without direct human involvement. Because of its basic and inexpensive design, it has become especially attractive to owners of boutique hotels, bed and break, and small chains.
Key Features:
- For instance, the use of AI in real-time pricing changes.
- Real-time market analysis.
- Interoperability with PMS.
- Real time and fully automated Revenue Management processes.
- Intuitive user interface.
Pros:
- Affordable pricing structure.
- Easy to implement and use.
- Reduces manual work involved in pricing management.
- Gives practical recommendations on the strategies to follow in revenue management for hotels.
Cons:
- It has a rather limited set of available features in comparison to the advanced software that is available for business entities.
- Not very ideal for huge hotel conglomerates.
Pricing
- Free
- Real-time AI Fully automated: $7
- AI for hostels Fully automated: $100
Website:
- https://pricepoint.co/
Choosing the Right Revenue Management Software for Hotels
When selecting the best revenue management software for hotels, keep these considerations in mind:
- Hotel Size and Type: The size and purpose of the property set you back define the kind of software you require. A smaller hotel, for instance, a boutique hotel may be satisfied with a basic instrument such Smartpricing, while a huge chain would be better to use more complex systems such as IDeaS.
- Budget: Select a system which is within your means. There are always affordable software options that meet even the needs of small hotels while including features of powerful tools.
- Customization Needs: Every hotel has unique needs. Choose a package that lets you manage pricing, reporting and forecasting to the nature of your market and guests.
- Cloud-Based Accessibility: Choose cloud-based solutions for revenue management that provide real-time data update and access capabilities to have an opportunity to make changes from time to time even if you are not a local.
- Customer Support: Customer relations need to be strong and this is important during the implementation process. Make sure the software provider is ready and willing to be of assistance with responding to all your questions.
Conclusion
When it comes to competition in the hotel industry, the best revenue management software for hotels is pivotal in propelling greater operating revenues to make more profits and sustain the competition. This way, you can select the option that is convenient to use, compatible with other platforms, and provides real-time analysis of the company’s pricing policies and its operations. There is a variation of solutions for hotels, ones for bigger chains such as Duetto, IDeaS, Cloudbeds among others and ones for independent hotels.
It is quite crucial to invest in a proper hotel revenue management software that will assure proper decisions on the circumstances of the market and the desires of the guest. By using the most appropriate software, you will be able to increase the revenue, customer satisfaction, and reduce the daily work which will help you have a long-term success of your hotel.
FAQs
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What do you understand about revenue management software?
Revenue management can be done using software that collects information from customers to help hotels determine the right prices to charge for their services to gain optimum occupancy.
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Can revenue management tools in the cloud be trusted?
Yes, they provide features of real time update, availability and integration.
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What must I consider when selecting the right revenue management software for the hotel?
It’s important to consider capability (big or small hotel), available funds, and special requirements for selection.
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Are revenue growth tools for hotels affordable to small hotels?
Yes, indeed there are like Smartpricing and Room Price Genie.
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Is there a need for technical skill in order to use the best hotel revenue management software?
It is usually easy to manoeuvre the tools; however, complex systems may need orientation in the first instance.
