technologyeHotelier··1 min·For: Owner, GM, Revenue, IT
RoomPriceGenie Adds Price Explanations for RMS Transparency
RoomPriceGenie has launched a new transparency tool that provides plain-language explanations for its revenue management system's pricing recommendations. The feature aims to build hotelier confidence and identify property settings that may be limiting revenue potential.
Key Takeaways
- 1Utilize the new 'price explanations' feature to view plain-language reasoning behind automated rate recommendations.
- 2Identify revenue-limiting factors by monitoring how fixed prices or pricing caps interfere with market-driven demand signals.
- 3Leverage the tool as an educational resource to improve commercial instincts and revenue management expertise among staff.
Source: eHotelier
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