What is the definition of Revenue Management Dashboard in the hotel industry?
The word Revenue Management Dashboard, refers to the graphical customer edge that is capable to offer at-a-glance view of key presentation indicators (KPIs) related to business procedures. Sometimes the expression dashboard also refers to “Progress Reports”.
Today’s best-in-class Revenue Management System (RMS) exhibition information in a dashboard arrangement to offer users with quick imminent into their past and future business performance. The control panel allows you insights into key data required to appraise your hotel’s wellbeing and help make income decisions for your properties.
Depending on the dashboard, it may comprise calendar views with temperature maps that visually identify future dates with high or low tenancy levels. This makes it easy to mark any date ranges that need extra concentration or inquiry with a rapid glance. General managers can profit from checking here for daily occupancy checks and sales managers often reference this in combination with incoming group housing requests.
Navigating throughout an insightful and interactive RMS dashboard deliver core members of hotel operational teams with the key revenue management insights they require to put together revenue management strategies into their own division processes.