Revenue Management Software
The simplest and most effective Hotel Revenue Management Software with Dynamic Pricing
Flutro provides the most effective revenue management system for hotels or vacation rentals that uses AI and dynamic pricing to help you maximize profits.
Flutro Revenue Management Software uses several external & internal factors to set the right price at the right time to get higher Revenues & ADRs (Average Daily Rates).
Flutro Revenue Management System can integrate with hotel channel managers & Property Management Systems (PMS) OR also provide All in One System in a box that includes all required modules.
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Why is Flutro the Best Revenue Management System
Flutro provides a unique & most effective hotel revenue management software that can help a hotel increase revenues effectively.
- Uses dynamic pricing to calculate real-time rates
- Rates can change multiple times a day automatically
- Algorithm uses superior automation & AI
- Both internal & external factors are used to calculate rates dynamically
- Connects with Channel Manager to update rates instantly
- Rates for all rooms & rate plans are linked with each other
- Forward Rates can be updated for more than a year forward
- Superior Analytics & Reports to help analyse data & trends
What are unique features in Flutro Revenue Management Software
Flutro Revenue Management System contains some unique and best in class features that make itone of the most suitable for hotels to maximize revenues:
- Every room can be sold at different price (linear occupancy based pricing instead of slab based pricing)
- Automatic overbooking of lower category rooms to maximize occupancy (inventory reallocation)
- Time based factors can be used for last minute bookings (last 48 hours) to increase or decrease rates automatically based on occupancy
- The booking window for dynamic rates can be defined to any number of days. It can range from as low as 7 days to up to 2 years
- Weekday weightage: Each of day of the week can be configured to adjust the rates according to market needs.
- Datewise / Season factors: There are several specific dates / long weekends / seasons that need to be specified in the system which needs adjustment of rates (for example: conferences, events, weddings, etc).
- Month-wise factors: Most hotels have seasonal business and the rates have to be adjusted for each month depending on market conditions and competition.
- Minimum & Maximum Thresholds: The algorithm needs to be define minimum and maximum threads for each room, rate plan. These thresholds can be overridden / adjusted for specific dates that can override the overall yearly configuration.
- Each rooms and rateplans can have dynamic pricing that can be linked either based on fixed differential amounts, or % amounts from the base rate.
- Competition based pricing can be used to either adjust rates higher or lower than predefined thresholds.
What is revenue management system for hotels?
Revenue management for hotel is the process of deciding the right price to sell a room to the right customer at the right time, through the right channel. The process of deciding this right price, and ensuring this price is propagated to all relevant channels through the use of right software, is what makes the revenue management department of the hotel.
The purpose of revenue management is to maximize revenues (RevPAR – Revenue per available room), which means striking the right balance between occupancy and ADRs (Average Daily Rates).
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Why is revenue management important for hotels?
Revenue management is one of the important functions of any hotel and it can be the difference between success and failure. Hotel rooms are perishable inventory, which means if they are not consumed they are lost forever.
Hence, It is extremely important for hotels to choose the perfect revenue management software that can assist them the right price to ensure that they are neither underselling their rooms, nor overcharging for them to compromise on their occupancy. Finding the right balance between occupancy & ADR is the key challenge of hotel revenue management.
Property Management
System (PMS)
Hotel Website
Booking Engine
Reviews Manager
Analytics & Reporting
Competition Rate Shopper
Commission Tracker
Direct Feedback System
Meta-Search Manager
OTA Management
Channel Manager
Accounting Support
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Client Reviews
Our experience with Flutro PMS, booking engine, and channel manager has been excellent. The platform integrates everything seamlessly, with real-time automation saving time and boosting revenue.
GM, Sandpiper Hotel
Singapore
We use Flutro property management system at MCM Lotus Hotel. Its easy to use, everything is interlinked and get all the data at one place. Highly recommended!
Owner, Hotel Shiv Shakti
Bhopal, India
Flutro is software equipped with latest technology, plug and play business model & truly a one-stop solution. Whether you're new or operational property, Flutro is the ultimate choice as its backed by a seasoned hospitality professional.
Owner, Ocean Sands Residency
India
Flutro offers the best value-for-money hospitality tech I’ve used. Their PMS, Channel Manager, and POS are simple and intuitive. Truly a reliable solution for hoteliers
MCM Hotel Lotus
Jigjiga, Ethopia
Being new to the hotel industry Flutro team guided us thoroughly. Today we use Flutro in many ways and are very happy with their support and involvement.
Assuroomz
Pondicherry
We are using Flutro All in One for over 5 year. Their AI-powered dynamic pricing updates multiple times a day based on many factors, helping us achieve 20–50% higher revenue in our business.
Build My Revenue
Hotel Consultants India
The Flutro software is reliable, efficient and easy to use which has helped in improving our overall experience and business operations.
Anand
Canada
Flutro has been a game-changer for our business! Their RMS product gives the real-time insights to significantly boost revenue. Highly recommended for properties looking to boost their business.
MGH group
Bangladesh
Flutro has user friendly interface, is cost-effective with an excellent Channel Manager and interlinked booking management system.
Budget Hotel
Hyderabad, India
What are the guiding principles and keysecrets to revenue management for hotels?
Follow the below guiding principles to ensure you can do optimum revenue management for your hotel:
· Assess the market demand & potential to fulfil that demand.
· Evaluate whether your property is within a monopolistic market (limited options to customer) or competitive market (excessive options to customers)
· Understand the price elasticity (sensitivity) of demand. In other words, how much additional demand will be generated for hotel lower price.
· Assess what is the peak price that customer is willing to pay during the high demand period and at what level does this plateau out.
· Keep fine tuning the algorithm to experiment the price sensitivity.
· Evaluate the variable and fixed cost of servicing a room.
· Determine the minimum and maximum rate price band for your property (beyond which either it is unviable for both hotel and customer).
Experiment with revenue management system to determine the best pricing strategy.