Revenue Management System
A Revenue Management System comprises planning, forecasting and reporting functionalities for better allocation of resources. The forecasting can be done based on historical data, advance bookings, algorithms applicable for rooms in case of Hotels, Food & Beverage, seat bookings in case of Airlines , Restaurants with a remarkable accuracy of +/-5%. The reporting functionality will generate dynamic reports weekly, monthly, quarterly, and yearly in addition to as and when required.
HCL helped a leading Hotel Chain increase uptime of its Revenue Management Applications from 97% to 100%.