Hotel rate management
You don’t need a degree in advanced mathematics for successful rate management. You just need Mews' hotel rate management software to optimize your inventories and maximize your profits.
Your rates, your rules. Create and customize product rates and rules to suit your property, including special deals, dependencies, and restrictions. The Mews hotel yield management tool is easy to use, flexible, and will help to deliver growth for your business.
Easily set up the base price of a rate to ensure minimum space income.
Create space categories so that you can adjust prices for all spaces in that category at once.
Price override rules
Override rates for specific dates, days of the week, and space categories for more revenue control.
Create a base rate and link to other rates, so base rate changes will also reflect in dependent rates.
Flexible pricingAutomatically adjust rates based on set parameters such as occupancy level or specific holidays.
Mews hotel revenue management software makes managing package rates simple by automatically adding products to create packages within the reservation. You can set up your own product rules and the rates included within each product, driving revenue by giving guests a choice of booking options.
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“I got around £10 average rate growth in the first two months just by having the ability to flex rates in such an easy way. With Mews, it was just very simple, very easy.”
Owner, The Old Stocks Inn
What is rate management software, and how does it benefit my hotel?
Rate management software empowers hotels to optimize their pricing strategies, maximizing revenue and occupancy. Through automation, hotels can dynamically adjust rates based on various attributes and available inventory. By setting rules, the system effortlessly adapts to changes, eliminating the need for manual updates. This automation enables hoteliers to attract diverse guest segments and create enticing pricing offers, including packages and business accounts. Furthermore, the software's automation enhances staff efficiency, leading to cost reductions.
How does this software integrate with my hotel's existing reservation system?
Rate management software from Mews integrates seamlessly with Mews PMS. The integration means rate updates happen in real time and across all platforms. You can relax knowing your rates are consistent everywhere they appear. And as for efficiency? That’s covered too. Your rate management system also works automatically to save time and take human error out of the equation.
Is rate management software suitable for different types of hotels and properties?
Absolutely. Rate management software from Mews is flexible and versatile and can adapt to fit the needs of any type of accommodation. Whether you have a cozy boutique hotel, a sprawling chain, or a dreamy resort. It's also scalable, and can adjust to changes in your business goals or the marketplace.
What should I look for and what makes rate management software from Mews different?
When selecting rate management software, it is important to take into account various features. These include reporting, the ability to integrate with existing systems, how intuitive and easy to use the interface is, and how easy it is to customize to meet your needs. One of the most important things to look for is the flexibility of pricing rules and whether it supports multiple currencies. At Mews, our goal is to continuously find new ways to add automation that can save your staff time, increase revenue and deliver great guest experiences. Our rate management software does that with a simple interface and efficient ways to manage restrictions.