Discover top hotel property management systems at OTALyst. Improve operations, reservations, and guest management with efficient PMS solutions. A hotel PMS (acronym for: Property Management System) is a solution developed specifically to replace those complex Excel sheets you’ve been using to manage your daily hotel bookings, room inventories, billing, etc.
To put it simply, a hotel PMS combines a range of core functions performed at the front desk and back office in a single software.
There are a vast amount of PMS providers available online – it’s a jungle out there! The software’s long-term benefits are well worth the small initial investment.
It can be overwhelming to find the right PMS for your property. Therefore, it helps to understand every detail on the subject before you make a choice. Here, we’ll dig deeper into what’s a hotel PMS, its multiple integrations, pros, cons, and everything else you’d want to know.
Let’s take a look!
What is a Hotel Property Management System (PMS) and Why use One?
A hotel property management system is a software solution that helps you manage reservations, front desk operations, channel management, housekeeping and maintenance management, invoicing and billing, and more.
If you want to improve efficiency in these operations while ensuring seamless integrations with the latest hotel technology, a hotel property management system is a must for your hospitality business.
Do you want to gig deeper in the subject? Here’s everything you need to know about Hotel Property Management Systems.
What Integrations Should a Property Management System Offer
When it comes to integrations, a hotel property management system should work smoothly with a range of technology solutions.
The most important ones include: the Channel Manager, the Booking Engine, the Revenue Management System, the CRM System, the Point-of-Sale System, the Kiosk System, the Access Control System, and the Payment Platform.
A good understanding of these integrations lets you manage the PMS in a much better way.
What are the Main Benefits of Using a Property Management System
Whether you consider improved efficiency, better handling of inventory, enhanced guest experience, or focus on guest interactions, a property management system offers numerous benefits to ensure you’re able to directly impact sales and revenue.
In recent times, using a PMS has been crucial to grow your hotel business. Here are the main benefits!
Most Important Functions & Features of a Hotel Property Management System
While features are the marketed terms often used to create hype around the product, functions are what actually solve the problem.
Modern-day property management systems offer a range of functionalities, such as intuitive interface, desk operations handling, extensive back-office management, security management, and more. Here are the important features and functions you should consider while choosing a hotel PMS.
What the the cost of a Hotel Property Management System & Buying Tips
The cost of a hotel property management system depends on several factors, including features, functionalities, add-on modules, size of property, implementation cost, training cost, etc. Want to know the exact pricing basis your property size? Here are some details to give you an idea about what to expect in terms of cost.
How to Choose a Hotel Property Management System
This is perhaps the most important decision you’ll come across while trying to improve business operations. With a range of options available in the market, it can be overwhelming to choose a property management system.
It’s important to define your objectives, conduct an assessment, understand legal requirements, decide a budget, and consider other factors. With some clarity about the basics, you can easily get started!
Tips for Choosing the Best Hotel Property Management System
Once you’ve done your research, it’s time to choose a solution for your property. This is the time when you need to consider the functions available and how they’ll help your business improve operations and efficiency.
Integrations, Return On Investment (ROI), Automation, Staff Training, and other factors play an important role in making the final choice. Do you think you’d want to use these 8 tips to choose a PMS? We’re glad to share them with you!
Top 10 List of the Best Hotel Property Management Systems
So we’ve already tried to help you make an informed choice while choosing a hotel property management system. Still, there are literally hundreds of PMS solutions for hoteliers. At times, the search for one can be overwhelming. Why don’t you checkout the most popular hotel PMS solutions sorted in terms of popularity from our marketplace?
Better yet, just browse OTALyst Marketplace to get in touch with vendors and get demos of the solutions that suit your need best. If you’re still confused, talk to a hotel expert and we’ll help you find a suitable PMS for your property.
We hope the information in here will help you make a good choice in selecting a hotel property management system. Our goal is to make sure hoteliers are always informed of industry trends, latest technology solutions, and everything else that could help boost sales and revenue. Why don’t you go ahead and check the resources in our academy to know more about, well, everything related to hotel business. See you there!
Tools like PMS (Property Management System) and CM (Channel Manager) only assist lodging establishments in operating more simply, saving time, and being more efficient compared to not using them. However, that is not the root of growth or the challenges faced in the accommodation business. If you want to effectively manage OTA channels and create stable growth, you should have a clear understanding of how OTA platforms operate, such as their nature, operational models, and how they display, calculate displayed prices, and collect prices (after deducting commissions). Of course, larger hotels that want to approach it systematically will do it synchronously from the beginning, but smaller lodging establishments wanting to reduce operational costs should overlook it and focus on optimizing display and providing outstanding customer care.
Synthesized by: OTA Lyst
