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Hotel revenue management software solves the problem of setting optimal room rates and maximizing occupancy across seasons, which frees up your team to focus on enhancing guest experiences and boosting long-term loyalty. Managing fluctuating demand and market shifts can be challenging, but the proper inventory tools improve forecast accuracy and increase profitability.

In this article, I compare and review the best hotel revenue management tools to support your buying decision.

Best Hotel Revenue Management Software Summary

Best Hotel Revenue Management Software Reviews

Best for automatic rate optimization

  • Free demo available
  • Pricing upon request
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Rating: 4.2/5

roomMaster HMS by innQuest is a comprehensive property management system designed specifically for hotels. It provides a range of tools to help you manage day-to-day hotel operations, from front desk tasks to guest services. Whether you're running a small boutique hotel or a large property, roomMaster is built to support your team with managing reservations, guest check-ins, and billing. 

Why I Picked roomMaster HMS: It offers built-in revenue optimization tools that automatically adjust room rates based on demand, helping you maximize occupancy and income.

With its rate management tools, you can quickly implement yield management strategies by setting up rules that control room pricing depending on factors like occupancy rates or seasonal changes. The system also provides detailed reporting that helps you track financial performance.

Standout features & integrations:

Features include its direct booking engine lets you accept reservations through your website, reducing reliance on third-party channels. The built-in housekeeping management feature makes it easy to assign tasks to staff, track room status, and ensure timely room turnovers. The mobile app allows your team to manage guest check-ins, check-outs, and housekeeping duties on the go.

Integrations include AdriaScan, Amadeus, H&L, Sage, Triptease, Windcave, Airbnb, Booking.com, Expedia, QuickBooks, Alpharooms, Bookeasy, and Hotwire.

Pros and cons

Pros:

  • Prevents overbooking through channel management
  • Easy integration with OTAs and direct website booking
  • Includes tools for revenue optimization and dynamic pricing

Cons:

  • Limited customization options for some features
  • Initial setup can be time-consuming

Best for small hotel management

  • 30-day free trial
  • Pricing upon request
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Rating: 4.5/5

Little Hotelier is a property management system specifically designed for small hotels, bed and breakfasts, inns, hostels, vacation rentals, and other small lodging establishments. It offers a suite of tools specifically tailored to the needs and resources of smaller operations, which is why it earns the title of best for small hotel management.

Why I Picked Little Hotelier: I picked Little Hotelier because its features and pricing structure are uniquely fitted to small-scale establishments. It's a powerful tool that helps small hotels compete in the market without requiring resources akin to larger chains. Therefore, I found it to be the best fit for small hotel management.

Standout features & integrations:

Features include front desk management, reservations management, and a robust online booking system.

Integrations include leading OTAs and GDSs, helping small hotels maximize their reach without heavy investment in separate marketing tools.

Pros and cons

Pros:

  • Includes a robust online booking system
  • Provides integration with leading OTAs and GDSs
  • Tailored to the needs and resources of small hotels

Cons:

  • Annual billing cycle may not be suitable for all businesses
  • Lacks some advanced features available in systems designed for larger hotels
  • Pricing may be high for very small establishments

Best for extensive integrations

  • From $5/user/month, (billed annually).
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Rating: 4.3/5

WebRezPro is a cloud-based property management system that enables hoteliers to manage their operations online, including reservations, accounting, and front- and back-office procedures. Its capability for extensive integrations sets it apart, making it ideal for those who value interconnected systems for improved workflow.

Why I Picked WebRezPro: I chose WebRezPro for its comprehensive suite of features and its impressive ability to integrate with a vast range of third-party systems.

Its capability for extensive integrations effectively creates a centralized hub for hotel operations, making it ideal for those who appreciate an integrated approach to hotel management.

Standout features & integrations:

Features include an integrated web reservation engine, a commission-free booking engine, and guest relationship management.

Integrations include over 100 systems, including OTAs, POS systems, payment gateways, and electronic locks.

Pros and cons

Pros:

  • Has a commission-free booking engine
  • Offers extensive integration capabilities
  • Provides a comprehensive suite of features

Cons:

  • Pricing is on the higher end for smaller establishments
  • May require time to understand all features
  • Interface can seem outdated

Best for property management functionality

  • Pricing upon request
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Rating: 3.8/5

Guesty is a comprehensive property management platform designed to handle the complex operations of property management companies. By incorporating an extensive set of tools for managing, marketing, and analyzing rental properties, it's particularly useful for those seeking powerful property management functionality.

Why I Picked Guesty: I chose Guesty due to its broad range of property management features, which cater to the complexities of managing multiple properties. Its comprehensive solution makes it distinct in the market, providing capabilities from task automation to guest communication.

These aspects are why I find it best for companies seeking top-notch property management functionality.

Standout features & integrations:

Features include a unified inbox for guest communication, multi-calendar to manage multiple properties, and robust automation tools.

Integrations include leading online travel agencies, payment processing services, and operation tools, making it a versatile platform for managing rental properties.

Pros and cons

Pros:

  • Provides integrations with leading travel agencies and operation tools
  • Includes a unified inbox for improved communication
  • Offers extensive property management functionality

Cons:

  • Limited customization options in certain areas
  • May have a steeper learning curve due to its wide range of features
  • Pricing can be high for smaller businesses

Best for independent hotel operations

  • Free demo available
  • From $150/user/month
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Rating: 2.5/5

innRoad is a cloud-based hotel management software specifically designed to fulfill the needs of independent hotels. By providing a fully integrated, end-to-end solution, it empowers hoteliers to reduce operational burdens and focus more on providing exceptional guest experiences.

Why I Picked innRoad: I selected innRoad for its commitment to simplifying operations for independent hoteliers. It's a complete, all-in-one solution, providing everything from reservation management to revenue management, making it stand out as an excellent choice for independent hotels.

Its ability to streamline various operations justifies it being the best choice for independent hotel operations.

Standout features & integrations:

Features include a robust set of features including an intuitive reservation management system, guest communication tools, and detailed reporting for revenue optimization.

Integrations include a wide range of distribution channels, payment processors, and third-party booking platforms, facilitating broader reach and streamlined workflows.

Pros and cons

Pros:

  • Broad range of integration options
  • Designed specifically for independent hotel operations
  • Offers a comprehensive, all-in-one solution

Cons:

  • Requires minimum five seats, making it less suitable for very small operations
  • Higher pricing, particularly for smaller establishments
  • The interface could be more modern

Best for data-driven insights

  • From $20/user/month

Solonis is a sophisticated platform for revenue management that uses advanced data analytics to provide actionable insights. The platform's ability to leverage data for informed decision-making positions it as a valuable tool for businesses looking to maximize their revenue through strategic data utilization.

Why I Picked Solonis: In selecting Solonis, I was drawn to its robust real-time data analytics capabilities that empower businesses to make informed decisions based on comprehensive data insights. It stands out due to its advanced analytics features that convert complex data into digestible information, thereby making it best for generating data-driven insights.

Standout features & integrations:

Features include predictive analytics, real-time performance monitoring, and trend analysis. Through these, Solonis enables users to gain a deep understanding of their business performance.

Integrations include various property management systems and online distribution channels.

Pros and cons

Pros:

  • Integrates with various property management systems
  • Offers predictive analytics and real-time performance monitoring
  • Advanced data analytics capabilities

Cons:

  • Requires a learning curve to fully utilize its features
  • Some users might find data analysis features complex
  • Pricing may be high for small businesses

Best for adaptive pricing algorithms

  • Pricing provided upon request

Right Revenue is a hotel revenue management tool that uses advanced algorithms to adapt pricing according to market dynamics. It operates by analyzing many data points and adjusting prices in real-time, making it particularly proficient in adaptive pricing algorithms.

Why I Picked Right Revenue: In the realm of hotel revenue management tools, Right Revenue grabbed my attention due to its advanced adaptive pricing algorithms. These algorithms stand out because they can intelligently analyze vast market data and alter pricing in response to changes.

I chose Right Revenue as the best tool for adaptive pricing algorithms.

Standout features & integrations:

Features include its adaptive pricing algorithms, real-time rate adjustments, pricing recommendations, and comprehensive reporting features.

Integrations include several Property Management Systems (PMS) and Channel Managers, allowing it to coordinate smoothly with a hotel's existing systems and software.

Pros and cons

Pros:

  • Integrates with many PMS and Channel Managers
  • Real-time rate adjustments
  • Advanced adaptive pricing algorithms

Cons:

  • Limited customer support availability
  • May be complex for small hotels to use
  • Pricing information is not transparent

Best for advanced analytics

  • Pricing upon request

IDeaS Revenue Management Solutions offers robust, data-driven insights for the hospitality industry. The tool focuses on using advanced analytics to provide strategies for maximizing hotel revenue, which is why it excels in its category.

Why I Picked IDeaS Revenue Management Solutions: I selected IDeaS Revenue Management Solutions for its in-depth analytics capabilities. While many hotel management tools include some form of analytics, IDeaS stands apart with its advanced, proprietary analytics that drive revenue growth.

I determined it to be the best choice for those prioritizing sophisticated data insights in their hotel management process.

Standout features & integrations:

Features include advanced forecasting, pricing decisions, inventory controls, yield management, and automated decision intelligence. These tools work together to drive revenue optimization.

Integrations include several popular hotel property management systems (PMS), customer relationship management (CRM) systems, and business intelligence tools.

Pros and cons

Pros:

  • Robust features for revenue optimization
  • Integrates with popular PMS, CRM, and BI tools
  • In-depth, advanced analytics

Cons:

  • Could be overkill for smaller or less complex operations
  • May be overwhelming for those not accustomed to detailed data analysis
  • Pricing is not transparent

Best for diverse property types

  • From $80/user/month.

RoomKeyPMS is a versatile property management system offering a suite of capabilities designed to cater to various types of properties, from boutique hotels to large resorts. This tool's flexible functionality makes it ideal for operators dealing with diverse property types.

Why I Picked RoomKeyPMS: I picked RoomKeyPMS for its versatile functionality that can handle a variety of property types effectively. This adaptability makes it stand out from many other property management systems.

In my opinion, it is best suited for businesses managing a range of different property types.

Standout features & integrations:

Features include robust features including real-time centralized reservations, guest profiles, and dynamic pricing.

Integrations include global distribution systems and booking engines, ensuring reservation and property management.

Pros and cons

Pros:

  • Comprehensive integrations with global distribution systems
  • Robust features such as real-time centralized reservations
  • Versatile functionality for diverse property types

Cons:

  • Certain features might have a steep learning curve for beginners
  • The user interface could be more intuitive
  • Pricing might be on the higher side for smaller businesses

Best for intuitive user interface

  • From $30/user/month (billed annually)

Preno is a hotel management software that aims to simplify the process of running accommodation businesses. Its intuitive user interface makes it easy for operators to manage bookings, room availability, rates, and reporting, aligning with its qualification as the best for an intuitive user interface.

Why I Picked Preno: I chose Preno due to its clear, user-friendly design that eases the typically complex task of hotel management. This element sets it apart from many other tools in the industry, reinforcing my belief that it's the best choice for those seeking an intuitive user interface.

Standout features & integrations:

Features include a host of useful features, including real-time availability and occupancy rate updates, customer relationship management (CRM), and reporting tools.

Integrations include major platforms such as Xero for accounting and Mailchimp for marketing, contributing to its overall utility.

Pros and cons

Pros:

  • Integrates well with major platforms such as Xero and Mailchimp
  • Real-time updates for availability and rates
  • User-friendly interface, easy for staff to understand and use

Cons:

  • The annual billing might not be suitable for all businesses
  • Limited customization options
  • Higher cost compared to some competitors

Other Hotel Revenue Management Software

Below is a list of additional hotel revenue management software that I shortlisted, but did not make it to the top 10. Definitely worth checking them out.

  1. Duetto

    For real-time pricing capabilities

  2. Hotellab

    For strategic revenue planning

  3. Roomdex

    For automated room upgrades

  4. Intelligence Node

    Good for retail businesses seeking comprehensive price optimization

  5. Vena

    Good for revenue planning with integrated budgeting and forecasting

  6. RateBoard

    Good for scientifically calculated revenue management

  7. Beonprice

    Good for AI-driven hotel revenue optimization

  8. Wiser

    Good for competitive pricing intelligence

  9. OTA Insight

    Good for optimizing pricing through market intelligence

  10. RateWise

    Good for cloud-based revenue optimization

  11. eZee Mint

    Good for small to medium hotels seeking a simple revenue management solution

  12. RevControl

    Good for demand-driven dynamic pricing

  13. Revbell

    Good for hotels seeking revenue optimization with a focus on guest experience

  14. Infor EzRMS

    Good for large hotels and chains with complex revenue needs

  15. Cendyn

    Good for maximizing guest value and hotel profitability

  16. Retalon

    Good for advanced predictive analytics in retail pricing

  17. Chargify

    Good for businesses seeking a billing platform with revenue operations features

  18. YieldPlanet

    Good for integrated revenue management with channel management

  19. Duve

    Good for enhancing guest experience alongside revenue management

  20. RoomPriceGenie

    Good for small hotels and B&Bs seeking automated pricing

  21. D-Edge

    Good for digital marketing and distribution strategies

  22. Pace Revenue

    Good for real-time revenue optimization

  23. Revenue Analytics

    Good for enterprises seeking custom revenue management solutions

  24. Kriya RevGEN

    Good for hotels seeking a hands-on approach to revenue management

  25. Bezla

    Good for comprehensive hotel management, including revenue optimization

What is Hotel Revenue Management Software?

Hotel revenue management software is a tool that helps hotels set the right prices to maximize profit and occupancy. It’s used by hotel managers and revenue teams to tackle pricing, demand forecasting, and inventory control—especially during high and low seasons.

What Are The Benefits Of Using Hotel Revenue Management Software?

So, what are the benefits of using hotel revenue management software?

There are many benefits of using hotel revenue management software, including:

  • Increased Revenue: One of the main benefits of using hotel revenue management software is that it can help with increasing revenue. Hotel revenue management software can help improve room rates and occupancy levels, leading to increased profits.
  • Better Control of Rates: Hotel revenue management software gives hoteliers better control over rates, which can help to maximize profits.
  • Improved Efficiency: Hotel revenue management software can help improve efficiency by automating rate changes and inventory management tasks. This can lead to reduced costs and improved profitability.
  • Increased Customer Satisfaction: Hotel revenue management software can help to improve customer satisfaction by optimizing room types availability and rates. This can lead to increased bookings and higher customer satisfaction levels.

There are many other benefits of using hotel revenue management software, including improved marketing efforts, more accurate forecasting, and better decision-making.

How Much Does Hotel Revenue Management Software Cost?

So, how much does this valuable software usually cost? Hotel revenue management software can vary depending on the features included, but it's typically priced between $1,000 and $10,000 per year. However, many vendors offer a free trial or demo, so you can explore the software before purchasing.

When shopping for hotel revenue management software, be sure to ask about the following features:

  • The ability to create custom spreadsheet and reports
  • Automatic rate updates
  • Sales and marketing analysis
  • Group booking management
  • Commission tracking

What Are The Key Features To Look For When Buying Revenue Management Software?

When purchasing revenue management software, it's important to consider the following key features:

  • Integration: The software should connect easily with your hotel's booking and rate management systems.
  • Real-time information: You need access to real-time occupancy and room rate data for quick, effective decision-making.
  • Forecasting and modeling tools allow you to predict future sales trends and make informed pricing decisions.
  • Allocation algorithms: These ensure your rooms are being sold most profitably.
  • Group booking management: This feature is crucial if your hotel frequently caters to group bookings, as it helps manage their complex pricing structures.
  • Channel management capabilities: This feature helps you manage your presence on multiple booking platforms and maintain price parity.

Choose software that includes all these features, and is also user-friendly and easy to navigate. Your specific needs may prioritize some features over others.

Other Hotel Revenue Management Software

Here are some other useful tools for hotel revenue management.

What Next?

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Cory Masters
By Cory Masters

Cory Masters is a dynamic professional with 10+ years of experience working across hotel and hospitality management, accounting, financial management, office management, and operations. She's passionate about elevating other professionals in the community, using her 4 years as an Assistant Hotel Manager at Four Seasons to share the lessons she's learned about managing guest interactions, reservations, hotel staff, hotel services, hotel management systems, and more.