Unlocking Profit: How to Choose the Perfect Revenue Management System for Your Hotel

Unlocking Profit: How to Choose the Perfect Revenue Management System for Your Hotel

By Author

Published on October 15, 2023

So, let’s get cracking, or how about we get booking! Remember when pricing was all about set and forget, much like planting a tree and watching it grow? But times have changed, and voila, here’s the Revenue Management Systems (RMS). It’s like having a personal assistant, but this one’s a whiz at pricing. Pure gold!

Introduction to RMS

If RMS sounds like a complicated acronym, worry not! Think of it as that friend who always knows where to find the best deals. Basically, it’s a cool tool that suggests prices and updates them real-time in your system, making your life a breeze. It’s not exactly the Hogwarts of pricing but pretty close.

For the Big Fish

If your hotel is the belle of the ball, boasting 80+ rooms and raking in more than $10m revenue (kudos, by the way), you need an RMS that can juggle. Multiple room types, complex market segments - you need the Iron Man of RMS that can handle it all. Now, these babies can be a bit pricey and might require a professional revenue manager’s touch. But hey, with great power comes great responsibility, right?

The Middle Ground

Now, if your hotel is somewhere in the middle, say, 50-100 rooms with a revenue between $2m and $10m, you’re the Goldilocks of the hotel world. You need something just right. Newer, user-friendly systems might be your cup of tea, offering a mix of smart and easy. It’s like having Siri and a calculator in one - efficient but not overbearing.

The Cozy Corners

Small hotel owners, we see you! With 5-50 rooms and less than $3m in revenue, you want to swing with the big boys without breaking the bank. Fear not! Solutions like RoomPriceGenie are your golden ticket. They’re like the Robin to your Batman, offering support and ensuring your prices are just where they need to be.

For the Homely Havens

And if you’re the proud owner of a quaint little place with 1-4 rooms, we haven’t forgotten about you. Your needs are unique, and there are RMS options tailored just for you, focusing on factors like local events and weather. It’s like having a personalized weather forecast, but for pricing.

The Wrap Up

Choosing the right RMS is like picking the right wand in Harry Potter (see, I snuck in a pop culture reference!). It’s all about finding the perfect fit. Whether you’re the Ritz-Carlton or a cozy bed and breakfast, there’s something out there that’s just right for you. So, equip yourself with the right RMS and watch your hotel’s revenue wave its magic wand!

There you have it, a comprehensive yet simple guide to stepping into the future of hotel revenue management. Who knew pricing could be this cool, right? Happy hoteling!

India’s Hospitality Scene Evolves with the Emergence of Exclusive Business Clubs

India’s Hospitality Scene Evolves with the Emergence of Exclusive Business Clubs

By Nithyakala Neelakandan

Published on May 8, 2024

There's a rising demand for exclusive business clubs. Entrepreneurs, corporate leaders, and creative minds now seek sophisticated spaces where they can connect, collaborate, and unwind.

While traditional establishments like Gymkhanas and Golf courses have long been the domain of the elite, gaining membership can be a lengthy process. To meet the evolving needs of professionals, a new wave of members-only private clubs is emerging in business hubs and city centers.


According to recent research by Axon Developers in collaboration with SKYE, the current market size of these exclusive clubs stands at INR 576 crores. By 2027, this figure is projected to soar to INR 941 crores, reflecting a robust growth rate of 17.8%.

These modern sanctuaries offer more than just meeting spaces. With swanky lounges, gourmet restaurants, fitness facilities, and luxury amenities like spas and art galleries, they provide a holistic lifestyle experience. Standalone clubs such as Quorum, BLVD, and Soho House, alongside established hospitality brands like Chambers and Privie, cater to diverse tastes and preferences.

Beyond business dealings, these clubs host a myriad of events, from art exhibitions to book readings, creating vibrant social hubs for India's upwardly mobile professionals.


The Western region of India, particularly Mumbai, leads the way in club membership, contributing over half of the revenue and membership volume. Mumbai boasts a rich array of clubs, including SOHO House, Taj Chamber, and Modernist, attracting discerning individuals with a penchant for luxury and innovation.

Membership in these clubs is highly selective, often based on referrals and invitation. Alongside financial status, criteria such as professional achievements and future vision play a pivotal role in admission, instilling a sense of pride among members.

Introducing Saif Ali Khan & Kareena Kapoor Khan as TREVOC Brand Ambassadors

Introducing Saif Ali Khan & Kareena Kapoor Khan as TREVOC Brand Ambassadors

By Nithyakala Neelakandan

Published on April 10, 2024

TREVOC, a prominent name in Gurugram's luxury real estate scene, has achieved a significant milestone by announcing Bollywood icons Saif Ali Khan and Kareena Kapoor Khan as their brand ambassadors. This strategic move solidifies TREVOC's reputation for blending heritage with opulence.

The collaboration with Saif Ali Khan and Kareena Kapoor Khan, renowned for their association with legacy and luxury, aims to reinforce TREVOC's position as the ultimate choice for those seeking sophistication and comfort in their homes. By aligning with these esteemed personalities, TREVOC underscores its commitment to offering innovative designs, cutting-edge amenities, and sustainable living solutions, reshaping the landscape of luxury real estate.

Gurpal Singh Chawla, Managing Director at TREVOC, expressed excitement about the partnership, stating, "We are thrilled to welcome Saif Ali Khan and Kareena Kapoor Khan to the TREVOC family. Their iconic status and shared values resonate deeply with our brand ethos of blending legacy with luxury. With their association, we aim to elevate the living experience and continue our legacy of excellence in the real estate domain."

Sehaj Chawla, Managing Director at TREVOC, echoed this sentiment, emphasizing the brand's commitment to crafting unique projects that epitomize luxury and comfort. He stated, "Collaborating with celebrities has not only reinforced our vision but also broadened our reach to a wider audience seeking luxury developments. Both Saif Ali Khan and Kareena Kapoor Khan exemplify luxury and align perfectly with our Group's vision."

TREVOC, guided by the principles of 'Imagine, Innovate, and Inspire,' stands at the forefront of redefining high-end residential infrastructure. With a legacy spanning over 75 years, the brand remains dedicated to integrating upscale amenities into its luxury projects, enhancing residents' lifestyles. Focused on prime locations such as Golf Course Road, Southern Peripheral Road, and Dwarka Expressway, TREVOC continues to set new standards in the sector, offering unparalleled quality and sophistication.

India ITME Society Launches Multicultural Facility Center in Mumbai

India ITME Society Launches Multicultural Facility Center in Mumbai

By Nishang Narayan

Published on April 10, 2024

India International Textile Machinery Exhibitions Society (India ITME Society), a non-profit organisation, has announced the launch of its Multicultural Facility Center in Mumbai. This facility centre represents a significant milestone in ITME's commitment to creating inclusive spaces where people from all backgrounds can come together to share their traditions, stories, and experiences.

The Multicultural Center, inaugurated by eminent Bollywood actress Ms. Smita Jayakar, accompanied by Mr. Darasing Khurana (Mr. India International 2017) and stand-up comedian Mr. Rohan Gujral, is envisioned as a hub for cultural appreciation and understanding. It will serve as a vibrant venue for a wide range of activities and initiatives aimed at promoting multiculturalism.


Ms. Seema Srivastava, Executive Director of ITME, expressed her excitement about opening the doors of the centre to the community, welcoming individuals and organisations to utilise the premises for their cultural and professional endeavours. She emphasised that by providing a dynamic space for both cultural and professional gatherings, ITME aims to contribute to the enrichment of the local community and foster meaningful connections among diverse groups of people.

Equipped with state-of-the-art facilities and customizable layouts, the ITME premises offer a seamless experience for event organisers and attendees alike. Whether hosting an intimate gathering or a large-scale event, organisers can leverage ITME's resources to bring their vision to life.


Ms. Smita Jayakar, a veteran actress, expressed her enthusiasm for the ITME centre, stating that it would bring an extra sparkle to South Mumbai. She highlighted the centre's potential to create a more supportive ambiance for art, culture, theatrical showcases, workshops, book launches, and other cultural events in this dynamic part of Mumbai.

During the launch event, notable authors including Mr. Gopinath Chandra Das, Dr. Shefali Batra, and Ms. Mukta Wankhede showcased their books, further enriching the cultural atmosphere of the occasion.

Established in 1980, India ITME Society is a non-profit apex industry body dedicated to supporting and serving the Textile Engineering Industry through exhibitions, events, trade promotion services, education scholarships, student placements, consultancy, and more. The society plays a pivotal role in strengthening both the domestic and international Textile Industry by facilitating the exchange of knowledge, technology transfer, and encouraging foreign direct investments and joint ventures.

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