Infor, a global leader in business cloud software specialized by industry, today announced the release of its new Revenue Management Solution (RMS) for the hospitality sector. This innovative platform is designed to revolutionize how hotels and resorts optimize their pricing strategies and manage revenue in an increasingly complex, AI-driven market.
Enhancing Revenue Strategies with AI-Powered Insights
Infor RMS leverages cutting-edge artificial intelligence and machine learning algorithms to provide hoteliers with unprecedented control over their pricing and revenue optimization processes. The solution offers a comprehensive suite of features aimed at enhancing decision-making capabilities, streamlining operations, and maximizing profitability on multiple revenue centers, from rooms over event spaces to F&B outlets.
“In today’s dynamic hospitality landscape, access to real-time, AI-driven insights is crucial for maintaining a competitive edge,” said Alan Young, VP of Hospitality Strategy at Infor. “Our new RMS empowers revenue managers to evolve into strategic decision-makers, effectively translating data into tangible financial outcomes.”
Key Capabilities of Infor RMS
Customizable Dashboard: Provides access to critical KPIs through a widget gallery, enabling personalized screens tailored to individual needs and business models, all the way from hotel level to enterprise reporting.
Multi-dimensional Pricing: Offers granular pricing optimization capabilities down to the room type level, icluding derived rates, with flexibility in rate setup, discount management, and length-of-stay restrictions.
Dynamic Configurability: A unified system with single integration, adaptable to various property types including resorts, economy brands, casinos, and extended-stay hotels.
AI-Powered Automation: Incorporates generative AI for opportunity-focused insights, forecast validation, proactive AI guided strategic planning and decision-making support.
Adaptive User Personas: Delivers intuitive, role-specific interfaces with a low learning curve to ensure high team engagement and adoption rates.
Data-to-Revenue Conversion: Utilizes comprehensive data analysis, accelerated by the power and security of Infor’s own data lake technology, and a hospitality-centric large language model, to transform revenue management practices towards a holistic commercial approach.
Flexible Automation for Targeted Success
Infor RMS offers customizable automation options, allowing users to operate in manual, fully automated, or semi-automated modes. Regardless of the chosen strategy, the system provides real-time data streaming, continuous reforecasting, and optimization to ensure the implementation of optimal pricing strategies.
“The ability to tailor automation to each property’s specific requirements is a significant advantage,” explained Alan Young. “Whether it’s a boutique hotel requiring hands-on control or a large chain seeking full automation, Infor RMS adapts to deliver targeted success across various operational models.”
Future-Ready Solution for Evolving Industry Needs
As the hospitality industry faces increasing regulatory pressures and rapid technological advancements, Infor RMS is engineered to keep businesses ahead of the curve. The solution’s AI-driven insights and flexible configuration options ensure that hotels can easily adapt to new compliance requirements and market trends.
Immediate Availability and Streamlined Implementation
Infor RMS is now available for immediate implementation. The solution includes an AI-assisted setup process, minimizing user intervention during initial configuration and ongoing maintenance. This intelligent system creates appropriate competitive sets, utilizing its built-in rate shopping tool, and utilizes deep learning forecasting models to ensure accurate and sustainable projections.
To learn more about building a stronger revenue management strategy visit: Infor.com
About Infor
Infor is a global leader in business cloud software specialized by industry. We develop complete solutions for our focus industries. Infor’s mission-critical enterprise applications and services are designed to deliver sustainable operational advantages with security and faster time to value. Over 60,000 organizations in more than 175 countries rely on Infor’s 17,000 employees to help achieve their business goals. As a Koch company, our financial strength, ownership structure, and long-term view empower us to foster enduring, mutually beneficial relationships with our customers. Visit www.infor.com.
