hotellab introduces Lite RMS for small independent hotels
New revenue management solution helps hotels with 10+ rooms automate pricing without a dedicated revenue manager.
hotellab has launched Lite RMS, a new revenue management solution designed for small independent hotels with 10 or more rooms.
Lite RMS helps hoteliers automate room pricing, track performance, and manage revenue without complex settings or a dedicated revenue manager.
The system monitors market demand, competitor rates, and hotel performance to calculate and automatically update room prices. A simplified dashboard gives hoteliers an overview of their key performance metrics.
Revenue Management for Smaller Hotels
In smaller properties, pricing is often managed by the owner or general manager alongside other daily responsibilities.
Monitoring occupancy, booking pace, competitor rates, and market demand takes time. As a result, room prices may remain unchanged even when market conditions shift.
Lite RMS addresses this challenge by automatically monitoring demand and adjusting rates based on more than 100 factors.
The solution is designed for hotels that have 10 or more rooms, use a cloud-based PMS, and do not have an in-house revenue manager.
Key Features of Lite RMS
Lite RMS includes the essential tools of a revenue management system in a simplified interface:
Demand forecasting: Forecasts demand and occupancy 365 days ahead, with updates three times daily.
Automated pricing: Calculates and updates room rates based on demand, hotel performance, and market conditions.
Competitor monitoring: Tracks room rates at competing hotels.
Daily reports: Sends email summaries of key performance changes and alerts.
Flexible pricing settings: Allows hoteliers to adjust seasonal rules, pricing priorities, and room categories.
Video guides: Provides practical instructions for using the system.
Hoteliers can also adjust pricing settings or manually change individual room rates when needed.
Daily Revenue Management in Around 15 Minutes
Lite RMS sends updated room rates directly to the hotel's PMS, reducing the need for manual price adjustments.
Hoteliers receive a daily performance report highlighting key changes and alerts. According to hotellab's estimates, managing revenue with Lite RMS takes approximately 15 minutes per day.
Setup and Availability
The hotellab team handles the initial setup and integration with the hotel's PMS or Channel Manager.
During onboarding, the team configures room categories, competitor sets, seasonal rules, and pricing goals together with the hotel. The process takes approximately two weeks.
Lite RMS is available for hotels with 10 or more rooms, with pricing starting at €190 per month.
More information and a free demo are available on the hotellab website.
