The RMS is the system for the automated and semi-automated development and management of rate strategies that allows to maximise sales through an analysis that combines internal sources, such as the CRS and PMS management system, and external sources. The RMS's internal forecasting algorithm is able to determine for each date the estimated occupancy with a very high degree of accuracy: at 60/90 days the accuracy reaches between 92% and 95%.
Blastness offers two types of RMS: the first draws its information from rules based on calendar, occupancy and booking windows, while the second utilisises AI-powered algorithms.
The Revenue Management System Rules creates flexible rate strategies and recommends Best Available Rates (BARs) based on factors like occupancy, booking window and stay date. These strategies can also be set up for groups of room types.
The Revenue Management System Algorithm utilises Artificial Intelligence algorithms to analyse internal and external data such as occupancy, average revenue, demand pressure and price trends. It generates precise forecast for individal dates and recommends the best rate for both, BAR and open pricing models.