Nodal Direct

Best Hotel Management Software It’s a hypercompetitive market place and the secret to top-performing hotels remaining at the height of their game is the implementation of a next-generation PMS. A PMS or Property Management System allows hoteliers like you to do what they do best: create superior guest experiences and deliver desired results for your business. Only with the help of a state-of-the-art next-generation PMS like Nodal PMS, the best property management system , can you expect to achieve these objectives. An efficient property management software is adept at managing your hotel’s core functions like – check-in process, inventory management, housekeeping assignment, accounting, etc with extreme levels of effectiveness and finesse.   Using on-site PMS platforms or manual methods to keep tabs on guest’s habits is a cumbersome way to manage your guest data. A more modern and cloud-based property management software keeps you and y...

  Revenue Management in Hotels Using Property Management System Property-management systems and revenue management go hand in hand.   When properly executed, hotel revenue management can be used to deliver very substantial increases to top-line revenue growth and profitability. In fact, according to a new research, the implementation of hospitality revenue management results in a 9-percent average increase in revenue per available room for large and very large hotels. That percentage increase can translate into millions of dollars in additional profit on an annual basis. As hoteliers know, revenue management is about setting the right price for the right guest at the right time. But there are many variables that come into play in that formula and those variables change frequently. Without automated systems and integration into a property management system, it can be overwhelming for hoteliers. Without automation, hoteliers aren’t updating the rates consistently. “Since...

  Managing Your Cash Flow Using Property Management System Cash flow is a vital sign of the health of your business. In fact, the Wall Street Journal says that "the ability to generate cash may be the most important measure of a business's health. Plenty of companies with paper profits have failed because they lacked the cash to keep operating." If you've been in business for a while, your company is probably a winning proposition. Overall, you make enough profit every year to reassure you that your business is worthwhile. However, profit and cash flow are different. While you can experience success on an annual or seasonal basis, you can also experience months when your funds are tight, and if you're not careful a misstep at these times could lead to financial disaster for your business. Cash Flow Issues For Property Managers As a property manager, what are some of the most important issues you need to be aware of as you calculate your monthly cash flow? Yo...