We know business intelligence (BI) is a rising star among revenue management tools.
With its capacity to rapidly process and analyze data, produce reports, and centralize information on one platform, business intelligence for revenue managers is transforming the hospitality industry in significant ways.
Currently revenue managers are using approximately 80% of their time in spreadsheets, and 20% of their time extracting and assessing key performance indicators for business decision-making. Today there's an opportunity to change those ratios by employing the right business intelligence software for hotels.
So, what are the three capabilities to look for when considering the right business intelligence software for your hotel?