Whois & Analysis for openhotel.com

Yield management is a variable pricing strategy, based on understanding, anticipating and influencing consumer behavior in order to maximize revenue or profits from a fixed, time-limited resource (such as airline seats or hotel room reservations or advertising inventory).

As a specific, inventory-focused branch of revenue management, yield management involves strategic control of inventory to sell it to the right customer at the right time for the right price.

This process can result in price discrimination, in which customers consuming identical goods or services are charged different prices.

Yield management is a large revenue generator for several major industries; Robert Crandall, former Chairman and CEO of American Airlines, gave yield management its name and has called it "the single most important technical development in transportation management since we entered deregulation.".

Property Management Systems also known as PMS or Hotel Operating System (Hotel OS), under business terms may be used in real estate of mind, manufacturing, logistics, intellectual property, government or hospitality accommodation management.

They are computerized systems that facilitate the management of properties, personal property, equipment, including maintenance, legalities and personnel all through a single piece of software.

They replaced old-fashioned, paper-based methods that tended to be both cumbersome and inefficient.

They are often deployed as client/server configurations.

Today, most next generation property management systems favour web and cloud technology and offer their software to clients using a software-as-a-service model.