Analysts have noted that in the first half of the current fiscal year, Mr. Chhatwal, who is also the Managing Director and CEO of Indian Hotels Company Ltd (IHCL), recorded a 14% increase in Revenue Per Available Room (RevPar). By 2028, the percentage of users is predicted to reach 17.5%, up from 16.3% in 2024.
By 2028, it is expected that 82% of the total revenue in the Hotels market will be generated through online sales. With the use of Odoo ERP, one can customize their hotel management system easily and handle operations quickly.
We invite everyone in the hotel management and hospitality sectors to learn about the advantages of using ODOO for their operational requirements as the summer vacation and holiday season draws near. In 2024, see how ODOO can improve and expedite your hotel management procedures during this hectic season!
The hotel business has evolved to a new level with new rules and specifications in place today. Nearly all workflows are drastically altered by innovative technologies. By 2024, discontinue the use of Excel spreadsheets and related programs to arrange company procedures. There is a superior alternative.
Do you wish to operate more profitably while meeting the constantly shifting needs of your visitors by streamlining your operations? What you need is an Odoo-based hotel management system.
Every facet of hotel operations is managed by this software, including front desk duties including bookings, visitor check-in and check-out, rate management, room assignment, and more.
A Hotel Management System: Why Is It Important? Seven Principal Business Advantages
How frequently do errors get made by your staff when making reservations? When a guest is waiting for their room to become available, has this ever happened to you? Recognize that it occurs.
Customer satisfaction and their propensity to suggest your hotel to friends or return are negatively impacted by such circumstances. These, however, are not the only justifications for why a hotel management system is crucial for operations.
Conserve Time and Cash:
With hotel management software, staff members spend less time on administrative duties. Furthermore, by eliminating the need for manual labor and the chance of expensive errors, automation's increased efficiency lowers operating expenses.
Boost Interaction With Visitors:
Boost visitor communication. How? by use of reminders, automated confirmations, and customized correspondence. Seize the chance to solicit feedback and upsell services. You may anticipate excellent service quality and satisfied customers as a result.
Avoid Human Errors:
Erroneous billing and overbooking are frequent errors that occur when entering data by hand. The reputation of the hotel and the experience of its guests are negatively impacted by such problems. You can make sure that data is entered accurately and consistently across all departments by using HMS to automate data entry.
Enhance Your Revenue Management:
Are you sure that your promotions and room rates are working?
You won't be left in question by HMS. Revenue streams, room occupancy rates, and booking trends are all analyzed by the program. You can use this information to optimize pricing methods according to demand.
Boost Your Reservations:
With a few clicks, guests can make reservations for accommodations. Hotel reservations are simpler and more entertaining using Odoo. More reservations are also encouraged by features like rate parity and real-time availability notifications. The greatest deals will always be extended to your potential guests.
Obtain Precise Reports:
With hotel management software, you can acquire priceless knowledge to help you make wise choices. A business development strategy can be modified with the use of financial performance statistics, operational efficiency summaries, or analysis of visitor feedback.
Key Hotel Management Features of Odoo ERP
Using a modular HMS based on Odoo ERP, you may enhance each and every work process in your hotel. You choose the features that your company needs to run efficiently.
Let's examine the most significant ones first.
System for Booking Management
Convert the conventionally difficult process of making hotel reservations into an easy, error-free one. Eliminate duplication, overbookings, undocumented cancellations, and similar problems. From the time of reservation to checkout, client contact is automated by Odoo's hotel booking management system.
Relationship Management with Customers
Good guest relations are essential to your company. Use Odoo to take it to the next level. The goal of CRM modules is to turn website visitors into leads. In addition, the system provides sophisticated reporting features and follows up on every lead.
Management of Human Resources
This capability might make a lot of HR duties easier, such as defining wage structures and conducting both offline and online recruitment. Manage staff attendance, leave, vacation, and other calendars to effortlessly attain operational harmony.
Management of Room Service
RSM is responsible for maintaining staff management procedures and error-free data collection techniques. This feature makes it possible to record and monitor room service operations in real time. Staff workflow is consequently more accurate and efficient.
Financial Administration
It has never been simpler to oversee hotel operations' finances. The system efficiently handles payments and invoices from vendors. Your hotel can cater to an international audience and take many forms of payment. For the convenience of your guests, you can integrate multiple payment terminals.
Control of Quality
The well-defined quality control management module in Odoo hotel management gives you total operational control over your quality management procedures. It enables you to view a comprehensive quality management overview, designate particular quality checks, tailor quality control teams to particular operational requirements, put automated systems in place for producing quality alerts, and clearly define quality control points within processes.
In What Ways Can Vraja Technologies Assist?
Even with Odoo's benefits as a hotel management system, its implementation calls for a sophisticated and well-planned approach. If you are not sure how to start, don't worry. Our goal is to assist you. Our organization possesses the years of experience, skill, and understanding required to develop and personalize software for your hotel enterprise.
Don't miss this chance to grow your hospitality company to its full potential.
Together, we can begin developing your hotel management system now, putting you ahead of the competition coming tomorrow.
Set up a complimentary trial call right now: