We are delighted to announce the launch of the Budget Section in eZee Mint, our innovative dynamic pricing management tool. This exciting addition is designed to simplify revenue management for accommodation providers by automating pricing processes, facilitating revenue target setting, and offering valuable insights for informed decision-making.
The Budget Section in eZee Mint now features a dedicated Budget module, providing hotels with a comprehensive solution to devise their yearly budget on a monthly basis. This intuitive tool empowers accommodation providers to set revenue targets, track their performance against the budgeted revenue, and make data-driven pricing decisions.
Key Features of the Budget Section:
Smart Budget Planning: With the new Budget module, hotels can easily plan their yearly budget by breaking it down into monthly segments. This granular approach allows accommodation providers to align their revenue goals with specific timeframes, facilitating better financial planning and forecasting.
Performance Tracking: The Budget Section provides real-time updates on how hotels are performing against their budgeted revenue. Accommodation providers can monitor their progress effortlessly and gain valuable insights into their revenue performance. This feature enables them to make timely adjustments to their pricing strategy and optimize revenue generation.
Cancellation Insights: Recognizing the impact of cancellations on revenue, eZee Mint’s Budget Section offers valuable insights into the revenue lost due to cancellations. By providing a clear view of the revenue impact caused by cancellations, accommodation providers can proactively manage cancellations, minimize revenue loss, and enhance profitability.
Historical Data Comparison: Leveraging data from the previous year, the Budget Section equips accommodation providers with the ability to compare their current performance with the same period in the past. This historical data comparison allows hoteliers to identify trends, understand seasonal variations, and make informed pricing decisions. Hotels can choose to set a budget manually or increase the previous year’s revenue for the same period by a certain percentage, based on their specific requirements.
We strongly believe that the Budget Section in eZee Mint will be a game-changer in revenue management for our valued accommodation providers. By simplifying the budgeting process, offering real-time performance tracking, and providing insights from historical data, eZee Mint empowers hoteliers to make accurate pricing decisions, optimize revenue potential, and maximize profitability.
To explore the new Budget Section and leverage its powerful features, simply login to eZee channel manager and click revenue management where you will see the budget on the left hand sidebar.
Our support team is available to assist you with any questions or guidance you may need.