Running an accommodation business can often feel like you’re spinning numerous plates and trying to stop one of them from falling. The hospitality and travel sector is so competitive and the landscape has changed so much in the last decade with the emergence of OTAs, Global Distribution Systems and Private Letting channels. Nowadays to run a successful property business it’s not enough to deliver great customer service. You have almost have to be an expert in everything: from marketing and SEO (to ensure you get found by enough potential guests) to website design (to deliver an easy and seamless reservation process). And that’s before you even take into account the day to day running and administration of your accommodation, guest communication, housekeeping etc. etc. Automating as many of these processes as possible helps to keep all those plates spinning and ultimately delivers a great customer experience. This is where a property management system (PMS) becomes an invaluable tool. Hotel PMS systems have come such a long way over the last few years. So what is a PMS and what are the functions of a property management system in hotels and accommodation?
Also known as a PMS system, a property management system is software that acts as a centralised computer system for organising, scheduling and managing the day to day functions of an accommodation business. It can handle everything from the reservation process, front and back office operations, channel management, guest communication, housekeeping and maintenance management.
While they have traditionally been associated with hotels, today property management systems are used by all types of properties including:
Let’s take a more detailed look at the key features and functions of a property management system.
Not all property management systems are created equally. Modern systems, however, combine multiple functions into a single piece of software to make the guest and hotel management process as seamless and easy as possible.
The key features of a good PMS should include:
Good property management system software will enable you to manage guest online direct bookings including recording, tracking and taking payments for reservations. Your front desk management module should enable you to quickly check guest in and out and allocate rooms.
Ensuring your rooms are listed as widely as possible is critical to ensuring maximum occupancy so integration with a channel manager to control accommodation availability, revenue, online channels and yield management is an essential function of a good PMS.
Key functions of PMS system include allowing the property owner to communicate with guests and send professional automated emails to guests pre and post-stay. Managing you guest data is also increasingly important so an integrated CRM that details how and when guests prefer to receive communication as well as special occasions like birthdays and anniversaries is vital.
Other property management system features include property maintenance and housekeeping management tools will enable you to view a room’s status and schedule your cleaning staff and log and schedule maintenance jobs with minimum disruption to guests.
Many systems also integrate point of sale, telephone charges, daily and end of month banking and often trust accounting amongst many other things.
HiRUM Property Management Software was created out of the need from property managers to have increased control over the management of the apartments they controlled within their letting pool. Over the years the functions of a property management system have grown to encompass all aspects of business management including front and back office solutions, banking and reporting. It’s a far cry from a basic reservation tool to manage the letting of rooms on a day to day basis.
Having worked with businesses across the industry including real estate management, hotels, motels and resorts and strata managers, HiRUM have developed a complete end to end property management software solution that can manage just about every aspect of your property business including trust accounting. To find out more about HiRUM’s complete property management solution, give us a call on +61 7 5574 4990 or email: email@example.com
This article was first published in April 2012 and has been updated in February 2021.
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