RIMC Hotels & Resorts automate revenue monitoring with Fairmas software
The financial planning software FairPlanner convinced RIMC Hotels & Resorts to also use PickupTracking
By: Fairmas GmbH
Berlin, 17 December 2019: Fairmas and RIMC Hotels & Resorts strengthen their relationship. After seeing the positive outcome of their optimized financial planning processes using FairPlanner, the internationally operating hotel operator based in Hamburg has decided to automate its revenue monitoring with PickupTracking from Fairmas.
RIMC International Hotels & Resorts GmbH is one of the leading international hotel companies. Since its foundation 30 years ago, it has implemented approximately 200 hotel projects and currently operates 32 hotels in 8 countries. The holding company pursues the concept "Think global - act local" in hotel management and also focuses on increasing efficiency through automation and process optimization. This is an operating strategy employed by the international company management from Hamburg.
Since May 2017, the RIMC Group has been working in the area of financial planning with FairPlanner, the hotel-specific software solution from Fairmas. Through the implementation of FairPlanner with its integrated reporting system, the processing of financial data for budget and forecast planning for the entire portfolio of 32 hotels was standardized and automated. Additional modules integrated into FairPlanner including daily planning, payroll planning as well as group consolidation ensure the individual adaptation of the software to the specific needs of hotel operating companies such as RIMC. RIMC was thus able to optimize the processes of hotel financial planning both within the individual hotels and throughout the group.
The decision to now also use Fairmas's revenue monitoring tool PickupTracking serves the same purpose: to use the advantages of web-based digitization and to create the basis for agile, proactive management. With the implementation of PickupTracking, RIMC has access to their business on the books and daily room reservations data - referred to as pickups in the hotel language - and their development, separated by market segments and rolling for the next 365 days. Depending on the information requirement, the data presentation can be per individual property or consolidated at group and/or corporate level. The PickupTracking software obtains the values for hotel KPIs occupancy, ADR and RevPar directly from the Property Management System (PMS), and average room prices of competitors through the integration with rate shoppers. With data visualization and numerous reports available including Pace Analysis, Daily Pickup Reporting and Year-on-Year comparison, among others, RIMC is in a position to be proactive in their data-based intervention to control target/actual variances.
To read the full press release, click here: https://fairmas.com/
For more information about RIMC, please visit https://rimc.de/