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PMS Property Management System for Serviced Apartments

Currently, all the business sectors have been integrating with advanced technology and operations. The digital hotel management system is a recent technological revolution in the hospitality industry. The PMS (property management system) is an advanced technology designed to manage all the business operations with upgrading the guest experience. The PMS Property Management System 's market size is currently USD 3.04 billion and is projected to grow at a CAGR of 5.6 per cent in upcoming years.

 

The serviced apartments industry has slowly been adopting cloud based property management systems for the smooth functioning of their business operations. A PMS Property Management System is an advanced integrated software that manages all front and back of house operations for management. This software provides inventory management, maintenance, guest management, housekeeping etc with automation.




 

Operation Managed by PMS System:

The PMS Property Management System manages many important aspects of the serviced apartment, which are quite complex to manage manually. The software has comprehensive functionality which automates many operations related to serviced apartments, boutique hotels, and apart-hotels. Let us have a look:

 

  • Stay Management: With a serviced apartment management system, you can easily manage your apartment's long-term and short-term stays with categorized detailing. Folios generation is now easy with the PMS system on guest requests.

 

  • Centralised Management of Apartments: The advanced technology integration manages all the apartments in distinct locations within a centralised system using enterprise architecture. You can easily manage all the operations related to an apartment through a single automated system.

 

  • Book now button: It enables you to take direct bookings through the online booking system. While booking, you can get certain offers and deals. The PMS system has an engaging user interface with attractive widgets and simplified navigation.

 

  • Real-Time Inventory Management: With this PMS system integrated, you can manage your inventory through a centralized system. You can track your inventory with real-time location listing GDS and OTA.

 

  • Maintenance: The PMS system helps you maintain apartments by handling the housekeeping, gatekeepers, and other service persons. You can easily assign the duties and monitor the work through the digital medium.

 

  • Account Management: This software helps you sort and categorize the company accounts relative to apartments. It helps you manage the account ledger limitation, billing details, and payments.

 

  • Generate Performance Reports: The software helps you evaluate the overall performance by generating performance reports and statistics. You can generate the reports through specific insights to get the outcome of the apartments.

 

Things To Consider in PMS Property Management System for Serviced Apartments:

There are certain aspects to consider while adapting a property management solution for your serviced apartments. You must be aware of the variation which the technology bring in the serviced apartment. Below are the mentions:

 

  • Direct booking management
  • Revenue generation tools in PMS system
  • Multi-location function
  • Corporate extranet and profiling

 

Conclusion:

Advancements in technology have been growing rapidly over the last two years due to a new breed of traveller. Serviced apartments specifically are rented out buy businessmen and entrepreneurs who spend a considerable amount for luxury accommodations. Therefore, using a state of the art apartment management system will help guest retention and grow RevPAR for your business.

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Location: Malaysia

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