Fairmas unveils the advanced features of the daily revenue planning module at ITB Berlin

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Fairmas unveils the advanced features of the daily revenue planning module at ITB Berlin

February 17, 2020, In All news, Press Releases

Hotel software specialist continues to innovate financial planning and reporting processes to increase hotel profit

Fairmas GmbH is now a regular at ITB, the world’s largest tourism trade fair that opens on 4 March 2020 at the Messe Berlin. With its fourth time exhibiting at Hall 10.1 Stand 115, the Berlin-based hospitality software company specializes on the digitalization and optimization of financial planning, revenue monitoring and management reporting processes. This year’s highlight will be the next-generation daily revenue planning module for all hotel departments. To date, the long-established Fairmas has been simplifying the daily work lives of more than 11,000 users in over 4,000 hotels worldwide. Customers ranging from single independent hotels to large international chains as well as companies who represent operators, owners and investors are all welcome to visit the stand to see personally for themselves how Fairmas solutions can support them in achieving their maximum profitability.

The Fairmas team is taking the opportunity to present the latest version of their daily revenue planning module, aptly called Advanced Revenue Planner, with its cutting-edge features to visitors at ITB. Designed for the proactive hospitality industry professional including revenue managers and department heads, Advanced Revenue Planner is the tool for simplified planning and controlling of all revenues, either by market segment or by account line item, and on a daily or monthly basis.

Similar to all other Fairmas products, Advanced Revenue Planner is integrated with third party systems. The automatic data transfer of historical and on-the-books data is facilitated by interfaces to more than 30 property management systems (PMS), while the rooms forecast data comes from the revenue management systems (RMS). The innovation of Advanced Revenue Planner is the result of valuable feedback gained by the product management team from their regular dialogue with users. With their user-driven development (UDD) focus, they give extensive attention on the usability goals, user characteristics, environment, tasks and workflow of the product and processes at each stage of the development process.

“We understand that our users are from different hotel departments who have different needs, functions and preferences. It is therefore important that we are able to cater to all of them by focusing on developing key features that are highly flexible so they are useful for everyone,” says Frithjof Niessen, Director of Product Management for Fairmas. The Advanced Revenue Planner also includes a flexible event calendar with history that serves as essential guide in the planning process, as well as a comment function that promotes collaboration and transparency across the board.

“We are pleased with the development of Advanced Revenue Planner. It is such a versatile, modular application that could be integrated easily into the FairPlanner suite (based on the customer-specific chart of accounts framework for full P&L planning and reporting), but also works just as well as a standalone solution. This provides our customers with a 360-degree overview of their hotel’s performance that is essential in their strategic decision-making. With the ability to plan daily, they also gain the agility to adjust strategies at short notice when unforeseeable circumstances take place that greatly impact the global hotel industry, such as the effect that we are seeing with the current case of the novel coronavirus,” added Niels Schroeder, Managing Director of Fairmas.

To learn more about Advanced Revenue Planner, FairPlanner and PickupTracking revenue monitoring solution, meet Fairmas at the ITB Berlin Hall 10.1 Stand 115. Book your appointment here: https://fairmas.com/en/home/contact/meet-us-at-itb/