Availability management in the hospitality industry is one of a hotelier's greatest challenges, beginning with selling a room at its optimal price and time. Lack of insight in demand, competitors' pricing and availability across the various sales channels, is detrimental for your Average Daily Rate (ADR).
Once you've managed to a sell a room, you also need to keep track of additional inventory items like parking spaces, extra beds and other in-room amenities. Real-time updates and coordination between departments are essential while effectively managing costs.