RMS Cloud hits AUD$1 billion in annual bookings

Amy Horsfield By Amy Horsfield
26 February 2019 | Updated 27 February 2019

Australia: RMS Cloud has revealed the value of bookings through its cloud-based property management system has reached an annualised rate of over AUD$1 billion (£540 million).

Peter Buttigieg, founder of the accommodation technology company, says the surge in turnover can be attributed to the rapid growth in the number of properties switching to RMS.

Buttigieg, who started RMS 35 years ago, explained: "In the past 12 months alone we've signed up more than 650 clients and demand shows no sign of slowing down."

RMS now provides booking, property management and distribution technology to 6000+ hotels, serviced apartments and holiday parks in 31 countries.

Buttigieg added: "We have a couple of significant deals in the pipeline and expect further announcements in the coming months."

Based in Melbourne, Australia, RMS has offices in North America, United Kingdom, India, Singapore, China and the Middle East.

Features of its fully-integrated system include property management, channel management, point of sale, dynamic pricing, housekeeping, tour desk, event management and sales.

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