Property Management System (PMS). is a system software used to meet the varied requirements of any size hotel or hotel chain. It provides all the tools a hotel staff needs for doing their day-to-day jobs. One of the widely used system in managing the property of a hotel is the OPERA.
According to Wikipedia, Property management is the operation of commercial, industrial and/or residential real estate. This is much akin to the role of management in any business.
Property Management is also the management of personal property, equipment, tooling and physical capital assets that are acquired and used to build, repair and maintain end item deliverables. Property Management involves the processes, systems and manpower required to manage the life cycle of all acquired property as defined above including Acquisition, Control, Accountability, Maintenance, Utilization, and disposition.
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