RateWise - How It Works

RateWise - How It Works

Where The Rates Come From

  • During system configuration current sales patterns are used as a basis to build the rate strategy within RateWise RMS;
  • RateWise RMS then calculates rates on a day basis that are appropriate to your occupancy levels, lead times, seasons, and other key factors;
  • A daily report is generated which indicates the room rates that need to be changed since the previous day, for a specified period in the future.

Working With RateWise RMS

  • Works with your Property Management System to pick up occupancy levels for all upcoming dates;
  • Links directly to Channel Management Systems to automatically update your 3rd Party Websites;
  • Interfaces with your PMS system to provide detailed statistics from current data including Occupancy Levels, Pick Ups, Average Rates and RevPAR .

> Download Rate Wise Brochure (PDF)


Testimonials

"Rate Wise has been the major factor in transforming our room revenue...highly invaluable, it has reduced 1 and ½ days of work per week down to 3 hours... helps rate parity across all 3rd party websites...maximizes revenue, especially on key dates"

Clontarf Castle

Pius Furlong - General Manager, Clontarf Castle Hotel, Dublin, Ireland

"Calculating and loading our room rates to the sales channels previously took nearly two full days per week when done manually – this is now completed in less than two hours a week for two properties... With Rate Wise, we now manage rates daily, for up to 18 months out and with a degree of flexibility in rate reaction which is simply not possible in a manual process."

Mary Buckley - General Manager, Crowne Plaza Dublin Airport, Dublin, Ireland