Revenue Management Software
Rate Wise Revenue Management Software (RMS) can be purchased as a full suite of products or can be tailored to your needs. Branded Hotels often have an RMS included in their PMS, but they don’t have the reporting capabilities that Rate Wise can offer.
Hotels can purchase the full suite of products below, or a combination of these;
- Automated Yield Tool
- Business Analysis and Pickup Tools
- Competitive Shopper Tool
RATE WISE DASHBOARD
Our user-friendly dashboard displays the data you need at your fingertips. Updated daily, you can view your key statistics on one easy to read screen.
Our drag and drop functionality allows you to display the data you need in order of priority such as alerts on your competitor rates, booking pattern by market segment, slow moving dates and much more.
The data on the dashboard is refreshed daily from your PMS so you know the information provided is accurate and up to date.
- Displays key highlights
- Alerts you to any trends
- User friendly screen
RATE YIELDING Software
The Rate Wise Rate Yielding Software is a
Through cutting edge coding, intuitive algorithms and our in-depth knowledge of the industry, our Rate Yielding Software guarantees to optimise the potential of every room sold. Constantly reviewing data for 365 days ahead, our software alerts you to any unusual trends or significant rate changes in the market making yield management for your property much more efficient. It can be connected to a number of leading Property Management Systems and Channel Managers, allowing data to flow on an automated basis with little or no manual input required.
Our Rate Yielding Software extracts the data from your PMS and can automatically distribute your new rates back to your PMS or Channel Manager depending on your set up. Some hotels like to review rate suggestions before distributing them to channels and this functionality exists too!
- Maximise revenue
- Automate your revenue management process
- Integration with your PMS or Channel Manager
Business Analytics Tool
Our Business Analytics Tool equips you with the ability to make astute decisions, faster! It allows you to analyse your property’s pacing for future months in comparison to the same time last year and against budget.
With an easy-to-view dashboard, you can analyse data and quickly identify where action is required.
This tool allows hoteliers to data mine any date range for a specific period. You can analyse what markets are performing and where you can improve. It also gives you the ability to zone in and analyse specific date ranges with low or high levels of occupancy… you’re in control!
All the financial data you could ever need is at your fingertips.
- Ability to data mine
- Calculated decision making
- Consolidate your data
Pick Up Analysis Tool
Our new Pick Up Tool is an add-on to our Business Analytics Tool to provide you with a deeper analysis of your pick up on a daily, weekly or monthly basis broken down by Market Segment.
- Detailed data at your fingertips
- Overview and detailed analysis
- Identify trends and be proactive
Our automated rate shopper enables you to identify your competitor set and monitor their selling rates and trends.
Your 3 main competitors are included, and you can enjoy a 90-day view of their selling rates.
- 3 competitor hotels analysis
- Additional competitor hotels available *extra fees incurred
- 180-day rate shop
Cloud Based System
The Rate Wise system is cloud based, meaning you can access and manage your property’s rate management strategy and data anytime, anywhere.
We have connections formed with leading property management systems (PMS) and Channel Managers – with one click, you can update your rates from our RMS your PMS or Channel Manager.
- Ease of access
- Improved efficiency and productivity
- Consolidating all your systems (RMS, Channel Manager and PMS)
Partner with Rate Wise
We work with hoteliers to get the most from their business. If you are interested in partnering with us, get in touch.