Software Solutions

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YIELD MANAGEMENT SOFTWARE

The Rate Wise Yield Management Software is a cloud based rate management system designed to make intuitive rate suggestions using a finely tuned algorithm. This tool was built by a team of software developers and experienced hospitality professionals with the hotel, hostel and serviced apartment industries in mind.

Through cutting edge coding, intuitive algorithms and our in-depth knowledge of the industry, our Yield Management 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. 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.

We will assist you in building the relevant room types, setting up your rate rules, applying seasonality parameters and selecting your competitor set. We will ensure your system is finely tuned to respond accurately to the trends of your business and the market place around you.

 

  • Variable pricing strategy
  • Maximise revenue
  • Integration with your PMS or channel manager if desired

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.

You can also deep dive into your data for any chosen historical or future period. You can refine your pickup by market segment for any date range over the course of a year.

All the financial data you could ever need is at your finger tips.

 

  • Ability to data mine
  • Calculated decision making
  • Consolidate your data

RATE SHOPPER

Our automated rate shopper enables you to identify your competitor set and monitor their selling rates and trends.

You can load up to 10 competitor properties and enjoy a 90 day view of their selling rates, delivered to your inbox each morning.

 

  • 10 competitor hotels
  • Automated daily rate
  • 90 day rate shop

FORECASTING WIZARD

Using the data from your business analytics report, our forecasting wizard allows you to accurately forecast your future business.

It helps you to calculate risks and occurring trends based on seasonal factors as well as all previously recorded data.

You can choose how to forecast for your property. The forecasting tool can be set to the day of the week or should you require more in-depth forecasting, our wizard can analyse by market segment also.

 

  • Ability to data mine
  • Calculated forecasting
  • Forecast by market segment

CONSOLIDATED REPORTING

Our consolidated reporting allows clients who manage more than one property to have a macro view of their business.

It will provide you with a quick view as to how each property currently stands versus budget, versus forecast, versus pacing last year, versus last year final. These snap shot reports give you a glance view to help you make quick and effective decisions.

Consolidated reporting is only available if you are subscribed to Business Analytics Tool.

Connectivity Partners