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Description
Elevate your RevPar results through instantaneous, automated rate optimization that ensures you implement the most effective pricing strategy to enhance revenue on every booking. In today's data-driven economy, we recognize that information is invaluable. With the volume of data growing rapidly, Hotelitix uncovers real-time opportunities for revenue enhancement, accurately predicting the necessary price adjustments your hotel should undertake to boost overall performance. You have the flexibility to approve all pricing suggestions automatically with Autopilot, or you can choose to accept, modify, or decline them based on your expert knowledge of your hotel's operations. After you confirm the prices, they will seamlessly integrate with your PMS, CRS, or channel manager. Built on a foundation of artificial intelligence, Hotelitix employs probabilistic modeling and regression analysis to not only forecast demand trends but also to aid in making informed strategic pricing choices. This innovative approach ensures that your hotel remains competitive and responsive to market dynamics. By leveraging these advanced tools, you can maximize your profitability while maintaining control over your pricing strategies.
Description
Wave combines cutting-edge AI with a personal touch, enabling modern revenue managers to escape the confines of traditional 'black box' revenue management systems. This innovative platform offers an unprecedented level of ease and control not typically available in existing RMS solutions. With its distinctive strategy builder tool, Wave equips revenue managers with customizable AI models tailored to their hotel's specific strategy, enhancing transparency in pricing suggestions and allowing hoteliers to focus on managing their establishments effectively. Additionally, Wave caters to those hotels that may not currently utilize an RMS but require a robust revenue management framework. It is designed for hotels of all sizes that struggle with the capacity and resources needed to analyze and act on their data effectively. Furthermore, the system automates demand forecasting through non-linear calculations, improving price elasticity assessments and promoting smarter decision-making in revenue strategies. Ultimately, Wave empowers hotels to optimize their revenue management processes like never before.
API Access
Has API
API Access
Has API
Integrations
Agilysys Analyze
Agilysys Visual One
GuestTracker
Infor HMS
Lodgical Solution
MSI CloudPM
Mews
Opera
RdpGuard
Rezlynx
Integrations
Agilysys Analyze
Agilysys Visual One
GuestTracker
Infor HMS
Lodgical Solution
MSI CloudPM
Mews
Opera
RdpGuard
Rezlynx
Pricing Details
$6 per room
Free Trial
Free Version
Pricing Details
No price information available.
Free Trial
Free Version
Deployment
Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook
Deployment
Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook
Customer Support
Business Hours
Live Rep (24/7)
Online Support
Customer Support
Business Hours
Live Rep (24/7)
Online Support
Types of Training
Training Docs
Webinars
Live Training (Online)
In Person
Types of Training
Training Docs
Webinars
Live Training (Online)
In Person
Vendor Details
Company Name
Hotelitix
Country
United States
Website
hotelitix.com
Vendor Details
Company Name
SHR
Founded
1987
Country
United States
Website
shr.global/wave-revenue-management-system/
Product Features
Revenue Management
Competitor Analysis
Dynamic Pricing
For Airlines
For Hospitality Industry
Forecasting
Inventory Control
Price Optimization
Recommendation Engine
Yield Management
Product Features
Revenue Management
Competitor Analysis
Dynamic Pricing
For Airlines
For Hospitality Industry
Forecasting
Inventory Control
Price Optimization
Recommendation Engine
Yield Management