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Average Ratings 0 Ratings

Total
ease
features
design
support

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Write a Review

Description

Maximize your hotel's profitability by leveraging a sophisticated revenue management system that incorporates dynamic pricing, load forecasting, demand analysis, and competitor pricing, along with effective booking segmentation and sales rate evaluations. Our innovative solutions combine advancements in revenue management, marketing strategies, and cost optimization, ensuring increased profits from the outset for both major hotel chains and charming boutique establishments. With seamless integration into your property management system or channel manager, you can instantly update your pricing structure. Enjoy the convenience of automated pricing adjustments, enabling you to rapidly assess booking growth and revenue projections for various dates, segments, booking origins, and room types. Additionally, monitor your competitors' offerings and market availability, while analyzing pricing trends and room inventory effectively. Armed with comprehensive data on competitor pricing, demand fluctuations, booking patterns, sales metrics, and other critical analytical indicators, you can strategically position your hotel for enhanced success. By understanding the nuances of market behavior and consumer demand, you can proactively adapt your pricing strategy to boost occupancy and revenue.

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

Screenshots View All

Screenshots View All

Integrations

apaleo
Agilysys Analyze
Clock PMS+
GuestTracker
IQware
Infor HMS
Lighthouse
Lodgical Solution
MSI CloudPM
MyHMS
Rezlynx
STR
Stayntouch PMS
Summer.fi
TL Channel Manager
Triptease
WebRezPro
protel MICE
roommaster

Integrations

apaleo
Agilysys Analyze
Clock PMS+
GuestTracker
IQware
Infor HMS
Lighthouse
Lodgical Solution
MSI CloudPM
MyHMS
Rezlynx
STR
Stayntouch PMS
Summer.fi
TL Channel Manager
Triptease
WebRezPro
protel MICE
roommaster

Pricing Details

No price information available.
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

Hotellab

Website

hotellab.io/en/

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

Alternatives

Alternatives