Average Ratings 0 Ratings
Average Ratings 0 Ratings
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
No
API Access
Has API
No
Integrations
apaleo
Yes
Agilysys Analyze
No
Agilysys Visual One
No
Clock PMS+
Yes
Execu/Suite
No
IQware
No
Lodgical Solution
No
Logus
Yes
MSI CloudPM
No
RoomKeyPMS
No
Integrations
apaleo
Yes
Agilysys Analyze
Yes
Agilysys Visual One
Yes
Clock PMS+
No
Execu/Suite
Yes
IQware
Yes
Lodgical Solution
Yes
Logus
No
MSI CloudPM
Yes
RoomKeyPMS
Yes
Pricing Details
No price information available.
Free Trial
No
Free Version
No
Pricing Details
No price information available.
Free Trial
No
Free Version
No
Deployment
Web-Based
Yes
On-Premises
No
iPhone App
No
iPad App
No
Android App
No
Windows
No
Mac
No
Linux
No
Chromebook
No
Deployment
Web-Based
Yes
On-Premises
No
iPhone App
No
iPad App
No
Android App
No
Windows
No
Mac
No
Linux
No
Chromebook
No
Customer Support
Business Hours
Yes
Live Rep (24/7)
No
Online Support
Yes
Customer Support
Business Hours
Yes
Live Rep (24/7)
Yes
Online Support
Yes
Types of Training
Training Docs
Yes
Webinars
No
Live Training (Online)
Yes
In Person
Yes
Types of Training
Training Docs
Yes
Webinars
No
Live Training (Online)
Yes
In Person
Yes
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
No
Dynamic Pricing
No
For Airlines
No
For Hospitality Industry
No
Forecasting
No
Inventory Control
No
Price Optimization
No
Recommendation Engine
No
Yield Management
No
Product Features
Revenue Management
Competitor Analysis
No
Dynamic Pricing
No
For Airlines
No
For Hospitality Industry
No
Forecasting
No
Inventory Control
No
Price Optimization
No
Recommendation Engine
No
Yield Management
No