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Description
Luca's innovative pricing engine harnesses artificial intelligence to analyze sales trends and market data, enabling informed decisions regarding pricing and promotions. To formulate a comprehensive pricing strategy, integrate a mix of both category-specific and overarching business objectives along with established guidelines. Incorporate competitor price limits, desired profit margins, rounding rules, and other relevant parameters while considering how these constraints influence each SKU. Establish a clear north star for your pricing goals, balancing the trade-off between maximizing revenue and ensuring profitability. Additionally, employ an AI-driven matching algorithm that identifies both exact and partial product matches, allowing businesses to competitively price not only directly comparable items but also reasonable alternatives. Set a pricing adjustment schedule that aligns with your operational needs and assess the anticipated effects of each modification at both the SKU and overall business level. Encourage collaboration by inviting your entire team to access the Luca dashboard, fostering joint decision-making. With a detailed metrics dashboard, eliminate uncertainty by gaining insights into the expected outcomes of each pricing adjustment, ensuring that your strategies are data-driven and effectively aligned with market demands. This holistic approach empowers organizations to adapt swiftly and strategically to changing market conditions.
Description
A powerful combination of conversion rate optimization tools that will drive higher direct bookings
Show your guests that you have the same rate or better than the OTAs to give them confidence in booking directly. Rate Match®, which is available in thousands of hotels across the globe, has an average 56% increase in conversion rates.
Rate Match lets you control your parity performance and drive record-setting direct bookings, whether you own one hotel or multiple properties. You will receive instant notifications when Rate match finds a lower price elsewhere. There are also options to match the price or make the lower rate immediately bookable according to your rules. Rate Match allows you to adjust your prices as little as 1% to match an OTA's price. This will allow you to capture more bookings, drive significantly higher revenue per visitor, and preserve your average booking value.
API Access
Has API
API Access
Has API
Screenshots View All
No images available
Integrations
Amazon
Amplitude
BigCommerce
Cendyn Booking Engine
Databricks Data Intelligence Platform
Fivetran
Google Analytics
Magento
Microsoft Dynamics 365
NetSuite
Integrations
Amazon
Amplitude
BigCommerce
Cendyn Booking Engine
Databricks Data Intelligence Platform
Fivetran
Google Analytics
Magento
Microsoft Dynamics 365
NetSuite
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
Luca
Country
United States
Website
www.askluca.com
Vendor Details
Company Name
Cendyn
Founded
1996
Country
United States
Website
go.cendyn.com/cendyn/sourceforge/rate-match
Product Features
Pricing Optimization
Channel Analysis
Competing Product Analysis
Forecasting
Market Analysis
Multi-Store Management
Price List Management
Price Optimization Automation
Pricing Analytics
Profitability Analysis
Scenario Planning
Product Features
Pricing Optimization
Channel Analysis
Competing Product Analysis
Forecasting
Market Analysis
Multi-Store Management
Price List Management
Price Optimization Automation
Pricing Analytics
Profitability Analysis
Scenario Planning
Reservations
Activities Booking
Booking Notes
CRM
Customer Support
Group Reservations
Guest Management
Payment Processing
Promotions Management
Rate Management
Room Booking Management
Third Party Booking