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Average Ratings 0 Ratings

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ease
features
design
support

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Description

Profit-Driven Pricing, Competitor Price Analysis, and Demand Prediction are all enhanced through AI and Machine Learning technologies. Our approach to Demand Planning is both intelligent and adaptive. We merge machine learning capabilities with human insights to create a comprehensive strategy. By factoring in local events, holidays, school schedules, community activities, social trends, and economic indicators, we refine our forecasts effectively. Our services encompass Demand Forecasting, Store Ordering, Purchase Orders, and tailored Recommendations. We also focus on optimizing Shelf Space Allocation. With ongoing monitoring and iterative improvements, our Intelligent Demand Planning and Pricing strategies lead to better price realization that boosts both Sales and Margins. By analyzing price elasticity across different products, locations, and days, we can strategically determine the appropriate level of mark-up or markdown. Implementing Differential Pricing Strategies helps us avoid competitive price slashing, while A/B testing validates the effectiveness of our recommendations. The cycle of continuous monitoring and refinement ensures that our Intelligent Demand Planning evolves to meet changing market needs. Additionally, we prioritize responsiveness to consumer behavior trends, ensuring our strategies remain relevant and effective.

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

Agilysys Analyze
GuestTracker
IQware
Infor HMS
Lodgical Solution
MSI CloudPM
Mews
Opera
RdpGuard
Rezlynx
RoomKeyPMS
SkyTouch Hotel OS
Summer.fi
Triptease
WebRezPro
apaleo
mycloud PMS

Integrations

Agilysys Analyze
GuestTracker
IQware
Infor HMS
Lodgical Solution
MSI CloudPM
Mews
Opera
RdpGuard
Rezlynx
RoomKeyPMS
SkyTouch Hotel OS
Summer.fi
Triptease
WebRezPro
apaleo
mycloud PMS

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

NextOrbit

Founded

2014

Country

India

Website

www.nextorbit.com/en/

Vendor Details

Company Name

SHR

Founded

1987

Country

United States

Website

shr.global/wave-revenue-management-system/

Product Features

Competitive Intelligence

Alerts/Notifications
Benchmarking
Competing Product Analysis
Keyword Tracking
Social Media Monitoring
Trend Analysis
Website Monitoring

Product Features

Revenue Management

Competitor Analysis
Dynamic Pricing
For Airlines
For Hospitality Industry
Forecasting
Inventory Control
Price Optimization
Recommendation Engine
Yield Management

Alternatives

PriceMind Reviews

PriceMind

NextOrbit

Alternatives

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DemFor

NextOrbit
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MLmargin

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