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Ratings and Reviews 0 Ratings
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Boost your RevPar performance through immediate and automated rate optimization that guarantees the implementation of the most effective pricing strategies to maximize revenue with each booking. In the current landscape driven by data, we understand the immense value of information. As data volumes continue to surge, Hotelitix reveals real-time revenue enhancement opportunities, precisely forecasting the price changes your hotel needs to make in order to elevate overall performance. You have the option to automatically approve all pricing recommendations with the Autopilot feature, or you can selectively accept, adjust, or reject them based on your in-depth understanding of your hotel's operations. Once you finalize the pricing, it will integrate effortlessly with your PMS, CRS, or channel manager. Utilizing a foundation of artificial intelligence, Hotelitix harnesses probabilistic modeling and regression analysis not only to predict demand trends but also to support informed strategic pricing decisions. This cutting-edge methodology guarantees that your hotel stays competitive and agile in response to market fluctuations. By utilizing these sophisticated tools, you can enhance your profitability while still retaining oversight of your pricing strategies, ensuring your hotel thrives in a competitive environment. As your business adapts to the rapidly changing market, maintaining flexibility in pricing will be crucial for long-term success.
What is FareVantage?
Daily fare updates can feel overwhelming, often forcing you to resort to a "set and forget" approach for many routes, which can negatively impact your profitability. Our software streamlines this process, allowing for hassle-free large-scale updates that boost your revenue potential. Improve your forecasting for sports and events with a tool designed to assess demand from the customer's viewpoint, ensuring you seize every opportunity available. Meet FareVantage™, the revolutionary software that includes walk-up demand in its forecasting models. Recognizing the importance of precise forecasting, we've created a solution that enhances accuracy by 35% compared to the competition. In the event of unexpected schedule changes, FareVantage™ automatically recalibrates pricing, significantly reducing your workload. Picture having all your potential revenue opportunities conveniently displayed on a single dashboard—this is what our priorities dashboard delivers. With FareVantage™, you gain unprecedented control over your pricing strategies, empowering you to optimize your financial outcomes effectively. By leveraging this innovative tool, you can confidently navigate the complexities of fare management.
Integrations Supported
Additional information not provided
Integrations Supported
Additional information not provided
API Availability
Has API
API Availability
Has API
Pricing Information
$6 per room
Free Trial Offered?
Free Version
Pricing Information
Pricing not provided.
Free Trial Offered?
Free Version
Supported Platforms
SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux
Supported Platforms
SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux
Customer Service / Support
Standard Support
24 Hour Support
Web-Based Support
Customer Service / Support
Standard Support
24 Hour Support
Web-Based Support
Training Options
Documentation Hub
Webinars
Online Training
On-Site Training
Training Options
Documentation Hub
Webinars
Online Training
On-Site Training
Company Facts
Organization Name
Hotelitix
Company Location
United States
Company Website
hotelitix.com
Company Facts
Organization Name
Revenue Analytics
Date Founded
2005
Company Location
United States
Company Website
www.revenueanalytics.com/rail/farevantage
Categories and Features
Revenue Management
Competitor Analysis
Dynamic Pricing
For Airlines
For Hospitality Industry
Forecasting
Inventory Control
Price Optimization
Recommendation Engine
Yield Management
Categories and Features
Revenue Management
Competitor Analysis
Dynamic Pricing
For Airlines
For Hospitality Industry
Forecasting
Inventory Control
Price Optimization
Recommendation Engine
Yield Management