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What is Hotellab?

Enhance the profitability of your hotel by utilizing an advanced revenue management system that features dynamic pricing, demand analysis, load forecasting, competitor pricing insights, and effective segmentation of bookings alongside sales rate assessments. Our cutting-edge solutions merge innovations in revenue management with strategic marketing and cost efficiency, ensuring that both large hotel chains and quaint boutique lodgings see an immediate increase in profits. With the ability to seamlessly integrate with your property management system or channel manager, you can promptly adjust your pricing structure. Benefit from automated pricing updates that allow for swift assessments of booking increases and revenue forecasts across various dates, segments, booking sources, and room categories. Furthermore, keep a close eye on your competition's offerings and market availability while efficiently analyzing trends in pricing and room inventory. Equipped with detailed insights into competitor pricing, demand variations, booking behaviors, sales data, and other vital analytical metrics, you can strategically elevate your hotel's performance. By grasping the subtleties of market dynamics and consumer preferences, you can proactively refine your pricing strategies to enhance both occupancy rates and overall revenue, ultimately positioning your establishment for sustained success and growth in a competitive landscape. This proactive approach will ensure your hotel remains agile and responsive to changing market conditions.

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.

Media

Media

Integrations Supported

Clock PMS+
Lighthouse
Logus
STR
TL Channel Manager
apaleo

Integrations Supported

Clock PMS+
Lighthouse
Logus
STR
TL Channel Manager
apaleo

API Availability

Has API

API Availability

Has API

Pricing Information

Pricing not provided.
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

Hotellab

Company Website

hotellab.io/en/

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

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