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What is Wave RMS?

Wave integrates advanced AI technology with a personalized approach, allowing contemporary revenue managers to break free from the limitations of conventional 'black box' revenue management systems. This groundbreaking platform provides an unparalleled degree of simplicity and oversight that is often lacking in traditional RMS solutions. Featuring a unique strategy builder tool, Wave enables revenue managers to create customized AI models that align with their hotel's individual strategies, thus increasing transparency in pricing recommendations and allowing hotel operators to concentrate on running their businesses effectively. Moreover, Wave appeals to hotels that do not currently employ an RMS yet seek a comprehensive revenue management framework. It is specifically crafted for properties of all sizes that face challenges in analyzing and leveraging their data due to limited capacity and resources. In addition to these features, the platform automates demand forecasting using non-linear calculations, enhancing price elasticity evaluations and facilitating more informed decision-making in revenue strategies. Ultimately, Wave not only streamlines revenue management processes but also transforms how hotels approach their financial optimization, ensuring they remain competitive in a rapidly evolving marketplace. As a result, users can expect to see significant improvements in their revenue management outcomes, setting a new standard in the industry.

What is rainmaker?

A revenue management system aimed at optimizing profits across all facets of both group and transient business. Transition from conventional, rule-based revenue strategies to leverage the effectiveness of scientific analysis. Rainmaker employs advanced statistical methodologies to ensure its predictions swiftly adapt to market changes, leading to improved outcome stability. By considering various guest behaviors within your establishment, such as supplementary expenditures, you can boost your revenues by 7-10%. This system is founded on concrete data and is free from rigid guidelines. It functions as a holistic approach to enhancing revenue and profitability. Furthermore, it detects unexpected events or unusual demand patterns that may escape human scrutiny. This meticulous, data-oriented segmentation of demand caters to the unique business environment of your hotel. With forecasting models that account for multiple influences on demand, you can transcend basic rule-based methods and embrace a scientifically grounded strategy that offers a thorough insight into your operational needs. Ultimately, such a system equips you with the tools to make well-informed decisions, paving the way for significant financial advancement and long-term sustainability. This strategic approach not only helps in optimizing pricing but also ensures that your business remains competitive in an ever-evolving market landscape.

Media

Media

Integrations Supported

Agilysys Analyze
Agilysys Visual One
Execu/Suite
IQware
Lodgical Solution
MSI CloudPM
Opera
RdpGuard
Rezlynx
RoomKeyPMS
SkyWare PMS
Stayntouch PMS
Summer.fi
WebRezPro
apaleo
mycloud PMS
roommaster

Integrations Supported

Agilysys Analyze
Agilysys Visual One
Execu/Suite
IQware
Lodgical Solution
MSI CloudPM
Opera
RdpGuard
Rezlynx
RoomKeyPMS
SkyWare PMS
Stayntouch PMS
Summer.fi
WebRezPro
apaleo
mycloud PMS
roommaster

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

SHR

Date Founded

1987

Company Location

United States

Company Website

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

Company Facts

Organization Name

Cendyn

Date Founded

1996

Company Location

United States

Company Website

www.cendyn.com/rainmaker-revenue-management/

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

Popular Alternatives

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