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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 LodgIQ?

LodgIQ RM is reshaping hotel revenue management on a global scale, impacting over 100 markets and changing how hoteliers optimize their earnings. By harnessing state-of-the-art data science and machine learning methods, our platform offers real-time pricing recommendations that improve decision-making processes. This results in enhanced forecasting precision, more strategic room rates, and a notable increase in return on investment. Furthermore, RM Droid serves as an automated revenue management aide that works unobtrusively in the background, utilizing advanced machine learning algorithms to make continuous, data-informed decisions. The combination of these innovative technologies not only simplifies operations but also equips hoteliers with the tools they need to remain competitive in an ever-evolving industry landscape. Consequently, this transformation enables hoteliers to focus more on guest experiences while ensuring financial success.

Media

Media

Integrations Supported

IQware
Infor HMS
Mews
MyHMS
Stayntouch PMS
protel MICE
roommaster
Agilysys Analyze
Agilysys Visual One
Execu/Suite
MSI CloudPM
Opera
Protel Cloud PMS
RMS Cloud
RdpGuard
Rezlynx
SkyWare PMS
mycloud PMS

Integrations Supported

IQware
Infor HMS
Mews
MyHMS
Stayntouch PMS
protel MICE
roommaster
Agilysys Analyze
Agilysys Visual One
Execu/Suite
MSI CloudPM
Opera
Protel Cloud PMS
RMS Cloud
RdpGuard
Rezlynx
SkyWare PMS
mycloud PMS

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

LodgIQ

Date Founded

2015

Company Location

United States

Company Website

lodgiq.com

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

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

Revenue Management

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

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