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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 PriceEye?

AI and Machine Learning technologies significantly enhance Profit-Driven Pricing, Competitor Price Analysis, and Demand Prediction. Our Demand Planning methodology is both smart and flexible. We integrate the analytical power of machine learning with valuable human insights to form a holistic strategy. By taking into account local events, holidays, academic calendars, community events, social trends, and economic indicators, we are able to sharpen our forecasts successfully. Our offerings include Demand Forecasting, Store Ordering, Purchase Orders, and personalized Recommendations. We also emphasize the importance of optimizing Shelf Space Allocation. Through continuous monitoring and iterative enhancements, our Intelligent Demand Planning and Pricing strategies foster improved price realization, which in turn elevates both Sales and Margins. By investigating price elasticity for various products, locations, and timeframes, we can wisely set the right levels for mark-ups or markdowns. The application of Differential Pricing Strategies allows us to steer clear of aggressive price cuts from competitors, while A/B testing confirms the effectiveness of our suggested actions. The ongoing cycle of monitoring and refinement guarantees that our Intelligent Demand Planning adapts to the evolving market landscape. Furthermore, we emphasize the need to stay attuned to consumer behavior trends, ensuring our strategies are not only timely but also impactful. This commitment to agility allows us to proactively respond to shifts in the marketplace, enhancing our overall effectiveness.

Media

Media

Integrations Supported

Agilysys Analyze
Agilysys Visual One
Execu/Suite
GuestTracker
IQware
Infor HMS
Lodgical Solution
MSI CloudPM
MyHMS
Opera
RdpGuard
Rezlynx
RoomKeyPMS
Triptease
apaleo
mycloud PMS
protel MICE
roommaster

Integrations Supported

Agilysys Analyze
Agilysys Visual One
Execu/Suite
GuestTracker
IQware
Infor HMS
Lodgical Solution
MSI CloudPM
MyHMS
Opera
RdpGuard
Rezlynx
RoomKeyPMS
Triptease
apaleo
mycloud PMS
protel MICE
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

NextOrbit

Date Founded

2014

Company Location

India

Company Website

www.nextorbit.com/en/

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

Competitive Intelligence

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

Popular Alternatives

Popular Alternatives

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