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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 Rate Wise?

Rate Wise emerges as a leading revenue management agency, delivering cloud-based software solutions and yield management consultancy for hotels and serviced apartments across the globe. Our skilled team boasts a varied background, partnering with an array of accommodations including hostels, campus housing, budget inns, and opulent five-star hotels. We cater to both branded hotel chains and independent venues, ensuring that our approach is customized to meet the unique needs of each client. For more than ten years, our revenue management system (RMS) has been a reliable option for hoteliers, effortlessly integrating your revenue strategies, property management system (PMS) data, and competitor insights. This powerful solution can effectively communicate your rate strategy back to your channel manager or PMS, depending on your specific setup. By automating your revenue processes, you not only conserve valuable time but also boost operational efficiency and reduce the likelihood of human errors. This strategic automation enables your team to concentrate on high-level planning and maintaining a broader perspective, rather than getting overwhelmed with data entry and navigating through extensive reports. Ultimately, Rate Wise equips your business with the tools necessary to excel in a competitive market, utilizing advanced technology to enhance revenue management in a meaningful way. As we continue to innovate, we remain committed to supporting our clients in achieving sustainable growth and success.

Media

Media

Integrations Supported

Agilysys Analyze
Agilysys Visual One
Execu/Suite
IQware
Infor HMS
MSI CloudPM
Mews
Opera
Rezlynx
RoomKeyPMS
SkyTouch Hotel OS
SkyWare PMS
Stayntouch PMS
Summer.fi
mycloud PMS
protel MICE
roommaster

Integrations Supported

API Availability

API Availability

Pricing Information

Pricing not provided

Pricing Information

Pricing not provided
Free Trial Offered?

Supported Platforms

SaaS

Supported Platforms

SaaS

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Customer Service / Support

Standard Support
Web-Based Support

Training Options

Documentation Hub
Online Training
On-Site Training

Training Options

Documentation Hub
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

Rate Wise

Date Founded

2007

Company Location

Ireland

Company Website

www.rate-wise.com

Categories and Features

Revenue Management

Not specified

Categories and Features

Revenue Management

Not specified

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