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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 RateBoard?

Enhance your earnings with flexible pricing tactics. Our cutting-edge algorithm delivers daily price suggestions that maximize profitability by leveraging the most relevant data available. Additionally, you will benefit from our intelligent alert system, which is designed to save you substantial time. Gone are the days of poring over numerous Excel spreadsheets, as our software streamlines a vast amount of information for you. Our powerful pricing algorithm evaluates multiple factors, including past and present booking patterns, competitor rates, market demand, weather influences, customer feedback, special occasions, and holidays. By optimizing your processes and easily integrating with your existing systems, you can minimize the chances of data management errors and reclaim precious time. A successful pricing strategy is crucial for any hotel or resort striving for achievement. We will walk you through the essentials of revenue management in the hospitality industry, showing you how to apply pricing and length-of-stay strategies while evaluating your revenue performance to maximize profits. With our support, you can discover the true potential of your pricing strategy and drive your business forward. Ultimately, this approach not only enhances your revenue but also contributes to a more efficient operational model.

Media

Media

Integrations Supported

Mews
Opera
Rezlynx
apaleo
protel MICE
Agilysys Analyze
Beds24
Clock PMS+
Ericsoft Booking Engine
IQware
Infor HMS
Lodgical Solution
MSI CloudPM
MyHMS
Notified Governance Hotline
Octorate
Passepartout Welcome
roommaster

Integrations Supported

Mews
Opera
Rezlynx
apaleo
protel MICE
Agilysys Analyze
Beds24
Clock PMS+
Ericsoft Booking Engine
IQware
Infor HMS
Lodgical Solution
MSI CloudPM
MyHMS
Notified Governance Hotline
Octorate
Passepartout Welcome
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

RateBoard

Date Founded

2015

Company Location

Germany

Company Website

www.rateboard.io/en/revenue-management-software

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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