Software
Software
Software
Service
Software
Hardware
Rate Shopper (price comparison)
Revenue Management
Rate Shopper is a tool that allows hotels to automatically compare room rates with those of competitors across different distribution channels.
Advantages
- Facilitates pricing decisions by providing detailed information on competitor rates in real time. - Allows you to adjust pricing strategies to maximize hotel occupancy and revenue.
Features
Real-time monitoring and analysis of room rates and availability across multiple distribution channels, including hotel websites, OTAs (Online Travel Agencies), metasearch engines, and other booking channels, to identify opportunities for price optimization and revenue maximization. Comparison of prices and booking conditions among direct and indirect competitors, including published rates, special promotions, cancellation policies, and added value, to remain competitive in the market and adjust pricing strategies as needed. Monitoring demand and market trends across different customer segments, booking periods, and destinations, utilizing predictive analytics tools and regression models to forecast changes in demand and adjust pricing strategies accordingly. Generating automatic alerts and notifications regarding significant changes in rates and availability, market anomalies, or events that may impact demand, to make rapid, strategic decisions that maximize profitability and minimize the risk of overbooking or underbooking. Integration with the hotel management system (PMS) and other revenue management tools to ensure data synchronization and effective implementation of pricing decisions across all distribution channels, minimizing duplication of efforts and maximizing operational efficiency.