IDeaS RevPlan takes the pain out of budgeting and forecasting total revenue
Operations
Popular in Operations
POPULAR SEARCHES
FEATURED APPS
Revenue Management
Popular in Revenue Management
POPULAR SEARCHES
FEATURED APPS
Marketing
Popular in Marketing
POPULAR SEARCHES
FEATURED APPS
Guest Experience
Popular in Guest Experience
POPULAR SEARCHES
FEATURED APPS
Sorry, this functionality is only available for verified hoteliers
The project dashboard is a free tool that is only available to verified hoteliers to make adopting new technology easier by streamlining their research and simplifying their communication workflow.
FairPlanner (by Fairmas)
4.6 (25 REVIEWS)
HT Score
100 out of 100
Hotel Tech Score is a composite ranking comprising of key signals such as: user satisfaction, review quantity, review recency, and vendor submitted information to help buyers better understand their products.
Learn how HotelTechReport uses millions of proprietary datapoints to rank the best hotel software in the world
Learn how HotelTechReport uses millions of proprietary datapoints to rank the best hotel software in the world
FairPlanner (by Fairmas)
Ranked 1 (out of 11) in Budgeting
Fairmas - Your 360° Hospitality Financial BI Solution
93% recommended by 25 hotels
What is Fairmas?
Founded in 2003 | Headquarters in Berlin (Germany) | 70 employees
FairPlanner (by Fairmas) is a financial planning and management reporting software specifically designed for the hotel industry. It streamlines the entire financial planning process, offering advanced budgeting, forecasting, and reporting capabilities. This platform allows hoteliers to make process-driven decisions, customize workflows, and access accurate data with ease. By reducing reliance on spreadsheets, FairPlanner frees up valuable time, enabling users to focus on strategic decisions that enhance profitability. It seamlessly integrates into existing operations, providing a robust solution for sustainable financial growth in the hospitality sector.
Powered by AI
This description was generated by AI which analyzed the following sources to summarize a description of Fairmas products, features and capabilities. Leveraging user generated verified data sources allows us to generate a more helpful and realistic description for hoteliers free of sales promotion and hyperbole.
Sources
Verified hotelier reviews
We analyze all verified product reviews as a way to understand and summarize what real users/hoteliers are saying about the product to provide a more accurate and relevant description for buyers than only what vendors provide.
Fairmas Reviews Analyzed: 4
Read reviewsVerified expert recommendations
We analyze recommendations from industry experts who we ask to describe the most valuable features and capabilities of the product as well as key differentiators and what types of hotels the product works best for to extract unique insights and perspective for buyers.
Fairmas Expert Recommendations Analyzed: 0
Read expert recommendationsDescription provided by Fairmas
While its important to incorporate analysis from verified user reviews and industry experts to create more balanced content, the way a vendor describes their overall company and vision can also shed light on their unique perspective or way of doing business which is why the AI ingests this information as well to add more context to paint a picture of what the company says vs what users and industry experts say.
Fairmas's Provided Description:
"To enable you to make smarter decisions, achieve your goals & increase your profit, Fairmas provides a range of solutions for your hotel’s financial planning, controlling & management reporting needs, helping you grow & increase your profit for a sustainable future. With Fairmas, you can make process-driven decisions, customize your own workflows & receive better data. The less time you spend on spreadsheets, the more time you will have to make well-informed decisions and increase your profit. Think hotel financial solutions. Think Fairmas."
FAQs
Capabilities
Flexible planning scenarios
Flexible planning scenarios
Flexible budget, forecast & ‘what-if’ planning scenarios are at your fingertips
Free choice of market segments
Free choice of market segments
Select the level of detail of your market segments while planning & monitoring your room occupancy & revenue. Create your company’s standard market segmentation & map individual PMS segments from different hotels into the segments
Booking pace analysis
Booking pace analysis
Booking pace analysis & year-on-year comparison is also available.
Monthly overview & comparison
Monthly overview & comparison
Explore monthly overview for reservations “on the books” & deviations from budget & forecast. Monitor high and low demand and make data-driven decisions.
Daily pickup per market segment
Daily pickup per market segment
Daily pickup per market segment is provided for 365 days in advance to support predictive occupancy and rate planning
Daily Performance Updates
Daily Performance Updates
Pickup Tracking provides daily updates for “on the books” data compared to budget, forecast, actuals and same day last year and tracks pickup developments.
PickupTracking App
PickupTracking App
PickupTracking is also available in an App allowing you access to all relevant data no matter where you are and what time it is, available for both iOS and Android operating systems
Customisable event calendar -
Customisable event calendar -
Increase transparency of your planning by entering events in the planning and comparison period.
Planning the overall values or the pickup
Planning the overall values or the pickup
Comfortably switch between planning the total values or the pickup that you predict; based on your preferred market segmentation level. Plan hotel departments or profit centres separately.
KPIs at a glance
KPIs at a glance
Make informed decisions with key performance indicators (KPIs) at a glance. Compare individual properties & multi-property portfolios. Define content & information depth individually according to cost & profit centres & management level. Generate ad hoc reports quickly and easily.
Revenue planning & reporting
Revenue planning & reporting
Define your individual planning interval according to your property’s requirements. For e.g., plan your hotels during high season on a daily basis & plan on a monthly basis during low season
Available 24/7 with web-based access
Available 24/7 with web-based access
Use our solutions whenever and wherever you are with web-based access. Data is available on your fingertips with easy access using your smartphone.
Flexible revenue and cost planning
Flexible revenue and cost planning
Based on a customer-specific P&L chart of accounts framework, easy to implement & ready to use in all types of hotel businesses. Highly flexible & customizable according to each hotel’s specific requirements; a bridge from the P&L to the budget & forecast planning for all hotel departments.
Consolidate your hotel portfolio automatically
Consolidate your hotel portfolio automatically
Automate, standardise & consolidate data for all hotel properties with actual, planning (budget, forecast) & on the books (OTB) data. Receive daily updated hotel KPIs. Have full control over which scenarios are consolidated by linking a workflow. Keep a check on the overall economic picture of your whole portfolio, or by flexible sets and specific cluster combinations.
What if Scenarios
What if Scenarios
The “what if” scenarios offer you a flexible planning approach, without affecting the actual budget plan. Easily calculate alternative scenarios using the driver function.
Manage payroll costs
Manage payroll costs
Plan your salary & wage costs based on the manning guide with automatic calculation of non-wage labour costs, productivity calculation & bonus calculation.
Rolling Forecast feature
Rolling Forecast feature
Keep your key figures up to date with the Rolling Forecast feature & plan ahead. Use the daily or monthly forecast to make informed decisions & identify deviations before they occur.
150+ Interfaces
150+ Interfaces
70+ interfaces to the various property management, accounting, document management & revenue management systems. A specialized team is continuously adding new integration partners.
Features
Budget Creation & Planning
4/5 features
Financial Forecasting
4/5 features
Variance & Scenario Analysis
4/5 features
Multi-Property Consolidation
4/5 features
Performance Dashboards & Reporting
4/5 features
Collaboration & Workflow Tools
4/5 features
Key Integrations
4/5 features
Audit & Compliance Tracking
4/5 features
Available Add-ons & Modules
Revenue Planning & Analytics
Budgeting
Revenue Planning & Analytics is the detailed solution for efficient revenue planning and performance monitoring per profit center on monthly or daily basis.
P&L, Revenue & Cost planning & Consolidation
Budgeting
FairPlanner is a 360° Hospitality Financial Planning & Analysis Software. It is designed for efficient revenue & profitability planning for all departments based on hotel-specific P&L charts of accounts. With interfaces to all major data integration systems (PMS, ERP, etc.), it is an intuitive planning & controlling solution with a dashboard of relevant KPIs; 360° insights at a glance.
Daily performance analysis
Business Intelligence
For the simplified, up-to-date insight into the booking situation of today and the next 365 days. It enables efficient monitoring and optimization of the revenue management strategy based on the important hotel KPIs occupancy, ADR and RevPAR, without additional manual effort. Identify high and low demand periods for proactive action in Sales and Revenue Management.
Cash Flow Planning Module
Budgeting
The Cash Flow Planning module, a module in FairPlanner, enables planning of your working capital (operating cash flow). Fairmas empowers customers to plan and manage their operating cash flow efficiently by providing balance sheet accounts, enabling precise planning of cash inflows and outflows.
Fairmas Reviews Summary
Ease of Use
4.5/5
Customer Support
4.8/5
ROI
4.5/5
Implementation
4.6/5
Recommended by
Achievements
This vendor's trending score is rising, FairPlanner (by Fairmas) is the #1 most trending product in the Budgeting category (out of 11) and the #30 most trending product overall in the global hotel tech ecosystem. HTR assesses vendor's real time activity in the market to give buyers a sense of whether a product is gaining momentum
Learn moreFairmas’s customer support processes haven’t yet been verified by Hotel Tech Report.
Learn more about this achievement in the official press releaseThis vendor has not met the minimum criteria for the Certificate of Excellence which is awarded to vendors who exemplify transparent cultures and come highly recommended by their clients. For more information, please see the help center.
Learn about the criteria required to achieve HotelTechReport's Certificate of Excellence
Hotel Tech Score is a composite ranking comprising of key signals such as: user satisfaction, review quantity, review recency, and vendor submitted information to help buyers better understand their products.
Learn how HotelTechReport uses millions of proprietary datapoints to rank the best hotel software in the worldRecommended for
Fairmas Pricing
Average
This product is priced in line with the average product in the category which is usually an indicator that it is a standard product with standard functionality designed for typical operations and use cases and properties.
Get an Instant Price Estimate
Enter your room count to get an instant price estimate for your property
No matching results
Compare Fairmas to Top Alternatives
Streamline the financial planning process
The synergy of our analytics components coupled with the industry's most granular data model results into the world's most exceptional hospitality analytics experience.
Want to find out if Fairmas is the best fit for your hotel?
Tell us about your hotel’s location, room count, integrations and requirements and we’ll send a free custom list of recommended vendors.
Hotelier Rating
Looking for specific info?
10
a must tool for all size of properties
head of commercial from 200 to 499 room City Center Hotel in Floriana (Malta)
Verified
3 months ago
The flexibility to build different scenarios. An immense help in forecasting and during the budgeting season. and all the variations to compare between different seasons, budgets actulas.
Malta
Malta
head of commercial
X-Large Hotel
8
FairPlanner review
CFO from 500+ room Branded Hotel in Queenstown (New Zealand)
Verified
4 months ago
The ability to see forecast data at a glance, this aligns well when comparing budget reports along with dashboard summaries to provide valuable insights on the performance of our group.
New Zealand
New Zealand
CFO
X-Large Hotel
10
Great platform for collaboration
Director of Finance from 500+ room Branded Hotel in Canberra (Australia)
Verified
5 months ago
Fairmas replaced our Excel-based revenue planning, P&L forecasting, and budgeting processes. Moreover, it is a great platform for collaborating with our hotel managers and department heads, providing greater efficiency, ownership, and transparency.
Australia
Australia
Director of Finance
X-Large Hotel
10
Budgets, Reporting and Forecasting without the use of excel files.
Finance Director from 500+ room in (United Kingdom)
Verified
5 months ago
As someone who previously relied heavily on complex spreadsheets to manage data across multiple sites, I am incredibly impressed with the efficiency and ease that both Fairmas Planning and Fairpayroll have brought to our workflow. These two systems have completely eliminated the need for lengthy document linking and manual updates, saving u...
United Kingdom
United Kingdom
Finance Director
X-Large Hotel
8
Comprehensive business intelligence tool
DORM -Germany from 100 to 199 room Bed & Breakfast & Inn in Utrecht (Netherlands)
Verified
4 years ago
- Fast costumer service
- Intelligent filtering and comparing of data
- User friendly design and comprehensive layout
- Quick data upload
Netherlands
Netherlands
DORM -Germany
Large Hotel
10
Great tool
Director of Operations from 100 to 199 room Airport/Conference Hotel in Amsterdam (Netherlands)
Verified
4 years ago
Great tool to manage individual hotels. You keep overview on single and portfolio basis.
Very easy to work with.
The tool makes our budget and forecast process so much easier.
Netherlands
Netherlands
Director of Operations
Large Hotel
10
Different Brands, size of hotels, locations & cat. all can work with F-tool
Ass. Aquisistion & Dev. from 100 to 199 room Branded Hotel in Alboraya (Spain)
Verified
4 years ago
_ Forecast
- Budget
- Reporting in Excel
- support from the team
- Fairchain, for "set" Reporting
- diffferent szenarios in FC and Budget
Spain
Spain
Ass. Aquisistion & Dev.
Large Hotel
10
It is very easy to upload the data and compare it
TAMARIT BEACH RESORT from 200 to 499 room Resort in Tarragona (Spain)
Verified
4 years ago
It's very fast and agile, and allows you to compare the actual data of the forecasts and the old ones in a single report
Spain
Spain
TAMARIT BEACH RESORT
X-Large Hotel
9
Single- and Multi-Property Planning and Controlling Tool
Controlling from 10 to 24 room Boutique in Hamburg (Germany)
Verified
4 years ago
- Planning and Controlling of Single Entities or Regions / City
- Several Data extracts give the possibility to analysis different topics
- its possible to import data of Fairplanner in 3rd Party Systems
- Different views to analysis Current / Forecast / Budget
Germany
Germany
Controlling
Small Hotel
10
Very good P&L Controlling tool and easy to work with
Assistant to CFO/ Controlling from 200 to 499 room Bed & Breakfast & Inn in Munich (Germany)
Verified
4 years ago
- Displaying our P&L on hotel basis and generating Excel & PDF exports to work with
- Mapping of accounts is easy to implement and change
- Possibility to see individual transactions and amounts by clicking on segment level
- Possibility to generate own chart of accounts
- Very best customer service in case of problems (always friendly...
Germany
Germany
Assistant to CFO/ Controlling
X-Large Hotel
- 1
- 2
- 3
Expert Q&A and Partner Recommendations
Submit Recommendation
Question:
What does this product or service do well?
Answer:
Fairmas specializes in providing innovative financial planning and management solutions tailored to the hospitality industry. They enable their customers to make smarter decisions, achieve their goals, and increase profit with easy-to-use tools based on industry needs. One standout feature is that they integrate into hotels' existing operational tools, like hotelkit, enabling the automatic transmission of Revenue Analytics Reports. These reports ensure that directors and other decision-makers have immediate access to critical revenue data. This functionality streamlines the communication of planning and controlling-related information, helping them stay informed and aligned while reducing administrative effort.
Showing all answers to: "What does this product or service do well?"
Fairmas specializes in providing innovative financial planning and management solutions tailored to the hospitality industry. They enable their customers to make smarter decisions, achieve their goals, and increase profit with easy-to-use tools based on industry needs.
One standout feature is that they integrate into hotels' existing operational tools, like hotelkit, enabling the automatic transmission of Revenue Analytics Reports. These reports ensure that directors and other decision-makers have immediate access to critical revenue data. This functionality streamlines the communication of planning and controlling-related information, helping them stay informed and aligned while reducing administrative effort.
FairPlanner is the hotel-specific business intelligence solution for efficient and transparent revenue and profitability planning and interfaces with many systems like Property Management Systems and Accounting Systems.
Great daily status update on booking situation for hotels and groups including forecasting, budgeting , pace reports, etc.
Easy to use as well as great overview no matter if you are an individual hotel or a chain.
Fairmas is great to simplify and streamline the hotel's financial planning and reporting. A better understanding of the data will help hotels run their hotel more effectively. Their integrations (including the one to and from Revinate ) are great to automate this whole process and ensure the data quality.
Question:
What differentiates this product or service from the competition?
Answer:
Fairmas differentiates itself through its deep understanding of the unique financial needs of hotels and its commitment to process optimization. Their platform not only provides accurate and customizable analytics but also integrates seamlessly with tools like hotelkit to enhance operational workflows and ensure timely and reliable delivery of key data. By reducing administrative effort and fostering seamless communication, Fairmas enables decision-makers to focus on driving performance and achieving business objectives. Their tailored approach and commitment to innovation further set them apart as a trusted partner for financial and revenue management solutions in the hospitality industry.
Showing all answers to: "What differentiates this product or service from the competition?"
Fairmas differentiates itself through its deep understanding of the unique financial needs of hotels and its commitment to process optimization. Their platform not only provides accurate and customizable analytics but also integrates seamlessly with tools like hotelkit to enhance operational workflows and ensure timely and reliable delivery of key data.
By reducing administrative effort and fostering seamless communication, Fairmas enables decision-makers to focus on driving performance and achieving business objectives. Their tailored approach and commitment to innovation further set them apart as a trusted partner for financial and revenue management solutions in the hospitality industry.
As a web-based corporate performance management software, FairPlanner is a controlling and planning solution at the same time: The intuitive dashboard shows all relevant hotel key performance indicators (KPI) and market data for 360° insights for the corporate control at a glance.
Great and individual customer service as well as the time to improve the software on customer feature requests.
The software is easy to implement and ready to use in no time. Reports are easy to interpret and read.
Most positive are the easy to use and ready to use the software. Out of the box, hotels can use the systems to set KPIs and produce accurate business statuses. Furthermore, our joint customers comment about the excellent customer service and the flexibility of the team making hotel and hoteliers successful.
Question:
Based on your experience with this product or service, if you could give one piece of advice to a hotelier considering this product or service, what would it be?
Answer:
I would advise hoteliers to fully leverage Fairmas’ integration capabilities, especially with tools like hotelkit, to streamline operational workflows. The automated delivery of Revenue Analytics Reports ensures decision-makers have up-to-date financial data for more informed and timely decisions. Additionally, take the time to explore Fairmas’ customizable features, as tailoring the platform to your specific needs can unlock even greater value and efficiency for your hotel.
Showing all answers to: "Based on your experience with this product or service, if you could give one piece of advice to a hotelier considering this product or service, what would it be?"
I would advise hoteliers to fully leverage Fairmas’ integration capabilities, especially with tools like hotelkit, to streamline operational workflows. The automated delivery of Revenue Analytics Reports ensures decision-makers have up-to-date financial data for more informed and timely decisions. Additionally, take the time to explore Fairmas’ customizable features, as tailoring the platform to your specific needs can unlock even greater value and efficiency for your hotel.
FairPlanner is easy to implement and ready to use in all types of hotel businesses, being able to standardize and consolidate data regardless of the hotel locations. Our experience in working with Fairmas has always been very professional with a team always looking for new innovations.
Like all technologies, this tool is to support a hotelier, therefore it is important to still be on top of the game and know what is going on in the market. Systems know a lot but many times the human imput is missing, so it is very important to not only depend on the technology but do your part that complements technology and personal experience.
Fairmas will provide great technology and it is up to the hoteliers to use the technology proper and to the fullest and combine it with expert knowledge.
With any software purchase; do your homework because what is good for one hotel is not always great for others. Strategy first, processes second and technology comes last. Technology has the potential to improve and streamline your hotel operations, increase revenue and makes guest happier, but you have to select the right products that fit your needs and are suitable for the type of hotel you are.
Recommended by
Jasmin Hopf
Product Owner
@
hotelkit GmbH
Olga Tolle-Rodrigues
Sr. Manager, Global Alliances
@
IDeaS
Julia Schroeder
Head of Sales
@
Hotellistat
Jasmin Hopf
Product Owner
@
hotelkit GmbH
Olga Tolle-Rodrigues
Sr. Manager, Global Alliances
@
IDeaS
Julia Schroeder
Head of Sales
@
Hotellistat
Are you a consultant or vendor that recommends Fairmas?
Leave a recommendation
Fairmas Integrations
Need better tech connections?
SPONSORED
Find Great Pairing Apps
No matching results
No matching results
| Company | Functionality | |
|---|---|---|
|
Lighthouse
95% recommended by 1359 hotels |
Rate Shopping
+2 more |
|
|
hotelkit
94% recommended by 597 hotels |
Staff Collaboration Tools
+3 more |
|
|
Oracle Hospitality
92% recommended by 596 hotels |
Property Management Systems
|
|
|
Mews
91% recommended by 583 hotels |
Property Management Systems
|
|
|
RateGain
94% recommended by 580 hotels |
Hotel Rate Parity
|
|
|
Duetto
94% recommended by 569 hotels |
Revenue Management Systems
|
|
|
IDeaS
92% recommended by 509 hotels |
Revenue Management Systems
|
|
|
RMS
85% recommended by 356 hotels |
Hotel Management Software
|
|
|
Stayntouch
94% recommended by 210 hotels |
Property Management Systems
|
|
|
Amadeus
83% recommended by 153 hotels |
Hotel Reservations Software
|
Support
Unverified
Fairmas has not yet had their customer support processes certified by Hotel Tech Report. We recommend referencing the GCSC rubric during your demo call to make sure that this vendor has strong processes in place to support customers.
Support Not Verified
This vendor has not been GCSC Certified so Hotel Tech Report is unable to verify their support processes.
2025
Still gathering info?
Schedule a free 30-minute product demo consultation
Schedule free demo
Download the Free Guide
Your guide was sent!
Your guide was successfully sent to .
Get personalized product recommendations
Product recommendations advisor
You’re almost done
Are you sure you want to leave and lose your progress?
I want to continue
I want to leave