Pricing Optimization

4/5 features

Price Explanation

RMS can be perceived as black box systems where users struggle to understand the outputs, which in an automated environment is critical to build trust between human and machine. This feature provides rationale for pricing outputs to users in easy to understand language and visualizations.
Enterprise Business Guidelines

Enterprise Business Guidelines allow corporate revenue managers, cluster revenue managers and revenue management system directors to implement best practices and pricing guidelines for individual properties/Increases efficiency of corporate revenue teams and reduces administrative overhead and ensures corporate strategies are followed.
Alternate Stay Date Recommendations

Allows the RM to find and suggest the optimal alternative date(s) to take group business/Allows RMs to take the right group business at the right time for the right rate.
Alternate Property Reccomendations

The application suggests alternate properties that may be a better fit for the group given the budget/Ensuring you take the right group business without denying or closing out availability to groups
Real-time price optimization

As soon as a change in the market or at the hotel occurs, the software will react in real-time with a measure to that change in activity if necessary. There is no need to wait for an "optimization run" to happen like it has been in the past.
Dynamic Price Hierarchy Control

Each room type is priced dynamically but always respects the room price hierarchy.
Open Pricing

Open Pricing allows hotels to yield each segment, channel and room type independently in real time. Open pricing gives hotels the ability to price all room types, channels and dates independently of each other to maximize revenues without having to close any off./Hotels can price each room across all channels based not on BAR, but on the demand for those specific products and segments. It means never closing the door on a guest who wants to book a hotel. And it means maximizing revenue by selling the right room to the right customer at the right time for the right price.
Guided workflows

Workflows within the application to guide new users through revenue management best practices and day-to-day activities using the software.
"What-if" scenario analysis

Get detailed forecasts on an inventory level to help you to explore how different configurations of your rooms and rates would maximize group revenue.
Dynamic Pricing

Ability to adjust prices based on rules and conditions/Provides for flexibility and control without making daily pricing changes
Set Boundaries

Set minimum and maximum prices, making sure your rates are always in your comfort-zone.
Manage Exceptions

Change individual dates by making percentage adjustments or fixing prices
Group Pricing

Instantly calculate the optimal rate for groups and make data-driven decisions on which business to accept.
Manage Restrictions

Use restrictions to control your business mix and know when to close out corporate rates and maximize revenue from your transient business.
Manage Sell-Outs & Cancellations

Optimize overbooking to account for all expected cancellations, no-shows and group wash across all market segments and grow on-site spend
Business Mix Optimization

Flexibly optimize business mix by managing product availability based on value and drive shoulder night performance
Define Cycles

Manage seasonality and day-of-week patterns with monthly and weekday adjustments.
Yield Room Types Individually

React to different booking behavior on an individual room-type basis
Bulk Adjustments

Apply more granular modifications with simple bulk-adjustment features
24-Months Pricing & Forecasting

Ability to adjust prices 24-months into the future in real time providing better control to take advantage of even the slightest changes in the market 24-months into the future and avoid missing future opportunities.
Component/virtual room pricing

Prices components or virtual room types; Helps tailor pricing to unique configurations, boosting revenue from non-standard inventory.
Extended stay pricing

Applies demand-based dynamic pricing for multiple length of stay tiers; Maximize revenue from longer stays by pricing based on their unique demand patterns.
Upsell pricing

Optimizes pricing for room upgrades and add-ons; Drives incremental revenue by encouraging guests to choose premium options.
Hurdle rate

Minimum acceptable rate that drives availability controls based on booking value; Protects revenue integrity by filtering out low-value bookings and improving shoulder night performance.

Market Intelligence & Forecasting

4/5 features

Five-Year Forecasting

Allows users to build demand and financial forecast for up to five years into the future/increased visibility.
365-Day Forward Pricing

Set prices 365 days into the future
STR Data

Connect your RMS to STR compset data to leverage in your yield strategy and decision making.
18-Month Forward Pricing

Set prices 18-months into the future.
Price sensitivity modeling

Ability to run pricing scenario analysis and sensitivity models to project demand at various price levels.
Multi-Property Dashboard

Monitor the performance of your entire hotel portfolio by providing you with aggregated KPIs.
Market Intelligence Data

Improve decisions by incorporating competitor influence within your selected competitive set and position, optional reputation and sentiment scores to monetize on your online reputation, or view STR data within the dashboard for quick reference.
Interactive Customizable Dashboards

Visual heat map calendars, interactive dashboards and scheduled reports keep users of all levels informed and engaged. Multi-property reporting capabilities makes it easy for corporate teams as well as cluster revenue managers.
Future Market Demand Data

Monitor hotel booking demand in any geographical market in your RMS, 365 days into the future to better understand traveler intent and capture recovering demand with the right rates and offers based on forward-looking data.
Financial Forecast Builder

The ability to build a user-financial forecast and budget that can be locked into the system for use in reporting and pricing which reduces the time it takes to build a forecast and centralizes forecast and budget data into one system.
Extended stay forecasting

Predicts demand patterns for multiple length of stay tiers; Improves inventory planning and pricing strategies for longer guest stays.
Channel forecasting

Forecasts demand by distribution channel (e.g., direct, OTA); Enables channel-specific strategies to improve mix and reduce costs.
Forecast explanation

Provides transparency into forecast influences; Builds user confidence and supports informed decision-making.
Flexible competitor data

Allows customization of comp sets and how the data is used by the system; Improves market responsiveness and pricing competitiveness.

Dashboards & Reporting

4/5 features

Custom Reports

The ability to slice and dice your data as you need with an easy to use report builder interface/flexible, customizable, and works for all different hotel types.
Scheduled Reports

The ability to schedule reports to be delivered via email at a day, time and frequency of the user's choosing/automates manual report runs and saves time pulling data.
Lost Business Data

Lost Business Data describes the information an RMS collects from a hotel’s booking engine about each visitor that comes to the hotel's website. It is used to to inform hoteliers on how many potential customers are shopping on the website.
Analytics dashboard
Interactive Customizable Dashboards

Visual heat map calendars, interactive dashboards and scheduled reports keep users of all levels informed and engaged. Multi-property reporting capabilities makes it easy for corporate teams as well as cluster revenue managers.
Market Insights Reporting

Analyze thousands of market prices we make sure you never miss an opportunity
Pickup Analysis

You’re getting fewer or more bookings than expected? Our optimization algorithm will react quickly
Booking Pattern Analysis

Track each booking in real time to understand booking patterns, drive relevant promotions, and control your supply.
Event Data

Get real-time updates on events including: concerts, sports games to exhibitions and trade shows to inform your yield strategy.
Price Change Logs

Drill into every price update and every booking. There's full transparency on how your business is performing and how the pricing engine makes its decisions.
Customizable Notifications & Alerts

User-defined alerts proactively monitor the system’s key changes, providing notifications when business conditions significantly shift.
Displacement Analysis

Eliminate the need to pull data from different systems when running a Displacement Analysis.
Group Pricing & Evaluation

Evaluate the best dates and property to place group business while understanding expected displacement and profitability.
Multi-Property Dashboard

Monitor the performance of your entire hotel portfolio by providing you with aggregated KPIs.
System benefit measurement

While accounting for market uplift, quantifies the impact of system recommendations and automation on revenue, occupancy and ADR; Demonstrates ROI of the RMS investment.

Automation

4/5 features

Controlled Automation/Algorithm Customization

The ability for customers to operate in a hybrid manual / automated manner / highly increases the adoption of automation and allows companies to apply strategies and controls to their automation.
Automated Room-Type Pricing

Room-type pricing is automated based upon factors such as room type availability, demand and seasonality. With automated room-type pricing, revenue managers have a much better understanding of the additional revenue by room type they’ve achieved/The data is available to analyze room type efficiency, comparing actual ADR of room type differences to set pricing differentials. Comparing room types sold versus room types occupied helps hoteliers better understand whether they are capturing the right amount of revenue from higher room types or whether front-desk clerks are offering too many free upgrades. Armed with this information, hotel revenue managers can test strategies such as pre-arrival marketing campaigns as well as educating the front desk staff on how best to sell upgrades. Group and corporate sales teams can also be educated on how to quote multiple room types when selling.
Fully automated revenue management
Dynamic Pricing

Ability to adjust prices based on rules and conditions/Provides for flexibility and control without making daily pricing changes
AI Optimization

Continually learns and adapts to how pricing and controls impact booking patterns and demand to improve outputs. Decisions are seamlessly distributed to key technology systems.
Automatic Pricing Updates

Software will optimize your prices throughout the day and directly update in your PMS or Channel Manager

Multi-Property Functionality

4/5 features

Inventory Management

Ability to provide recommendations/decisions on yielding availability/ Rate is only part of revenue management, availability controls (minimum length of stay, open or close, overbooking) have just as great an impact.
Multi-property Management
Multi-Property Dashboard

Monitor the performance of your entire hotel portfolio by providing you with aggregated KPIs.

Group Business

4/5 features

Group Pricing & Evaluation

Evaluate the best dates and property to place group business while understanding expected displacement and profitability.
"What-if" scenario analysis

Get detailed forecasts on an inventory level to help you to explore how different configurations of your rooms and rates would maximize group revenue.
Displacement Analysis

Eliminate the need to pull data from different systems when running a Displacement Analysis.
Group forecast and wash

Forecasts group demand and adjusts for expected cancellations (wash); Enhances accuracy in group business planning and inventory control.

Integrations

4/5 features

Open API

The ability for other systems to access the loyalty platform to issue, transfer, redeem, or exchange loyalty points/miles - this is not a fundamental requirement of a loyalty program, but increasingly desirable.
Channel Manager

Connect your channel manager to your RMS to extract channel mix and booking data to fuel your pricing and better understand profitability by channel.
Business Intelligence

Connect your RMS to other business intelligence tools to create custom reports using both your RMS data and other tools.
STR Data

Connect your RMS to STR compset data to leverage in your yield strategy and decision making.
Property Management System

Connect your RMS to your PMS to sync real time inventory and instantly update rates in your PMS as you make changes to your pricing strategy.
Multi-factor authentication

Adds an extra layer of login security; Protects sensitive data and ensures secure system access.

Other

3/5 features

Group pricing & evaluation
Mobile App
Smart Spreading Technology

“Smart Spreading” technology takes updates to your monthly forecast and intelligently allocates them day by day, segment by segment.
Single Sign-On

Single Sign-On is the ability to maintain centralized control over employee access rights for all of the applications they use in their organizations/Allows companies to maintain control over employees' access rights and only requires a single set of credentials to access multiple applications
Mobile Friendly Design

Product design allows users to work on either a desktop or mobile device / Revenue Managers often have to work "on the go" and so it's critical that applications are mobile compatible.

Looking for specific info?

Great company!

Hotel manager from 10 to 24 room Bed & Breakfast & Inn in Hannover (Germany)

Verified

1 days ago

We've been working with Happy Hotel's Revue Management for some time now and are very satisfied. The price management system is reliable and user-friendly, and adjustments are implemented quickly and accurately. The structured presentation of rates and the straightforward communication are particularly helpful. Overall, it's a great help in...

Germany

Hotel manager

Small Hotel

Share review

More revenue with just a few clicks

Owner from 50-74 room Airport/Conference Hotel in Lautenbach (Germany)

2 days ago

Very easy to use. See results quickly. happyhotel delivers a clear overview of booking volume and all key hotel metrics in seconds.

Owner

Mid-Sized Hotel

Efficient revenue management that truly works in everyday practice

Hotelier from 10 to 24 room Boutique in Wunstorf (Germany)

Products Reviewed

Revenue Management Systems

What do you like most?

Happyhotel has become indispensable for my revenue management. The tool automatically adjusts prices in my two small hotels according to demand. This allows me to optimally capitalize on opportunities without constant manual intervention and increase my revenue and profit. Especially in the hectic daily operations, it would be impossible for me to implement price changes so quickly and precisely in response to rising demand. Happyhotel takes this work off my hands and ensures we don't miss out on any revenue. The initial setup was very simple. I've been using the tool for a few years now. Once a year, I configure special periods for the next 12 months. This mainly relates to trade fair periods. Since prices are significantly above average during these times, I may make some minor adjustments myself based on demand – in other words, I revise the parameters that Happyhotel uses. Everything else runs automatically. For "normal" events like concerts, I can stay completely out of it. The system recognizes this automatically :-) What I also particularly appreciate is the transparency of the price changes: I can always see when and to what extent certain prices have been adjusted. When I first started using the autopilot, this gave me peace of mind. However, I hardly ever check it anymore, as the system is truly very reliable. The regular updates also demonstrate that the Happyhotel team is constantly working to further develop the product and adapt it to the needs of the hotel industry. That's exactly how it should be these days. The user interface is also very intuitive. New employees can quickly find their way around and could start working independently with the system right away. However, since I only make basic settings for the following year once a year, this is hardly necessary! The support team is competent and friendly. They help me quickly and effectively with any questions I have. For me, Happyhotel is a real time-saver and a clear recommendation for any hotel that wants to automate its pricing strategy.

What do you dislike or think could be improved?

My last customization request was for a dynamic price difference between the different room categories. Traditionally, it was always a fixed amount that I set. However, this was already implemented in the last update, so I'm currently completely satisfied.

Hotelier

Great partnership

Marketing & Vertrieb from 200 to 499 room Bed & Breakfast & Inn in Wolfsburg (Germany)

Since the start of our collaboration, there has been a fantastic working relationship among all colleagues. Every question was answered, and quite promptly. No long waiting times, and even requests regarding technical implementation were taken into account. Simply excellent.

Marketing & Vertrieb

X-Large Hotel

Sensible revenue management without much effort

Manager from 50-74 room Extended Stay & Serviced Apartment in Holzkirchen (Germany)

4 days ago

- User-friendly RM system, independent work, fantastic support that reads emails, understands questions, and responds individually instead of with boilerplate text - THANK YOU for that!

Manager

Reliable, intuitive and friendly

Sales management from 50-74 room Airport/Conference Hotel in Mainz (Germany)

happyhotel is user-friendly and intuitive. The team is always competent and incredibly friendly – offering quick help, support with implementation, and a wealth of technical expertise. Truly a software team you can rely on!

Sales management

It's inexpensive. And yet efficient.

FO staff from 50-74 room Bed & Breakfast & Inn in Berlin (Germany)

5 days ago

The team is characterized by its high level of dynamism. Inquiries and any problems that arise are addressed promptly, resulting in high customer satisfaction.

FO staff

A strong revenue partner – indispensable for a year now.

Hotel director from 100 to 199 room Airport/Conference Hotel in Bad Sachsa (Germany)

6 days ago

We've been using happyhotel as our revenue tool for a year now – and we're extremely satisfied. It makes our daily work significantly easier and noticeably helps us make the right pricing decisions faster and more reliably. A particularly positive aspect is that we've been able to increase our average daily rates by up to €20.00 and also si...

Hotel director

Large Hotel

Hourly - Automatic Yielding

Hotelier from 10 to 24 room Bed & Breakfast & Inn in Feldberg (Germany)

7 days ago

We are a small, family-run hotel with a restaurant and previously used a very basic, roughly configured yield management system throughout the year. Since implementing Happyhotel, we now experience almost hourly, automated yield management – with a precision that we could hardly achieve ourselves these days, given the many last-minute bookings. The system helps us offer optimal rates at all times and thus unlock revenue potential that we wouldn't have reached without an RMS. Initially, we monitored the rate suggestions very closely, regularly approved them manually, and kept a close eye on them, especially on key dates. Now, happyhotel runs practically on autopilot, with only sporadic checks from me and targeted manual adjustments on specific days that are particularly important for our hotel or the region. This trust has developed over time thanks to the system's reliable performance. The interface with our PMS works seamlessly, onboarding was straightforward, and we felt well supported and understood from the very beginning – and still do. We would particularly like to highlight the excellent value for money, as well as the friendliness and competence of the support team and the entire happyhotel team. Any questions or concerns are met with quick, solution-oriented, and pleasant responses. All key performance indicators are immediately available to us in a clear and understandable way. The various dashboards are clearly structured, intuitive to use, and greatly simplify our daily work. This allows us to make informed decisions more quickly and ensures we always feel well-informed. We are excited about the coming years and how the system continues to develop – especially how the AI component continuously learns and further optimizes our daily work. A clear recommendation for all small and medium-sized businesses looking to professionalize their pricing strategy.

One point I would have liked to see added in retrospect: a more in-depth follow-up conversation after the onboarding process – firstly, to ensure that everything is working as intended, but more importantly, to guarantee that the customer fully understands all the functions and can utilize the RMS to its full potential. While I was contacted shortly after the onboarding, I had a total of five new installations and on boardings of various systems that spring. For someone who had never worked with an RMS before, the sheer volume of new information was overwhelming, and I wasn't able to answer all the questions specifically at that point. A more detailed conversation a few weeks later would certainly have helped to solidify what I had learned and clarify any remaining issues.

Efficient revenue management with HappyHotel

Junior Revenue Manager from 50-74 room Extended Stay & Serviced Apartment in Berlin (Germany)

9 days ago

HappyHotel's revenue tool impresses with its user-friendliness and clear structure. The automated price optimization is particularly helpful, allowing us to dynamically adjust room rates to demand and occupancy. This not only saves us time but also noticeably increases our revenue. The integrated reports on RevPAR, ADR, and booking curves provide a transparent overview and facilitate strategic planning. The interfaces to common PMS systems also function reliably, significantly simplifying daily operations. Another advantage is its flexibility: we can decide for ourselves how much automation we want to utilize and maintain full control over our pricing strategy at all times. Overall, happyhotel is a modern and powerful revenue management tool that we can wholeheartedly recommend, especially for hotels that want to optimize and professionally manage their processes.

Transparency & Traceability: Many users desire greater insight into how the algorithms calculate prices. An "explanation mode" could reveal which factors (demand, competitor prices, historical data) influenced the pricing decision. Enhanced Integrations: Currently, happyhotel integrates with systems like protel, but broader interface coverage (e.g., Mews, Apaleo, Oracle OPERA) would facilitate use for international chains. Direct connections to channel managers could reduce booking errors. Forecasting & Scenario Planning: In addition to automatic price suggestions, "what-if" simulations would be helpful: for example, how prices develop during major events or seasonal fluctuations. An event calendar with automatic demand forecasting could simplify planning. Reporting & Dashboards: More visual dashboards with comparison options (e.g., against competitors or previous year's figures). Export functions for financial reports that can be directly integrated into accounting systems. User Roles & Team Functions: For larger establishments, rights and role management would be beneficial, allowing revenue managers, front office staff, and management to have different views and access rights. Mobile Optimization: A more robust mobile app or responsive interface could facilitate revenue decisions on the go. Further improvements to the happyhotel Revenue Tool could include more personalized user interfaces and customized dashboards that can be flexibly adapted to the needs of different roles within the hotel. Intelligent event recognition, which automatically integrates local events and refines demand forecasts, would also be helpful. Additionally, enhanced interfaces to financial systems and accounting could increase transparency. Finally, a learning feedback system would continuously optimize the algorithm and make it more practical. Automation, interfaces, transparency, analysis, forecasting, user-friendliness, flexibility.

Junior Revenue Manager

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happyhotel

What is happyhotel?

Price Explanation

Enterprise Business Guidelines

Alternate Stay Date Recommendations

Alternate Property Reccomendations

Real-time price optimization

Dynamic Price Hierarchy Control

Open Pricing

Guided workflows

"What-if" scenario analysis

Dynamic Pricing

Set Boundaries

Manage Exceptions

Group Pricing

Manage Restrictions

Manage Sell-Outs & Cancellations

Business Mix Optimization

Define Cycles

Yield Room Types Individually

Bulk Adjustments

24-Months Pricing & Forecasting

Component/virtual room pricing

Extended stay pricing

Upsell pricing

Hurdle rate

Five-Year Forecasting

365-Day Forward Pricing

STR Data

18-Month Forward Pricing

Price sensitivity modeling

Multi-Property Dashboard

Market Intelligence Data

Interactive Customizable Dashboards

Future Market Demand Data

Financial Forecast Builder

Extended stay forecasting

Channel forecasting

Forecast explanation

Flexible competitor data

Custom Reports

Scheduled Reports

Lost Business Data

Analytics dashboard

Interactive Customizable Dashboards

Market Insights Reporting

Pickup Analysis

Booking Pattern Analysis

Event Data

Price Change Logs

Customizable Notifications & Alerts

Displacement Analysis

Group Pricing & Evaluation

Multi-Property Dashboard

System benefit measurement

Controlled Automation/Algorithm Customization

Automated Room-Type Pricing

Fully automated revenue management

Dynamic Pricing

AI Optimization

Automatic Pricing Updates

Inventory Management

Multi-property Management

Multi-Property Dashboard

Group Pricing & Evaluation

"What-if" scenario analysis

Displacement Analysis

Group forecast and wash

Open API

Channel Manager

Business Intelligence

STR Data

Property Management System

Multi-factor authentication

Group pricing & evaluation

Mobile App

Smart Spreading Technology

Single Sign-On

Mobile Friendly Design