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.

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.

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
Pickup Analysis

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

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

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

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

Track each booking in real time to understand booking patterns, drive relevant promotions, and control your supply.
Booking Pattern Analysis

Track each booking in real time to understand booking patterns, drive relevant promotions, and control your supply.
Booking Pattern Analysis

Track each booking in real time to understand booking patterns, drive relevant promotions, and control your supply.
Booking Pattern Analysis

Track each booking in real time to understand booking patterns, drive relevant promotions, and control your supply.
Booking Pattern Analysis

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

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

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

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

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

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

Eliminate the need to pull data from different systems when running a Displacement Analysis.
Displacement Analysis

Eliminate the need to pull data from different systems when running a Displacement Analysis.
Displacement Analysis

Eliminate the need to pull data from different systems when running a Displacement Analysis.
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.

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.
Displacement Analysis

Eliminate the need to pull data from different systems when running a Displacement Analysis.
Displacement Analysis

Eliminate the need to pull data from different systems when running a Displacement Analysis.
Displacement Analysis

Eliminate the need to pull data from different systems when running a Displacement Analysis.
Displacement Analysis

Eliminate the need to pull data from different systems when running a Displacement Analysis.

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.
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.
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.
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.

Other

0/5 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.

Hoteliers say

Hoteliers like RateYield for its intuitive and time-saving interface, significant impact on revenue management through real-time rate automation, and exceptional after-sales service. They appreciate the AI-driven rate suggestions and strategic insights it offers, which optimize ADR and RevPAR. However, they note areas for improvement like enhanced mobile compatibility, aesthetically appealing dashboards, and comprehensive AI integration. Overall, RateYield helps increase revenue, reduce operational costs, and improve market competitiveness by dynamically adjusting rates and providing actionable insights based on market trends and performance analytics.

AI-generated from the text of customer reviews

Customer Support

Revenue Increase

Time Saving

Dashboard and Visuals

Report Customization

Market Benchmarking

Real-time Rate Automation

PMS Integration

AI-driven Insights

Mobile Compatibility

Looking for specific info?

Amazing products, on-boarding and implementation were so easy and smooth Exceptional Product with Seamless Onboarding and Implementation

Director of Operations from 25-49 room Bed & Breakfast & Inn in Quebec City (Canada)

Verified

1 months ago

Simplified and Intelligent Rate Management: Managing rates has never been easier, thanks to a smart and insightful system. Supportive and Professional Team: The sales and onboarding staff are both friendly and highly professional, ensuring a seamless experience. Competitive and Reasonable Pricing: The pricing structure is fair and delivers...

Canada

Director of Operations

Medium Hotel

Share review

Best team, best tools

Assistant to the General Management from 100 to 199 room Bed & Breakfast & Inn in Montreal (Canada)

2 months ago

The tool is incredibly helpful for managing rates! It’s also very intuitive and easy to use. The team is always attentive, responsive, and often provides excellent advice.

Assistant to the General Management

Large Hotel

Setting up and using Rate Yield

Director of Revenue and Marketing from 75-99 room Bed & Breakfast & Inn in Colorado Springs (United States of America)

The ease of use to select your competitive set. Thresholds are relatively easy to set up and adjust. Overrides are simple as well.

United States of America

Director of Revenue and Marketing

Rate Yield a great revenue management tool

from 50-74 room Bed & Breakfast & Inn in Jasper National Park (Canada)

3 months ago

Rate yield has become an integral part of our hotel's Tech stack and enabled us to make informed decisions about our rate and rate strategy. The software is easy to use and all of the information required is easy to access and available whenever you need it. Its automation features all us to be quick to adjust to the market and our occupanc...

Game-Changer for Optimizing Hotel Revenue

Directeur Technique / I.T. Manager from 200 to 499 room City Center Hotel in Montreal (Canada)

4 months ago

Products Reviewed

Revenue Management Systems

What do you like most?

As the IT manager for a hotel, I have been working with various revenue management systems over the years, and I must say that RateYield has been a true game-changer. This software has exceeded our expectations in every way, providing us with the tools and insights needed to maximize our revenue while simplifying the process. User-Friendly Interface: One of the standout features of RateYield is its user-friendly interface. From the moment we started using it, the intuitive design made it easy for our team to navigate and utilize all of its powerful features. Whether it's setting rates, monitoring competition, or analyzing market trends, everything is just a few clicks away. Advanced Analytics: RateYield's advanced analytics have been invaluable in helping us make data-driven decisions. The system provides comprehensive reports and dashboards that give us a clear picture of our performance. We can easily track KPIs, identify areas for improvement, and adjust our strategies in real-time. This level of insight has undoubtedly contributed to our increased revenue. Seamless Integration:Integration with our existing systems was smooth and hassle-free. RateYield synced perfectly with our property management system (PMS) and channel manager, ensuring that our rates and inventory are always up-to-date across all platforms. This seamless integration has saved us countless hours and reduced the risk of overbooking or underpricing. Responsive Customer Support:Whenever we have had questions or needed assistance, RateYield’s customer support team has been responsive and helpful. They have provided us with timely solutions and even offered personalized training sessions to ensure that we’re getting the most out of the software. Ongoing Updates and Innovations:RateYield continuously updates its platform with new features and improvements, showing that they are committed to staying ahead of the curve. The frequent updates have kept us equipped with the latest tools and strategies to remain competitive in an ever-changing market. Final Thoughts: RateYield has proven to be an invaluable asset to our hotel’s revenue management strategy. Its user-friendly interface, advanced analytics, seamless integration, and excellent customer support have made it a standout choice for us. I highly recommend RateYield

What do you dislike or think could be improved?

Potential Areas for Improvement: While RateYield has been an excellent tool overall, there are a few areas where I believe there could be room for improvement: 1. Mobile App Development: Although the desktop version is highly functional, a dedicated mobile app would be a welcome addition. Having access to key features and analytics on-the-go would enhance our ability to make real-time decisions, especially during busy periods. 2. Customization of Reports: The reporting features are robust, but offering more customization options would be beneficial. Allowing users to tailor reports according to specific needs or preferences could further enhance the decision-making process. 3. Expanded Training Resources: While the customer support team is responsive and helpful, more comprehensive training resources, such as video tutorials or webinars, could be useful. These resources would help new users get up to speed quickly and ensure that all team members can fully utilize the software’s capabilities. 4. AI-Powered Recommendations: Integrating AI-powered rate and inventory recommendations could take the platform to the next level. While RateYield already offers advanced analytics, adding AI-driven suggestions based on market conditions and competitor actions would further streamline the revenue management process. 5. Localization Features: As we operate in a multilingual environment, having more robust localization features, including multilingual support and region-specific analytics, would enhance the usability of RateYield for a global audience.

Directeur Technique / I.T. Manager

X-Large Hotel

Best Rate Management Software on the Market

General Manager from 10 to 24 room City Center Hotel in Byron Bay (Australia)

5 months ago

The complete customisation of this system far outways all systems I have used in the past, coupled with the outstanding service from the team, you can't go past this to increase your hotel revenue.

Australia

General Manager

Small Hotel

A very simple tool to use and amazing customer support

Director of Sales from 25-49 room Boutique in Hamilton (Canada)

Simple to use, the team at Rate Yield are always available for any questions and over and above for any support required

Director of Sales

Great tool, great people

Revenue Manager from 200 to 499 room City Center Hotel in Ottawa (Canada)

6 months ago

RateYield is very responsive. They are constantly learning, improving and making RM life easier. User-friendly. Onboarding process was smoothly. Although there are challenges, RY helped traditional RM save so much time for constant rate changing.

Revenue Manager

Indispensable tool!

Owner/operator from 100 to 199 room Bed & Breakfast & Inn in Boucherville (Canada)

7 months ago

Rate Yield is incredibly time saving. I love the way it maximizes our revenu. We saw an immediate impact to our bottom as soon as we adopted Rate Yield. Now we are able even more of our market share. Also after sales service is excellent!

Owner/operator

Instant jump in revenue.

General Manager and Co-owner from 200 to 499 room City Center Hotel in Montreal (Canada)

The rate yield solution permits our hotel to be very competitive and has definitely contributed to a significant increase in revpar since we adopted rate yield 4 years ago. We would never go back to the old fashioned revenue management with spreadsheets. Furthermore, the team at rate yield are the ultimate professionals who have delivered o...

General Manager and Co-owner

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Rate Yield

Hoteliers Most Frequently Mention

What is Rate Yield?

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

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

Custom Reports

Scheduled Reports

Lost Business Data

Analytics dashboard

Interactive Customizable Dashboards

Market Insights Reporting

Pickup Analysis

Pickup Analysis

Pickup Analysis

Pickup Analysis

Pickup Analysis

Pickup Analysis

Booking Pattern Analysis

Booking Pattern Analysis

Booking Pattern Analysis

Booking Pattern Analysis

Booking Pattern Analysis

Booking Pattern Analysis

Booking Pattern Analysis

Event Data

Event Data

Event Data

Event Data

Event Data

Event Data

Event Data

Price Change Logs

Price Change Logs

Price Change Logs

Price Change Logs

Price Change Logs

Price Change Logs

Customizable Notifications & Alerts

Displacement Analysis

Displacement Analysis

Displacement Analysis

Displacement Analysis

Displacement Analysis

Group Pricing & Evaluation

Multi-Property Dashboard

Controlled Automation/Algorithm Customization

Automated Room-Type Pricing

Fully automated revenue management

Dynamic Pricing

AI Optimization

Automatic Pricing Updates

Inventory Management