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Rate Shoppers & Market Intelligence
Rate shoppers and market intelligence tools enables hoteliers to closely monitor the market on a variety of aggregated data points. The historical focus of such systems is to provide revenue managers and decision makers with competitors pricing da...- UpsellGuru95Based on 24 reviews4.8UpsellGuru is a guest communication software focusing on generating revenue through upselling. As a first in the industry, UpsellGuru launched a bidding system for hotel upgrades in 2016. Today the system does more than just upgrades
- e-guma voucher and ticketing system94Based on 20 reviews4.7The voucher and ticket management system e-guma offers a clear and fully responsive online shop, which opens an additional sales channel for you. The voucher shop is multilingual, adapted to the design of your website and can be linked to your webs
- dailypoint™ 360° – Central Data Management93Based on 25 reviews4.5dailypoint™ is the leading #abovePMS solution for individual hotels and hotel groups. dailypoint™ collects data from all relevant sources such as PMS, POS, website, newsletter or Wi-Fi and creates a central and consolidated guest profil
- RoomPriceGenie93Based on 13 reviews4.9RoomPriceGenie is the world's best-rated automated dynamic pricing software for independent hotels and hotel groups, apartment businesses and more. Built to be simple to use for non-experts, but with the flexibility for thos
- Rateboard92Based on 38 reviews4.8RateBoard was created to offer hotel managers a simple tool to optimise their revenue through customized price recommendations. Behind all this stands a complex technology, solving the big data problem, therewith illustrating all relevant market in
- Überblick92Based on 18 reviews4.8Überblick supports hoteliers and their teams in the day-to-day life. It features via web or mobile app task, communication, and knowledge manangement. Easy to use, direct and transparent. A typical use case with &Uuml
- Rezlynx PMS (Guestline)92Based on 14 reviews4.8The Rezlynx PMS provides you with the tools and insights to make your daily life easier by automating routine tasks and liberating your staff to focus on the guest. Fully configurable, PCI compliant, and featuring a comprehensive rate and
- Ariane Systems92Based on 19 reviews4.4Ariane is the world leader in providing self-check-in and out solutions for the hotel industry with 3.000 installations. They enable Mobile and Kiosk self-service solutions, including all required hardware, consultancy and support for services that
- Smart Host91Based on 16 reviews4.8Smart Host provides a CRM and data cleansing software to help you leverage the data you gather from different touch points with your guests. By connecting to your PMS, Smart Host allows you to segment and automate email campaigns, track p
- Revinate Marketing91Based on 26 reviews4.5Revinate Marketing helps hoteliers drive revenue, repeat bookings, and improve the guest experience. It’s easy to create personalized one-time or automated email campaigns, upsell rooms and amenities, and build lifetime guest relationships.
- better.guest tab (Betterspace)89Based on 19 reviews4.3The digital guest directory better.guest Tab offers all advantages of an information guide for your hotel room, combined with a high-end tablet. The smart guest directory is your digital concierge, sales manager, travel guide and much mor
- SIHOT.PMS88Based on 29 reviews4.4SIHOT.PMS offers the most complete hotel management software on the market. You can benefit from countless functions. But more importantly, you don’t have to, as our software is based on a modular approach. All front office, reserva
- Conversion & Personalization (The Hotels Network)2 months for free83Based on 8 reviews4.8The Hotels Network is an innovative technology company working with over 5,000 hotels around the globe. The company offers clients a full-stack growth platform to power their direct channel. By leveraging a series of integrated tools and analytics,
- ASA HOTEL82Based on 6 reviews5ASA’s PMS is the ideal tool to help you manage every process throughout the guest journey: extra services are recorded in the system either automatically or in just a few clicks; hotel departments like the restaurant, bar, housekeep
- INCERT Voucher Management & Ticketing Solution80Based on 8 reviews4.5The incert e-commerce system for selling vouchers, gift cards, tickets, take-away offers and shop products offers a professional and comprehensive all-round solution and generates sales with a direct cash flow to your bank account. We deliver and s
- Front Office Cloud (SiTec)79Based on 8 reviews4.9The award winning new cloud based system brings every hotel to the next level. Beside a classical PMS with built in AI, it combines a bunch of systems in one: Restaurant and POS system, mailing and marketing with graphical mail-designer hotel commu
- Branding & Advertising Strategy (Influence Society)79Based on 9 reviews4.8We grow compelling stories for our clients through a creative and insights-driven approach of your digital marketing strategy: brand content, social media, online advertising and mobile-first web development.
- Hotel Connect79Based on 10 reviews5In a time where big online travel agencies and property management systems are not treating independent hotels as equal partners, our mission is to give power to independent hotels. Give them back control over their own hotels, their rates and inve
- FairPlanner (Fairmas)78Based on 7 reviews4.5FairPlanner is the software solution created by hoteliers for hoteliers. Fairmas tailored the software to address the unique financial planning and reporting needs of the hotel industry.
- happyhotel78Based on 7 reviews4.8The happyhotel revenue and yield management system has a simple dashboard that supports the hotelier in the data analysis of the most important hotel KPI’s. happyhotel is a cloud-based hotel software specially designed for smal
What is a Rate Shopping & Market Intelligence Tool?
Rate shoppers and market intelligence tools enable hoteliers to closely monitor the market on a variety of aggregated data points. The historical focus of such systems is to provide revenue managers and decision-makers with competitors' pricing data and accurate demand forecasts. Today, such systems also provide hoteliers with data such as weather forecasts, local events and holiday calendars that could also impact overall market demand. Ultimately, these tools are designed to support hotels in adjusting their pricing and revenue management strategy. For multi-property operators managing hotels in multiple locations, rate shopping and market intelligence tools are incredible time-savers.
What are the benefits of implementing a Rate Shopping & Market Intelligence Tool?
- Increased RevPar and other KPIs: A better understanding of the market will allow hoteliers to optimise occupancy, revenue, and distribution channels. By making more informed decisions, hoteliers will be able to craft a revenue strategy in line with current market trends.
- Time-saving and decreased operational costs: Previously, it took hours for hoteliers to collect and aggregate competitors’ pricing, local events, weather forecasts, and other data. Now, it takes minutes or seconds to have everything well visualised enabling revenue managers to spend more time on other topics to optimise the property’s revenue.
- Structured revenue strategy: Having clear and real-time data will enable hoteliers to build a set strategy based on the hotel’s positioning.
What are the most important features to look for in a Rate Shopping & Market Intelligence Tool?
- On-demand rate shopping: Whatever date you need, obtain competitors’ price points in real-time
- Pricing benchmark accuracy: Dive into specific room types, rate plans, and length of stay to make sure your hotel is well-positioned in the competitive set
- Granularity: The tool should enable easy and extended filtering
- Market trends: The tool should incorporate local events, weather, and other demand drivers
- Custom dashboards: Create personalized dashboards to align the tool with your data visualisation preferences
- Rate parity tracking: Find any discrepancies between your hotel website and third-party channels
What are the key integrations you should look for when selecting a Rate Shopping & Market Intelligence Tool for your revenue management team?
- Channel manager: The market intelligence and rate shopping tool should be able to connect to your channel manager to retrieve real-time availability and rates
- Property management system (PMS): The market intelligence and rate shopping should have an integration to the hotel’s PMS to retrieve rate structures to analyse them versus the competitive set
- Revenue management system: An integration between market intelligence tools and revenue management systems will enable the RMS to include real-time market data, detailed competitor rates, and enhanced analysis
What is the typical pricing for a Rate Shopping & Market Intelligence Tool?
The pricing of rate shopping and market intelligence tools generally depends on the size of the competitive set to analyse as well the rate shopping analysis window (number of days in the future). It can also vary based on the number of competitive sets for multi-property operators as well as the access to the API for further analysis. Hoteliers can expect to pay between €50 and €120 per month for a single property.
What to expect when implementing a Rate Shopping & Market Intelligence Tool?
The implementation generally takes up to 2 days until a hotelier can do his first analysis. Suppliers will then provide training sessions or tutorial videos enabling hotels to quickly understand the tool and customise it to their needs.