Comparison of the best Hotel Rate Shopping and Market Intelligence Software
Rate Shopping and Market Intelligence software allow hoteliers to monitor the target market as per a range of aggregated data points. The objective of such tools is to enable decision-makers and managers to get insights from competitors' pricing data and demand forecasts. Additionally, such systems provide hoteliers and stakeholders with data about local events, weather forecasts, holiday calendars, and other factors that could impact demand.
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We Can HelpRateTiger by eRevMax is considered a leader in Hotel Channel Manager, Rate Shopping, CRS, Booking Engine, GDS Distribution, Metasearch management and Website Design solutions to independent boutique properties as well as small, mid-size and large hotel chains and resorts worldwide.
RateTiger connects to over 450 distribution and technology partners worldwide. It has deep two-way integration with distribution channel partners including Booking.com, Expedia, Agoda, Airbnb, Google, HRS, Hotelbeds, among various others. It also offers connection to leading PMS, RMS, CRS, Booking Engine and other hotel technology systems for a seamless online distribution experience.
Data security and privacy is a key aspect for RateTiger, hence the company is ISO and PCI certified as well as GDPR compliant. It provides 24x7 multilingual support to hotels globally to assist in revenue generation objectives.
We are a technology company serving already 20,000 hotels worldwide. We offer a full-stack growth platform to power hotels´ direct channel. By leveraging a series of integrated tools and analytics, hotel brands can attract, engage and convert guests throughout the user journey.
In addition to price comparison, reviews summary and a full suite of personalization options, The Hotels Network's Predictive Personalization product harnesses machine learning techniques to predict user behavior and then automatically personalizes both the message and the offer for each user. The company's latest innovation, BenchDirect, is the first benchmarking product for the direct channel, providing hotels with never-before-seen competitive data that completely changes the rules of the game.
The Hotels Network's mission is to improve the online booking experience, grow direct bookings and strengthen the relationship between hotel brands and their guests.
The Hotels Network integrates with over 450 Booking Engines; serves hotels that have any CRM and also connects with many PMS solutions.
Find, book, and grow with Cendyn: We make every guest interaction an opportunity to nurture relationships and maximize profitability.
Cendyn is a global hospitality cloud-based technology company that enables hotels to drive revenue, maximize profitability, and create deeper connections with guests through its integrated solutions.
Serving hoteliers for nearly 30 years, Cendyn drives commercial success for hotels through its Find, Book, Grow promise: find the right guests; drive them to book direct, and grow loyalty andrevenue across the spectrum of digital guest interactions.
Cendyn has over 32,000 customers worldwide in more than 150 countries generating more than $20 billion in annual hotel revenue. The company supports its growing customer base from locations across the globe, including the United States, France, the United Kingdom, Singapore, Bangkok, and India.
To find out more, visit cendyn.com.
A good pricing recommendation engine, for Revenue Managers in need for better reporting and market insight. Integrated with many PMS and RMS systems.
HotStats is an advanced hotel profitability intelligence platform providing in-depth benchmarking, financial performance reporting, and market data analysis.
HotStats offers hoteliers and hospitality professionals a comprehensive suite of tools to understand and improve their financial performance. The platform provides real-time benchmarking with access to over 500 key performance indicators (KPIs), enabling users to compare their operational data against competitors and identify profit improvement opportunities. By tapping into a vast database covering more than 1.2 million hotel rooms and 600 markets globally, HotStats delivers detailed insights into costs, revenues, payroll, and other crucial financial metrics.
The platform's market reports are invaluable for hoteliers, investors, funders, and consultants seeking to make informed decisions. These reports encompass a wide range of data, including departmental revenue, cost of sales, and profitability trends. With these insights, users can better understand market dynamics, refine development strategies, and make smarter investment decisions.
HotStats' robust analytics tools help hotel owners, operators, asset managers, and general managers pinpoint performance gaps and optimize overall profit margins. The platform's intuitive interface allows users to generate dynamic reports and visualize key data points effortlessly.
RateIntel provides you with the tool you need to elevate you hotel knowledge about your competitors pricing strategy.
With RateIntel you'll get valuable insights about you competitor set and pricing strategies.
By using RateIntel you'll have access to fresh data reports and smart alerts feature to closely keep an eye on your competitors move.
CLEVER Hospitality Analytics offers a unique and innovative pre-built and easy-access Business Intelligence platform specially designed for hospitality.
It is all about making clever decisions. It is essential nowadays to make decisions based on data and time is critical. Don't lose your time doing data crunching.
Use your hotel data efficiently to facilitate decision-making with a Business Intelligence platform. Focus in making the decisions needed for your hotel development.
Maximize revenue or develop online sales from scratch. You'll get rid of overbooking and gain more bookings from your hotel's website and channels.
A Lighthouse company. The best revenue management teams in the hospitality industry use HQ revenue to increase their property's turnover and save substantial time on market monitoring and business analytics.
Lighthouse (Formerly OTA Insight) is a software solution designed to provide hospitality professionals with market insights, business intelligence, and pricing tools.
Lighthouse offers clear and actionable insights derived from real-time data. By analyzing historical, current, and future-looking datasets, it provides accurate information on market demand and competitor activities. This helps in making informed decisions that drive business growth.
The platform's business intelligence features allow users to benchmark against competitors and optimize their distribution strategies. It supports tracking market conditions and creating intelligent destination campaigns. These capabilities streamline hotel management and help identify new revenue opportunities.
Lighthouse includes user-friendly dashboards that make it easy to identify and act on opportunities quickly. Its automated pricing tools set competitive room prices by analyzing market demand and competitor rates, which saves time and enhances revenue management strategies.
Optima is a real-time Rate Intelligence Platform for revenue managers to stay on top of competition and market trends.
Capitalise on the revenue opportunities of Events happening in your city or in your feeder markets. Never miss out on an Event again.
Our business is to simplify yours.
So that more and more Hotel reservations are generated.
Recommended for groups and hotel chains, Ratemetrics offers a powerful API to support fully fledged Revenue Management teams in their day to day pricing decisions.
The innovative technology of e-GDS Platform results on the most flexible and easy-to-use Hotel Booking System.
Empowered with Responsive Booking Engines B2C & B2B and a Channel Manager with +150 certified integrations, e-GDS Platform is a fully Hotel Booking System that allows you to take full potential of Internet: enhance your Distribution, Maximize Revenue and Cut Down Costs!
Hot!Suite is the solution for successful hotel direct sales and dynamic website marketing.
RoomKeyPMS is the leading cloud based Hotel Property Management System, with thousands of rooms managed worldwide.
A useful tool to get insights on how your hotel and your competitors are performing on hotel search sites. One destination with unlimited competitors for free.
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Pegasus solutions enhance every aspect of the booking journey to help you build stronger connections to your guest.
STR is the premier provider of data benchmarking and analytics for the global hospitality industry, offering confidential, reliable, and actionable insights to help hoteliers optimize their business performance.
Founded in 1985, STR has established itself as a trusted source of comprehensive data solutions, enabling businesses to benchmark their performance against competitors and make informed decisions. STR's wealth of historical and current data spans over three decades, covering metrics such as occupancy, average daily rate (ADR), revenue per available room (RevPAR), and more. These insights are crucial for hoteliers to understand market trends, forecast future performance, and strategize effectively.
One of STR's standout offerings is its robust market-level performance tracking, which not only helps hoteliers monitor supply and development but also assists in formulating future strategies. By automating data submission processes, STR eliminates the time-consuming task of manual data entry, thereby enhancing staff productivity and ensuring timely access to high-quality industry data.
STR's services extend to various sectors within the hospitality industry, including hotels, destinations, investors, developers, advisors, and lenders. Their solutions are widely regarded for bringing increased transparency to the market, facilitating more accurate performance assessments and better investment decisions.
Why Do You Need Rate Shopping & Market Intelligence Software?
With a good Rate Shopping & Market Intelligence software, you can optimize revenue, distribution channels, and occupancy. It helps you make informed decisions to craft a comprehensive revenue strategy in line with evolving market trends.
Additionally, the tool helps aggregate competitors' pricing and gather data about important factors affecting demand and sales. With real-time and accurate data, hoteliers can build a sound strategy about the property's overall positioning.
How to Get Started with Rate Shopping & Market Intelligence Software?
Implementing a Rate Shopping & Market Intelligence software can take up to 2 days until a hotel owner can conduct an in-depth analysis. It is also important to provide training sessions to the staff or help them with some tutorial videos to customize the tool as per their needs.
Getting the right assistance is important, and it is better to let a team of experts manage the on-boarding and implementation process.
Read more about: Rate Shopping and Market Intelligence Software
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Firstly, we assess
We evaluate objective(s), defining opportunities and setting goals.
Then, we plan
We make a plan detailing what should be done to help reach set goals.
Finally, we make it happen
We implement change, as planned, within set timeline and budget.
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