Integrations

Technical specifications

Advisor

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Angie Lacia

Hotel distribution optimization expert

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Overview

Launch year

2019

Compatible integrations

Description

In the competitive landscape of the hospitality industry, maximising revenue is essential. Revenue Management System (RMS) is the key to achieving this goal for your hotel. With dynamic pricing, forecasting, demand analysis, competitor price tracking and advanced analytics, hotellab empowers your hotel to optimise rates and drive profitability. Elevate your hotel's performance and secure a strong competitive advantage.

hotellab offers a powerful suite of features:

Machine Learning Pricing: Our advanced algorithm achieves 96% demand prediction accuracy, integrating bookings, competitors and flight search data.
Tailored Algorithm: Customise algorithms to suit your hotel's unique needs. Consider over 100 demand parameters for tailored success.
Hybrid Autopilot Rates Updates: Whether you prefer manual, semi-automated, or fully automated pricing, hotellab adapts to your preferences.
End-to-End Analytics: Gain insights from reservation journey visualization to ad campaign performance for boosting direct bookings.
Business Intelligence: Get a comprehensive view of your hotel's performance for informed decisions on revenue growth and market positioning.
Yield Management: Fine-tune pricing with advanced tools, maximising revenue based on real-time demand patterns and market conditions.

Details

Infrastructure detailsStand-alone

Support languagesEN

CategoryCommercial and distribution

SubcategoryRevenue Management System (RMS)

Integrations

To integrate on your hotel property we integrate with popular and top Property Management Systems (PMS). A full list of our top integrations are listed here.

IndustryHospitality

Screenshots, videos and other resources

hotellab RMS overview

Product features

Hospitality Reporting And Data Analytics

Alerts and Notifications

Booking Pattern Analysis

Channel Performance

Custom Dashboards for Hotel Groups

Custom Reports

Customizable Notifications And Alerts

Daily Reporting

Dashboarding And Data Visualization

Market Insights Reporting

Multi-Property Dashboard

Pickup Analysis

Report Exporting

Reporting And Analytics

Revenue Analysis

Revenue Forecasting and Budgeting

Revenue Pacing

Scheduled Reports

Forecasting RMS

Financial Forecast Builder

Five-Year Forecasting

Occupancy Forecast

Unconstrained Demand Forecast

ADR Forecast

Revpar Forecast

Day of week forecasting

Segmentation Forecasting

Total Revenue Forecast (all segments)

Unconstrained Demand Forecast by segment and room type

Room class forecasting

Market Intelligence Data

Competitor Benchmarking

Future Market Demand Data

Market Trends

Integrated Rate Shopping Module

STR data

OTA Insight data

Optimization Cycles

Multiple Times A Day

RMS Optimization Levels

AI Optimization

Client Mix

Displacement Analysis

Event Data

Lost Business Data

Market Segment

Market Segment By Room Type

Open API

Price Change Logs

Smart Spreading Technology

Opportunity cost / Rate hurdle by roomtype

Profit Based Optimization

RMS Pricing

18-Month Forward Pricing

365 Days Rate Management

Contracted Client Pricing

Daily Pricing / BAR pricing

Define Seasonality and Day of the Week Cycles

Dynamic Price Room Type Hierarchy Control

Dynamic Pricing

Dynamically and Independently Price Different Room Types

Group Pricing And Evaluation

Manage Exceptions / Manual Overrides

Open Pricing

Price Explanation

Set Minimum And Maximum Price Limit

Productivity Tools

Alerts And Notifications

Automated Room-Type Pricing

Bulk Updating

Controlled Automation/Algorithm Customization

Guided workflows

Mobile Optimized/Responsive

Multi-Property Management

Real Time Price Optimization (auto-pilot)

Single Sign-On (SSO) Feature Available

What-If Scenario Analysis

Customizable user interface

System Generated Decisions

Alternate Property Recommendations For Groups

Alternate Stay Date Recommendations For Groups

Data Explanation Summaries

Hotel Overbooking

Price Recommendation Per Room Type

Price Sensitivity Modeling

Rates, Conditions & Advanced Restrictions

Competitor impacted pricing

Group pricing

Business mix optimization

Business Intelligence

Availability Calendar (With Prices Per Day)

Calendar View

Dynamic Pricing

Lost Business Data

Marketing Dashboard

Net Revenue KPIs

Revenue Pacing

Occupancy On-The-Books (OTB) Data (if supported)

Pickup Analysis

Rate plan analysis

Budget comparison

Net revenue reporting

Google Analytics conversions linked with PMS data to track booking status changes

Meeting And Events Intelligence

Group Pricing And Evaluation

Sales Management

Corporate And Travel Agency Account Tracking

Sales Data

Support Level

Office Hours Online Support

24/7 Online Support

Chat

E-Training / Online Training

Dedicated Account manager and Implementation Manager

Dedicated customer success manager

Dedicated onboarding specialist

Webinars and courses

Integrations

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Kwentra Property Management System

Vendor verified

Vendor: KwentraCategory: Hospitality operationsSubcategory: Property Management System (PMS)

OPERA 5 Property Management

Vendor verified

Vendor: Oracle HospitalityCategory: Hospitality operationsSubcategory: Property Management System (PMS)

Rate Insight

Vendor verified

Vendor: LighthouseCategory: Business intelligenceSubcategory: Rate Shopping Tool | ExploreTECH

Market Insight

Vendor verified

Vendor: LighthouseCategory: Business intelligenceSubcategory: Market Intelligence Tools

HotelTime PMS

Vendor verified

Vendor: HotelTime SolutionsCategory: Hospitality operationsSubcategory: Property Management System (PMS)

OPERA Cloud Property Management

Vendor verified

Vendor: Oracle HospitalityCategory: Hospitality operationsSubcategory: Property Management System (PMS)

Hotelogix Property Management System

Vendor verified

Vendor: HotelogixCategory: Hospitality operationsSubcategory: Property Management System (PMS)

Hotelogix Multi Property Manager

Vendor verified

Vendor: HotelogixCategory: Hospitality operationsSubcategory: Property Management System (PMS)

HotelTime PMS

Vendor verified

Vendor: HotelTime SolutionsCategory: Hospitality operationsSubcategory: Property Management System (PMS)

TL Booking Engine

Partially verified

Vendor: TravellineCategory: Commercial and distributionSubcategory: Booking Engine (IBE)

Clock PMS+

Partially verified

Vendor: Clock PMSCategory: Hospitality operationsSubcategory: Property Management System (PMS)

Apaleo Open PMS

Partially verified

Vendor: ApaleoCategory: Hospitality operationsSubcategory: Property Management System (PMS)

TL Channel Manager

Unverified

Vendor: TravellineCategory: Commercial and distributionSubcategory: Channel Manager

Exely Channel Manager

Unverified

Vendor: ExelyCategory: Commercial and distributionSubcategory: Channel Manager

Roomraccoon

Unverified

Vendor: RoomraccoonCategory: Hospitality operationsSubcategory: Property Management System (PMS)

Mews PMS

Unverified

Vendor: MewsCategory: Hospitality operationsSubcategory: Property Management System (PMS)

Mews PMS

Unverified

Vendor: MewsCategory: Hospitality operationsSubcategory: Property Management System (PMS)

Technical specifications

Specifications

Configurations

Team will onaboard and devise plan based on your property needs. Usually from 2 weeks up to 2 months to customise for best revenue stategy.

Scalability

hotellab's Revenue Management System (RMS) offers unparalleled scalability, catering to the diverse needs of businesses across the hospitality industry. Whether managing a single independent hotel or overseeing a vast chain of properties, our RMS adapts effortlessly to accommodate varying levels of complexity and scale. With robust infrastructure and advanced technology, our solution seamlessly grows alongside your business, ensuring that you can effectively optimize pricing strategies and maximize revenue potential regardless of size or scope. Experience the flexibility and scalability of hotellab's RMS to drive sustainable growth and success in your operations.

Fee structure

Per room per month with implementation fee

Starting from:

$3

Pricing:

Sing up for a Demo of hotellab for more information and view our website for our tiers.

Buyers

FAQs

Does the system automatically adjust prices?

Yes the system can automatically adjust prices based on demand forecasts and predefined rules for your property. Or you can also choose to manually update.

Is the system compatible with my current PMS and booking engine?

Our system integrates with most major PMS and booking engine providers. We can provide a list of specific integrations or view our website for further details.

Can it manage different room types and rate plans?

Absolutely the system can handle multiple room types and rate plans.