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hotellab RMS overview

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

Attribution Reporting

Availability Calendar (With Prices Per Day)

Business and Marketing Plans

Calendar View

Collaboration & Commenting

Corporate and Travel Agency Account Tracking

Create Custom Reports On The Fly

Customizable Data Hierarchies

Distribution Cost Analytics

Dynamic Pricing

File Attachments

Flexible Role Based Reporting

Guest Management Dashboard

KPI Dashboard

Lost Business Data

Macro and Micro Booking Trends As They Happen

Marketing Dashboard

Net Revenue KPIs

Performance Data

Pricing Decision Impact Tracking

Revenue Pacing

Version Control

View Key Performance Indicators Across Portfolio Of Properties

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

Market Segments Analysis (Discount, Leisure, Groups, Corporate, Retail, Government, Wholesale)

Pickup Analysis

Early Warning Trends

Average Guest Spend

Rate plan analysis

Distribution channel analysis

Budget comparison

Data feed to business intelligence tool or data warehouse

Net revenue reporting

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

Financial Forecast Builder

Five-Year Forecasting

Occupancy Forecast

Unconstrained Demand Forecast

Booking status materialization forecast (Groups, corporate, creditcard guarantee etc)

Overbooking forecast

ADR Forecast

Revpar Forecast

Cancellation forecast

Day of week forecasting

Segmentation Forecasting

Total Revenue Forecast (all segments)

Unconstrained Demand Forecast by segment and room type

Demand Pace Analysis

Food And Beverage Forecasting

Forecast Locking & Workflows

Future Market Demand Data

Other Revenue Streams Forecasting

Function Space Forecasting By Space

Extended stay forecasting

Room class forecasting

Channel forecasting

Arrivals and departures forecasting

Alerts and Notifications

Ancillary Revenue Tracking

Booking Pattern Analysis

Channel Performance

Custom Dashboards

Custom Dashboards for Hotel Groups

Custom Reports

Customizable Notifications And Alerts

Daily Reporting

Dashboarding And Data Visualization

Food And Beverage Reporting, Analysis And Forecasting

Market Insights Reporting

Multi-Property Dashboard

Other Income Forecasting, Reporting & Analysis

Parity Reports

Report Exporting

Reporting And Analytics

Revenue Analysis

Revenue Forecasting and Budgeting

Scheduled Reports

Competitor Benchmarking

Demand 360 data

E-Reputation Monitoring

Market Trends

Integrated Rate Shopping Module

STR data

OTA Insight data

Rate Parity Alerts

Special events data

Align Meetings And Events and Revenue Management Strategies

Booking Trends and Patterns For Meetings And Events Business

Group Pricing And Evaluation

Multiple Times A Day

Real Time

Alerts And Notifications

Alexa, Google, Siri interface

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

Centralized User And Role Management

Communication and Collaboration Tools

Optimized And Automated Data Entry

Tour Operator FIT Contract Tool with Stop Sales Recommendation

Automated distribution to selling systems

System benefit measurement

Voice control

Customizable user interface

Workflow alerts

Special event detection

AI Optimization

Channel Mix

Client Mix

Displacement Analysis

Enterprise Business Guidelines

Event Data

Market Segment

Market Segment By Room Type

Open API

Price Change Logs

Smart Spreading Technology

Opportunity cost / Rate hurdle by roomtype

Price value recommendations

Discount optimization

Profit Based Optimization

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

Dynamically and Independently Price Different Room Types

Function Space

Manage Exceptions / Manual Overrides

Open Pricing

Price Explanation

Set Minimum And Maximum Price Limit

24-Month Forward Pricing

Hierarchy controls for open pricing

Corporate And Travel Agency Account Tracking

Lead Management

Sales Analytics

Sales Data

Sales Forecasting

Sales Performance Management

Sales Team Productivity Tracking

Monthly Top Producers

Account Management

Calendar/Reminder system

File And Document Management

Lead Distribution

Lead Nurturing

Opportunity Management

Pipeline Management

Local / Regional Support in Middle East and Africa

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

Self service onboarding tool

In-product help and walk throughs

Alternate Property Recommendations For Groups

Alternate Stay Date Recommendations For Groups

Data Explanation Summaries

Hotel Overbooking

Market Segment Pricing

Price Recommendation Per Room Type

Price Sensitivity Modeling

Rates, Conditions & Advanced Restrictions

Real Time Price Optimization

Room Type Overbooking

Stop Sales Recommendations

Minimum Length of Stay Recommendation by Room Type and Rate Code

Price recommendation per person

Length of stay pricing

Competitor impacted pricing

Dynamic discounting

Dynamic packages

Component room pricing

Group pricing

Room upgrade management

Business mix optimization

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Market Insight

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