Integrations

Technical specifications

Advisor

Advisory Services

Reach out to one of ExploreTECH`s experts

Li Hawkins

Project management & innovation

About Li Hawkins

Overview

Launch year

2003

Compatible integrations

Description

Data Management for Hotel Assets by Fairmas serves as a centralized platform for efficiently managing hotel-related data, optimizing asset performance, and facilitating informed decision-making. Designed to streamline operations, it caters to hotel owners, asset managers, and financial controllers, providing comprehensive insights into revenue, expenses, and other key performance indicators. This solution is ideal for hotel owners, investors, and asset managers to maximize asset profitability. Integration with existing hotel management systems ensures seamless implementation and data synchronization, empowering users with accurate and up-to-date information for strategic planning and financial analysis.

Details

Infrastructure detailsMulti-Property

Support languagesEN

CategoryBusiness intelligence

SubcategoryBusiness Intelligence Tools (BI)

Integrations

Fairmas has over 100 integration partners and continue to create interfaces to Property Management Systems (PMS), Accounting / ERP, Revenue Management Systems, Rate Shopping Systems, Document Management Systems and more. Read more here: Integrations - Fairmas

IndustryHospitality,Travel

Screenshots, videos and other resources

Data Management for Hotel Assets by Fairmas Factsheet

Product features

Dashboards, Analytics and Reporting

Ancillary Revenue Tracking

Booking Pattern Analysis

Corporate Reporting

Custom Reports

Daily Reporting

Dashboarding And Data Visualization

Food & Beverage Reporting, Analysis & Forecasting

Market Insights Reporting

Other Income Forecasting, Reporting & Analysis

Reporting And Analytics

Sales Forecasting

Scheduled Reports

Performance Reporting

Business Intelligence

Calendar View

Collaboration & Commenting

Flexible Role Based Reporting

KPI Dashboard

Net Revenue KPIs

Performance Data

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

Market Intelligence

Benchmarking

Competitor Benchmarking

Price Comparison

Rate Intelligence

Forecasting BI

Demand Pace Analysis

Financial Forecast Builder

Five-Year Forecasting

Food And Beverage Forecasting

Forecast Locking & Workflows

Other Revenue Streams Forecasting

Revenue Forecasting and Budgeting

Access Controls/Permissions

What-If Scenario Analysis

Meeting And Events Intelligence

Optimization And Integrations BI

Automated Data Gathering And Integration

Automated Reporting

Centralized User And Role Management

Communication and Collaboration Tools

Multi-Property Management

Open API

Optimized And Automated Data Entry

Template Processes

Version Control

Sales Management

Sales Forecasting

Support Level

Office Hours Online Support

E-Training / Online Training

Dedicated Account manager and Implementation Manager

Dedicated customer success manager

Dedicated onboarding specialist

Webinars and courses

Self service onboarding tool

Integrations

Filter:

Clear filter

Shiji Enterprise Platform

Vendor verified

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

IDeaS G3 RMS

Vendor verified

Vendor: IDeaS - a SAS CompanyCategory: Commercial and distributionSubcategory: Revenue Management System (RMS)

Duetto RMS

Vendor verified

Vendor: DuettoCategory: Commercial and distributionSubcategory: Revenue Management System (RMS)

Oracle Hospitality Integration Platform ( OHIP )

Vendor verified

Vendor: Oracle HospitalityCategory: Commercial and distributionSubcategory: Connectivity / Integration Platforms

Lighthouse BI

Vendor verified

Vendor: LighthouseCategory: Business intelligenceSubcategory: Business Intelligence Tools (BI)

Hotel Benchmarking

Vendor verified

Vendor: HotstatsCategory: Business intelligenceSubcategory: Competitive Benchmarking

Hotellistat Rateshopper

Vendor verified

Vendor: Hotellistat GmbHCategory: Business intelligenceSubcategory: Rate Shopping Tool | ExploreTECH

IDeaS Function Space Revenue Management

Vendor verified

Vendor: IDeaS - a SAS CompanyCategory: Commercial and distributionSubcategory: Revenue Management System (RMS)

Stayntouch Hotel PMS

Vendor verified

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

HotelTime PMS

Vendor verified

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

OPERA 5 Property Management

Vendor verified

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

OPERA Cloud Property Management

Vendor verified

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

Revenue Planning & Analytics by Fairmas

Vendor verified

Vendor: FairmasCategory: Business intelligenceSubcategory: Financial planning and reporting

HotelTime PMS

Vendor verified

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

Infor Sales & Event Management

Partially verified

Vendor: Infor HospitalityCategory: Hospitality operationsSubcategory: Sales and Catering Solution

OPERA Cloud Sales and Event Management

Partially verified

Vendor: Oracle HospitalityCategory: Hospitality operationsSubcategory: Sales and Catering Solution

Oracle MICROS Simphony POS

Partially verified

Vendor: Oracle HospitalityCategory: Restaurant technologySubcategory: Restaurant Management Software & POS

Hotel Channel Management Software

Partially verified

Vendor: Oracle HospitalityCategory: Commercial and distributionSubcategory: Channel Manager

Nor1 eXpress Upgrade for Hotels

Partially verified

Vendor: Oracle HospitalityCategory: Commercial and distributionSubcategory: Upselling Solutions

Nor1 eStandby Upgrade for Hotels

Partially verified

Vendor: Oracle HospitalityCategory: Commercial and distributionSubcategory: Upselling Solutions

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)

protel Air cloud PMS

Partially verified

Vendor: XN Protel SystemsCategory: Hospitality operationsSubcategory: Property Management System (PMS)

XnCRS

Unverified

Vendor: XN Protel SystemsCategory: Commercial and distributionSubcategory: Central Reservation System (CRS)

Sage Intacct

Unverified

Vendor: SageCategory: Finance and paymentsSubcategory: Financial Accounting

HQ revenue

Unverified

Vendor: HQ RevenueCategory: Business intelligenceSubcategory: Business Intelligence Tools (BI)

HotSoft PMS

Unverified

Vendor: Hoist GroupCategory: Hospitality operationsSubcategory: Property Management System (PMS)

Competitive Benchmarking

Unverified

Vendor: STR GlobalCategory: Business intelligenceSubcategory: Competitive Benchmarking

Infor RMS

Unverified

Vendor: Infor HospitalityCategory: Commercial and distributionSubcategory: Revenue Management System (RMS)

Hotellistat Business Intelligence

Unverified

Vendor: Hotellistat GmbHCategory: Business intelligenceSubcategory: Business Intelligence Tools (BI)

Hotellistat Reputation Management

Unverified

Vendor: Hotellistat GmbHCategory: Business intelligenceSubcategory: Reputation Management

Hotellistat Revenue Management System

Unverified

Vendor: Hotellistat GmbHCategory: Commercial and distributionSubcategory: Revenue Management System (RMS)

Mews PMS

Unverified

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

hotelkit Collaboration

Unverified

Vendor: hotelkitCategory: Hospitality operationsSubcategory: Back Office Collaboration Hotel Tools

XnPOS

Unverified

Vendor: XN Protel SystemsCategory: Restaurant technologySubcategory: Restaurant Management Software & POS

RMS Cloud

Unverified

Vendor: RMS CloudCategory: Hospitality operationsSubcategory: Property Management System (PMS)

Guestline Rezlynx PMS

Unverified

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

Nor1 CheckIn Merchandising

Unverified

Vendor: Oracle HospitalityCategory: Commercial and distributionSubcategory: Upselling Solutions

HotelKey

Unverified

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

Clock PMS+

Partially verified

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

Mews PMS

Unverified

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

Technical specifications

Specifications

The Fairmas Services Team provides personalised service in onboarding every customer catering to their specific requirements. A full project plan / time table including guidelines and list of requirements and deliverables are presented at the kick off meeting.

Configurations

The onboarding process for Data Management for Hotel Assets is seamless and efficient. Our dedicated team guides you through each step, from initial setup to data integration, ensuring a smooth transition. We provide comprehensive training sessions to familiarize your team with the platform, and our support team remains available to address any queries or concerns. With our user-friendly interface and expert assistance, you'll quickly harness the full potential of our asset management solution.

Scalability

Data Management for Hotel Assets by Fairmas offers exceptional scalability to accommodate the evolving needs of your hotel portfolio. Whether you manage a single property or a large chain, our solution seamlessly scales to meet your requirements. As your business grows, our platform efficiently adapts, supporting increased data volumes and expanding functionalities without compromising performance. With our scalable solution, you can confidently manage your hotel assets with flexibility and agility, ensuring long-term success and profitability.

Fee structure

Per room per month with implementation fee

Pricing:

Our license model follows a yearly fee per module and per property/hotel. The cost of the setup may vary depending on your specific requirements. Please contact our sales team for detailed information regarding pricing.

Buyers

FAQs

Who/What is Fairmas?

Fairmas is a software company specializing in providing financial planning, reporting, and analysis solutions for the hotel industry which understands the intricacies of the hospitality industry and helps customers grow & increase their profit for a sustainable future. Fairmas is from hotel experts, for hotel experts and believes in a process-driven approach based on high data quality.

Is it worth investing in Fairmas solutions? Why should we prioritize implementing?

Fairmas offers several advantages that can help streamline your financial planning & reporting process. Our solutions include automated data transfer, saving you time and effort. Our software is standardized and tailored specifically for the hospitality industry, ensuring accurate and relevant reporting. We provide important KPIs automatically, enabling you to make informed decisions. Our hotel-specific software also facilitates automated reporting and offers an easy and fast way to create budgets and forecasts. The software is designed by hotel experts, for hotel experts. By implementing our software, you can access all the necessary data to plan your costs and revenues in detail, maximizing your hotel’s profit.

How can you make sure to match my hotel(s) needs?

Fairmas allows you to define the P&L structure yourself based on the specific needs of your hotel(s). You have the flexibility to customize the structure to align with your departments and market segments, ensuring that our solutions meet your requirements. Our flexible mapping feature allows you to align/match the source system’s data with your defined or selected standard in our solution. We have different modules available which focus on certain areas of the financial planning, reporting and analysis process e.g., a dedicated revenue planning module and a payroll planning module. We give the customer the liberty to decide which one fits their needs best.

What systems do your solutions connect with?

At Fairmas, we offer over 70 integrations to ensure compatibility with a wide range of platforms. This includes PMS, RMS (Revenue Management Systems), Accounting systems, ERPs, DMS (Document Management Systems), Rate Shoppers, and Benchmarking.

What if you do not integrate with our systems e.g., PMS?

We have a dedicated interface team that focuses on creating new interfaces and integrating our software with various systems. If the software you are using is not included in our list, feel free to contact us and we will be happy to consider providing relevant interfaces.

How much does it cost? What is your license model?

Is your software complicated to use? Do we need all the features?

No, our software is designed to be user-friendly. Its structure is easy to understand, and the P&L structure can be customized to each client’s specific needs. Our driver calculations are straightforward, particularly for individuals who work with numbers on a daily basis. Fairmas ensures that our solutions can accommodate your evolving needs.

Can the software provide consolidation?

Yes, our software allows you to consolidate your hotel portfolio automatically. You can automate, standardise & consolidate data for all hotel properties with actual, planning (budget, forecast) & on the books (OTB) data. You can also receive daily updated hotel KPIs. Our software allows you to have full control over which scenarios are consolidated by linking a workflow. This enables you to keep a check on the overall economic picture of your whole portfolio, or by flexible sets and specific cluster combinations.

Can I standardize my processes on your platform?

Yes, Fairmas provides a standardized, hotel-specific software solution. By utilizing our platform, you can streamline and standardize your financial processes. Our integrated workflow provides you with an overview and gives you control of each step of your individual planning & reporting process.

Is the software available in multiple languages?

Yes, Fairmas software is available in nine languages, catering to a global user base.

Can you handle currency conversion?

Absolutely! Fairmas software has the capability to handle currency conversion, accommodating multi-currency operations.

Can we set different user rights and permissions?

Yes, our software allows you to establish different levels of user rights and permissions. You can grant access to different departments and management levels, ensuring that each user has appropriate access based on their specific needs and responsibilities.

I already create my budget once a year. Why do I need a forecast?

A forecast is essential for more accurate planning. It enables you to better plan your costs and revenues by allowing you to react to changes and variations throughout the year or month. Unforeseen circumstances can be factored into the forecast, safeguarding your profit from potential major losses. The more accurate your plan, the better equipped you are to manage your financial performance.

What is the implementation process and duration?

The implementation process typically takes between 8 to 12 weeks for almost all our modules. For the PickupTracking module specifically, implementation takes only a few days. Our project management team will guide you through each step, providing support and assistance. This includes setting up the initial P&L structure (Chart of Accounts), software installation, training sessions, and creating the first planning scenarios (forecast / budget / What-if). We ensure that you receive ongoing support and assistance throughout the implementation process.