The Rate Yield development team has been busy and announce product enhancements that have been made in recent months. These enhancements are a testament to Rate Yield's unique value proposition!
Market Place:
-
The competitive set is a crucial part of Rate Yield’s algorithm. As of March 2024, you can now weigh the competitors differently by day of week.
-
In the marketplace tab, you can now verify how recently a shop was done. By simply clicking on the rate in question, you will see how long it has been since the rate was last shopped.
-
We now have two options for our recommended sell-out pricing. We have had AI-derived sell-out pricing in place for several months and we recently launched a feature to use the last shopped rate prior to the hotel being sold out as their replacement rate.
Reports:
-
We have launched a new report that can be emailed daily which outlines the progression of pace each day for the upcoming 365 days.
-
We have launched our first version of dashboards. With three initial dashboards looking at KPIs, competitive rates and comparisons of the hotel rates against the benchmark.
-
Alerts for price variations in the competitive set sent by email, based on thresholds set by you.
Stay tuned as we continue to add functionalities and features to our innovative and accessible revenue management system! Reach out to our sales team to schedule a demo today!
About Rate Yield
Rate Yield was created in 2019 by seasoned Revenue Management consultants with over 30 years of experience within the field. Rate Yield RMS was designed to adapt to small hotels, inns, resorts as well as large hotels in city centers. With settings and thresholds that can be modified against a hotel’s unique market trends, Rate Yield makes it more accessible than ever to implement AI in revenue management strategies. With real-time insights, agile strategy development, modules for budgets and forecasts, as well as a tool for displacement analyses, Rate Yield provides a complete software that will help your hotel to yield more revenue, period! To learn more, visit us at www.rateyield.com .