Average Ratings 0 Ratings
Average Ratings 0 Ratings
Description
Profit-Driven Pricing, Competitor Price Analysis, and Demand Prediction are all enhanced through AI and Machine Learning technologies. Our approach to Demand Planning is both intelligent and adaptive. We merge machine learning capabilities with human insights to create a comprehensive strategy. By factoring in local events, holidays, school schedules, community activities, social trends, and economic indicators, we refine our forecasts effectively. Our services encompass Demand Forecasting, Store Ordering, Purchase Orders, and tailored Recommendations. We also focus on optimizing Shelf Space Allocation. With ongoing monitoring and iterative improvements, our Intelligent Demand Planning and Pricing strategies lead to better price realization that boosts both Sales and Margins. By analyzing price elasticity across different products, locations, and days, we can strategically determine the appropriate level of mark-up or markdown. Implementing Differential Pricing Strategies helps us avoid competitive price slashing, while A/B testing validates the effectiveness of our recommendations. The cycle of continuous monitoring and refinement ensures that our Intelligent Demand Planning evolves to meet changing market needs. Additionally, we prioritize responsiveness to consumer behavior trends, ensuring our strategies remain relevant and effective.
Description
Wave combines cutting-edge AI with a personal touch, enabling modern revenue managers to escape the confines of traditional 'black box' revenue management systems. This innovative platform offers an unprecedented level of ease and control not typically available in existing RMS solutions. With its distinctive strategy builder tool, Wave equips revenue managers with customizable AI models tailored to their hotel's specific strategy, enhancing transparency in pricing suggestions and allowing hoteliers to focus on managing their establishments effectively. Additionally, Wave caters to those hotels that may not currently utilize an RMS but require a robust revenue management framework. It is designed for hotels of all sizes that struggle with the capacity and resources needed to analyze and act on their data effectively. Furthermore, the system automates demand forecasting through non-linear calculations, improving price elasticity assessments and promoting smarter decision-making in revenue strategies. Ultimately, Wave empowers hotels to optimize their revenue management processes like never before.
API Access
Has API
No
API Access
Has API
No
Integrations
Agilysys Analyze
No
Agilysys Visual One
No
Execu/Suite
No
GuestTracker
No
IQware
No
Infor HMS
No
Mews
No
MyHMS
No
Rezlynx
No
RoomKeyPMS
No
Integrations
Agilysys Analyze
Yes
Agilysys Visual One
Yes
Execu/Suite
Yes
GuestTracker
Yes
IQware
Yes
Infor HMS
Yes
Mews
Yes
MyHMS
Yes
Rezlynx
Yes
RoomKeyPMS
Yes
Pricing Details
No price information available.
Free Trial
No
Free Version
No
Pricing Details
No price information available.
Free Trial
No
Free Version
No
Deployment
Web-Based
Yes
On-Premises
No
iPhone App
No
iPad App
No
Android App
No
Windows
No
Mac
No
Linux
No
Chromebook
No
Deployment
Web-Based
Yes
On-Premises
No
iPhone App
No
iPad App
No
Android App
No
Windows
No
Mac
No
Linux
No
Chromebook
No
Customer Support
Business Hours
Yes
Live Rep (24/7)
No
Online Support
Yes
Customer Support
Business Hours
Yes
Live Rep (24/7)
Yes
Online Support
Yes
Types of Training
Training Docs
No
Webinars
No
Live Training (Online)
Yes
In Person
No
Types of Training
Training Docs
Yes
Webinars
No
Live Training (Online)
Yes
In Person
Yes
Vendor Details
Company Name
NextOrbit
Founded
2014
Country
India
Website
www.nextorbit.com/en/
Vendor Details
Company Name
SHR
Founded
1987
Country
United States
Website
shr.global/wave-revenue-management-system/
Product Features
Competitive Intelligence
Alerts/Notifications
Yes
Benchmarking
Yes
Competing Product Analysis
Yes
Keyword Tracking
No
Social Media Monitoring
Yes
Trend Analysis
Yes
Website Monitoring
Yes
Product Features
Revenue Management
Competitor Analysis
No
Dynamic Pricing
No
For Airlines
No
For Hospitality Industry
No
Forecasting
No
Inventory Control
No
Price Optimization
No
Recommendation Engine
No
Yield Management
No