
Rate Wise
Revenue management software and consultancy for hotels and serviced apartments
About Rate Wise
Rate Wise is a leading revenue management company providing cloud-based revenue management software and revenue management consultancy to hotels and serviced apartments across the globe. The RMS integrates revenue strategy, PMS data and competitor data and can send rate strategy back out to PMS or Channel Manager. Consultancy service helps hotels implement revenue strategy, maximise revenue potential, reduce costs, review distribution, grow brand production and implement best practices.
What sets this company apart
Built by revenue managers for revenue managers. Combines software and hands-on consultancy with dedicated account managers for independent hotels.
Markets & Coverage
Operating across 3 countries
Markets & Coverage
(3)Supported Languages
Property Types
- Aparthotel / Serviced AptPrimary
Market Segments
- Corporate & Extended StayPrimary
Service Characteristics
Main Features
- Revenue optimisation
- Performance benchmarking
- Occupancy, ADR & RevPAR reporting
- Competitive pricing analysis
- Dynamic pricing engine
- Competitor rate tracking
- RevPAR performance dashboard
- PMS & channel manager sync
- Market data & analytics
- Seasonal pricing rules
- Occupancy-based price adjustments
- Length-of-stay discounts
Integrations & Partnerships
8 integrations and partnerships across 4 categories
Other
3Channel Managers
2Property Management Systems
2Booking Engine
1Pricing Plans
Pricing information based on publicly available data. Contact vendor for exact quotes.
Software Only
- Rate Setting Tool
- Shopper Tool
- Pick Up tool
- Forecasting
- Business Analytics
Software & Consultancy
- All software features
- Dedicated Revenue Strategist
- Revenue Support Specialist
Reviews
16 reviews from verified users
4.81
16 reviews
Would recommend
Showing 6 of 16 reviews
Eimear N.
Rate Wise Review - Tulfarris
What I really liked about this software was its ability to condense information and have it all in one place. Previously the analysis it provides would have been generated on different PMS reports, but it is all there now at the click of a button. It is also useful for analysing rate changes as it again it is all on one screen instead of flipping between screens. Integrations was simple enough with a bit of preparation, generally it is easy to use if you know how so I have not come across any cons.
View originalEmer C.
This is the best Revenue software you will find !
The benefits have been significant in growing our occupancies and average room rates. We are very pleased we chose Ratewise as our revenue management system. The highlights are the amount of detail in the software, you can drill down to find so much information on your revenues. Support is also excellent from the staff and they are very efficient in dealing with any issues that may arise.
View originalFernanda P.
Easy to use with great insights
Very easy to use. Presentation is simple but complete, with graphics as well and easy to understand. It doesn't have older price details, example: check what was the price of a product at a specific past date. But it does have other revenue data very useful.
View originalMatthew W.
Rate Wise Review
Overall it has been fantastic. If you need support then they are quick to respond. It makes a true difference in managing your rate strategy effectively the amount of information that you get from the system and reports is really detailed and really does assist in making revenue management business decisions. The system is great, its an easy effective rate management system that really does manage your room inventory on a daily basis allowing you to make the correct revenue management decisions. Ensuring that you are maximizing on high demand days and hi-lighting key dates in future months.
View originalBetty H.
How Rate Wise made my life easier
We eliminate a lot of manual and time consuming work. Now that hotels are short staffed due to Corona, we get these automated reports and see clearly which action to take even 365 days out. This gives me as a team leader the confidence that we are not missing any signals of recovery or further decline and we can action accordingly. Most important is that this software connects to our PMS system so we have daily automated reporting on pick up, rates, segmentation and this 365 days out. This gives clear guidance to action on revenue management or sales. This allows us to save a lot of time on reporting so we have more time for action.
View originalLesell J.
Quick and Easy App
Just makes reporting so much easier. Less prininting as all of the information is just a click away! I use on a daily basis. Takes away a lot of manual work as everything is just a click away.
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FAQ
Frequently Asked Questions
- Hotels and serviced apartments with 20+ rooms. The free trial requires a minimum of 25 rooms.
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