Right Revenue

The Right Revenue software solution is designed to assist independent hotels in effectively managing their revenue. According to the vendor, it offers a range of features that revenue managers, hotel managers, and general managers in the hospitality and accommodation industries can utilize to optimize their pricing strategies and potentially increase profitability. This product is specifically tailored for independent hotels of all sizes, providing them with tools and insights to make informed decisions and potentially drive revenue growth.

Key Features

Profit Driven Rate Recommendations: According to the vendor, this feature utilizes advanced AI technology to analyze booking patterns and provide rate recommendations based on profitability. It aims to help hotels maximize revenue and potentially improve their bottom line.

Accurate Forecasting: The software claims to offer accurate forecasting for up to two years in advance, utilizing data-driven forecasting built on leading AI technology. The vendor suggests that this feature enables hotels to make informed decisions based on up-to-date, data-driven forecasts.

Great Reporting: The software claims to offer bespoke reporting with live data, potentially saving revenue managers hours each day. According to the vendor, it displays key performance indicators in simple, straightforward dashboards, providing real-time, data-driven insights for optimizing price and availability.

Straightforward Pricing Decisions: According to the vendor, this feature takes into account multiple factors such as cost of sale, commission, incremental spend, contracted business, and transient business in pricing decisions. The software automates the tracking and analysis of factors that impact profitability, potentially assisting hotels in making pricing decisions with profitability in mind.

Powerful Forecasting: The software claims to provide accurate forecasting for up to two years in advance, taking into account multiple factors such as segment, source, channel, room type, and rate type. The vendor states that it boasts a margin of error of less than 2%, potentially providing reliable forecasts.

Tools for Analysis: According to the vendor, this feature offers a set of flexible "calculator style" tools in the Calculate Hub, allowing hotels to analyze their business. It includes features such as cost analysis, package profitability, and rate change impact, potentially providing valuable insights to optimize revenue strategy.

Group Displacement Analysis: The software claims to provide clear recommendations on whether to accept a group booking, analyzing net and gross values to support decision-making. According to the vendor, this feature aims to help hotels make informed choices about group bookings.

Competitor Analysis: The software includes a rate shopping tool that the vendor claims keeps hotels up to date with pricing trends in the local market and among competitors. According to the vendor, it saves time by eliminating the need for manual data collection and analysis, providing an up-to-date overview of market positioning and overall demand.