Strategix

Strategix, developed by Revnomix Solutions in collaboration with IDS Next, is a cloud-based business intelligence solution aimed at enhancing data analytics and potentially increasing revenue for hotels. The product integrates with hotel property management systems, making it suitable for hotels of various sizes. According to the vendor, hoteliers, hotel management companies, asset management companies, and hotel franchises can all benefit from the analytical capabilities of Strategix.

Key Features

Revseed Strategy Management System: According to the vendor, Strategix is a cloud-based business intelligence solution that offers integrated modules with hotel property management systems. This integration is intended to improve data analytics and potentially increase revenue for hotels. The vendor claims that Strategix provides a single platform to meet various analytical needs.

Volume Strategy: According to the vendor, Strategix utilizes artificial intelligence (AI) and machine learning (ML) algorithms to recommend pricing strategies that may optimize occupancy rates. By considering historical data and market demand, the vendor suggests that hotels can potentially maximize their occupancy and revenue.

Rate Strategy: The vendor claims that Strategix recommends pricing strategies to potentially optimize rates based on market conditions. By analyzing competitor pricing and positioning, the vendor suggests that hotels can potentially maximize their revenue per available room (RevPAR).

Market Linked Strategy: According to the vendor, Strategix recommends pricing strategies based on the hotel's and competitors' pricing and positioning. By leveraging AI and ML algorithms to analyze market data, the vendor claims that hotels can potentially stay competitive and make strategic pricing decisions.

Availability Strategy: The vendor states that Strategix recommends pricing strategies based on the number of rooms available to sell. By utilizing AI and ML algorithms to analyze demand and availability, the vendor suggests that hotels can potentially optimize their pricing based on inventory and ensure they are potentially maximizing revenue based on room availability.