RateBoard

RateBoard is a revenue management system designed specifically for hotels and resorts. According to the vendor, it offers a comprehensive set of features aimed at helping hotel managers, revenue managers, sales managers, and general managers optimize their pricing strategies and maximize their revenue. With its tools and analytics, RateBoard is said to be suitable for hotels and resorts of all sizes, catering to the needs of the hospitality industry.

Key Features

Reputation Analysis: According to the vendor, RateBoard allows users to analyze the online reputation and guest reviews of the hotel, monitor and evaluate guest feedback, and identify potential trends and improvement opportunities.

Price Suggestions: The vendor claims that RateBoard utilizes an algorithm based on both internal and external market data to automatically generate what it considers to be optimal prices for available rooms, enabling potential revenue growth through dynamic pricing strategies.

Competitor Analysis: The vendor states that RateBoard provides the ability to monitor the pricing strategies of competitors, compare own prices with those of competitors, and identify potential opportunities for price optimization to stay competitive in the market.

PickUp Analysis: According to the vendor, RateBoard enables users to evaluate booking trends and occupancy levels in order to identify patterns and changes in demand, allowing for potential adjustments in pricing strategy based on insights gained.

Price Levels: RateBoard allows users to define different price levels for various time periods, providing potential flexibility in pricing based on seasons, weekdays, and special events, allowing for potential tailored pricing strategies.

Autopilot: According to the vendor, RateBoard offers the ability to automate the pricing strategy according to individual preferences, quickly accept what it deems to be the right rate suggestions, and directly transmit prices to the Property Management System (Property Management System).

KPI Dashboard: RateBoard is said to provide a clear and concise display of key performance indicators, allowing for potential easy comparison of current results with past data and facilitating analysis of progress and goal achievement.

Analysis Templates: According to the vendor, RateBoard provides access to pre-defined analysis templates for various aspects of revenue management, enabling potential quick access to relevant data and insights while also allowing customization to meet specific requirements.

Multiple Rates: RateBoard allows users to define and manage different rates for room categories, providing potential flexibility in pricing for different customer segments, optimizing occupancy, and potentially increasing revenue through targeted rate structures.

Event Calendar: According to the vendor, RateBoard enables users to capture and consider events and occasions in the calendar, potentially allowing for adjustments in pricing strategies based on event data and maximizing revenue potential during special events.