Defines specific actions that need to be taken in order to achieve highest yield from the operations. Organizes and automates the Pricing and Revenue Management business process, including data analysis and decision making (based on user preference.) Reduces workload & human error thus freeing up the manager’s time to concentrate on more relevant strategic decisions
IQrates is designed to:
• Assist managers in daily decision making for group reservations, promotions and other important actions through a wide range of comprehensive reports. Provides graphs, tools, notifications, and alerts when action is needed.
• Constantly monitor and update daily rates in reaction to demand fluctuations, based on the information obtained from external resources, such as competitive prices, hotels own changing parameters and other relevant internal and external metrics.
• Build adequate adaptive strategy for these rate corrections, based on each property’s specific characteristics. We take into account the property’s financial model. This not only maximizes revenue but bottom line profits after considering all revenue-generating departments.