Our development team has been busy at Rate Yield! We are excited to announce product enhancements that have been made in recent months and are a testament to our unique value proposition!
Market Place:
The competitive set is a crucial part of Rate Yield’s algorithm. As of March 2024, you can now weigh the competitors differently by day of week.
In the marketplace tab, you can now verify how recently a shop was done. By simply clicking on the rate in question, you will see how long it has been since the rate was last shopped.
We now have two options for our recommended sell-out pricing. We have had AI-derived sell-out pricing in place for several months and we recently launched a feature to use the last shopped rate prior to the hotel being sold out as their replacement rate.
Reports:
We have launched a new report that can be emailed daily which outlines the progression of pace each day for the upcoming 365 days.
We have launched our first version of dashboards. With three initial dashboards looking at KPIs, competitive rates and comparisons of the hotel rates against the benchmark.
Alerts for price variations in the competitive set sent by email, based on thresholds set by you.
Stay tuned as we continue to add functionalities and features to our innovative and accessible revenue management system! Reach out to our sales team to schedule a demo today!
