A next generation revenue management software that was built to address the changing needs of hotels and revenue managers.
While some call it Machine Learning and others call it Artificial Intelligence (AI) we just call it Intelligent Pricing™. Rzr Price Optimizing Engine is a patent pending econometric algorithm that takes into account hotel’s organic demand and then layers on external influencers such as compset pricing, vacation rental demand, airfare prices, and TripAdvisor ratings to come up with best fit price for the hotel at any given day.
Price Sensitivity Analysis
The Rzr Price Sensitivity Analysis algorithm changes rates automatically as soon as there is any rate resistance, increased demand, or changes in overall trends in the marketplace.
Automatic Rules Engine
Rzr Rules Engine allows the DORM to setup floors and ceilings for the hotel, benchmark against a particular competitor(s) or the competitive set averages, set rolling rate setup strategies by booking window, and more. Essentially it is possible to configure the system to be almost entirely hands off if you set your ducks in a row.
Special Events Impact
Create special events and citywides that can impact your demand. The Rzr forecast index algorithm isolates the impact of the event in the price optimization calculations. Rzr will help you raise rates well in advance of the competition.
Timeshare and Condotels
Rzr is the only software in the market suited for Timeshares and Condotels that have variable inventory due to Owner Use. Rzr calculates daily timeshare and owner use forecast i.e. only software in the market to do “Supply Side” Forecast along with Demand Forecast.