Why should you do price monitoring for your establishment ?
An accommodation can complete with you only on a few segments and at different times of the week (e.g. on weekends).
Price is the number one choice criterion for more than 60% of customers who book online.
Anticipate this fluctuation and the pricing strategy of your competitors. This will give you a better visibility of the offers available on the other distribution channels. Competitive intelligence allows you to compare your best selling price with that of your main competitors on a daily basis...
This is an undeniable advantage in the hotel industry to adapt your offer and optimize your profitability.
The rates that we compare :
Prices on your competitor's site
An accurate price comparison tool
Our solution has been designed to guarantee a quick learning curve and an intuitive use. The access to the watch is done directly by your Reservit management software. By having a fast and reliable access to important information, in particular the price of the establishments arround you, you improve your capacity of acquisition of new customers.
This monitoring module allows you to automate the collection of information on the prices charged by your competitors. You will improve your performance on the web.
Easy to use
Registration of 5 + locations
Best daily rates over 365 days
Automatic daily reports
Optimise your reservation rates with the yield management tool
Algorithm studied for accommodations
Reliable calculation based on several criteria (competitors' offers, online reputation, etc...)
100% customized tool (competitors, room types)
Includes competitive intelligence
Automatic or manual dedicated tool
Marketing force on your pricing
How does the Yield Management work ?
The yield management is the essential tool of Reservit to optimize your sales prices and maximize your occupancy rate.
It allows you to position yourself against your main competitors and to build a relevant marketing strategy around your rates.
To guarantee maximum reliability, this module is based on a complete and complex algorithm that takes into account several criteria (occupancy rate of your hotel and your competitors, seasonality...)
The Yield Management tool and revenue optimization
Do you want to maximize your sales? The Yield Management tool is the best way to increase your occupancy rate.
Set the ideal selling price with this module !
Reservit's algorithm studies the online reputation of your establishment, that of your competitors but also their rates.
The tool adapts to your environment and sends you a price recommendation. As an administrator, you remain in control of your rates and you are free to accept or reject proposals.