Newhotel Rate Shopper is a comprehensive and intuitive software solution designed to help hotels, resorts, inns, and hotel groups monitor competitor pricing and optimize their own rate strategies. Fully integrated with Newhotel Cloud PMS, it provides real-time insights into market pricing trends, enabling hoteliers to make informed decisions that maximize occupancy and revenue. Recognized by over 6,000 customers, Rate Shopper empowers properties to stay competitive 24/7.

Features

• Real-Time Price Monitoring: Track daily price changes from competitors in your city or region.
• Custom Competitor Sets: Define and manage groups of direct competitors for focused analysis.
• Rate Comparison Tools: Compare prices by day, week, and accommodation type.
• Filters & Sorting: Set filters by competitor and sort rates by room types.
• Automated Alerts: Receive notifications about rate changes and competitor movements.
• Rule-Based Automation: Apply pricing rules based on occupancy, restrictions, and competitor behavior.
• Reports & KPIs: Access metrics like ADR (Average Daily Rate) and RevPAR (Revenue Per Available Room).
• Monthly Pickup Analysis: Track price evolution and booking trends.
• Integrated with PMS: Seamless connection with Newhotel Cloud PMS for synchronized rate updates.

Benefits

• Revenue Optimization: Offer the most profitable rates based on demand and competitor pricing.
• Competitive Advantage: Stay ahead of market trends with real-time data and alerts.
• Operational Efficiency: Reduce manual errors through automation and rule-based pricing.
• Strategic Planning: Use KPIs and historical data to refine pricing strategies.
• Scalability: Suitable for independent hotels and large hotel groups.
• 24/7 Support: Backed by a highly specialized helpdesk team available around the clock.
• Ease of Use: Simple and intuitive interface for quick decision-making.
• Market Intelligence: Discover highest, lowest, and average prices in your region.