What is the Best Hotel Revenue Management Software or Business Intelligence Tool? Try Avalon Analytics.

Not every SaaS solution is suitable for everybody, therefore we would love to assist you through choosing the best hotel business intelligence tool that suits your hotel management needs.

A single solution can’t be suitable for every hotel. Each revenue management software has its own qualities and distinctive features. However, Avalon Analytics is an all-in-one data analytics software solution made for varied stakeholders across the hospitality industry. Whether you’re an on-property revenue manager, sales manager, general manager or an above-property VP of Operations, CEO, or owner, our software can produce any of your business intelligence insights in a matter of seconds. 

In this article, we will explore other hotel analytics & revenue management software solutions, in order to help you choose the best business intelligence tool for the revenue manager on your team.

Hotel Data Analytics for Revenue Managers

Avalon Analytics is one of the best hotel data analytics & revenue management software in the market with its great selection of features and superior customer service. If you are looking for not only a BI tool, but also a place for your teams to feel empowered to make revenue-generating decisions, Avalon Analytics is your go-to choice as it offer several tools for increased communication that scales with your hotel management needs in order to save costs, save time and drive more revenue and profit. 

Anything you might want in terms of a data intelligence tool is possible with Avalon Analytics. Data dimensions available include market code, segment, group, channel, number of adults/children, booking status, rate code, source, room type, charge room type, lead time, length of stay, VIP status, membership, company, travel agent, country, or anything that comes into your mind. We can aggregate your business data analytics served on a silver platter – so you can focus on what matters the most, increasing your revenue!

However, there is a big competition between different analytic solutions, as ‘big data’ has become increasingly popular recently. If you want to compare Avalon Analytics to others, we suggest you take a look at Revenue Insight by OTA Insight, Juyo Analytics, and IDeaS Optix. 

• Revenue Insight is also great if you have all their other products, Rate Insight, Parity Insight, and Market Insight. 
• Juyo Analytics stands out as an all-in-one solution
• Optix by IDeaS is an add-on module if you are already using their IDeaS G3 revenue management system. 

Budget & Forecasting for Hotels

Avalon Analytics is one of the highest rated business intelligence tools globally on credible listings platforms such as Hotel Tech Report. Our robust revenue management software offers a budget and forecasting module that will help you maintain multiple versions of your budget and forecast, so you can flex your forecast based on real-time changes to your business patterns. Our business intelligence software aims to solve real problems in the hospitality industry, using the latest technology to ease every aspect of the dreadful annual budget season process. However, there are also great BI Tools you can check out and compare with Avalon such as ProfitSword, HotelIQ and IDeaS RevPlan. 

• ProfitSword is the most popular with advanced functions to forecast your payroll and expenses. 
• HotelIQ aims to eliminate the need for spreadsheet process with their automated forecasting functionality.
• IDeaS RevPlan is also great thanks to their advanced features but mostly available to their existing revenue management system users.

Hotel Rates Shopping Tool

Our revenue management software is used by 100’s of trusted revenue management professionals all around the world. Chosen by big brands, small independent hotels, city hotels and resorts. We are a great all-in-one solution with several applications, including the Avalon pricing module. This empowers hotels to optimize revenue management strategies using their internal hotel performance data against their competitors set with access to real-time competitive rates, in-depth knowledge of market positioning and much more. Making it the ultimate go-to hotel business intelligence solution that enables hoteliers to make informed top-level decisions in order to increase RevPAR. 

However, there are other solutions whose specific target audience is for rate shopping and rate parity. If you want to check out Avalon alternatives for rate shopping tools and rate parity, you can check out Optima by Rate Gain, Rate Insight by OTA Insight, and Fornova. 

• Optima by Rate Gain offers real-time rate intelligence for every step of the traveler’s journey. 
• OTA Insight is a great easy-to-use platform providing granular insights on competitors’ rates, ranking, and reputation. 
• Fornova is a special solution for managing partner relationships more effectively to reduce wholesaler leakage.

Multi-Hotel Reporting Platform

From multi-property performance evaluation to single property reporting, Avalon allows you to deep-dive into data analytics that cover most of your needs as an individual, chain scale and portfolio property owner. You can quickly identify where you need to invest your time and focus on revenue-generating insights with Avalon’s user-friendly visualization dashboards. Having access to create actionable insights from recognizing booking trends over time can change the outcome of your business, in a matter of seconds. Other than Avalon, there are solutions designed to meet the particular needs of hotel clusters such as IDeaS Optix, HotelIQ by Intelligent Hospitality and ProfitSage by ProfitSword. 

• Optix by IDeaS is great for G3 RMS users from a corporate level with their rolled-up data and ability to identify problem properties or segments. 
• HotelIQ offers a cloud-based platform to disseminate a unified vision of your chain’s current performance and future journey.
• ProfitSword is has advanced accounting features providing a macro-view of performance to manage your CEO’s needs.

Tailor-Made Business Intelligence Software

We offer customized platforms and white label hotel business intelligence solutions to hotels. Our features are flexible to meet the unique needs of each hotel, offering a personalized approach necessary to improve your revenue overall. This includes automation of your already existing reports, tailor-made and up-to-date PowerPoint presentations for weekly revenue strategy and owner month-end meetings that are accessible within minutes.  That’s why Avalon is one of the best revenue management software for hotels and resorts. You can also easily integrate with Opera PMS, Infor HMS, FOLS along with many other property management systems to easily spot trends hidden in your data. Integrate and schedule reporting with third parties like Smith Travel (STR). Accessing benchmarking performance data, competitor rate shopping and other external sources against your own internal performance all within the Avalon platform. Our goal is to save you from repetitive tasks and instead of accessing multiple web applications daily, you can focus on making more revenue. We are also preferred by hotels because of our cost-effective prices. If you are still looking for a hotel business intelligence software for revenue managers and are interested in learning more about Avalon Analytics, get in touch with us to book a demo below.