i-Rates Introduces Revenue Sharing for Hotels

10/9/2013
i-Rates, a new-generation Hotel Revenue Management System, has unveiled a new option for smaller to mid-sized hotels for software that allows the hotel to use the program’s algorithm to maximize the final yield when taking into account all revenue-generating factors. Comfort Suites Rochester became the first i-Rates customer that adopted the Revenue Share model recently introduced by the company. According to this model, customers have an option to pay for the i-Rates Revenue Management Software services in the form of a share of the Year-Over-Year revenue growth that the hotel achieves, thus optimizing the return on investment for the property.
 
i-Rates is the new-generation Hotel Revenue Management System that is extremely intelligent yet simple to use. It sells hotel rooms at the optimal price every day of the year, automates daily routine revenue management tasks, provides all necessary information for the manager’s strategic analysis and increases the bottom line. It is adaptable and fully flexible. The core of i-Rates is the innovative state-of-the-art algorithm based on the mathematic theory of reinforcement learning. Its central algorithm is based on maximizing the final yield when taking into account all revenue-generating factors.
 
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