Lybra
Overview, Comparison, & Features
Lybra is the creator of the Assistant Revenue Management System, a machine learning-based revenue management system for the global hospitality industry. The Assistant RMS assists hotels in identifying and capturing prospective revenue opportunities, as well as automating time-consuming revenue management operations, in order to increase bookings and income – and help hotels recover faster. The company name is derived from a Latin term that means 'balance,' as RMS strikes the ideal mix between machine learning and human intuition.
Supported Operating System: Windows, Mac, Web Browser
Lybra RMS
Lybra Assistant is the first RMS to integrate global booking engine data and flight search data into its predictive algorithm in real-time, giving the RMS a completely unique forecasting ability by providing data on the city of departure and arrival, number of people travelling, LOS, spending capacity, and more for each search. Because airline searches are indicative of future travel intent, this data can be utilised to identify probable future travel demand and, as a result, as a basis for determining appropriate room rates.
Lybra Solutions Private Limited
First lets understand what it covers:
Features:
- Group Displacement
Many months in advance and with a high degree of precision, the solution allows a choice to be made about whether to accept a group reservation in relation to individual bookings.
- Rate Shopper
Real-time monitoring of rival pricing changes for all room kinds and layouts.
- Statistics
The Assistant RMS is the ideal tool for monitoring and improving your sales plan, as well as your property's revenue management strategy, because it provides access to all PMS data via a comprehensive and easy-to-understand dashboard.
- Lybra Eye
The Assistant RMS's Lybra EYE module displays who is looking to travel to a hotelier's destination, when they are looking to travel, what price they are ready to pay, and what type of room they are looking for. This information allows the hotelier to better estimate future demand and, as a result, price rooms more competitively in order to obtain more reservations.
- Calendar
Monitors the progress of pick-up, rivals, and demand pressure on a single dashboard to analyse business opportunities in seconds.
Pros:
Easy to use, action-oriented, smart and efficient
Even inexperienced revenue managers and small hotel owners will find it extremely handy.
A comprehensive revenue tool that incorporates competitive rate shopping, rate suggestion, financial performance analytics, and destination flight demand.
Cons:
Does not provide customized reports based on customer’s need
The display cannot be customized
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