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Tag: Rate-Highway

  • Rate-Highway Announces RateMonitor Elite, the Most Powerful Revenue Management Tool in the World

    Rate-Highway Announces RateMonitor Elite, the Most Powerful Revenue Management Tool in the World

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    Press Release
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    updated: Jan 2, 2018


    NEWPORT BEACH, Calif., January 2, 2018 (Newswire.com)
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     Rate-Highway, the global leader in revenue management software for the car rental industry announced the release of RateMonitor® Elite, the most powerful and straightforward version of RateMonitor ever created.

    RateMonitor Elite is the world’s best platform for providing real-time market data, analyzing and allowing you to make quick, intelligent pricing decisions to optimize revenue. Elite analyzes demand and pricing trends faster and with fewer steps – producing custom pricing easier than ever before and saving even more time while increasing revenue.

    Increasing revenue has never been this easy! We have made it simpler and faster for our clients to increase revenue and save time with RateMonitor Elite.

    Chris Mitrision, Lead Product Manager

    “Increasing revenue has never been this easy! We have made it simpler and faster for our clients to increase revenue and save time with RateMonitor Elite,” says Chris Mitrision, Lead Product Manager at Rate-Highway.

    Throughout RateMonitor Elite, users will notice a cleaner, sleeker design that’s more intuitive and organized. We’ve added features and abilities which enable users to quickly optimize their rates. We’ve engineered a ground-up rebuild, allowing the use of the most modern technology and allowing for constant innovation in the months and years to come.

    About Rate-Highway
    Rate-Highway is the leading provider of automated rate positioning technology for the global auto rental industry since 2002 and introduced the all-inclusive, groundbreaking RateMonitor® automated rate positioning product to the auto rental industry in 2004. RateMonitor is a full-cycle rate gathering, analysis and correction solution that can ensure your fleet is always competitively priced and that you are earning the greatest possible revenue.

    Source: Rate-Highway Inc.

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  • Rate Highway and Perfect Price Partner to Deliver Artificial Intelligence for Car Rental Pricing

    Rate Highway and Perfect Price Partner to Deliver Artificial Intelligence for Car Rental Pricing

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    Press Release
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    updated: Jun 2, 2017


    Newport Beach, CA, June 2, 2017 (Newswire.com)
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     RateHighway, the leading provider of automated rate positioning technology for the global auto rental industry, has partnered with Perfect Price, the leader in artificial intelligence for revenue management and price optimization, to deliver the first artificial intelligence solution to car rental companies. 

    “We are delighted to offer this groundbreaking, first-of-its-kind capability to our customers,” said Michael Meyer, President, RateHighway. “In today’s exceedingly competitive car rental environment, driving rental profitability is more important than ever.”

    “For decades, companies shot from the hip on pricing, Then automation made better rate positioning possible. But without rigor and oversight, it can result in a race to the bottom. Artificial intelligence represents a new way to recapture time, revenue and profit while increasing growth.”

    Alex Shartsis, CEO, Perfect Price

    The comprehensive pricing solution combines the leading rate automation technology Rate-Highway has provided since 2002, and the revolutionary artificial intelligence capabilities Perfect Price brings to the industry from Microsoft, Twitter and the FERMI nuclear physics laboratory.

    “I was amazed by how quickly AI improved our business,” said Sharky Laguana, CEO, Bandago and Board Member, American Car Rental Association. “We have seen both utilization and revenue per unit climb measurably in cities where we use Perfect Price, while staying the same in cities where we left our old pricing model in place.”

    “For decades, companies shot from the hip on pricing,” said Alex Shartsis, CEO, Perfect Price. “Then automation made better rate positioning possible. But without rigor and oversight, it can result in a race to the bottom. Artificial intelligence represents a new way to recapture time, revenue and profit while increasing growth.”

    “With this partnership, we build on RateHighway’s transformative automation, which has delivered windfalls for its customers. Together, we enable the next level of business excellence through artificial intelligence — for nearly any car rental business, not just the majors,” said Mr. Meyer.

    About RateHighway, Inc.

    RateHighway is the leading provider of revenue management technology for the global auto rental industry. RateHighway has been providing web rate gathering technology to the travel industry since 1998 and introduced the all-inclusive, ground-breaking RateMonitor(r) automated rate positioning product to the auto rental industry in 2004. RateMonitor is a full cycle rate gathering, analysis, and correction solution that can ensure your fleet is always competitively priced. For more information, contact sales@ratehighway.com.

    About Perfect Price, Inc.

    Perfect Price is the leader in artificial intelligence for revenue management and price optimization. Headquartered in San Francisco, Perfect Price serves global customers with the most advanced artificial intelligence and machine learning based solutions in a software as a service model. For more information, contact press@perfectprice.com.

    Source: Rate-Highway, Inc.

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  • RateMonitor® Now Even More Powerful With the Addition of Artificial Intelligence

    RateMonitor® Now Even More Powerful With the Addition of Artificial Intelligence

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    RateMonitor delivers advanced A.I. capabilities, empowering car rental companies to price their vehicles based on predictive analysis

    Press Release
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    updated: May 9, 2017


    Newport Beach, CA, May 9, 2017 (Newswire.com)
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    Rate-Highway, the leading provider in Revenue Management software for the global car rental industry, is proud to announce that its flagship product, RateMonitor® now has artificial intelligence (A.I.) integrated into the platform, making RateMonitor not only the world’s most powerful, but now also the smartest revenue management system in the car rental industry. 

    RateMonitor continues its breakthrough innovation streak by coupling advanced A.I. capabilities with the leading revenue management system — basing car rental rates on local events, competitor pricing, current utilization, historical data, forecasts and more — all reviewed automatically using machine learning. It’s so effortless that anyone will now be able to use A.I.-powered rules that get smarter with every interaction.

    With Rate-Highway’s RateMonitor, we are delivering the world’s smartest Revenue Management tool for the car rental industry. RateMonitor makes it easy for everyone to take advantage of best-in-class A.I. capabilities when pricing their vehicles.

    Chris Mitrision, Product Manager, Rate-Highway

    About Rate-Highway

    Rate-Highway is the leading provider of automated rate positioning technology for the global auto rental industry. Rate-Highway has been providing rate gathering technology to the auto rental industry since 2002 and introduced the all-inclusive, ground-breaking RateMonitor automated rate positioning product to the auto rental industry in 2004. RateMonitor is a full cycle rate gathering, analysis, and correction solution that ensures client fleets are always competitively priced and result in the highest revenue possible.

    Source: Rate-Highway, Inc.

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