Company Overview

About Octorate

Octorate Details

Founded

2015

Revenue

$5M

Funding

$560K

Team Size

38

What SIA Thinks

Octorate is a versatile cloud-based software designed to help hospitality businesses manage their operations more efficiently. Whether you run a hotel, a bed-and-breakfast, or a vacation rental, Octorate provides the tools you need to streamline various aspects of your property management. Its user-friendly platform is tailored to handle reservations, bookings, and customer communications all in one place.

One of the prominent features of Octorate is its channel manager, which allows you to distribute your rooms across multiple online travel agencies without dealing with the hassle of manual updates. This helps to ensure that your listings are always accurate and up-to-date, reducing the risk of overbooking and improving your exposure to potential guests.

In addition, Octorate offers a customizable booking engine that can be integrated directly into your website. This means guests can easily check availability and make reservations without navigating away from your site. It’s designed to boost direct bookings, which can often result in higher revenues since you avoid the commission fees charged by third-party booking sites.

The software also includes features for managing rates and inventory, facilitating smooth coordination of day-to-day operations. Furthermore, Octorate’s reporting tools offer valuable insights into your performance, providing data on booking trends, occupancy rates, and financial metrics, helping you make informed decisions.

Customer support is also a key aspect of Octorate. They offer assistance to help you get set up and answer any questions you might have, ensuring you can make the most out of the software’s capabilities. With Octorate, managing a hospitality business becomes a more straightforward task, allowing you to focus more on providing a memorable experience for your guests.

Metrics History

7/22 - 4/24

Trending up by 5.2% this month
Showing teamSize history

Pros and Cons

Pros

  • User friendly
  • Mobile access
  • Time-saving
  • Customizable reports
  • Centralized management

Cons

  • Limited support
  • Occasional glitches
  • Basic design
  • High subscription cost
  • Steep learning curve

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