Hotelnext.io & RoomPriceGenie – powering the hotel of the future

RoomPriceGenie x hotelnext.io

What is hotelnext.io? Hotelnext.io is an association of german hotel tech providers providers. The hotelnext.io platform provides answers to the question how digital tools can save valuable time for hoteliers. In an animated 3D tour every interested hotelier can see the future in action – with different partial solutions of the digital guest journey – […]

Intuitive dynamic pricing for hotels

Dynamic Pricing RoomPriceGenie

In 5 years, most hotels will have dynamic pricing. This may seem like a bold statement, but to us at RoomPriceGenie, we see every day in our work how necessary it is. But getting prices right wasn’t always so straightforward. And this is why we created Intuitive Dynamic Pricing. Why would all hotels benefit from […]

RoomPriceGenie and Typsy: Empowering hoteliers worldwide

Typsy RoomPriceGenie

Who is Typsy? Typsy provides online education to individuals, businesses, schools, associations, and governments globally to help people develop their skills and build their credentials. Typsy is an online learning experience platform with a curated library of short, bite-sized video lessons, all filmed with industry experts globally. Based in Australia, Typsy aims to engage and […]

RoomPriceGenie Rebrands as Growth Hits All-Time-High

Rebranding RoomPriceGenie

RoomPriceGenie, makers of the most intuitive automated pricing software for independent hotels, are launching our new look. Our website and general appearance will have a new style and feel, and we thought we would explain why. RoomPriceGenie is both growing fast, and growing up. At the start, we maybe saw ourselves as challengers to the […]

18 months pricing is available now – RoomPriceGenie

18 months pricing feature RoomPriceGenie

18 months pricing is included in our Revenue Management System One of the most common feature requests we have had has been to make pricing further out than one year. People are often booking well in advance, and good pricing should be available for this too.  We have been working on it for a while, […]

Google’s latest hotel ads changes: the winners and losers

Google Hotel Ads

This blog post was first published by Evan Davies for channex.io. You can find the original version here. Just this week we had some exciting news that now Google Hotel Ads will always show some of the Google Free Links on the front page of Google Hotels. The best part is that it is FREE. […]

9 things we’ve learned by doing pricing for hundreds of smaller hotels

Pricing for smaller hotels - RoomPriceGenie

Running a hotel is a lot of work. And pricing is often a secondary consideration, with the guest experience coming first. Sadly, the people who give so much energy to the guests may be missing out on many profit opportunities. We have helped hundreds of small hotels set their prices and make the most of […]

Your hotel’s prices are probably too low!

Your hotel’s prices are probably too low! - RoomPriceGenie

We often find that the hotels we set up are not, in our opinion, charging enough for their rooms. Especially now, in a post-corona period, when everything is uncertain, many hotels choose to sell low rather than sell their rooms for a good deal.  Why do hoteliers keep their hotel rates too low?  Hoteliers often […]

What is RevPAR and How Can Your Hotel Increase It?

What is RevPAR and How Can Your Hotel Increase It

Defining RevPAR and ADR What is RevPAR?  RevPAR (revenue per available room) is the most common measure of success of a hotel’s revenue and marketing strategy. It is actually a very simple measure, and is a better performance indicator than ADR (Average Daily Rate).  How to calculate RevPAR ? It can be calculated using the following RevPAR formula: […]

The Benefits of Having Cloud-Based Hotel Management Software

sky clouds

Cloud-based software is perhaps one of the leading changes within the hotel industry over the past decade. Through offering hotel owners safe and reliable means of running their property, the cloud presents a huge opportunity compared to the older on-premise systems.  Despite this, the daunting task of changing systems often means hotel owners are reluctant […]

Everything back to normal? What hoteliers need to know about Pricing in 2022

RoomPriceGenie RoomRaccoon Pricing

At RoomPriceGenie we love data. It enables better decision-making, and it helps us to understand and react to changes in the situation. We feel very lucky to have been given access to the data of our wonderful PMS partner, RoomRaccoon. As two ‘Room’ named companies, we were always going to feel some bond with each other, […]

Raising your room prices with inflation

Raising your room prices with inflation - RoomPriceGenie

Inflation in the hotel industry Inflation is one of those things that can creep up on you. Can you really notice a one or two percent average rise in the cost of things you buy? Some things go up, some things go down. But it all adds up. Looking at the US, for example, the […]

Travel tech innovators RoomPriceGenie bring in US$ 2.2m

Roompricegenie Founders

RoomPriceGenie continues disrupting the pricing automation space in hospitality 24 August 2021 (Steinhausen, CH / Mannheim, DE) – The Swiss / German technology startup continues on its success path and has now brought on board additional investors to speed up the international roll-out of their innovative pricing automation solution. With their mission to bring automated, […]

Why are we offering a hotel technology academy?

RoomPriceGenie Academy Courses

We have put a lot of care and hard work into building RoomPriceGenie (and we hope it shows when you use it). You could call it a labour of love – we listen to customer feedback and really put our hearts into making their experience better and their revenue higher. When the idea of building […]

Implementing your revenue management strategies when using an RMS

Implementing your revenue management strategies when using an RMS your revenue management strategies when using an RMS

How often should I intervene when using an RMS? We always say that a perfect pricing strategy is a combination of human and machine. The human role is to set up the strategy, rate policy and expertise in a context that the machine doesn’t have. The computer then does all the calculations to get perfect […]

Are you dynamically changing the price-gaps between your room types?

hotel corridor - price-gaps between your room types?

How much more should a superior room cost than a standard room? How much cheaper should the economy room be? What about the family room? The answer is, of course, that it depends. We know you were probably hoping for a more definitive answer here, but maybe we can ask the right questions to help […]

Revenue Management basics for smaller hotels

Revenue Management basics for smaller hotels - RoomPriceGenie

What is revenue management?  Pioneered by the airline industry in the early 1980s, revenue management is a way of pricing and marketing products that are perishable; in other words, if you don’t sell it tonight, you can’t sell it tomorrow. Revenue management is the process of achieving full financial value for what you offer, but […]

The Importance of Hotel Positioning in Building Your Hotel Brand

an idea lamp in sunset light - The Importance of Hotel Positioning

When people think of branding, they maybe think that means getting a good logo. But is this all there is to it? Absolutely not! And it is extremely important in determining the success of your hotel. What is your brand? Your brand is a combination of your promise to the customer, the role you play […]

How to Not Lose Money using OTA Discounts!

OTA Discounts - RoomPriceGenie

If you want to see a small-hotel owner get frustrated very quickly, a sure-fire way of getting them into that state is to ask them about their experiences with Online Travel Agency (Booking.com and Expedia.com – OTAs for short) discounts. On the one hand, they want their property to stand out on Booking or Expedia. On […]

It’s time for a man-and-machine team in revenue management

It’s time for a man-and-machine team in revenue management

How a little maths genius can make everyday life easier for us revenue managers Guest post by Gianluca Marongiu, from our partner Swiss Hospitality Solutions who offer a high level of revenue management consulting, outsourcing and education.  We see digitization and automation as one of the greatest opportunities for the hotel industry, especially during COVID-19 […]

Who is your hotel’s competitive set?

Who is your hotel’s competitive set - RoomPriceGenie

Your real competitors may surprise you! Defining your competitive set (comp set) as a hotel has long been seen as an important part of revenue management. Many hotels look to keep a certain pricing gap with their competitors. For some, this relationship forms an important component of their pricing decisions. But what if most hotels […]

5 Ways to Stay Productive and Prepare Your Hotel for Life After Lockdown

5 ways to stay productive and prepare your hotel for life after lockdown

There really isn’t any way to put a gloss on what is happening at the moment. However, it is always good to think of the positives and make the best of the situation.  We would suggest that the enforced break due to COVID-19 can be seen as an opportunity to re-envisage what you want your […]

What can Independent Hotels do to Lower The Impact of Coronavirus?

Coronavirus

The COVID-19 Coronavirus has already had a large impact on the hotel industry and brought with it a huge amount of uncertainty. The first priority at this time is obviously the safety of guests and staff. But the economic impacts are never far from everyone’s mind. The best advice we have heard is that hotels […]

Behavioural Economics and Hotel Revenue Management

behavioural economics

Hotel revenue management is about more than just making the most money for your room tonight We often hear hotels saying that they don’t change their prices because regular customers like the fact that their prices stay the same. Their feeling is that consistency builds loyalty. This is certainly true. To some extent we are […]

Marvin Talking About Hotel Technology (In Iceland)

Hotel Technology

https://vimeo.com/373394939 At RoomPriceGenie we LOVE co-founder Marvin’s presentations. And it’s not just us – we get a lot of great feedback too. And now, thanks to the wonders of modern technology, you too can experience the joy! Recently, Marvin took a trip to Iceland, presenting to a group of hoteliers information on hotel technology with […]