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.
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 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.
Reconline PMS is web-based reservation solution for small to medium-sized hotels/hotel groups that simplifies the reservation process both on your website and your front desk. Front Desk Manage reservations from a single screen, with real-time overview of all your bookings; Make changes to bookings with a simple drag and drop option; Post charges and payments […]
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.
The life of a hotelier has never been easy. But especially in the new world we live in today, doing business isn’t getting any easier, right? Sometimes, it feels like the job of a hotelier turned from a guest-facing hospitality provider to a role where you are behind your computer all day long trying to […]
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.
Guest post by Gianluca Marongiu, from our partner Swiss Hospitality Solutions who offer a high level of revenue management consulting, outsourcing and education.
Data is the future! Data will help you make better decisions! Data’s so great! It is better than humans! Data this! Data that! As my kids would say “If you love data so much, why don’t you just marry it?”.
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 love our partners and we’re pretty sure they’re relatively fond of us too. Fortunately, we were given the opportunity to have a chat with some of our friends over at the recent World Travel Market (WTM) expo in London and bring to you the faces behind the next generation of hotel technology.
On this instalment of our ‘Ask The Experts’ series, we were fortunate enough to sit down with Director of Master’s at Les Roches Global Hospitality and all-round hospitality/revenue management guru, Scott Dahl.
SiteMinder is a simple and effective guest acquisition platform that offers you channel management, customer support, room booking management and much more. With a hugely friendly user interface, SiteMinder gives you complete automation and control over your distribution allowing you to make the most of your greatest asset; your hotel. Whilst you’re investing in technology […]
Seekom is a cloud-based Property Management System (PMS) offering you booking engine technology, channel management, guest communication and much more. Designed with a variety of property sizes in mind, this PMS offers full automation to many of the daily tasks involved in running your business. With regular updates and an easy to use interface, Seekom […]
Protel is your go-to Property Management System (PMS) for single or multi-property businesses. With automation for nearly every aspect of running your business, Protel can help you with everything from employee management, accounting, and catering to online booking and channel management. Trusted by over 14,000 customers Protel really is one of the biggest players in […]
Mews is an innovative Property Management System (PMS) that specializes in automating your daily tasks. Covering every possible base, Mews can help you and your team with booking management, upselling, online check-in, housekeeping and accounting, taking you away from your desk and placing you back on the floor spending valuable time with your guests. Easy […]
Little Hotelier is your all-in-one Property Management and Channel Management solution for bed and breakfasts, guesthouses and small hotels. Specifically designed with the smaller property in mind, Little Hotelier has you got you covered when it comes to getting big exposure for your small property. Boasting a wide range of tools from distribution management and […]
Hotel Spider, a Swiss channel manager, strives to meet all your distribution needs in one easy to use software. With a reliable two-way interface, you can input your rates and availabilities or even have your PMS automate the process. This information is then distributed over all your connected booking portals and, once a reservation is […]
Guestline is a Property Management System (PMS) dedicated to giving you more time with your guests. Believing that time is your greatest power, Guestline covers every base from property and channel management to booking engines and payment solutions. With a self-explanatory software and easy functionality, this PMS gives its customers total ease at the touch […]
Clock is a cloud-based Property Management System (PMS) specialising in a wide range of customer-facing features. Covering you from catering and maintenance management to online booking and marketing automation, Clock provides its clients with a well rounded and versatile solution to the daily tasks of property management. RoomPriceGenie is specially built for smaller hotels of […]
Revenue Management Software company, RoomPriceGenie now offers a one-way integration with Booking.com which allows you to see our pricing recommendations and updates on your booking.com profile. By making your dynamic and smart prices visible on multiple booking platforms, you’re boosting your visibility and encouraging more customers to view your competitive prices. RoomPriceGenie is specially built […]
Booking Automation is a go-to for all your property management needs when it comes to short-term rentals. With the ability to sync with a variety of channels including booking.com, Airbnb and many more, this property management system can help you optimise your property’s visibility. Automation of your calendar, communications, and payment mean the day to […]
Beds24 is a powerful cloud-based Property Management System designed with the vacation rental property manager in mind. Extremely flexible and able to suit a range of properties from B&B’s and hostels to holiday rentals, this PMS can manage multiple properties as well as automate the routine runnings of a property manager on a daily basis. […]
Displacement cost refers to the revenue potential lost, or displaced, to the enterprise incurred by accepting one piece of business over a competing opportunity. When a hotel accepts a group, it may have to refuse some volume of non-group business as a result. The revenue from that non-group business is therefore displaced, but the question […]
OTB = On The Books; BOB = Business On Books The most common acronyms, both used interchangeably, for reservations and overnight stays already booked. You should find this information in your Property Management System (PMS). Rooms sold «my hotel» : RN or Revenue = OTB
At a hotel, the time taken between when a customer makes a reservation and their actual arrival is called the Lead Time. Sometimes this time period has to be restricted. Date of arrival – Date of reservation
Revenue market share is the percentage of revenue one hotel makes as compared to the overall competitive market. It is calculated by taking your hotels revenue and dividing that by the total market revenue. Revenue «my hotel» : revenue «market» (incl. my hotel) x 100 = AMS
Actual market share is the percentage of your hotels number of rooms sold compared to the overall competitive market. It is calculated by taking your hotel room nights sold and dividing that by the total market room nights sold. Number of rooms sold «my hotel» : number of rooms sold «market» (incl. my hotel) x […]
Fair Market Share is an indication that a hotel’s overall performance stacks up against its immediate competitors. Number of rooms «my hotel» : number of rooms «market» (incl. my hotel) x 100 = FMS
Break Even Point (BEP) / Room Nights (RN) The break–even point (BEP) or break–even level represents the sales amount—in either unit (quantity) or revenue (sales) terms—that is required to cover total costs, consisting of both fixed and variable costs to the company. Total profit at the break–even point is zero. marginal return = ADR – Variable costs BEP RN = Fix […]
“Thanks to the seamless integration between Beds24 and RoomPriceGenie price optimization across all sales channels is fully automated so our customers save time and resources”.
A pricing philosophy where the seller considers both current market conditions and impartial customer perceptions to determine what the buyer would be willing to pay.
The level of demand that exists for a product without reference to the price levels and staycontrols that the seller might implement to constrain it. Unconstrained Demand = Constrained demand + Denials + Regrets
Transient guests are one of the major market segments an consist of individuals or groups that are occupying less than 10 rooms per night. Generally, they are walk-in guests, last minute or bookers or simply people that require a very short term stay in your facility. They require very little in terms of services and […]
A negotiated rate for a block of rooms associated with tour operators/wholesalers who package together travel components and sell them as escorted tour group, escorted tour series or inbound ad hoc group.
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