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Author: Joerg Siegel
Intuitive dynamic pricing for hotels

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

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.
Your hotel’s prices are probably too low!

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.
Aura Accommodation

“I have more time now. I logged on today for the first time in a week, and yet I knew that over the course of the last week, my pricing was moving accurately and effectively with what was happening in the market.” Nick, Owner of Aura Accommodation, New Zealand aurarotorua.co The background to Aura Accommodation […]
Revenue Management with Reconline

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 […]
Travel tech innovators RoomPriceGenie bring in US$ 2.2m

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.
Hotel Vorab

“The market has changed extremely over the years. Especially in the area of pricing and revenue management, you can get a lot out of it if you get involved.” Martina Meiler, Chef de Reception at Hotel Vorab in Flims, Switzerland hotelvorab.ch Please introduce yourself and tell us briefly more about your hotel, your history and […]
Alexandra Hotel

“Doing the pricing started off as a fun game, but eventually the amount of work required on a daily basis (half an hour to an hour) combined with the fact that I knew I still wasn’t on top of everything, became a drag.” Steve, Owner of Alexandra Hotel, England alexandraweymouth.com “I always dreamed of owning […]
Hotel Rössli Gourmet & Spa

“In terms of today, dynamic pricing is crucial to one’s positioning in the market.” Anne Klaus, Head of Reception at Hotel Rössli Gourmet & Spa, Switzerland Introduce yourself briefly and tell us more about your hotel, your story and the market. The 4-star Hotel Rössli Gourmet & Spa with its 62 rooms with balcony, the […]
RoomPriceGenie and RoomRaccoon – a match made in room heaven

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 […]
Your Apartment

“It saves massive amounts of time each day and we’ve had excellent revenue results so far. We can honestly say it has saved 7-9 hours per week, allowing the system to do the work.” Charlie, Owner at Your Apartment, Bristol, UK yourapartment.com Toby & Charlie’s Journey… Back in 2017, Brothers Charlie and Toby Guest set […]
B_smart selection

“The goal must be to sell the right room, at the right price, to the right guest.” Peter Ritsch, Sales Manager b_smart selection, Switzerland www.b-smarts.net Please introduce yourself and tell us a little bit more about your hotel, your history and the market. I am Peter Ritsch, Sales Manager of b_smart selection. The b_smart selection […]
Hotel Rössli

“In summary, I can say that with RoomPriceGenie I was able to increase sales by 10%. I am very satisfied!” Rafael, Manager at Hotel Rössli, Zuzwil, Switzerland roessli-zuzwil.ch Please introduce yourself and tell us briefly more about your hotel, your history and your market. Hotel Rössli in Zuzwil is located in a rural community in […]
Finca Son Jorbo

“Unfortunately, all of the solutions available were targeted for bigger hotels and cost way above our budget.” Martin and Annie, Owners of Finca Son Jorbo, Mallorca, Spain fincasonjorbo.com “Unfortunately, all of the solutions available were targeted for bigger hotels and cost way above our budget.” Hello! We are Martin and Annie. Originally from England; we […]
Salina Maris

“It was quite a lot of work every day and every week and our reactions were often slow. With RoomPriceGenie it’s automatic and reacts much faster on the short selling cycle.” Dr. Markus Schmid, Manager of Salina Maris Spa Hotel, Switzerland salina.maris.ch From Excel to effortless! My wife and I run a small, private owned […]
Hotel Emma

“I was doing everything manually and I was trying to look 365 -days in the future, but I was always too late. I was either fully booked much more in advance or I missed the opportunity to sell at double the price.” Luigi, Owner of Hotel Emma, Rotterdam hotelemma.nl Continuing the grandparents’ family business Hotel […]
Hotel Beausejour

“I have more time now, and I feel more comfortable. I can rely on RoomPriceGenie because it does see the changes in the markets and will help me with my pricing strategy in future.” Massiva & Emmanuel, Owners at Hotel Beausejour, Paris hotelbeausejourparis.com Me and my brother started with Hotel Beausejour in 2005 as a […]
The Life Suites

“You don’t wake up in the morning and say ‘I want to tweak my prices!’” Thomas Tewolde, Owner of The Life Suites Toronto and founder of BookingAutomation, the PMS for short-term rentals thelifesuites.com BookingAutomation.com I’m Thomas and I grew up in Toronto, Canada. I used to be a real-estate broker, looking after other people’s properties, […]
How to Not Lose Money using OTA Discounts!

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

Guest post by Gianluca Marongiu, from our partner Swiss Hospitality Solutions who offer a high level of revenue management consulting, outsourcing and education.
Portland Hotel

RoomPriceGenie drastically reduced the time spent comparing competitors, rates and market trends. Dale McNicholas Can you tell us a little bit about your hotel, your story and your future plans? I was brought in as a revenue management consultant for the 22 room Portland Hotel in Buxton. It’s a lovely, elegant but homely hotel, in […]
Pension Jägerhaus

Thanks to RPG, I now finally have time for other things and at the same time was able to increase my sales by 11%. Gunnar Brückner Can you tell us something about your hotel, your history and your destination? We live on Germany’s largest island, the island of Rügen. In July 1996 we opened our […]
Revenue Management Systems and the Recovery from Corona – Will Pricing be Accurate?

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?”.
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.
The Next Generation of Hotel Technology

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.
Ask The Experts #4 – Decision Making Technology with Scott Dahl

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.
Revenue Management Software with SiteMinder

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 […]
Revenue Management with Seekom

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 […]
Revenue Management Software with Protel

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 […]
Revenue Management with Mews

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 […]
Revenue Management Software with Little Hotelier
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 […]
Revenue Management with Hotel Spider
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 […]
Revenue Management with Guestline

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 […]
Next-Generation Hotel Revenue Management with Clock and RoomPriceGenie

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 with Booking.com

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 […]
Vacation Rental and Apartment Revenue Management with Booking Automation

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 […]
Vacation Rental and Hotel Revenue Management with Beds24
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
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 […]
Advanced Method Forecast or Linear Method
FC (Advanced) = OTB + PU (exp.) PU (exp.) = Average PU per day * d (remaining)
Historic Method Forecast
FC (historic) = (RN(Y-1) + RN(Y-2) + RN(Y-3) / numbers (n)