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Canvas Apartments and Lofts offer a unique blend of history and modern luxury in two iconic locations in Spain: Cadaqués and Girona. What started as a historic house in Cadaqués has now transformed into high-demand apartments, while the Girona apartments, originally in ruins, were restored after significant archaeological discoveries. With a rich historical backdrop and picturesque location along the river, both properties have become favorites for tourists.
Spain
26 to 50 rooms
Cloudbeds
“In terms of profits, I’ve improved room pricing by 10 to 20%, optimizing it seasonally. This also allows me to lower prices during periods of lower demand, which has increased reservations.”
Isabel Rodeja
The Challenge
Before adopting RoomPriceGenie, the manager of Canvas Apartments and Lofts, Isabel, manually handled pricing strategies for both properties, a process that was not only time-consuming but also prone to errors. Constantly monitoring competition, supply, and demand meant being glued to market fluctuations daily. Isabel struggled to optimize prices without a dynamic platform and often missed opportunities to maximize revenue.
The Trigger
The turning point for Isabel came when she realized the manual pricing process was unsustainable. The constant need to monitor market changes was overwhelming, and she lacked the time to stay on top of everything. A hotelier friend introduced her to RoomPriceGenie, recommending it as a cost-effective and efficient solution that could help her significantly improve revenue. The prospect of better price optimization and time savings convinced her to give it a go.
The Solution
RoomPriceGenie has been a game-changer for Isabel and her team. The platform updates prices every four hours, removing the burden of constant manual oversight. Isabel can now confidently tell her guests that an expert solution determines prices based on real-time supply and demand, a fact that guests appreciate.
The integration with Isabel's PMS system has been seamless, eliminating any potential disruptions to her operations. The system’s ease of use and the ability to have periodic meetings with the RoomPriceGenie team has allowed Isabel to align her pricing strategy with her business goals.
Furthermore, RoomPriceGenie's excellent customer service ensures that any issues or questions are quickly resolved, making the process stress-free for her. “With RoomPriceGenie, there is always someone ready to help you, give you a solution, and respond quickly,” mentions Isabel.
The Result
Since implementing RoomPriceGenie, Isabel has seen impressive results. Price optimization has improved profits by an estimated 10-20%, and the time she saves is invaluable. Instead of checking prices daily, Isabel now only reviews them once a week, knowing they are consistently accurate. Strategy review calls with RoomPriceGenie allow her to fine-tune her approach further, ensuring ongoing success.
Not only has RoomPriceGenie improved her revenue, but it has also led to increased bookings during low-demand periods due to the system's ability to adjust prices accordingly. By optimizing pricing according to seasonality and demand, Canvas Apartments and Lofts thrive in a competitive market.
See other Case Studies...
Oasis Hotel
USA
"Starting with RoomPriceGenie was one of the best decisions I have made since opening our hotel."
“RoomPriceGenie has been an invaluable system that has drastically simplified the pricing process, provided greater control and understanding of the market, and helped to attract a more appropriate clientele to the hotel, improving the overall quality of the guest experience.”
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