In a recent webinar hosted by Previo, our Genies pulled back the curtain on what makes our revenue management system not just effective, but incredibly user-friendly for small hotels and independent properties. Watch the recording below or read a recap of the most valuable insights shared during the session.
Revenue Management Without the Headache
The goal of RoomPriceGenie is simple: help you increase revenue while saving time. As Laura, Sales & Revenue Manager from RoomPriceGenie, explained, the system automates your pricing based on three core inputs:
- Your goals: You set the minimum and maximum price, as well as your target occupancy.
- Your data: The system constantly checks your occupancy and booking pace.
- Market dynamics analyzes how your competitors adjust prices, not based on their exact rates, but on how much they increase or decrease.
From there, RoomPriceGenie calculates the optimal price and updates it multiple times a day via Previo.
You’re Always in Control
Unlike “black box” systems that give you zero insight into their logic, RoomPriceGenie prioritizes transparency and flexibility. You can:
- See exactly how each price is calculated (base price + market factor + occupancy factor)
- Adjust prices manually at any time
- View upcoming events (like concerts or holidays) that may affect demand
- Add manual events (e.g., weddings) to ensure the system reflects real-life situations
If demand suddenly spikes due to a last-minute event, the surge protection feature notifies you and applies a temporary protection price until you can investigate.
Quick and Painless Setup
One of the key takeaways? Getting started is faster than most hoteliers expect. Within 2–3 days, your RoomPriceGenie account can be integrated with Previo, and a setup call ensures everything is tailored to your needs.
What’s included:
- Custom pricing strategy based on your goals and seasonality
- Competitor analysis (using dynamic performance, not just average prices)
- Full training and a follow-up fine-tuning session
Once you’re live, you can activate “autopilot” and stop worrying about daily rate adjustments.
Expert Tips from the Webinar
Christopher, Revenue Manager at RoomPriceGenie, left attendees with two powerful reminders:
- Watch your competitors, but watch them smartly. Don’t just copy their prices. Analyze what they’re doing well and where they fall short, then use that to your advantage.
- Track high-demand dates early. Many properties sell out too far in advance at too low rates. With automation, you’ll catch these opportunities in time.
Final Thought: Revenue Management Isn’t Just for Big Hotels
Whether you operate a 10-room guesthouse or a 50-room boutique hotel, dynamic pricing is necessary. With revenue management solutions like RoomPriceGenie integrated with your PMS (such as Previo), it doesn’t have to be complicated.
About Previo
Previo is an all-in-one cloud hotel management system designed to streamline and enhance hotel operations in the CEE region. It offers a comprehensive suite of tools including a Property Management System (PMS), Integrated Booking Engine (IBE), Channel Manager (CHM), guest app, and housekeeping app. Additionally, it provides functionalities such as automated payments and customizable webpages. Previo helps hotels improve efficiency, optimize bookings, and enhance guest experiences, making it a valuable asset for modern hospitality businesses looking to centralize and simplify their management processes.
To learn how RoomPriceGenie can help your property increase your property’s profitability, start your free trial of our automated pricing solution today!
