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 Cover PMS. He discussed with them why revenue management is important, how using RoomPriceGenie’s software can help save time and money and why we shouldn’t fear the future of hospitality technology.
Watch the full video to get the total experience, but for the time-pressed, we have provided time stamps for the most important points touched upon:
Price 1
Hotel of the future (02:00)
- Recognition Technology – your face as a personal key card (02:10)
- Guest experience automation – how technology can automate the way you interact with you guests (07:20)
- Chatbots and AI – enhancing guest interaction with technology (09:15)
- Technology as your friend – how technology can make your life easier (18:40)
- Big data and RoomPriceGenie (20:32)
- Know your why – what hotel you want to be and what you want to offer (23:00)
Growth and changes in the market (24:00)
- Booking.com as your best friend – using OTAs to your advantage (25:23)
- Bookings on mobile devices – the importance of having a mobile friendly website (28:45)
- Using airbnb as a channel – making the most of your competition (30:22)
- How has business in Iceland changed over the last decade? (31:12)
Revenue management (36:55)
- Occupancy rate vs RevPAR – why you should maximise profit over occupancy (38:00)
- Introduction to revenue management? (39:37)
- How often do you change your room rates? (43:25)
- How do you price your rooms? (46:35)
- RoomPriceGenie as your revenue management solution (48:20)
- How RoomPriceGenie works (51:19)
Revenue management in Iceland (54:35)
- How was you performance this year compared to last? (55:22)
- Pricing with and without a revenue manager – how you can balance your revenue (57:16)
- Pricing using RoomPriceGenie (59:24)
- RoomPriceGenie client survey (1:01:00)
- Quick tips on pricing in Iceland (1:03:27)
Take a look at the video for full details on everything Marvin spoke about in his Iceland presentation and don’t forget to get in touch if you have any questions or would like to find out more about how RoomPriceGenie can help you.
