There is no doubt the serviced apartment and vacation rental sector of the hospitality industry is taking the world by storm. With the rise of Airbnb and various other holiday rental companies, there is now, more than ever, a growing number of individuals running businesses based on a small number of rooms or apartments.
With this growth comes an increasing demand for hospitality technology to match the needs of the changing landscape. Property managers with as few as one or two serviced apartments have no need for big software that requires big data; instead, there is a call for the technology industry to rise and meet the needs of smaller, more compact solutions that get the job done simply, quickly and cheaply.
Enter RoomPriceGenie and Beds24.
Beds24 is a powerful cloud-based Property Management System (PMS), built specifically with serviced apartments and small property managers in mind. RoomPriceGenie is a revenue management system that can increase your hotel’s revenue by 22% according to our recent case study.
The extremely flexible Beds24 PMS brings powerful automation to those who need it most. It is often the case that smaller properties don’t have the manpower to even remotely compete with their larger counterparts. A PMS that offers quick and easy automation of day-to-day to tasks as well as the ability to manage multiple properties at once (if needed), means property managers working as a one-man army can use software that alleviates their to-do list as opposed to elongate it.
Beds24 offers its clients smart automation, a channel manager and booking engine tools all in one neat package. No need to spend hours upon hours distributing your inventory, managing bookings and sending out emails. With such unique catering to small properties, Beds24 is there to make running your business that much easier. The power behind this system means that if you are able to provide a DIY, hands-on approach to using it, this PMS can be tailored entirely to your needs and the unique requirements of your properties.
Whilst a suitable PMS will allow you to maximise your time when it comes to the routine tasks of running a property, if you really want to be competing at the highest level and matching the demand of larger hotels and chains, no system is complete without reliable revenue management software.
RoomPriceGenie has partnered with Beds24 to offer its clients the best possible chance at success in an ever-growing market. The RoomPriceGenie software provides a smart and simple solution to your everyday pricing woes. Quick and easy to run, we are able to update your room prices, based on a variety of external factors up to 7 times a day.
Larger hotels may have in-house revenue managers who are dedicated to evaluating demand and pricing accordingly. Highly trained with years of experience these individuals require big money and big data to run their revenue management departments. These tools and resources simply aren’t available to the smaller property manager. Nor are they strictly required. However, using dynamic pricing strategies to ensure you’re maximising both demand and revenue are invaluable to any business, regardless of size.
Fortunately, the results of all the hard work put in by revenue managers in your area are abundantly available. Here at RoomPriceGenie, we use the pricing of your competitors to dictate the market changes and fluctuations in demand and, in turn, to inform the changes in your own pricing. It means you are able to experience the benefits of revenue management and dynamic pricing without the price tag or the manpower.
Our system is simple and easy to use; we don’t require large amounts of internal data, no trained specialists to use the system, nor do you need a great deal of time or manpower to run it.
The partnership of Beds24 and RoomPriceGenie brings the power back to the people. With the marriage of two systems specifically designed for serviced apartments and holiday rentals, we are offering the best opportunity for property managers around the world to compete at the top of their game. There really is no need for revenue management or hospitality technology to be reserved for the elite – invest in your future by investing in solutions that meet your unique needs.
When asked how the partnership can benefit vacation rentals, Annette Morgenroth of Beds24 said “RoomPriceGenie is a great tool for those of our customers who want to benefit from dynamic prices but do not have the manpower to analyze and optimize in-house. 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”.
If you would like to find out more about how Beds24 can help you and your properties, sign up for a free trial here.
If you’re interested in how RoomPriceGenie could fit into the running of your hotel, contact us today to get set up with a demo call and start your free 14-day trial.
