AI-powered price management
Fully automated RMS for hotels. 19% revenue increase on average.
What do we do?
It’s not magic. It’s science.
Our team has 10 years’ experience in hospitality and revenue management. We have one goal: Increase your revenue. That’s why we created Pricepoint. It works around the clock in real-time to forecast your demand and find your optimal rates, using advanced data science and machine-learning techniques.
Real-time Dynamic Pricing
Seasonal pricing is so last season. Precise AI-based price recommendations help increase your revenues, by always selling your rooms at the optimal price.
Empower your PMS or channel manager with advanced pricing intelligence. Push within seconds optimal rates to OTAs.
Demand & Occupancy Forecasting
Knowing last year’s numbers just isn’t enough. Cutting-edge machine learning techniques will combine millions of data points to forecast your booking curve.
Competitor Rate Scanner
Check on competitors from the comfort of your own phone. Understand your competitive position in the marketplace.
You don’t have
to be an expert.
Beautiful and easy to read interface for everyone
You run the property. You manage bookings and oversee your staff. But you can’t be an expert in everything, right? Let Pricepoint analyze data for you. It does all the heavy-lifting, behind the scenes. There’s nothing to interpret or analyze. Just straightforward recommendations.
Increased revenues by up to 25%
It’s not a cost. It’s an investment.
Pricepoint already handles prices for properties in Europe, South and North America. We work with small, 50-guest properties and large, 300-guest ones. By running our pricing engine 24/7 we managed to increase revenues from 10 to 25% within several weeks.
It’s a Plug & Play.
There is nothing to learn or manage.
We will connect to your PMS and gather all the data. Next, our algorithms will generate the optimal prices, which will be automatically uploaded to your PMS. You do not have to do anything. Sit back and observe your pickup.
We know what works.
Our team has professional and academic experience in hospitality and revenue management and data science. We know that dynamic pricing can grow your top line. That’s why we created Pricepoint. It’s an easy and affordable way to apply this proven price strategy, helping your property achieve its full potential.
The best rates. Night after night
REVENUE MANAGEMENT BASICS
Running a hospitality service industry is no easy feat, and the mundane tasks such as setting up pricing can start to seem like a lot of work at some point. Knowing last year’s numbers and the current season isn’t enough information to use in setting up your room pricing system. The solution to this is the use of automated revenue management systems for hotels.
Because hotels must cope with fixed expenses, perishable inventory, and variable demand levels, revenue management is essential in the hospitality business. Typically, revenue management entails predicting demand, making smart price decisions, and maximizing income utilizing analytics and accessible data.
WHAT IS AN AUTOMATED REVENUE MANAGEMENT SYSTEM?
At hoteliers, revenue management, in summary, is selling the right room, to the right client, at the right time, for the right price, through the right distribution channel, with the optimum cost efficiency.
A Revenue Management System, or RMS for short, is essentially a software solution that helps you do critical revenue management activities more efficiently and effectively. It will utilize data from your hotel and the market to assist you in making better decisions.
To compute optimum room rates, a decent Revenue Management System would often employ data and its own algorithms to conduct a real-time study of the market and demand. As a result, most critical hotel revenue management choices may be made from a single, central display.
BENEFITS OF AN AUTOMATED REVENUE MANAGEMENT SYSTEM
A sophisticated revenue management system automates your pricing modifications. Allowing software to optimize and handle pricing modifications in real-time ensures that you always sell at the best price and maximizes your hotel income.
You won’t have to manually enter figures into excel spreadsheets or report systems if you automate your revenue management strategies. This frees up time for hoteliers to think more strategically and tactically about their hotel’s market positioning.
A Revenue Management System reduces man-hours since it nearly never requires human input. Apart from placing your hotel on the market, simplifying manual workflow can save you several hours each month, giving you more time to engage with your employees on the floor and enhance guest-facing contact.
Most RMS software offers an integrated competitor rates capability that allows you to quickly compare room prices for nearby hotels or hotels of comparable size. This feature is helpful since it will enable you to take a more strategic approach to your own pricing after better understanding your rivals’ prices.
Also, a Revenue Management System will give you projections for both the revenue and profit you are expected to earn through your current price plan, as well as predictions for alternative pricing methods.
WHY DYNAMIC PRICING?
Price point offers the best automated revenue management system that is guaranteed to increase room occupancy and revenue. Whether your establishment is a hotel, a bed, and breakfast, guest house, or rental, the revenue management system is sure to generate excellent results for the establishment.