Beonprice’s RMS sets the right price for every single hotel room 24/7
- Spain
- 6 min read
- Jul 03, 2018
- By David Fernández Day
©Beonprice
Ranked as 5th best RMS platform globally, Beonprice uses AI to stay ahead of competitors
“I don’t go into rooms. I price them,” was the astonishing revelation made by a revenue manager of a well-known luxury hotel.
Indeed, revenue managers only have to price rooms based on demand-supply data, customer demographics and competitor behavior. They don’t need to see the rooms. They are purely data-driven. But hoteliers can no longer rely on massive spreadsheets to make real-time pricing decisions. With online travel agents (OTA) dominating room sales worldwide, hoteliers are having a hard time trying to catch up with actual demand and prices set...
Indeed, revenue managers only have to price rooms based on demand-supply data, customer demographics and competitor behavior. They don’t need to see the rooms. They are purely data-driven. But hoteliers can no longer rely on massive spreadsheets to make real-time pricing decisions. With online travel agents (OTA) dominating room sales worldwide, hoteliers are having a hard time trying to catch up with actual demand and prices set...
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