SmartPricing -

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The Hotel Prices That Will Guarantee You Massive Earnings Having hotel prices that are both profitable for you and certain to attract customers is not easy, especially in today’s tough hotel market, but the right tech is guaranteed to help. If you’re just breaking into the hospitality business with a new hotel, hostel or any other lodging establishment, you know this struggle all too well. You are certain it’s a lucrative industry, but there are already dozens of places to stay in the area and one of the biggest factors that determines where people choose is the price. And so when you are trying to decide how much you want to charge, you’re walking a fine line. You need to make money, but you also need people to be incentivized to pick you. How do you determine the right rates to serve both of these purposes? The BEST solution is our smart software! If you choose to work with us, you’ll be paired up with one of our consultants who will help to integrate the software with your management system. Once that’s done, the algorithm gets to work, and here’s how it helps: On a day-to-day basis, the software will analyze the demand and competitive pricing in your location and compare your facility’s performance to such data. Through this, it will give you a determination of what kind of prices are generating turnover for other similar facilities and how your prices can be adapted to realistically compete. The benefits of letting Smart Pricing do the bulk of the work for you are countless. ● It’s quick. ● It allows you to focus on other aspects of the business. ● It can increase your revenue by up to 110% ● You’ll stay up to date in an ever-changing market. ● We’ll always be there to address fears or concerns. Securing a method which will guarantee the most appropriate and reliable prices to maximise the revenue potential of your hotel is one of the first steps you need to take. When you’re starting out, you’ve got a lot of competitors who will already have their own ways to make this happen for themselves, and a lot of others who don’t. And the unfortunate reality for the latter hotels, is that they probably won’t last. So many hotels have failed, and one of the primary reasons why is because they lacked something like this. They lacked the right data analysis and they lacked the necessary measures they could have taken to ensure their prices worked in their favour. You don’t want to join that list, right? So many hotels, B&Bs, hostels and all kinds of other similar facilities are starting up alongside you right now, and a lot of them are going to fail. With our help, you can make sure that you don’t fail with them. Our software will put you several steps ahead, and give you a massive advantage. If you want to book a consultation with us and find out even more about how we can help you, head down below. Case Studies San Lorenzo in Banale Hotel Nembia Our Challenge This is a property which primarily works with tourists, and they also operate on a seasonal basis. Due to pricing trends changing year round, it can be difficult to maintain beneficial rates after returning from an off-season. And so in August 2020, Hotel Nembia sought out Smartpricing to help with the management of their rates. Results Turnover increase of 103% 2020 Average RevPar: +€15 (11% increase from 2019) Garda Ancient Walls Our Challenge This establishment started to suffer greatly during the early months of 2020 when COVID-19 first hit. With the usually profitable summer on the horizon, things weren’t looking good for projected turnover. Ancient Walls started working with Smartpricing in the spring of 2020 in order to win the battle against the consequences of COVID. Results Turnover increase of 10.8% Increase in Number of Rooms Sold: +82 Malcesine Hotel Meridiana Our Challenge By the time the summer of 2020 came around, the reservations just weren’t coming in for Hotel Meridiana. Whether it was as a result of COVID or whatever other external factors were contributing, business just wasn’t looking good for the summer. In July 2020, Smartpricing stepped in to work on studying and automating the rates on a number of different sales channels. Results Turnover increase of 21% 2020 Average RevPar: (12% increase from 2019) Lazise Corte San Carlo Our Challenge Corte San Carlo suffered a lot in the early days of the pandemic, with bookings for their luxury apartments struggling to meet expectations. With the variety of services offered by this establishment, decreased turnover would have made everything difficult to maintain. So it was in the Spring of 2020 that Core San Carlo started relying on Smartpricing to automate their rates. Results Turnover increase of 102% 2020 Average RevPar: €40 (43% increase from 2019) Riva Del Garda Residence Cristine Our Challenge This hotel, which is within walking distance of Lake Garda and Porto St. Nicholas, was another one of the many which suffered in the wake of COVID-19. With its spacious and comfortable apartments, offering scenic views of the lake, this was an unfortunate spot for tourists to miss. Residence Cristine began utilizing Smartpricing’s service as the summer of 2020 approached so they could increase their turnover and profit margins. Results Turnover increase of 43.4% Increase in the Number of Rooms Sold: +297 2020 ADR: +€6 increase from 2019 Riva del Garde & Brenzone sul Garda 1Dest.com Our Challenge 1Dest was Smartpricing's very first customer and initially started using the earliest version of our system in 2018. 1Dest offers apartments designed to feel like home. Professionally cleaned, but with a self-service check-in and a fully equipped kitchen. Managing over 100 units in total, a service such as ours which could automate the rates was essential. Results Turnover Increase of 50% “Smatpricing’s Revenue Management Software has allowed us to update thousands of rates every day, in a fully automated way,” - Federica Zanolli Nago-Torbole Lake Sensation Our Challenge Lake Sensation offers apartments with a sensational view of the lake and with quick access to the nearby Al Cor Beach. In Nago-Torbole which is a very popular spot for tourists and always has been, the importance of adapting rates to secure success in such a competitive market cannot be understated. Using Smartpricing’s help since 2019, the establishment has marked a significantly higher turnover increase than others in the same area with a similar service. “The Smartpricing software is very reliable, and knowing that we can count on a professional Revenue Manager gives us even more security.” - Claudio Decker