Tuesday, August 27, 2024 WebRezPro, a cloud-based system for managing independent accommodations, is excited to announce a new collaboration with RoomPriceGenie, a celebrated revenue management software. This partnership delivers a combined solution that equips hoteliers with enhanced insights and automatic rate adjustments, boosting efficiency, reservations, and profitability. In the bustling hospitality industry, adopting dynamic pricing strategies is essential for staying competitive.
However, manually configuring rates can be time-consuming and requires a robust understanding of market dynamics, competitor actions, and specific demand for the property. RoomPriceGenie addresses these challenges by automatically gathering and analyzing data from the market and the property itself several times daily. It then uses this data to set the most effective room prices, even up to 18 months ahead.
Targeted at independent hotels, bed and breakfasts, inns, and vacation rentals, RoomPriceGenie’s technology helps these entities hold their ground against larger hotel chains, typically boosting revenues by 22% and cutting down 10 hours of manual labor per week. This partnership allows for direct integration with WebRezPro, ensuring that the two platforms communicate effectively. This integration not only improves the precision of forecasts but also facilitates the automatic updating of room rates within the property management system and across all linked distribution networks.
“We’re excited to partner with WebRezPro to bring powerful, automated pricing solutions to even more independent hotels. This partnership combines the strengths of both platforms, giving properties a seamless experience where dynamic pricing integrates directly with their property management system. Together, we’re enabling hoteliers to unlock more revenue potential with minimal effort, making advanced revenue management truly accessible to everyone,” said Ari Andricopoulos, CEO of RoomPriceGenie.
WebRezPro and RoomPriceGenie collaborate through a bi-directional connection that allows WebRezPro to supply RoomPriceGenie with daily updates on rates and room availability. Utilizing this data, along with insights into local market conditions and competitor rates, RoomPriceGenie computes the most advantageous pricing. These updated prices are then automatically transmitted back to WebRezPro, guaranteeing that the property’s rates are consistently current and competitive.
The benefits and key attributes of this partnership include: “RoomPriceGenie takes the legwork out of determining the best room pricing, saving hoteliers valuable time and ensuring they maximize revenue potential,” commented Frank Verhagen, President and Founder of WebRezPro. “With the combined power of WebRezPro and RoomPriceGenie, our clients can save even more time and gain a significant competitive edge.” Clients of WebRezPro who wish to explore intelligent, automated pricing solutions are encouraged to reach out to their designated account executive at WebRezPro for further details on this integration.
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