Revenue management software unlike any other
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Obstacles are inherent to any business.
But which are those impacting price management and therefore your revenue?
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The software does the heavy lifting, you set the rules and enjoy the benefits.
The software automatically collects information internal and external to your accommodation, constantly cross-referencing past and future booking data, market trends in your location, and the impact of events and holidays.
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Smartpricing's algorithm processes the collected data, calculates starting prices, and applies the most effective dynamic pricing strategy based on your facility and market trends. As it does so, it always takes into account the rules or price limits you have set.
Integration with your management software and channel manager allows Smartpricing to publish price updates automatically and in real time. This saves you valuable time and gives you the confidence of avoiding mistakes.
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Find out what how they feel about it
Smartpricing is revenue management software that finds the right price at the right time for your rooms or apartments.
Smartpricing's algorithm can collect a huge amount of data (your past and future bookings, the impact of holidays and events, past and future price trends) and use it to identify trends in your market. Based on this information, the algorithm applies the most effective dynamic strategy to your starting prices, increasing or decreasing them continually and up to 500 days ahead.
Finding the best price is not always an exact science: there are different outlooks in the world of dynamic pricing, and Smartpricing provides a neutral one. It is neutral because it is based on the constant analysis of objective data, internal and external to your facility. And it is through this analysis that Smartpricing empowers you to more quickly find the price that works for you, at any given time, and based on the characteristics of your accommodation and the market in which you operate.In addition, Smartpricing's algorithm can register any changes and react quickly, adjusting prices accordingly.
Smartpricing connects to your management and channel manager software and collects your historical and future booking data, if available. It then adds on market trends in your location and the impact of holidays and events. This allows it to identify the trends that are most relevant to your accommodation while continually monitoring and updating them.
The software scans information and online search results, identifying events relevant to bookings in your destination.In the very rare case that an important event is not detected, you can enter it through the dedicated feature. Additionally, you can disable the impact that events already entered by the software have on your strategy.
Absolutely, Smartpricing easily connects with major PMS and channel manager, making it much easier to use.
Of course! Your intervention is important to get the maximum results from Smartpricing. That's why the software gives you all the tools you need to be in full control at all times in a simple and intuitive way.You can adjust your starting prices to best reflect the value of your accommodation, and you can set a minimum and maximum price, for specific dates and/or by room type, which the software will not be able to override. Finally, you can dial the dynamism of the algorithm's strategy: from the most aggressive level with marked price fluctuations to the most conservative with slight variations. With its high level of customization, Smartpricing gives you the ability to pursue each of your specific growth objectives with greater efficacy and ease.
Of course, the software allows you to enter your own rules and exceptions.
We recommend, however, that you adopt dynamic pricing with your legacy customers as well.
