Beonprice is now offering a cost-effective Revenue management System in which artificial intelligence recommends the rates. Hotel Quality Index (HQI) has completed an 11% gain in RevPAR in the digital change at hotel strategies, which also includes Travel health insurance.
Globally, many of the operators are working based on spreadsheets, and only 15% of the accommodation providers make use of revenue management technology.
For many of the independent small and medium hotel groups, revenue management is rarely being seen while large hotel groups have the opposite situation.
Around ten hotels in Barcelona, Ibiza, and Mallorca, OD hotels have the misconception that revenue management systems are only available for big brand hotels. The group’s Director of eCommerce and IT, while installing Beonprice’s system, said that this is the big opportunity to bring any digital change in any organization.
. “Our destinations are driven by dynamic pricing, which needs the right level of tech support and revenue management knowledge to improve decision-making,” explains Reichenbach. Many of the hotels found that Beonprice’s system has helped in customer services, and additional revenue training resources help to support the business.
Beonprice helps to switch the daily prices and contracts and educate your team well through training programs and webinars to focus on revenue management strategy. The business intelligence from Beonprice helps in recommendations and price shopping. It also helps to position the property in the individual markets.
This technology has also helped in saving the hotel team time. It has become the plus point for revenue management professionals. It has reduced the demand for data processing and allowing to male any strategies. The owner of Sweet Suites, Carlos Bonixo, says that “Without this technology, it would be impossible to manage as there are not enough hours in the day.
Since we’ve had the full PMS interface, we have already seen an increase in RevPAR.” They also support travel insurance, which is the big plus point for every traveller.