BEONPRICE

BEONPRICE is a revenue management and pricing optimization solution designed specifically for hotels. It caters to hotels of all sizes, from independent properties to large hotel chains. This software is utilized by revenue managers, hotel general managers, hotel owners, hospitality industry professionals, and hotel revenue management consultants to analyze data, predict demand, optimize pricing strategies, and maximize revenue and profitability.

Key Features

Revenue Management: According to the vendor, BEONPRICE enables hotels to collect and analyze data to understand market trends, customer behavior, and demand. With unique algorithms, it identifies customer behavior patterns and predicts demand trends, allowing hotels to calculate optimum prices for different market segments and develop fair pricing strategies.

Machine Learning & Revenue Management: The vendor claims that BEONPRICE leverages machine learning to analyze big data, understand market segments, and predict consumer demand. It utilizes descriptive, predictive, and prescriptive analytics to make data-driven decisions, aiming to streamline and enhance revenue management processes.

Automation & Revenue Management: The vendor states that BEONPRICE automates repetitive tasks using AI and machine learning technology, saving time and resources for hotels. The system scans data, identifies patterns, and provides recommendations and alerts for effective decision-making. It also aims to help hotels design more profitable long-term revenue strategies.

Sustainable Profitability: BEONPRICE aims to help hotels transform sustainability into a profit center by optimizing resource utilization and maximizing efficiency. The vendor claims that it aligns sustainability and profitability to create a lasting impact on guest experience. Hotels can benchmark sustainability metrics with industry peers using the Hotel Sustainability Index.

RevPAR for Hotels: According to the vendor, BEONPRICE allows hotels to calculate Revenue Per Available Room (RevPAR) to measure performance. It enables hoteliers to determine the impact of room rates on occupancy levels, track and analyze RevPAR to adjust pricing strategies, and compare the performance of different competitors using RevPAR.

Hotel Revenue Management Systems: BEONPRICE aims to empower hotels to sell the right room to the right client for the best price. It anticipates and influences consumer behavior to optimize revenue, using performance data and analytics to make strategic decisions and maximize profit.

Integrates all data: According to the vendor, BEONPRICE integrates all hotel data in one place, aiming to make it easy to uncover profit potential across revenue streams. It aggregates all the data points that matter, helping hotels make smarter and faster decisions across their entire operations. Hotels can analyze and compare different revenue streams and identify areas for improvement.

Powerful integrations: The vendor claims that BEONPRICE allows hotels to manage their entire technology stack from a powerful, intuitive dashboard. The platform offers integrations with leading property management systems, channel managers, booking tools, business intelligence systems, and more. This control and visualization of the entire hotel operation aim to streamline operations and improve efficiency.

Revenue Audit: According to the vendor, the Revenue Audit feature in BEONPRICE provides a holistic view of a hotel's current revenue potential beyond departmental silos. It aims to help identify actionable optimizations to maximize revenue and profitability. By analyzing revenue streams comprehensively, hotels can uncover hidden opportunities and make data-driven decisions.

ROI Calculator: The vendor claims that with the ROI Calculator in BEONPRICE, hotels can quickly assess the profitability of a given solution. It aims to help evaluate the potential return on investment before making any decisions. By inputting relevant data, hotels can gain a clear understanding of the financial impact of their choices.