RoomPriceGenie

RoomPriceGenie is an automated revenue management system designed to assist hotels, hotel groups, bed and breakfasts, and apartment owners in optimizing their room pricing and increasing revenue. According to the vendor, this comprehensive solution offers a range of features including a rate calendar, reporting and analytics dashboard, autopilot feature, automated updates in Property Management Systems or Channel Managers, and full transparency and customization. RoomPriceGenie is said to be suitable for properties of all sizes, from small independent hotels to large hotel chains, as well as bed and breakfasts and apartment owners. It caters to a variety of professions and industries including hoteliers, revenue managers, property managers, bed and breakfast owners, and apartment owners.

Key Features

Rate Calendar: According to the vendor, the RoomPriceGenie automated pricing solution includes a sophisticated rate calendar in the solution’s dashboard. It allows users to set minimum and maximum prices, define room types, and fine-tune seasonality and day-of-week cycles. Users can easily make updates to room rates and availability for specific dates, based on market demand, seasonality, local events, competitor pricing, and holidays.

Reporting & Analytics Dashboard: The RoomPriceGenie automated pricing solution is said to have a built-in reporting and analytics dashboard. The dashboard provides real-time data and insights into a property's performance, including occupancy, ADR, RevPAR, forecast accuracy, and market segmentation. Users can compare their pricing to competitors to identify opportunities for boosting bookings and revenue. The dashboard is reported to offer actionable tips to optimize pricing and inventory decisions based on real-time market conditions.

Autopilot Feature: The RoomPriceGenie automated pricing solution includes an autopilot feature that can be activated, according to the vendor. Autopilot allows users to relax, knowing that their prices are set as desired. Autopilot is claimed to offer 18 months of future pricing, quick reaction to market or booking changes, and price updates 12 times per day. The autopilot feature is said to eliminate human error in pricing and inventory management, save time, and potentially increase occupancy and overall profitability.

Automated Updates in Property Management Systems or Channel Managers: RoomPriceGenie integrates with a wide range of Property Management Systems (Property Management Systems) and Channel Managers, according to the vendor. The integration allows for automated updates of room rates and availability directly in the Property Management Systems or Channel Managers. Users can manage their pricing and distribution across multiple channels seamlessly, ensuring accuracy and efficiency. The automated updates in the Property Management Systems or Channel Managers are claimed to help users maximize revenue and minimize the risk of overbooking.