Why it matters:
Accurately pricing corporate housing in a dynamic market is essential for maximizing revenue and meeting occupancy goals. Especially between long-term stays, there are two-week gaps in occupancy that can cause lost revenue potential. Automating pricing can enhance efficiency, filling vacancies without losing revenue opportunities.
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Neuchatel Polanco provides temporary accommodations for corporate clients averaging 30-60 nights. Before RoomPriceGenie, they relied on flat pricing, often leading to missed opportunities, especially during high-demand events. Although a remote revenue management team managed pricing from Argentina, the disconnect from the local market meant that key pricing adjustments were frequently missed. For example, during the F1 event in Mexico City, they sold at regular rates instead of the premium prices the market could bear. To address these gaps and better match local demand, they transitioned to RoomPriceGenie, a solution designed to meet the unique challenges of their business model.