Hotel am Augustinerplatz saves time and increases revenue after implementing RoomPriceGenie

REVENUE MANAGEMENT

Located in the heart of Cologne on the best shopping mile in this city of millions, Hotel am Augustinerplatz is one of the only family-run hotels in the area. But the hotel can compete with the big brands thanks to stylishly furnished rooms equipped with the latest technical comforts and one of the city’s trendiest bars, Leon's Liquid Lounge, which provides a special ambience for an evening aperitif.

Why it matters: Besides their quality of rooms and amenities, Hotel am Augustinerplatz is staying ahead of the competition due to the implementation of a modern hotel tech stack that allows them to automatically price their rooms and stay competitive.

RoomPriceGenie helps the team at Hotel am Augustinerplatz with an automated revenue management solution that saves them time and boosts their revenue.

Top 3 Core Objectives: When Jennifer and the team at Hotel am Augustinerplatz were looking at a revenue management solution, they were looking to solve for these items:

Save time: It took Jennifer and the team about two hours a day to research the events and change our prices, and an automated solution had to save them time.
Less errors: The team at the hotel did all revenue management work manually, which was prone to errors.
Strong support: Not only good software was important, the team also had to be supported by the vendor with personal advice

Innovators Mentioned

Hotel am Augustinerplatz

RoomPriceGenie

Dennis A. Dimatera

Reservations Manager

Hotel am Augustinerplatz

"“Rather than spend hours each day with pricing research, we now simply check the rate and dedicate the time we save with RoompriceGenie to our guests.”"

Dennis A. Dimatera

Reservations Manager

👍 Reservations Manager Dennis A. Dimatera said that Dennis and the team at the hotel are seeing real results using RoomPriceGenie:

"“Rather than spend hours each day with pricing research, we now simply check the rate and dedicate the time we save with RoompriceGenie to our guests.”"

⚖️ The selection process: During their research process, Dennis A. Dimatera evaluated RoomPriceGenie's product differentiators, customer support, and holistic value as a strategic partner and ultimately decided that RoomPriceGenie was the best fit solution:

Reservations Manager Dennis A. Dimatera said, about their decision: "“RoomPriceGenie is very easy to use and the support you get is great. Every now and then we are surprised by the rate RoomPriceGenie suggests but it’s inevitably the best rate and we celebrate the positive sales that result. Rather than spend hours each day with pricing research, we now simply check the rate and dedicate the time we save with RoompriceGenie to our guests.”"

📈 The results: After implementing RoomPriceGenie, the team at Hotel am Augustinerplatz managed to get the following results:

With RoomPriceGenie, staff at Hotel am Augustinerplatz saves approximately 10 hours a week in pricing research that can be redirected to serving guests.
RoomPriceGenie is very easy to use and the support you get is excellent.
In addition to the automation, the hotel has increased its room revenue by 10%.