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REVENUE MANAGEMENT
How two Cork properties priced for very different guests with Pricepoint, lifting hostel ADR 40%
Pricepoint is a revenue management system for independent hotels, hostels and guesthouses. It connects to the PMS (here, Cloudbeds) and automatically sets and updates rates for every room type based on demand, pace and market data, backed by regular performance reviews with a dedicated revenue manager.
Replace manual, static pricing: Pricing was manual and time-consuming, so rates were set once and rarely revisited. Liam needed rates that update automatically with demand.
Price complex hostel inventory: Sheila's 180 beds span dorms of 4 to 14 beds plus private rooms, which made manual pricing hardest and left the hostel's ADR well below its potential.
Grow luxury guesthouse revenue: At the 28-room Gabriel House, the goal was to raise rates and revenue for a different, higher-end guest without losing occupancy.
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