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REVENUE MANAGEMENT
Their pricing tool was free to use. The Lauderdale chose Pricepoint anyway.
The Lauderdale is a 17-room hotel with no front desk and a part-time manager, and 60% of its bookings come in within a week of the stay from a hospital, a convention center and a cruise port nearby. Pricepoint watches the whole hotel: rooms left each night, how fast bookings arrive, what competitors charge and what’s on the events calendar. It reprices all day and pushes rates through Guesty to Airbnb, Booking.com and Expedia. The owner sets the rules and can override any rate from his phone, and he can go weeks without talking to his manager.
Run without the owner: Pricing, guest messaging, check-in and cleaning should run on their own, with no front desk and only a part-time manager.
Price late demand right: Most guests book within a week of arrival, so every night’s rate has to be right, and set fast.
Grow the asset’s value: Every tool has to earn back its cost in profit.
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