How Four US Hotels Boosted Revenues by an Average of 56% During a 30-Day Trial of Pricepoint

REVENUE MANAGEMENT

How Four US Hotels Boosted Revenues by an Average of 56% During a 30-Day Trial of Pricepoint

We can say in confidence from our observations that all properties using Pricepoint's dynamic pricing platform saw a significant positive change in extra revenue generated all while running the software completely on autopilot.

Why it matters: After implementing Pricepoint, these hotels saw a near immediate increase in performance from one week to the next.

Pricepoint uses real-time dynamic pricing which updates prices automatically as many times as necessary to get the best results.

Top 3 Core Objectives: To demonstrate how using Pricepoint, even on autopilot, will generate significant revenue and occupancy gains for hotels.

Demonstrate increased revenue.: With Pricepoint in place, clearly show how revenues increase.
Demonstrate occupancy increase.: With Pricepoint in place, clearly show how occupancies increase.
Demonstrate increased value.: With Pricepoint in place, clearly show how the average booking increases in value.

Innovators Mentioned

Pricepoint

Michael K

Owner

Pricepoint

"For sure our revenue wouldn't be what it was if it wasn't for Pricepoint. That's the super easy thing to say."

Michael K

Owner

👍 Owner Michael K said that Revenue Increase:

"For sure our revenue wouldn't be what it was if it wasn't for Pricepoint. That's the super easy thing to say."

⚖️ The selection process: During their research process, Michael K evaluated Pricepoint's product differentiators, customer support, and holistic value as a strategic partner and ultimately decided that Pricepoint was the best fit solution:

Owner Michael K said, about their decision: "With Pricepoint (...), we projected $17K in hotel sales and we brought in $27K. So, I think it was pretty dramatic."

📈 The results: Pricepoint's dynamic pricing is proven to increase revenues and occupancy.

Hotels generated an additional 928$ daily.
With Pricepoint in place, occupancy increased by 10.4 %
New booking pickup in dollar value increased by 56% and the average value of a new booking increased by 10%.