Kloster Fischingen achieves higher occupancy and 40 CHF ADR increase with automated pricing

REVENUE MANAGEMENT

Kloster Fischingen, a 12th-century monastery-turned-hotel, offers a unique blend of history and modern comfort in a serene setting. With 40 rooms and 11 seminar spaces, it faced challenges with manual pricing and missed out on revenue opportunities. By implementing RoomPriceGenie the hotel dramatically improved its occupancy and revenue, freeing up time and optimizing rates based on real-time demand.

Why it matters: Manually setting prices was time-consuming and prone to errors, affecting Kloster Fischingen’s ability to react on time to market changes and optimize revenue.

RoomPriceGenie allowed Kloster Fischingen to automate its pricing based on real-time demand and market factors. By moving away from manual pricing, the hotel gained flexibility and time, improving both occupancy rates and revenue. The software provides an intuitive solution that works seamlessly for independent hotels.

Top 3 Core Objectives: Optimizing pricing and increasing efficiency were the primary goals for Kloster Fischingen with RoomPriceGenie.

Improve Pricing Efficiency: Manual pricing was inefficient and error-prone, causing lost opportunities. RoomPriceGenie automated this process, saving time and reducing mistakes.
Maximize Occupancy: Hotel management wanted to improve room occupancy by dynamically adjusting rates in response to demand, ensuring more balanced bookings year-round.
Boost Revenue: With RoomPriceGenie, Kloster Fischingen aimed to raise its average daily rate (ADR) and RevPAR without increasing operational complexity.

Innovators Mentioned

RoomPriceGenie

Murat Baki

Hotel director

Kloster Fischingen

"We save several hours each week that we previously spent on manual pricing. At the same time, we increased our occupancy rate by 5-25% (depending on the month) and raised the ADR by 30-40 CHF."

Murat Baki

Hotel director

👍 Hotel director Murat Baki said that RoomPriceGenie helps them be more efficient at work and continuously improve their revenue.:

"We save several hours each week that we previously spent on manual pricing. At the same time, we increased our occupancy rate by 5-25% (depending on the month) and raised the ADR by 30-40 CHF."

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

Hotel director Murat Baki said, about their decision: "RoomPriceGenie has supported us in many ways. The software automatically adjusts our prices based on demand and other relevant factors. As a result, we gained more time for other tasks and more flexibility in pricing. Our revenues is more stable. The software is very intuitive and easy to use. What I particularly appreciate is the automation – we no longer have to constantly monitor prices but can rely on RoomPriceGenie to do this for us."

📈 The results: Kloster Fischingen saw significant improvements in both efficiency and revenue metrics after implementing RoomPriceGenie.