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REVENUE MANAGEMENT
Neuchatel Polanco: from underselling at $150-$180 per night to charging $250+
Neuchatel Polanco provides temporary accommodations for corporate clients averaging 30-60 nights. Before RoomPriceGenie, they relied on flat pricing, often leading to missed opportunities, especially during high-demand events. Although a remote revenue management team managed pricing from Argentina, the disconnect from the local market meant that key pricing adjustments were frequently missed. For example, during the F1 event in Mexico City, they sold at regular rates instead of the premium prices the market could bear. To address these gaps and better match local demand, they transitioned to RoomPriceGenie, a solution designed to meet the unique challenges of their business model.
Fill short-term gaps: The team needed a pricing solution that would strategically adjust rates to capture bookings for shorter gaps in availability.
Maximize revenue: They wanted to make sure rates aligned with demand, particularly during local events, to avoid underpricing.
Reduce manual management: By automating pricing, they sought to eliminate the need for constant manual adjustments, reducing time spent on revenue management.