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REVENUE MANAGEMENT
How Four US Hotels Boosted Revenues by an Average of 56% During a 30-Day Trial of Pricepoint
Verified case study
Hotel Tech Report has reached out to hoteliers at Pricepoint to verify this case study.
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.
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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.
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Demonstrate increased revenue.: With Pricepoint in place, clearly show how revenues increase.
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Demonstrate occupancy increase.: With Pricepoint in place, clearly show how occupancies increase.
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Demonstrate increased value.: With Pricepoint in place, clearly show how the average booking increases in value.
Innovators Mentioned
Pricepoint
Pricepoint
MK
Michael K
Hotel Tech Report reached out to Michael K who verified this case study.
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:
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"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:
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Owner Michael K said, about their decision: "With Pricepoint (...), we projected $17K in hotel sales and we brought in $27K. So, I think it was pretty dramatic."
📈
The results:
Pricepoint's dynamic pricing is proven to increase revenues and occupancy.
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Hotels generated an additional 928$ daily.
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With Pricepoint in place, occupancy increased by 10.4 %
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New booking pickup in dollar value increased by 56% and the average value of a new booking increased by 10%.
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