Hostelle in London spends only 15 minutes daily on checking their pricing, after implementing RoomPriceGenie.

REVENUE MANAGEMENT

Hostelle in London spends only 15 minutes daily on checking their pricing, after implementing RoomPriceGenie.

Hostelle is a group of female-only hostels in Amsterdam, Barcelona, and London. Pricing used to be a time-consuming manual process involving extensive research and adjustments based on occupancy and market rates. RoomPriceGenie helped streamline pricing adjustments, reducing the weekly time investment from nine hours to just 15 minutes a day.

Why it matters: Doing their pricing manually was not only a huge time investment. They were also missing out on revenue opportunities because the hostel manager couldn't be there all the time to check the prices. There were also occasional pricing miscalculations and errors. All these added up, making the hostel lose revenue.

RoomPriceGenie helps hostels automate their pricing by working around the clock to maximize their revenue and keep them competitive. Time saved thanks to RoomPriceGenie can be invested into taking care of other aspects of the business.

Top 3 Core Objectives: The desire for a more efficient and accurate pricing approach prompted consideration of RoomPriceGenie. Initially, unaware of the accessibility of such systems for smaller properties, Charlotte’s interest was piqued after she heard about RoomPriceGenie, and she thought it would be a great opportunity for hostels in Amsterdam and London.

Save time: The manager of the Hostelle in London, Charlotte Gapps, wanted to streamline the pricing process and save time. She used to spend nine hours a week on research, calculations and price adjustments!
More accurate pricing: They used to miss out on revenue opportunities since they couldn't spend 24/7 on adjusting pricing. What's more, it was very hard to figure out a sweet spot for their prices.
Make job easier: Charlotte wanted a solution that would not only save time but also give insights that could help her make informed decisions, making her work as a manager easier.

Innovators Mentioned

RoomPriceGenie

Charlotte Gapps

Manager

Hostelle

"You have been really good with helping anytime I need anything. Either an email or call and it gets all sorted. RoomPriceGenie made my job much easier."

Charlotte Gapps

Manager

👍 Manager Charlotte Gapps said that RoomPriceGenie's solution and service make hoteliers' jobs easier:

"You have been really good with helping anytime I need anything. Either an email or call and it gets all sorted. RoomPriceGenie made my job much easier."

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

Manager Charlotte Gapps said, about their decision: "I'm not a big software person, but it's very easy to use. I think the way it’s all set up with all the different options makes it user-friendly and you can adapt it to what you want it to be."

📈 The results: RoomPriceGenie helped streamline pricing adjustments, reducing the weekly time investment from nine hours to just 15 minutes a day. Beyond the significant time savings, the hostel observed a steadier Average Daily Rate (ADR), enhancing guest satisfaction and increasing repeat bookings.

Reducing the weekly time investment from nine hours to just 15 minutes a day
A steadier Average Daily Rate (ADR) helped improve guest satisfaction and increased repeat bookings
The whole team is more efficient since they have more time to take care of other aspects of the business.

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