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REVENUE MANAGEMENT
CheckVienna Boosts Revenue by 40% with Smartpricing Across 280+ Vacation Rentals
Not yet verified
This case study hasn't been verified by CheckVienna yet
CheckVienna adopted Smartpricing for over 280 vacation rental units to stay true to their motto: Maximize automation to minimize staff requirements.
Why it matters:
While CheckVienna optimized many operations through digitization, finding a pricing management solution that catered to their needs and outperformed their in-house process was challenging until they discovered Smartpricing.
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By leveraging advanced algorithms, Smartpricing automatically adjusts prices based on market trends, occupancy rates and other relevant factors, resulting in increased revenue and reduced manual workload for the team.
Top 3 Core Objectives:
CheckVienna aimed to surpass previous business results with a dynamic pricing solution. The main goals were:
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Maximize automation: Minimize manual intervention in their pricing strategy, and let advanced algorithms handle price adjustments based on real-time data and market trends.
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Increase profitability: Boost revenue by optimizing pricing strategies to capture the highest possible rates during periods of high demand and adjust appropriately during slower periods.
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The right solution: Unlike traditional hotel pricing tools, CheckVienna needed a solution that understood the nuances of vacation rental markets.
"In the past, I used to sit down every day and rack my brains over the prices. It was a burden. Because I knew if I made a mistake, I could lose €50,000. With Smartpricing, I have the certainty that I won't miss any trends or events. It simply gives me peace of mind and takes the pressure off, which is very reassuring."
Martin Reinisch
Marketing Officer
Innovators Mentioned
CheckVienna
Smartpricing
MR
Martin Reinisch
The hotelier hasn't yet verified the case study.
Marketing Officer
CheckVienna
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👍 Marketing Officer
Martin Reinisch
said that apart from increased revenue, he values no longer having to worry about missing a sales opportunity.:
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"In the past, I used to sit down every day and rack my brains over the prices. It was a burden. Because I knew if I made a mistake, I could lose €50,000. With Smartpricing, I have the certainty that I won't miss any trends or events. It simply gives me peace of mind and takes the pressure off, which is very reassuring."
⚖️ The selection process:
During their research process, Martin Reinisch
evaluated Smartpricing's product differentiators, customer support, and holistic value as a strategic partner and ultimately decided that Smartpricing was the best fit solution:
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Marketing Officer Martin Reinisch said, about their decision: "During the research process, our objective was to find an established solution with a proven client record and the most advanced technological engine behind it."
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The results:
The stress reduction, better prices, and time savings CheckVienna experienced after implementing Smartpricing made a compelling case for expanding the solution across their entire portfolio.
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Better prices: Revenue increased by 40%
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Smooth pricing management for over 280 properties
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Time savings and reduced stress
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