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
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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.

  • 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:

  • Maximize automation: Minimize manual intervention in their pricing strategy, and let advanced algorithms handle price adjustments based on real-time data and market trends.

  • 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.

  • The right solution: Unlike traditional hotel pricing tools, CheckVienna needed a solution that understood the nuances of vacation rental markets.

Smartpricing

Finds the best rates for your accommodation. 24/7

4.8 162 REVIEWS

Innovators Mentioned

CheckVienna
Smartpricing
MR
Martin Reinisch
The hotelier hasn't yet verified the case study.

Marketing Officer

CheckVienna

"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

👍 Marketing Officer Martin Reinisch said that apart from increased revenue, he values no longer having to worry about missing a sales opportunity.:

  • "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:

  • 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."

📈 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.

  • Better prices: Revenue increased by 40%

  • Smooth pricing management for over 280 properties

  • Time savings and reduced stress

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