The Value of Automated Pricing for Independent Hotels
Revenue Hub
English - February 13, 2024 16:00 - 52 minutes - 48.1 MBBusiness News Business News Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Hi, welcome to another Expert Insights discussion
Today we are joined by 3 guests:
Kris Glabinski of Aggregate Intelligence
Nicolo (Nick) Rolle of Lybra
Marco Kleiner of Atomize
NB: Aggregate Intelligence, Lybra and Atomize are all Expert Partners,
This is a wide ranging discussion centered around the importance of time, adaptability, and the ability to respond quickly to market changes in the context of pricing strategies for hotels, emphasising the challenges faced by smaller independent properties in managing pricing strategies manually and how automated pricing systems can address these problems.
Kris, Nick and Marco also look at the evolving nature of the hotel industry, the challenges faced by traditional revenue managers, and the potential impact of new entrants and changing guest expectations.
We touch on the potential benefits of adopting automated pricing systems for revenue management, occupancy optimization, and reducing manual efforts, especially in smaller properties where dedicated resources are limited.
Also, the need for continued education, adaptation to technological advancements, and a shift in mindset towards viewing revenue management systems as essential tools for staying competitive in the evolving hotel industry.
During the conversation we touch on subjects such as:
Time Constraints
Frequency of price changes
Understanding market dynamics
Role of Automated pricing
Real time dynamics
Technology adoption
Educational gap
Cost perception
Generational shift
Guest personalization
Really hope you enjoy the conversation
👀 If you would like to watch the video of our discussion
Here is the YouTube link: https://youtu.be/YMGvJHz3fEU
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We’re always interested to hear from you and happy to follow up with our guests on any questions.
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