RoomPriceGenie
UnclaimedAutomated revenue management for hospitality businesses to boost revenue and save time.
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TL;DR - RoomPriceGenie
- Automates room pricing for hotels and short-term rentals.
- Increases revenue by optimizing rates based on real-time data.
- Saves time by eliminating manual pricing adjustments.
Pricing: Paid only
Best for: Enterprises & pros
Pros & Cons
Pros
- Significantly increases revenue (average 19%)
- Saves substantial time (up to 10 hours/week) on manual pricing
- Provides 100% control over pricing parameters while automating execution
- Easy to use and understand, even without revenue management experience
- Continuously adapts to market changes and competitor pricing in real-time
Cons
- Requires initial setup and definition of pricing comfort zones with experts
- Specific pricing tiers or detailed cost structure are not publicly available
Key Features
Automated real-time pricing optimizationCompetitor rate tracking (up to 10 competitors and hundreds of Airbnbs)Booking performance monitoring and demand pattern identificationSeasonal and day-of-week cycle fine-tuningIntegration with PMS and Channel ManagersPrice updates up to 12 times a day18 months of future pricing forecastsCustomizable minimum and maximum price settings
Pricing Plans
Free TrialCore
Contact Sales
- Future Pricing Recommendations: 12 months
- Automated Price Uploads: 4x daily
- Real-Time Pricing Calculation
- Email alerts only
- Lead time settings
- Comp-Set Adjustments: Yes, limited
- Revenue Performance Dashboard: 3-month view
- Onboarding: Standard (free)
Premium
Contact Sales
- Future Pricing Recommendations: 18 months
- Automated Price Uploads: 24x daily
- Real-Time Pricing Calculation
- Manual pricing upload
- Daily pricing control
- Real-time surge price protection
- Daily pricing bulk edit
- Lead time settings
- Comp-Set Adjustments: Yes, limited
- Revenue Performance Dashboard: 2-year history, near real-time
- Revenue Analytics Dashboard
- Scheduled Reporting
- Monthly Forecast
- Yield Room Types Individually
- Segmentation Support
- Minimum Stay Restrictions: Orphan gap protection only
- Onboarding: Standard (free)
- Revenue Strategy Reviews: Annual
Professional
Contact Sales
- Future Pricing Recommendations: 18 months
- Automated Price Uploads: 24x daily
- Real-Time Pricing Calculation
- Manual pricing upload
- Daily pricing control
- Real-time surge price protection
- Email alerts only
- Daily pricing bulk edit
- Lead time settings
- Comp-Set Adjustments: Yes, expert support included
- Revenue Performance Dashboard: 2-year history, near real-time
- Revenue Analytics Dashboard
- Scheduled Reporting
- Monthly Forecast
- Yield Room Types Individually
- Segmentation Support
- Minimum Stay Restrictions: Advanced automation
- Onboarding: VIP (free)
- Revenue Strategy Reviews: Quarterly
- Dedicated Revenue Manager
About RoomPriceGenie
By Toolradar Team·
RoomPriceGenie is an intuitive, automated revenue management system designed for independent hoteliers, B&Bs, short-term rentals, and small hotel groups. It eliminates the need for manual pricing adjustments and complex spreadsheets by continuously optimizing room rates based on real-time market demand, competitor pricing, and booking patterns.
The system aims to increase revenue by an average of 19% and save hospitality professionals up to 10 hours of manual work per week. It provides full transparency into its pricing recommendations, allowing users to understand the data-driven decisions. RoomPriceGenie integrates directly with existing PMS or Channel Manager systems, enabling fully automated price updates up to 12 times a day, ensuring properties are always competitively priced and maximizing profit.
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RoomPriceGenie FAQ
How does RoomPriceGenie ensure I maintain control over my pricing strategy despite its automation?
RoomPriceGenie allows you to define your comfort zone for pricing by setting minimum and maximum prices, and fine-tuning seasonality and day-of-week cycles. While the system automates adjustments within these parameters, you retain full control and can manually override prices at any time.
What types of data does RoomPriceGenie analyze to generate its pricing recommendations?
The system analyzes a comprehensive set of data points including the rates of your top 10 competitors, hundreds of local Airbnbs, your property's internal PMS data, booking performance to identify demand patterns, pick-up patterns to spot upcoming events, and general market conditions.
How frequently does RoomPriceGenie update prices, and how quickly does it react to market changes?
RoomPriceGenie updates prices up to 12 times a day. This allows for quick reactions to any changes in the market, competitor pricing, or your own booking performance, ensuring your rates are always optimized.
Can RoomPriceGenie be used by properties that are not traditional hotels, such as B&Bs or short-term rentals?
Yes, RoomPriceGenie is designed to work for a variety of hospitality businesses, including independent hotels, groups and chains, B&Bs, pubs, inns, and apartments & short-term rentals, accommodating properties of all shapes and sizes.
What is the typical revenue increase and time savings users experience with RoomPriceGenie?
Users typically experience an average revenue increase of 19% and save approximately 10 hours of manual work each week, allowing them to focus more on guest experience and other aspects of their business.
Source: roompricegenie.com