Beonprice

A real time dynamic pricing solution that is working with over 1,500 hotel clients in 20 countries to improve their Revenue Management.

BEONPRICE is a real-time dynamic pricing system, initially focused on the lodging industry, helping hotel revenue managers rent the maximum number of rooms for the optimal price. BEONPRICE technology works downloading continuously data about bookings (pick up and historical data), about demand (weather, events, flights, searches on the Internet…), about competitors (price, online reputation, ranking, disparities…) and also about quality to make pricing suggestions when some of this data changes. Their secret sauce is the BEONPRICE Quality Index (BQI) which lets us know the price elasticity that the market accepts for each hotel based on 21 parameters such as location, services of the hotel like restaurant, room size etc.