Always the Right Price
Pace was founded in 2017 to disrupt and democratise revenue management. Hundreds of hotels and hostels have already switched to Pace for its focus on revenue science, continuous pricing and intelligent automation.
The Times They Are A Changin'
Pace has focused its efforts on the following core areas of innovation
Revenue management relies on a clear understanding of you inventory, bookings and guests. Pace never compromises on the quality of this Primary Data and has industry-leading integrations to leading PMS's. High quality booking data patterns are critical when it comes to decision-making. Pace also evaluates Secondary Data sources but their value is often limited.
Only following the market is not an option if you're serious about revenue management. For Generator the hard part has been to find the tools that allow us to work with Revenue Science effectively.
Market demand and price sensitivity is different for every night and room-type. But it is also different for every day in the booking-window. Pace has developed an approach called Continuous Pricing that simulates these and finds the price with the highest RevPAR. With full optimisations running every 2 hours you will never again have to worry about missing out on revenue opportunities.
During development of Starwood’s revenue management solution we focused on the same approaches that Pace is now spearheading. Continuous Pricing is, without a doubt, the future.
The average hotel receives a booking every few minutes, and with every booking we have more information about how we should be responding. But great revenue managers are hard to find, and even the best cannot take hundreds of pricing decisions manually on a daily basis. What we need is a way to focus on revenue management strategy and manage by exception.
Optimal revenue management requires you to respond accurately, in real-time, to changes in demand. For this we need strong partnerships between man and machine.
After using Pace for 6 weeks and RevPAR was up 25% year on year. Since then we've continued to see very clearly that Pace is helping us outperform last year and the market.Floris van Es - General Manager, Star Lodge Hotels
Using Pace is like having a secret weapon - Pace decodes our bookings and tells us how to respond! We don't really price manually any more and the results have been amazing.David van Erkelens, Revenue Manager - Teleport Hotel
Our brand was built around people and we hadn't paid much attention to revenue management. That all changed when Pace showed us how to capture the opportunities we've been missing out on!Anika Jacobs - Owner, Ecomama & Cocomama