About RommPriceGenie

RoomPriceGenie is a hotel revenue management software designed to help small and medium sized hotels, like independent hotels and B&Bs, increase their RevPAR (revenue per available room) with smart pricing technology which enables hotels to adjust rates on demand for quiet or busy periods, and everything in between. As an online solution, RoomPriceGenie gives users the flexibility to control room pricing anytime, anywhere, via any internet-enabled device.

RoomPriceGenie allows hotels to stay in control and manage their own minimum and maximum price parameters, while an advanced algorithm ensures rooms are available at the right price. RoomPriceGenie first considers thousands of other hotel prices, and checks how many rooms the user’s hotel has left to sell for each night, then using the advanced algorithm, RoomPriceGenie identifies the right price for the user to make the most of their hotel rooms.

Full integration with property management system (PMS) and channel management platforms helps enhance user productivity, giving users access to property and channel information from within RoomPriceGenie. The RoomPriceGenie system helps users save time and fill rooms by charging the most competitive price for their location, time of year and available rooms. RoomPriceGenie offers a monthly contract, one month free trial, and a guide through the set-up, to help users get up and running quickly.

Key benefits of RommPriceGenie

  • Help increase RevPAR (revenue per available room) with smart pricing technology which enables users to adjust room rates on demand, according to quiet or busy periods.

  • Stay in control of pricing by setting minimum and maximum price parameters.

  • The RoomPriceGenie algorithm uses market insights to identify peak periods of activity in the user’s hotel area, and prices rooms accordingly.

  • Get up and running quickly and easily by integrating with any existing hotel property management systems.

  • RoomPriceGenie monitors customer booking behavior and assimilates this information over time to help ensure brand consistency, satisfied guests, and increasing RevPAR.

  • Devices

    Business size

    S M L

    Markets

    Australia, Brazil, Canada, China, Germany and 4 others, India, Japan, Mexico, United States

    Supported Languages

    English, German

    Images

    RoomPriceGenie's smart pricing technology allows users to adjust their rates for quiet periods, busy spells and everything in between
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    RommPriceGenie video
    RommPriceGenie screenshot: RoomPriceGenie's smart pricing technology allows users to adjust their rates for quiet periods, busy spells and everything in between

    Features

    Total features of RommPriceGenie: 23

    • API
    • Behavior Tracking
    • Competitive Analysis
    • Competitor Price Tracking
    • Customer Profiles
    • Demand Forecasting
    • Dynamic Pricing
    • For Hospitality Industry
    • Forecasting
    • Inventory Control
    • Inventory Management
    • Market Data Analysis
    • Monitoring
    • Price / Margin Management
    • Price Forecasting
    • Price Optimization
    • Pricing Analytics
    • Profitability Analysis
    • Real Time Comparisons
    • Recommendations
    • Revenue Management
    • Third Party Integrations
    • Yield Management

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    Reviews

    Overall rating

    5 /5
    (13)
    Value for Money
    4,9/5
    Features
    4,9/5
    Ease of Use
    5/5
    Customer Support
    5/5

    Already have RommPriceGenie?

    Software buyers need your help! Product reviews help the rest of us make great decisions.

    Write a Review!
    Showing 5 reviews of 13
    Daníel S.
    Overall rating
    • Industry: Hospitality
    • Company size: 11-50 Employees
    • Used Daily for 1-5 months
    • Review Source

    Overall rating

    • Value for Money
    • Ease of Use
    • Customer Support
    • Likelihood to recommend 10.0 /10

    Couldn't be happier

    Reviewed on 2018/11/27

    After contacting them I instantly received an answer. All questions or requests are usually dealt...

    After contacting them I instantly received an answer. All questions or requests are usually dealt with instantly and our needs regarding price management have been met in every way. The service feels very professional and it has given us a lot of insights into how we can fill our rooms sooner for the best possible rates at any given time.

    Pros

    Room price Genie has made a huge impact in our company since we started using it. The price suggestions are spot on, the system is easy to use and the customer service team is phenomenal. The pricing is fair and you immediately feel the benefits and value it brings.

    Cons

    Dont have anything negative to point out at this time.

    Sohta N.
    Overall rating
    • Industry: Hospitality
    • Company size: 2-10 Employees
    • Used Daily for 6-12 months
    • Review Source

    Overall rating

    • Value for Money
    • Ease of Use
    • Customer Support
    • Likelihood to recommend 10.0 /10

    Best dynamic pricing app ever

    Reviewed on 2019/10/25

    Pros

    Cost is low.
    Working well.
    Support staffs are good.
    Good UI and UX.

    I am satisfied with it.

    Cons

    Nothing.
    I don't know why many people don't use it.

    Verified Reviewer
    Overall rating
    • Industry: Hospitality
    • Company size: 51-200 Employees
    • Used Daily for 1-5 months
    • Review Source

    Overall rating

    • Value for Money
    • Ease of Use
    • Customer Support
    • Likelihood to recommend 8.0 /10

    A perfect starting point

    Reviewed on 2018/09/08

    Pros

    Since using this system it has allowed us to really focus on our key areas of growth really well. We have gone from strength to strength and this is definitly with the assistance of this system.

    Cons

    It would be good to be able to focus on other areas of our property also, but nothing bad as such.

    Chance T.
    Overall rating
    • Industry: Hospitality
    • Company size: 2-10 Employees
    • Used Daily for 6-12 months
    • Review Source

    Overall rating

    • Value for Money
    • Ease of Use
    • Customer Support
    • Likelihood to recommend 10.0 /10

    Huge Time Saver!

    Reviewed on 2019/09/13

    Mine is a 24 unit motel and I could not compete with the bigger hotels constantly changing their...

    Mine is a 24 unit motel and I could not compete with the bigger hotels constantly changing their rates. I used to have to change my rates on the OTAs manually. I had to do Expedia et al on one site and Booking.com et al on another. I usually had to adjust different room types and days individually. It took a lot of time. This was AFTER I reviewed all of my competitors' prices and decided on mine.
    Even without a truly comparable hotel in my area, Genie helps me to better determine rates, see trends, react to others' changes and maximize profit.

    Pros

    Easy to use. I can set minimums and maximums. I can override the pricing if I want. It updates ALL of the OTAs automatically when I make a simple adjustment and several times a day when it checks my competitors' rates. The customer service team is great! They get back to me right away and help with questions. I can finally adjust my rates like the other hotels. Before, I would spend a lot of time determining and changing rates, only to have my competitors react to my new rates , and I didn't have time to start over.

    Cons

    It isn't Genie's fault, but I don't have any really comparable competitors for my competitive set. It still helps a lot and saves so much time, but if there were true comparable competitors, it could do more.

    Natalia A.
    Overall rating
    • Industry: Hospitality
    • Company size: 2-10 Employees
    • Used Daily for 6-12 months
    • Review Source

    Overall rating

    • Value for Money
    • Ease of Use
    • Customer Support
    • Likelihood to recommend 10.0 /10

    Increase Your REvenue with RoomPriceGenie

    Reviewed on 2019/07/24

    We signed up with Room Price Genie about a year ago after watching their highly informative (and...

    We signed up with Room Price Genie about a year ago after watching their highly informative (and entertaining) video clip on YouTube. What made us sign up was that we realized that small B&Bs, inns, and hotels are losing money both in high season (pricing too low) and in low season (pricing too high). It was exactly our story - we just don't know how to price well in relation to the local competition. And since we are located in a very dynamic area - by major international airport - hotel prices change daily, if not hourly. Room Price Genie created a logarithm for us to reflect the local economy and help us climb peaks and valleys. As a consequence, our ADR got lower, but our RevPAR got higher, reflecting higher occupancy and improving the efficiency of our property. What we really like is that on any specific date we can create our own mark-up or discount if we feel that the logarithm is not on target. This is might be true in times of inclement weather, local events, airport closures or group reservations. Updates go into the system immediately and we are still in control. But when we cannot control things - serving our guests - the system does the pricing for us without fail. A month after month we see an improvement in our performance. Customer service is excellent and support is available quickly.

    Pros

    The software is beautiful, very easy to use, set up by the host, flexible enough to incorporate our situation on the ground, accurate in relation to local competition, provides an immediate update to the PMS.

    Cons

    We like everything. There are hardly any negatives about the software. In six months they made at least one complete overhaul of the system - giving even more clarity and flexibility to users. So the system is fresh and constantly being improved and updated.

    Showing 5 reviews of 13 Read all reviews

    RommPriceGenie FAQs

    Below are some frequently asked questions for RommPriceGenie.

    RommPriceGenie offers the following pricing plans:

    • Starting from: US$95,00/month
    • Pricing model: Subscription
    • Free Trial: Available

    Price rooms from just $95 per month.

    We do not have any information about RommPriceGenie features

    RommPriceGenie has the following typical customers:

    Self Employed, 2-10, 11-50, 51-200, 201-500

    RommPriceGenie supports the following languages:

    English, German

    RommPriceGenie supports the following devices:

    We do not have any information about what integrations RommPriceGenie has

    RommPriceGenie offers the following support options:

    Email/Help Desk, Chat

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