RoomPriceGenie

Revenue management software for small & medium-sized hotels

5 /5 (13 reviews) Write a Review!

RoomPriceGenie Overview

What is RoomPriceGenie?

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.

RoomPriceGenie Overview

Pricing

Starting from
US$95,00/month

Pricing options

Free Trial
Subscription
Value for money

Price rooms from just $95 per month.


RoomPriceGenie Features

Devices
Business size
S M L
Markets
United States, Canada, Australia, China, India and 4 others, Japan, Germany, Brazil, Mexico
Supported Languages
English, German

Media

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

RoomPriceGenie Reviews

RoomPriceGenie Reviews

Overall rating
5
/
5
Excellent
13

Very good
0

Average
0

Poor
0

Terrible
0

Value for Money
4,9
Features
4,9
Ease of Use
5
Customer Support
5
100% recommended this app
Daníel S.

Couldn't be happier

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.


Sohta N.

Best dynamic pricing app ever


Verified Reviewer

A perfect starting point


Chance T.

Huge Time Saver!

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.


Natalia A.

Increase Your REvenue with RoomPriceGenie

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.


Daníel S.
Industry: Hospitality
Company size: 11-50 Employees

Couldn't be happier

Used Daily for 1-5 months
Reviewed on 2018/11/27
Review Source: Capterra

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.

Rating breakdown

Value for Money
Ease of Use
Customer Support

Likelihood to recommend: 10.0/10

Sohta N.
Industry: Hospitality
Company size: 2-10 Employees

Best dynamic pricing app ever

Used Daily for 6-12 months
Reviewed on 2019/10/25
Review Source: Capterra

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.

Rating breakdown

Value for Money
Ease of Use
Customer Support

Likelihood to recommend: 10.0/10

Verified Reviewer
Industry: Hospitality
Company size: 51-200 Employees

A perfect starting point

Used Daily for 1-5 months
Reviewed on 2018/09/08
Review Source: Capterra

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.

Rating breakdown

Value for Money
Ease of Use
Customer Support

Likelihood to recommend: 8.0/10

Chance T.
Industry: Hospitality
Company size: 2-10 Employees

Huge Time Saver!

Used Daily for 6-12 months
Reviewed on 2019/09/13
Review Source: Capterra

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.

Rating breakdown

Value for Money
Ease of Use
Customer Support

Likelihood to recommend: 10.0/10

Natalia A.
Industry: Hospitality
Company size: 2-10 Employees

Increase Your REvenue with RoomPriceGenie

Used Daily for 6-12 months
Reviewed on 2019/07/24
Review Source: Capterra

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.

Rating breakdown

Value for Money
Ease of Use
Customer Support

Likelihood to recommend: 10.0/10

User recommendation
9,8/10
Based on 13 user ratings
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RoomPriceGenie Pricing

RoomPriceGenie Pricing

Starting from
US$95,00/month
Free Trial
Subscription
Value for money

Price rooms from just $95 per month.

Price rooms from just $95 per month.

Value for Money
4,9/5
Based on 13 user ratings
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RoomPriceGenie Features

RoomPriceGenie Features

API
Activity Dashboard
Automatic Notifications
Availability Management
Billing & Invoicing
Booking Management
Calendar Management
Channel Management
Credit Card Processing
Discount Management
Electronic Payments
Inventory Management
Invoice Management
Online Booking Integration
Price Management
Promotions Management
Reporting & Statistics
Reservations Management
Room Booking
Third Party Integration
Features
4,9/5
Based on 13 user ratings
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Categories

Additional information for RoomPriceGenie

Additional information for RoomPriceGenie

Key features of RoomPriceGenie

  • Competitor analysis
  • Dynamic pricing
  • Hotel revenue management
  • Inventory control
  • PMS & channel manager integration
  • Price optimization
  • Pricing analytics
  • Recommendation engine
  • Room rate management
  • Yield management

Benefits

  • 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.

  • RoomPriceGenie FAQs

    RoomPriceGenie FAQs

    Below are some frequently asked questions for RoomPriceGenie.

    Q. What type of pricing plans does RoomPriceGenie offer?

    RoomPriceGenie offers the following pricing plans:

    Starting from: US$95,00/month

    Pricing model: Subscription

    Free Trial: Available

    Price rooms from just $95 per month.

    Q. What are the main features of RoomPriceGenie?

    RoomPriceGenie offers the following features:

    • Competitor analysis
    • Dynamic pricing
    • Hotel revenue management
    • Inventory control
    • PMS & channel manager integration
    • Price optimization
    • Pricing analytics
    • Recommendation engine
    • Room rate management
    • Yield management

    Q. Who are the typical users of RoomPriceGenie?

    RoomPriceGenie has the following typical customers:

    Small Business, Mid Size Business

    Q. What languages does RoomPriceGenie support?

    RoomPriceGenie supports the following languages:

    English, German

    Q. What type of pricing plans does RoomPriceGenie offer?

    RoomPriceGenie has the following pricing plans:

    Subscription

    Q. Does RoomPriceGenie support mobile devices?

    We do not have any information about what devices RoomPriceGenie supports

    Q. What other apps does RoomPriceGenie integrate with?

    RoomPriceGenie integrates with the following applications:

    Booking Automation, Clock PMS

    Q. What level of support does RoomPriceGenie offer?

    RoomPriceGenie offers the following support options:

    Online Support