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RoomRaiser—a software platform supporting dynamic pricing—launched in July 2023. Since then, a growing number of users have adopted our system, which is designed specifically for small and medium-sized accommodation providers. We examined their experiences and results from the period since launch.
As is common with digital solutions, the goals of using RoomRaiser include:
- increasing revenue
- reducing working hours
- improving accuracy and reducing human error
Of these goals, revenue growth is perhaps the easiest to measure, so it is the focus of this article. When we analysed our users’ results over the previous months, we found average revenue increases ranging from 15% to 45%.
Below, we present the benefits of using RoomRaiser through the experiences of two customers: AR Forte Apartments (Central Capital Apartments) and Panoráma Hotel Noszvaj.
AR Forte Apartments, Gozsdu Court and the surrounding area, Budapest
“RoomRaiser enabled us to make the transition to truly dynamic pricing. It is a genuine digital solution at an affordable price, with excellent results.”
Gozsdu Court is a popular tourist destination, making a deliberate pricing strategy particularly important for accommodation providers in the area.
AR Forte Ltd. operates 41 apartments in and around Gozsdu Court in Budapest. We asked Operations Manager Ádám Kozsuch about his experience with RoomRaiser (Ádám and his team have used the software since October 2023).
The challenge
“Competition is fierce, and dynamic pricing is now a basic requirement. With so many apartments and competitors, managing it manually is impossible and time-consuming. Developing a professionally sound pricing strategy and implementing it consistently is an extremely complex task.”
Average occupancy was low, and the team often realised only after the fact that growing demand would have allowed them to sell at higher rates, meaning they missed out on significant revenue.
Getting started with RoomRaiser
“We use Previo PMS, and its team recommended RoomRaiser. Their professional expertise during the demonstration convinced us, and the promises were attractive too. We decided to give the free trial a chance—we had nothing to lose. 😊 Continuous rate optimisation and the time savings sounded very promising.”
Working together
“Implementation and connecting the systems took a few days. In practice, we also received a free competitor-analysis consultation, which proved very useful.” The following one to two weeks were spent fine-tuning the rates. “Since then, using the system has been straightforward, while continuous competitor monitoring and manual rate calculations have effectively disappeared.”
The results
Between early November 2023 and the end of February 2024, occupancy increased by 25% and revenue by 19% compared with the same period a year earlier. “Based on these results, we are excited to see what the season will bring. One result that cannot be expressed in numbers is the constant peace of mind that our pricing is in order—we sleep well.”
Panoráma Hotel Noszvaj
“I recommend RoomRaiser to every hotel selling through online channels. It is an excellent solution for those that have wanted to introduce dynamic pricing but lacked the capacity to do so. And the system costs only a fraction of the fees charged by consulting firms.”
Panoráma Hotel Noszvaj stands surrounded by pine forests and vineyards.
Ágnes Kovács-Muhel and her team at Panoráma Hotel Noszvaj have used RoomRaiser since July 2023. They had previously tried dynamic pricing for the hotel’s 45 rooms with the help of an external consulting firm.
The challenge
“Online bookings account for 50–60% of our annual business, making them a crucial source of revenue. We wanted to continue dynamic pricing while reducing costs and improving quality. We were looking for a genuine digital solution that worked well.”
Getting started with RoomRaiser
“We tried the system on the recommendation of the Previo PMS team. After speaking with David and his team, the software and the pricing strategy they presented convinced us. As with AR Forte Apartments, the integration between Previo and RoomRaiser also proved beneficial here.”
Working together
“RoomRaiser delivers what it promises: our rates remain consistently competitive, and we can practically forget about competitor monitoring because the system handles it for us. The team provides professional added value, and we always receive help when we have questions. The parameters were configured around our hotel’s particular characteristics with professional support. The systems work well together, and the software is transparent and easy to use, even for beginners.”
The results
“Based on data from September 2023 to February 2024, our bookings through online channels increased by 45% compared with the previous year, while revenue from these bookings rose by 60%. RoomRaiser has reduced the time spent on pricing to roughly one tenth. I can now complete pricing for the year ahead in less than half an hour, usually by simply reviewing the rates RoomRaiser recommends. Previously, this took about four hours. The software takes data collection and processing completely off our shoulders and minimises errors. We can always be confident in our rates.”
Overall, the technology—already more widely adopted in Western Europe—has also proved effective for these accommodation providers. RoomRaiser is the first to bring automated hotel revenue management solutions for small and medium-sized hotels to Hungary and neighbouring countries, complemented by regional expertise and professional consulting.
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