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Joining us in our Partner Showcase series is Pace Revenue, the all-in-one revenue platform of choice for the most innovative brands in the travel industry. We chatted to the team to find out what sets Pace apart, the services they offer and how those services can boost your revenue-generating potential with automated tools that work in real-time.
Pace is the new leader in revenue management technology; our award-winning revenue platform features a high-frequency pricing engine that has a demonstrable advantage in forecasting accuracy, unparalleled and customisable business intelligence and allows you full strategic control through an intuitive app.
Pace Pricing continuously adapts your pricing strategies to maximise your revenues. Real-time, automated, price optimisation. Pace takes automated pricing decisions for its customers 24 hours a day, 7 days a week.
Adaptive strategies - for every night
Pace adapts its pricing strategy for every night based on past performance and real-time pick-up. This way, it uniquely tailors its strategy to each night to maximise revenue.
Automated and continuous pricing
Pace was built with automation in mind. This means that Pace will always update the price when necessary and continuously explore the market's willingness to pay.
Understand your pricing
Pace enables you to drill into every price update and every booking. There's full transparency on how your business is performing and how the Pace Pricing system is making its decisions.
Our pricing is based on our industry-leading algorithm and machine learning which will transform your revenue - from ADR to occupancy to RevPar. With automation, you can focus on what’s important instead of wasting time changing prices/generating reports and grow your business with fewer resources.
There’s a lot more to revenue management than pricing. For hoteliers, the opportunities lie in business mix, ancillary revenue, lifetime value and plenty more beyond pricing. We get that. It’s one of the reasons why we are the platform of choice for some of the top brands in the world.
RMS clients can also benefit from the first native business intelligence platform for hospitality - Pace Analytics. Unlocking the value of data is a challenge for revenue teams, but Pace Analytics makes this easy with its modern interface and transactional level data. We enable you to analyse your data in your way.
Check out our case study with Saltwater Hotels & Resorts, a mutual client who reported that "the two-way integration with RMS Cloud meant that we could switch things on immediately and the rollout was smooth.”
"We've seen a $30 growth in our ADR since implementing Pace...our rates are now managed automatically, on an hourly basis and 365 days in advance."
ALH Group (Australia)
"We’ve seen some big revenue improvements since switching to Pace - some of our hotels have seen an average increase of 14% in ADR and 20% in room revenue."
Machefert Group (France)
"Despite all the challenges of COVID and historically low occupancy, Pace has really outperformed. We saw a 27.4% increase in our RGI in August 2020 versus 2019.”
a&o Hostels and Hotels (Europe)
First, we solved the price optimisation problem in our industry with Pace Pricing. Next, we need to confront the business mix optimisation issue that is endemic in revenue management. We’ve started rolling out our new Restrictions Management feature to users, where Pace will suggest when to close out corporate rates and maximise revenue from your transient business.
Easy and quick
It only takes a few clicks to get started with restrictions. Configure them once and then manage them by exception.
Increase your ADR
Contracted business can hamstring your ADR performance if not managed effectively. Pace can suggest when to constrain contracted business and leverage higher public rates.
Lightning-fast updates
Need to make quick changes to your restriction configuration? Changes are populated to your PMS in seconds enabling you to actively control your strategy.
Pace is offering RMS clients an exclusive deal to use its revenue platform for free until your occupancy hits 50%. Find out more about getting started.