Pace is one of the best revenue management software solutions, which grants hospitality management the power to strike a balance between business revenue optimization and the interests of their customers as it lets them set the optimal price. The service considers the industry segment tendencies and demands and changes the price hourly to offer the best and most relevant one.
What is Pace Revenue?
Management software solution unlocking your revenue potential
Pace is one of the best revenue management software solutions for hotels and hostels based on the machine learning system. It provides a user with convenient tools for data analysis and reporting. The application visualizes the Python REST API of the service and generates data that can later be used for revenue management and subsequent business growth.
Managing revenues manually is time-consuming and not necessarily effective. Pace lets the user automate and, therefore, optimize this process. It enables the business to respond to the everchanging market demands and adjust the pricing strategy on time. This application is a great operational consultant and a financial advisor for revenue management strategy.
Challenges & Solutions
The platform was designed as a complex data collection and analysis system. The main challenge with revenue management solutions is how to make the interface intuitive, user-friendly, and elegant without losing functionality.
We strove to create a platform being easily understood by new and experienced users.
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What Makes Pace Revenue Special?
1. Business value
2. Real-time forecasts
Unlike most revenue management solutions, Pace enables a business to forecast booking curves ahead of time. It foresees the unusual patterns and gives one the ability to respond immediately. The user can adjust their pricing for each segment, room category, and date based on the obtained data.
3. Customer needs to be kept in mind
Business revenue is generated from different market segments, which need to be treated differently. Pace stands out among other revenue management systems because the service lets the user differentiate between customers and sets the most appropriate price for a particular segment.
4. Organization and convenience
The dashboards organize all the relevant information in one place and let a property owner see the overall business picture at a glance. Users who need more detailed information can move from the general dashboard to more specific charts. It is fast and convenient since Pace is one of those revenue management systems that value the time and effort of their users.
5. Multifaceted interaction
The user can track data on a particular property or all properties simultaneously. They can monitor all the events around each property, get insights into their customers’ booking behavior, or compare each marketing segment’s performance to develop a comprehensive revenue management strategy. More than that, they can control user access and add notes for their team.
6. Gorgeous, intuitive interface
Although Pace is a comprehensive data management tool for business, it has an intuitive, user-friendly, and beautifully designed interface. It arranges even the most complex data into a coherent visualization for revenue optimization. No training is required to determine the dashboard functionality, and the user can start working immediately.
The pricing strategy is somewhat competitive compared with the other revenue management systems. It’s flexible as the price depends on the property type and the set of functions that the user needs. It may vary from 2 to 9 euros per room a month. For those who are still not a hundred percent sure whether Pace is the most suitable platform for them, the company offers a one-month-long trial period absolutely for free.
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