European B2B accommodation tourism technology market.
According to foreign media TechEU , Spain Beonprice has raised € 2.5 million (approximately $ 2.8 million) in Series A funding, led by Adara Ventures. This round of financing will be used to develop new products, consolidate its business in key markets in Spain and Latin America, and continue to expand its business in the European market.
Beonprice is a hotel real-time pricing system developer , founded in 2012, headquartered in Salamanca, co-founded by Emilio Galán and Rubén Sánchez, and aims to serve the European B2B accommodation technology market provide the solution.
Beonprice aims to help hotels increase their operating income, set the optimal sales price for hotels, and achieve the largest bookings. The company downloads order information for major hotels, including real-time and historical data. Then, through a set of pricing algorithms, combined with data such as weather and flights, and competitor prices, online reviews and rankings, to provide hotels with the most reasonable price recommendations.
Beonprice’s Revenue Management System (RMS) uses AI’s specialized hotel quality index (HQITM) to evaluate the market position of hotels, and is based on a formal reflection of real estate and its quality , Put forward effective house price strategy suggestions, to maximize the property’s RevPAR.
Beonprice official website
Beonprice said that currently only 16% of hotels on the market are using RMS. As hotel owners are looking to increase distribution and booking efficiency through revenue management tools and manage complex price calculation procedures, the company expects its customer base Doubled in the next three years.
Beonprice currently has partnerships with more than 2,000 properties in more than 30 countries, including hotel brands such as Paradores, Catalonia, Hotelatelier, Iberostar, RIU, HM Resorts, Park Royal, Dreamplace, Hospes, and Grupo Velas. The company will also set up offices in Madrid, Barcelona, Mexico City and Bogota in the future.
IDeaS Revenue Solutions < / strong> is a well-known company in the field of hotel pricing technology. Founded in 1989, as a SAS subsidiary, it provides pricing and revenue management systems, services and consulting services for the hotel and travel industry. The company launched Agile Rates technology at the beginning of last year to propose pricing and distribution of key products for specific market segments, making hotel revenue management more streamlined, and hotels can manage their own business on demand.
The San Francisco short-term rental technology provider Beyond Pricing also offers similar pricing tools , Using more than 10 billion proprietary data to provide pricing advice to hotel customers, resulting in up to 40% revenue growth.