SUCCESS STORY
Olea All Suite Hotel
Defining effective pricing strategies, analyzing market opportunities and decoding competition strategies in a fast, efficient and data-driven way while reducing employee stress deriving from tourist season time pressure.
Olea All Suite - Zakynthos
Olea All Suite Hotel is a unique 5 star hotel, set on a picturesque hill, surrounded by olive trees and green, walking distance from Tsilivi resort, 10 minutes from Zakynthos town and airport.
Challenge
Working smarter and overcoming stress deriving from time pressure during the tourist season when fast and efficient decisions must be made in a very small period of time.
Solution
Leveraging Lybra data-driven revenue management solutions to monitor competition and analyze market opportunities.
Results
- saved 4-6 work hours per week
- decoded competitor strategies
- constant improvement of hotel’s revenue and profitability
Interview With
Spyros Gazonas Assistant Operations Manager Olea All Suite Hotel
What was important for you and your team to accomplish for the success of Olea All Suite Hotel?
We were looking for solutions that can help us work smarter and overcome the stress of the time pressure we all feel during the season, when we have to act fast, act efficiently and make the right decisions in a very small period of time.
Our goal is constant improvement, and we know that opportunities are always there. We needed a solution that can help us analyze the opportunities, feel the opportunities and act efficiently at the right time, so we can optimize our rates and maximize our revenue on a daily basis.
What did you get from using Lybra Revenue Management System?
In Lybra Revenue Management System we found a very user-friendly solution that helps us save 4-6 hours of work per week and enables us to monitor more efficiently the prices of our Competition, the Travel Demand Trends for Zakynthos and also update our prices in just a few clicks from within Lybra Revenue Management System to our Channel Manager.
Another important thing we are able to do with Lybra Revenue Management System is that we managed to decode our main Competitors strategies. This enables us to adjust our strategy according to the data we gather for the local market.
I particularly enjoy using Lybra Revenue Management System’s Flight Searches module that enables us to look 120 days ahead into the future and analyze the evolving Travel Demand Trends for Zakynthos. With these Market Intelligence insights we are able to make smarter and better informed decisions, faster and at the right time to achieve higher revenues and profitability.
What was the overall impact of the benefits gained from using Lybra Revenue Management System?
With the Market intelligence offered by Lybra Revenue Management System, we gained the capability and the confidence to act fast, act efficiently and make the right decisions in a very small period of time, all of which makes a positive impact in our goal of improving constantly the hotel’s revenue and profitability.