In the rapidly evolving hospitality industry, dynamic pricing has emerged as an indispensable component of a successful hotel revenue management strategy. The benefits of dynamic pricing are clear – it allows hotels to adjust their rates separately for every room type and in real-time to maximize revenue. However, implementing dynamic pricing manually can be time-consuming and challenging. That’s where Lybra Tech’s cutting-edge solution, Lybra Assistant RMS, comes in. This advanced revenue management system is redefining the game, especially with its game-changing feature – the customisable Autopilot.
Lybra Assistant RMS’s Autopilot is a fully customisable automation tool designed to revolutionize hotel dynamic pricing. Instead of adjusting rates manually, Autopilot can be programmed to automatically modify hotel prices based on predefined conditions and by a specific adjustment percentage. This advanced feature is both a time-saver and a revenue booster.
So, why is this automated dynamic pricing feature a must-have for your hotel? Here are a few compelling reasons.
1. Optimal Rate Adjustment
By observing market trends, demand fluctuations, and historical data, the Autopilot enables your hotel to adjust prices with optimum precision. It ensures you’re neither underpricing and leaving money on the table nor overpricing and driving potential customers away.
2. Enhanced Time Efficiency
The Autopilot frees up your revenue management team’s time. Instead of constantly monitoring and adjusting prices manually, they can focus on more strategic tasks while the Autopilot handles the complex calculations and adjustments.
3. Boosted Revenue
With dynamic pricing enabled, you can capitalize on periods of high demand by automatically increasing prices. Simultaneously, in quieter periods, the system can reduce rates to maintain occupancy. This flexible approach ensures the highest possible revenue at any given time.
4. Improved Competitive Edge
Autopilot’s pricing decisions are data-driven and precise, giving your hotel a significant competitive advantage. With dynamic pricing, your hotel can always offer the best price-value proposition to potential customers.
5. Continuous 24/7 Operation
Unlike manual systems, Autopilot never sleeps. It continuously analyzes the market, predicts demand, and adjusts prices accordingly – ensuring you’re always on top of your pricing game, day and night. However revenue managers can decide either to keep it on 24/7 or only when they cannot work on hotel pricing, like for example during night time or during weekends.
Why the Autopilot Feature Is a Revenue Manager’s Best Friend
Lybra Assistant RMS’s Autopilot brings the future of revenue management to the present. Its capabilities far surpass the standard dynamic pricing tools in the market, making it an unrivaled solution for hotel revenue management helping revenue managers achieve optimal performance while saving tons of time!
Embracing dynamic pricing with Lybra’s Autopilot isn’t just a strategic move; it’s a necessity for any hotel that aims to thrive in this era of technological advancement. Experience the power of this state-of-the-art revenue management system today.
Are you ready to take your hotel revenue management to new heights with the Autopilot feature? Schedule a free demo of Lybra Assistant RMS today and discover the immense benefits of automated hotel dynamic pricing. Let us help you navigate your journey to superior revenue management with ease.