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Pricepoint

Brand: Pricepoint

  • 4.3

  • 6 Ratings

Pricepoint is a fully automated revenue management software for hotels that uses advanced data science and machine learning to optimize room pricing in real time, helping to increase revenue and occupancy without requiring manual intervention.

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Starting Price
$7

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Starting at $7

Pricepoint Software Overview

What is Pricepoint?

Pricepoint is a fully automated revenue management software designed for hotels, utilizing advanced data science and machine learning to optimize room pricing in real time. The software continuously analyzes historical data, competitor pricing, and market trends to generate optimal rates, ensuring hotels maximize their revenue per available room (RevPAR).

It connects directly to property management systems (PMS) and automatically updates room prices across various online travel agencies (OTAs) whenever there are changes in availability. With a user-friendly interface, it requires no specialized revenue management expertise, allowing hotel operators to focus on other aspects of their business. The platform has proven effective, with users reporting revenue increases of up to 19% and occupancy boosts of 13.4%. The software also features a mobile app for on-the-go management and push notifications to keep users informed of pricing changes.

Why Choose Pricepoint Software?

  • Fully Automated Dynamic Pricing: Operates continuously in real-time, forecasting demand and setting optimal room rates without manual intervention.
  • Advanced Data Science and Machine Learning: Analyzes historical data, competitor pricing, and market trends to provide accurate pricing recommendations.
  • Seamless Integration: Connects directly to property management systems (PMS) and channel managers, automatically updating room prices across OTAs.
  • Proven Revenue Increases: Users have reported up to 19% revenue growth and 13.4% occupancy rate increases after implementation.
  • User-Friendly Experience: Designed for ease of use, requiring no specialized revenue management expertise.
  • Mobile Accessibility: Includes a mobile app for monitoring performance and receiving notifications about pricing changes on the go.
  • No Setup Fees and Flexible Pricing: Offers a 30-day free trial with no setup fees, allowing users to evaluate the software risk-free.
  • Customizable Pricing Strategies: Allows users to tailor pricing strategies to be more aggressive or conservative based on their goals.

Benefits of Pricepoint Platform

  • Increased Efficiency: Automates pricing decisions and inventory management, reducing manual effort and human error.
  • Enhanced Competitiveness: Provides competitive intelligence by analyzing competitors' rates and market conditions, allowing properties to stay ahead in the market.
  • Improved Customer Experience: Enables personalized pricing and offers, enhancing guest satisfaction and loyalty.
  • Scalability: Adapts to properties of various sizes and types, making it suitable for both small boutique hotels and large hotel chains.
  • Cost Savings: Optimizes pricing to maximize revenue, potentially increasing profitability without additional operational costs.
  • Real-Time Updates: Offers instant updates on pricing and inventory changes, ensuring the most current information is always available for decision-making.

Pricing of Pricepoint

Pricepoint price in India starts at $7 at techjockey.com.

The pricing model is based on different parameters, including extra features, deployment type, and the total number of users. For further queries related to the product, you can contact our product team and learn more about the pricing and offers.

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Pricepoint Company Details

Founded Year:  2019

Our mission is to stay on the leading edge of technology by providing advanced revenue management in its simplest form.

Director/Founders Pricepoint
Company Size 1-100 Employees

Pricepoint Pricing & Plans

Hotels-Billed annually
Starting at $7
    • Room

      Room
      Room
    • Monthly

      Monthly
      Monthly

Key Features

  • Minimum Monthly License:-1 to 15 rooms: $184

  • Minimum Monthly License:-16 rooms or more: $298

  • Real-time AI

  • Fully automated

Hostels
Starting at $130
    • Monthly

      Monthly
      Monthly

Key Features

  • + $1 per dorm bed monthly

  • + $4 per private room monthly

  • AI for hostels

  • Fully automated

Pricepoint Features

  • icon_check Real Time Dynamic Pricing
    Adjusts room rates automatically based on current market conditions and demand.
  • icon_check Automatic Updates
    Provides instant updates on pricing and inventory changes to ensure accuracy.
  • icon_check Competitor Rate Shopper
    Monitors competitors' rates to help set competitive pricing strategies.
  • icon_check Mobile App
    Offers access to Pricepoint features and insights from mobile devices for on-the-go management.
  • icon_check Performance Insight
    Delivers detailed analytics and reports on revenue performance and occupancy trends.
  • icon_check Customizable Strategies
    Allows users to tailor pricing strategies according to their specific business needs and goals.
  • icon_check PMS Integration
    Integrates seamlessly with Property Management Systems (PMS) for streamlined operations and data consistency.
  • icon_check Forecasting and Simulations
    Provides tools to predict future trends and simulate various pricing scenarios to aid in strategic planning.
  • icon_check Automatic Notifications
    Sends alerts for critical updates or changes, helping users stay informed and responsive.

Pricepoint Specifications

Supported Platforms
Ubuntu Ubuntu Windows Windows MacOS MacOS Linux Linux
Devices
Desktop Desktop
Deployment
Cloud-Based Cloud-Based
Suitable For
Hospitality
Business Specific
Hotels
Business Size
Small Business Startups Medium Business Enterprises
Customer Support
Email Communities
Language
English
Training Resources
Videos
AI Features
AI Integrated
Property Type
Branded-Chains Resorts

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Pricepoint Review

4.3

Out of 5

img

Overall Rating

Based on
6 Verified Ratings

Rating Breakdown

  • Features 4.0
  • Value for Money 4.5
  • Ease of Use 4.2
  • Customer Support 4.4

88% Recommend this Product

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How much does Pricepoint Software cost?

In India, Pricepoint pricing starts at $7, according to techjockey.com.

Is there any Pricepoint Software app?

No, Pricepoint does not offer a mobile app.

Which operating system does Pricepoint Software support?

Pricepoint is compatible with major operating systems, including Ubuntu, Linux, Windows and MacOS.

Does Pricepoint offer a free trial?

No, Pricepoint does not offer a free trial.

How does Pricepoint Software work?

Pricepoint Software works by connecting to a hotel's property management system (PMS) to analyze historical data and market trends, using advanced machine learning algorithms to automatically generate optimal room prices in real-time, which are then updated across various online travel agencies (OTAs) without manual intervention.

Who are the potential users of Pricepoint Software?

Potential users of Pricepoint include hotel managers, revenue managers, and lodging operators.

Is there any free demo for Pricepoint Software?

Yes, a free demo is available for prospective users to experience the software.

Is Pricepoint Software free?

No, Pricepoint is not free, as it requires a subscription or license fee based on the property's needs.

What types of hotels can use Pricepoint Software?

Pricepoint is suitable for various types of hotels, including boutique hotels, chain hotels, and resorts.

How does Pricepoint integrate with existing systems?

Pricepoint integrates with Property Management Systems (PMS) and other hotel management tools for seamless data flow.

Can Pricepoint Software handle multiple properties?

Yes, Pricepoint can manage pricing and revenue for multiple properties within a single platform.

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Terms and Condtions

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Users with registered businesses can purchase goods from merchants on the platform to satisfy their business needs. Users are not permitted to utilize any products acquired through the platform for resale, advertising, business, or further distribution.

For each purchase made, users will receive a Tax Invoice (or 'GST invoice') that includes specific details such as:

  • the GSTIN of the user associated with their registered business, and

  • the specified Entity Name for their business.

It should be noted that not all products are eligible for GST Invoice. Only the products displayed by participating sellers with the 'GST-based Invoice Available' callout on the product description page would qualify.

Certain goods and services are not eligible to get a GST Invoice, including items with VAS, i.e., Value Added Services (e.g., Total Mobile Protection/Assured Buyback) and those involving an exchange offer at the time of purchase.

Users must ensure the accuracy of the GSTIN, and business entity name provided for the GST Invoice. Requests for corrections into GST Invoice would not be accommodated by Techjockey.com or any Seller, and any issues arising from user-provided information are the sole responsibility of users.

Techjockey.com is not liable for the GST Invoice or any associated input tax credit. To efficiently claim an input tax credit, users should select the registered place of business address as per the GST authority's data and follow the provisions of the GST Act and rules.

To claim an input tax credit, the delivery and billing addresses must match. Furthermore, input tax credits will not be granted if the delivery address and GSTIN on the invoice are from different states. In case of incorrect GST details provided during the order placement, the order will be canceled automatically.