Precium Technologies LLP

As a hotelier, selling rooms and getting more occupancy, that's tough, as it actually is not. As the new month entered, the month of Christmas, it means time for holidays. Also, time for hoteliers to look for smart and effective ways to boost occupancy and fill those remaining rooms. Observe that as travel demand shifts and guests become more selective and informative. So, it’s become essential to position your property in a way that feels attractive and worth. Fortunately, some strategic moves can transform your slow weeks into fully booked calendars and the secret lies in creating urgency, delivering value, showcasing memorable experiences and utilising Precium Technologies . First, we all know that nothing drives action immediately than a compelling offer. Limited-time offers, promotions and deals such as “Book now & Save 20% on Christmas Stay” and “Last-Minute Winter Escape Deals” motivate guests to act instantly. But, how can you do all these promotions or offers with...

  Is it really updating the room prices in real-time that could keep you tuned? In the hospitality industry, where everything needs to be on time. But room pricing is no longer something that hotels can afford to adjust once a month or even a week. Where there will be the involvement of occupancy, travellers’ behaviour, competition will be tough and market demand shifts faster than most Revenue teams can track manually. If we observe traditionally, then we will get that earlier hotels were reviewing their pricing strategies based on seasonal trends or monthly forecasts. But now modern travellers have become unpredictable and uncertain. So, demand can surge on a random day, like Wednesday or any particular day, dip during a holiday weekend or swing based on weather, events or competitor actions. When pricing remains static during these fluctuations, then chances increase to miss out on these opportunities, then you can sell either too low during high demand or too high during low ...

In this ever-evolving digital era, the hospitality industry is also adopting advanced technology to monitor competitors' pricing with rate parity check and help to make smart Revenue decisions. When these tools become more powerful and accessible, what happens when it comes to implementing the technology on the ground level? Is there a shortage of time, skills or insufficient training? If you observe your hotel staff, you will see, they already have a burden of responsibilities and a long list of work, like inventory updates, daily operations, managing guests, Revenue optimisation, OTA coordination and administrative activities. And then add the manual competitors’ price tracking can increase their workload, which makes the process slow, inconsistent and increases the chances of human error. This increasing pressure on hoteliers is exactly the reason why Competitor Pricing Intelligence has become the new growth advantage for modern hotels. Where modern hotels are utilising AI has...

  If we are talking about hotels' slowdown, then let’s be honest, it's not a lack of effort that slows down most hotels. It’s how that effort is being used. You may have hardworking staff, dedicated managers and guests who expect the best and put effort to get good results, but still it’s slowing down and feels like you are always one step behind and juggling price changes, responding to guest messages, chasing maintenance requests, and managing overbookings that should never have happened in the first place? But, not to worry, the best way to be active is that which can save your time, making the workflow more efficient. For instance, instead of avoiding managing bookings or price changes, you can use a system that automatically pushes rate updates, like Precium Technologies , to all your connected OTA channels. In that way, you will not only save your time, but you will also get the chance to work proactively instead of reacting to what competitors are doing. With the pricin...

Staying ahead in this competitive market needs more than just intuition because it demands precision. This is where Precium Software comes in. Powered by AI, Precium is a revolutionary pricing and rate intelligence platform that is designed to help small and big hospitality businesses to optimise Revenue, maximise occupancy and boost profitability. Precium is not just a tool. It is a Real-Time Competitor Rate Shopping and insights tool that provides valuable and updated data on what competitors are charging and allows hoteliers to adjust their pricing dynamically. With this critical information, hotel businesses can easily make more informed pricing decisions and ensure they remain competitive even against other players. But the magic doesn’t stop there. Precium’s Automated Pricing Recommendations will leverage historical data, market trends and AI algorithms to suggest more optimal rates in real-time and these recommendations can easily help your hotels’ Revenue and Sales teams to...