Epoque Hotels Announces New Partnership with REVPAR GURU Adopting Their Strategic Revenue Management System
Epoque Hotels is announcing their new partnership with REVPAR GURU, a Miami based SaaS company. A global hotel chain, Epoque Hotels represents over 300 eclectic hotels in over 110 destinations worldwide including the Avantgarde Hotels brand and the China Hotels Collection. The Epoque Hotels chain and its affiliated brands of boutique hotels chose to implement Revpar Guru's smart pricing solutions in order to optimize the price of rooms of the various hotels of the brand across the world. REVPAR GURU's powerful hotel software is built using intelligent algorithms, based on probabilistic modeling and regression analysis, it is meant to forecast demand levels and make strategic pricing decisions.
- Revpar Guru solutions currently analyses 180 million pricing decisions per day.
- On average it delivers an increase of 108% in comparisons to other companies who claim 7% increase.
- The software was developed using derivatives-trading stock market algorithms by Jean Francois Mourier, an innovative banker with over 10 years in the financial sector and Bruno Perez, a hotel management expert and entrepreneur.
- Enhanced features have been developed to, track performance and profitability across all market segments, allowing hotels to implement strategic distribution on the various revenue streams.
- Chain hotel managers can benefit from real-time pricing decisions in order to maximize revenue opportunities in the various marketing channels as well as online travel agencies.
About Epoque Hotels
Epoque Hotels is a collection of worldwide avant-garde, trendy-chic, and luxury-classic boutique hotels based in over 100 destinations. With its 350 hotels in its portfolio, divided in two lines: Avantgarde Line and Epoque Classic, it is rapidly establishing itself as the leading reference in the segment of Boutique Hotels. Headquartered in Miami, the company has also sales offices in Italy, UK and France.
About REVPAR GURU
REVPAR GURU provides hotels around the world with an alternative revenue management software solution, designed to deliver maximum bookings and profits. As REVPAR GURU's custom-designed Yield Dynamic Price Engine is the only real-time revenue management software available on the market, it meets the rapidly changing needs of hotels in a very demanding business environment. REVPAR GURU's solution offers dynamic rate optimization, real-time pricing, integrated internet and extranet yield channel management and GDS sales distribution, to increase a hotel's RevPAR intelligently and effectively, while maintaining rate integrity and automated rate parity. Since 2004, REVPAR GURU's software solution has been used by hotels worldwide to increase occupancy and RevPAR.
Headquartered in Miami, Florida, For more information, visit www.revparguru.com.Property TechnologyRevenue ManagementTravel TechnologyInnovationPartnerships, Mergers & AcquisitionsGlobal