Are there any e-learning tools provided?
BEONx has a powerful e-learning tool available called BEONx Academy. It provides member-only access to resources to improve knowledge and skills related to several levels of revenue management.
Are there any reporting possibilities in the tool?
Yes. BEONx unifies tactical decisions and strategic analysis so you have all your hotel’s data in one system. There are more than 10 reports that analyze your strategy from different angles including distribution costs, corporate strategy analysis, cluster reports, etc.
What kind of market data is considered by the algorithm?
HQi (market quality positioning), current competitor prices, historical competitor pricing strategies and destination events. In the near future, we will also consider the destination demand index, competitor benchmarks and hotel demand (regrets and denials).
Will I be able to perform open pricing per room type/segment?
Yes. We understand that the best way to optimize your strategy is to provide price recommendations and restrictions (stop sell and MLOS) by rate code (room type + rate plan) and segment.
Does the tool also provide group displacement cost analysis?
Yes. The BEONx Groups module includes a complete analysis of displacement, price recommendations for each room type, alternative optimal dates and other revenues for each group quotation.
Do I need to have a comp set?
No. The BEONx platform can provide forecasts and recommendations using your hotel’s data only.
How often are real-time PMS updates?
Both forecast and recommendations can be updated up to 5 times per day. These updates also include PMS performance data, competitor pricing data and HQI.
Can I change the values within the HQi tool?
Yes – no one knows your hotel and your competitors better than you do. The HQI’s automatically downloaded information can be manually modified, so you can add more services as well as revise evaluations of competitors.
Why is HQi important?
To set an optimal strategy, it is crucial to know your market positioning. BEONx is the only RMS that takes this information into account when setting prices for your target segments.
What is HQi and how does it work?
HQI (Hotel Quality Index) is a unique index created by BEONx that measures the objective quality of services and facilities plus the online reputation of each hotel. The index has been built taking into account those services that are most important for each customer profile (couples, solo travelers, friends, families and business travelers). Learn more […]
How can a Total Profit platform help me?
Nowadays, the amount of information that a revenue manager must take into account to optimize a hotel’s strategy is enormous. That is why it’s essential to have the support of RM tools that use artificial intelligence algorithms and unify all the hotel’s data to have a complete vision and make the best decisions possible.
What is Total Profitability?
Total profitability is all about creating a more profitable revenue management strategy that takes all your revenue streams into account, not just occupancy levels and operating costs.
How much can I save switching to BEONx?
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Will BEONx replace my current RMS?
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Is there a minimum room size to use BEONx?
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What countries use BEONx?
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What is an RMS?
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What is HQi?
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