Prix Blog

Posts on the science, technology & practices of Revenue Management

How deep transactional data gives hotels an advantage

How independent hotels and hostels use data to their advantage, even though they have less than the big players.

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Kim Van Haalen, Guest Writer
September 20, 2017

What does GOPPAR mean for hotels and how is it calculated?

Gross Operating Profit per Available Room (GOPPAR) provides a combined understanding of a property asset and its business performance.

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Andrew Muir Wood, Product and Growth Lead
August 23, 2017

Prix Revenue Management integrates with MEWS

We’re excited to announce our partnership with Mews Systems and welcome aboard hotels and hostels that use Mews Commander.

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Andrew Muir Wood, Product and Growth Lead
July 27, 2017

Results from M3 forecasting competition

Two key questions for any person or group doing forecasting are: (1) How good are we in predicting reality? (2) How good are we compared to others?

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John-Paul Clarke, Chief Science Officer
July 03, 2017

Musing on Prix science

I often get asked “What makes the underlying engine of Prix different? - And what are its advantages? This is my answer.

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John-Paul Clarke, Chief Science Officer
June 12, 2017

What is RevPAR and how is it calculated?

Revenue per available room (RevPAR) provides a broad benchmark of hotel performance.

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Andrew Muir Wood, Product and Growth Lead
May 07, 2017

Average Daily Rate (ADR) and how to calculate it

Average Daily Rate (ADR) is a simple metric to determine the performance of a hotel or room type.

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Andrew Muir Wood, Product and Growth Lead
April 25, 2017

Your hotel occupancy rate calculated

Hotel occupancy rate helps you to work out the utilisation of your property over a given time period.

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Andrew Muir Wood, Product and Growth Lead
April 15, 2017

What are pick-up and pace?

Two of the most important tools for revenue managers are pick-up and pace. They are a necessary foundation to understanding how to deal with changes in demand for your property.

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Jens Munch, CEO
April 06, 2017

Validating Sibyl Forecasting

A comparison of Sibyl, the underlying engine of Prix, to other time-series forecasting methodologies.

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John-Paul Clarke, Chief Science Officer
February 26, 2017

Part 2. How does Dynamic Pricing work?

A sensible explanation of Revenue Management. What it is and why it's practiced.

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Jens Munch, CEO
November 23, 2016

Part 1. Dynamic Pricing takes flight

Revenue management was first invented by American Airlines in the 1980s. It's come a long way since those early days.

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Jens Munch, CEO
November 06, 2016

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