- The two tech companies join forces to combine the strategic vision of Juyo with the operational vision of Beonprice within one integrated solution.
- The new reporting feature gives Beonprice’s customers access to easy, agile and personalized data visualization that allows hotels to better identify opportunities in their data and adapt strategies.
MADRID - Beonprice, the global leader of revenue optimization based on artificial intelligence to maximise hotel revenues, has signed a strategic agreement with Juyo Analytics, the most advanced hotel analytics and data visualization platform in the market, to provide its customers with a more strategic view of their business.
This alliance makes it possible to offer an integrated solution to Hotels that drives better results to hotel customers through the possibility of exploring and cross referencing hotel data, visualizing key performance indicators, and identifying market trends to build and adapt strategies ahead of time.
Juyo Analytics is a data visualization platform designed for hoteliers by hoteliers, that provides easy to use and understandable dashboards and analytics, with the agility to compare historical and future looking data.
In the words of Vassilis Syropoulos, founder and CEO at Juyo Analytics, we lack cooperation amongst tech companies in hospitality.‘When Emilio reached out to talk about the possibilities of working together it was a no-brainer. Combine the best of two worlds, add more combined value to hotels especially in these difficult times and hopefully set the example for more cooperation in hospitality tech’, he says.
With this new partnership, Beonprice will be able to provide their customers with an advanced reporting functionality, with 365 days performance, budget and forecast data. They will be able to analyse at segment, sales channel, room type and room plan, levels, as well strategise by nationality, MLOS and lead time.
The objective of this strategic alliance is not only the technical integration between both technological solutions, but also to take advantage of joint actions and technology development that add more value to their clients.
Emilio Galán, co-founder and CTO at Beonprice, highlights the opportunity that joining forces between the two companies provides for customers to have a more complete view of the business. ‘Beonprice and Juyo working together will allow hotel companies to drive more profit, as they combine the strategic vision of data analysis, with the operative vision of forecasting, and revenue management automation such as making and sending price and inventory recommendations’, he states.
Beonprice's RMS technology is based on the HQI™ (Hotel Quality Index) as a disruptive element in its artificial intelligence technology to simulate the behaviour of each person, taking into account the price and quality of the property and the competitive set mainly in the recommendations to maximise the RevPAR of the hotel chain.
Founded in 2012, Beonprice works with over 2,000 properties in more than 30 countries, including international hotel brands such as Catalonia, Hotelatelier, Iberostar, RIU, Labranda Hotels & Resorts, HM Resorts, Park Royal, Dreamplace, Hospes and Room Mate, among others.
About Juyo Analytics
Juyo Analytics is a self-funded, Belgium-based Hotel Technology company that helps hotels enhance and interpret data from multiple sources in a cutting-edge, fully customizable visualization engine. Founded by ex-hotel executive Vassilis Syropoulos, Juyo solves a challenge many hoteliers face: the absence of the possibility to harvest deep insights from unorganized and decentralized data sources placed within relevant context.
About Palladium Hotel Group
Palladium Hotel Group is a Spanish hotel chain with over 50 years of experience, owned by Grupo Empresas Matutes (GEM). The group operates 40 hotels and over 13,000 rooms, distributed amongst six countries: Spain, Mexico, Dominican Republic, Jamaica, Italy and Brazil, and manages nine brands: TRS Hotels, Grand Palladium Hotels & Resorts, Palladium Hotels, Palladium Boutique Hotels, Fiesta Hotels & Resorts, Ushuaïa Unexpected Hotels, Only YOU Hotels, BLESS Collection Hotels and the Hard Rock Hotels Brand under licence with three hotels in Ibiza Tenerife and Marbella. Palladium Hotel Group is characterised by its philosophy of attention to its team and to offering its clients high quality products and services. www.palladiumhotelgroup.com
CEO and Head of Product