RevApp

What’s RevApp all about?

RevApp is a machine learning dynamic pricing tool which helps hoteliers and vacation rental managers to automate and improve their room pricing.

Hmm… Could you tell us a little bit more about it? 

RevApp’s goal is to save hoteliers and vacation rental managers time and resources, and increase their profits. Therefore, it offers a sophisticated machine learning dynamic pricing tool that allows them to capture the market dynamics in real time and gain any missed profits by maximizing their room revenues and reducing their fixed costs. In this way, our company also automates the room pricing process and helps them save significant time and resources.

What problem/issue are you trying to solve?

First of all, the majority of hotels and vacation rentals are currently stuck at the fixed-rates pricing model; they hire one or more employees to handle the revenue management. The revenue manager manually updates the prices based on market dynamics, such as demand and competitors’ rates. Due to the high number of variables that are correlated with the market rates, this approach leaves enough room for pricing mistakes and missed opportunities. The revenue manager is either a well-trained revenue manager or a staff member who has been assigned to do this task part-time. Secondly, especially the small hoteliers, who lack the essential financial resources, try to implement the pricing on their own. This results in time-consuming and challenging tasks that require a lot of time and resources when it comes to the hotel management.

What’s the solution provided by RevApp?

RevApp is offering a machine learning room pricing tool, currently focusing on small and mid-sized hoteliers and vacation rentals’ managers that will allow them to capture any missed profits by maximizing their revenues and reducing their fixed costs and time allocated to this task. Our model -which takes into account demand, occupancy level, lead time, property, room and market characteristics, competition and seasonality- implements machine learning techniques in order to perform dynamic pricing and suggest an optimal renting price, which is automatically filled in the Property Management System. In this way, our tool saves substantial time and helps the customer to make more accurate real-time pricing decisions in order to convert the page visitor into a customer/guest.

Email us

atoulias@revapp.biz

Call us now

+30 6945437946

The Team

RevApp
Alexandros Toulias
Business Development & Sales

Alexandros is responsible for the business development and sales. He holds a Bachelor's Degree and a MSc in Civil Engineering from National Technical University of Athens and a MSc in Real Estate Development from Columbia University of New York. He is currently the Founder and General Manager of the Greek hospitality and real estate development company toStay. The company operates in Athens and manages small boutique hotels, as well as vacation rentals and provides business development solutions to property owners.

Alexandros Toulias
Business Development & Sales
RevApp
Emmanouil Avgerinos
Product Development

Emmanouil is responsible for the business and product development. He holds a Bachelor's Degree and a MSc in Electrical and Computer Engineering from National Technical University of Athens, a MSc in Operations Research from Columbia University of New York and a PhD in Operations Management from University College London. He is currently a tenured Associate Professor of Decision Sciences at IE Business School in Madrid. His research interests include data analytics for healthcare and professional service operations, new product development and large scale optimization projects.

Emmanouil Avgerinos
Product Development