Emerald Stay provide premium property management for luxury chalets, homes and villas across the Alps and Marrakech. Properties are managed on long term leases for private owners and rented out with some of the highest standards of quality and service.
“We delivered a 15 percent increase in ADR and a 12 percent increase in occupancy…”
So the team were looking to adopt smart technologies to enable the remote management of their properties. They needed to build a scalable platform to provide automation and a lean operational cost structure, and a revenue management solution was a key part of this. Ultimately, they wanted access to more sophisticated pricing strategies to maximise their revenue.
By plugging in Pace, now FLYR for Hospitality, via their Mews PMS, they were immediately able to automate their team, which brought substantial efficiency and productivity savings. When trying out solutions, the platform was able to deliver 30 percent more revenue vs the other RM solutions out there for apartments. With Mews and Pace ( FLYR for Hospitality), integration and implementation are truly seamless.
Instant results and increased efficiencies
Legacy property management systems have a straightforward way of pricing that doesn’t allow sophisticated customization. Emerald Stay wanted every opportunity to maximize their revenue. Pace (FLYR for Hospitality) finally introduced an advanced dynamic pricing strategy with the ability to easily tweak multiple rates, lengths of stays and input rate restrictions.
By switching on pricing automation, we delivered a 15 percent increase in ADR and a 12 percent increase in occupancy (YoY) and Emerald Stay was able to become the leader in all their Apartment markets as a result.
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