Locations
London, UK
industry
Data and Analytics · DeepTech · Software · Travel and Tourism
Size
51-200 employees
Stage
Seed
founded in
2017
The toughest challenge for a hotel-owner is highly dynamic demand for a fixed number of rooms - some nights your property is half-empty, other times it's booked out weeks in advance. Smart use of pricing, timing, and sales-channels can add more than 30% to annual revenues. Pace has built the first solution that gives hotels real-time forecasting, price sensitivity analysis, and automation. Now hotel-owners can trust that they are responding rapidly to changes and always getting the right bookings at the right prices. Pace uses machine learning and statistics to turn pricing into a real-time exploration how to optimally match supply and demand. Their algorithms are proprietary and actively worked on by their science team. They differentiate by being a tech-led company in hospitality (most competitors are the inverse) and by having a staged path towards the end-goal of real-time automation.
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