Hostel Mate Revenue Management System

Optimizing your pricing for your Hostel has never been easier

Keep your bunk and room pricing competitive with real-time market data and automated pricing alerts. Whether you're a small independent hostel or a growing chain, our system offers all the dynamic tools you need to stay ahead.

Never miss out on an opportunity to increase revenue.

You can be losing out on thousands of dollars in sales if you only change your prices on rare occasions. With our method, you never miss a chance to make more money since it keeps an eye on pace, occupancy, and market rates.

Competitive Pricing 24/7

By using automated pricing alerts that are based on your own regulations, you can stay ahead of the game and make sure your hostel is not under or overpriced.

Full Control of Your Pricing Strategy

Discover the perfect balance between automation and direct supervision. You have the option to either automate your price or use manual overrides to modify rates in response to demand.

Track Your Competitors

Make tracking rival rates easier. Make sure your hostel's tariff stays competitive within your market segment by compiling a list of your direct rivals and keeping an eye on their prices.

Effortless Market Data Collection

Our revenue management software makes it simple for you to boost revenue without continuous oversight by compiling market data from many sources.

All-In-One Insights Dashboard

Utilise our overview page to compare previous performance statistics, including pace, pickup, and year-over-year occupancy patterns, to make better choices in less time.

Easier Pricing Choices

For hosteliers who have no experience with revenue management, we have a rule-based approach. It improves your bottom line while making rate modifications easier.

Smooth Integration

Our price intelligence solution, which is integrated directly into the Hostel Mate Hospitality Platform, works in unison with your PMS, booking engine, channel manager, and other systems.

Planning for the Seasons

Use real-time market demand data to better plan staffing and price strategies by identifying periods of high occupancy and keeping an eye on forthcoming events.

AI-Powered Automation and Comprehensive Reporting

Make educated judgements with ease by leveraging sophisticated AI driven by intent data, machine learning, and historical trends. Create bespoke reports to precisely predict future revenue and demand.

Discover what makes a difference

Use Hostel Mate's dynamic hostel revenue management technology to increase RevPAR. For hostels of all sizes, yield management and dynamic pricing are made possible by our user-friendly interface and extensive reporting suite.

  • An interactive calendar display makes rate management simple.
  • Use an integrated rate shopper to keep an eye on your compset.

Develop a Pricing Strategy That Brings in Money

No complicated algorithms or long setups. You may configure rules, alerts, and automation using Hostel Mate according to industry best practices for the lodging sector. Benefit from a fully integrated system that offers safeguards to keep your rates at optimal levels.

Actual Evaluations from Accommodation Companies

Emily Carter, Operations Director at Pinecrest Boutique Stays

"Setting occupancy rules without having to think about it is something I adore. Hostel Mate simply leaves, and it takes care of everything."

James Holloway, Founder of Seaside Retreats

"Since Hostel Mate serves as my booking engine, website, channel manager, PMS, and income management tool, I don't need to monitor five distinct systems."

Sofia Ramirez, Hospitality Manager at The Urban Nest

"Hostel Mate's Pricing Intelligence Engine (PIE) has helped us generate an extra $60K CAD in just six months."

Luca Moretti, Co-owner and Host at Casa del Sol

"We use PIE to automate a large portion of our pricing, which has freed us a lot of time for staff training because it is performing some of our tasks automatically."

Frequently asked questions

  • A revenue management system is an all-inclusive solution made to assist hostel enterprises in handling duties including inventory, pricing, data management, and reporting.
  • It recommends or updates pricing and stay limitations using a combination of rules-based or analytics-based algorithms, frequently coupled with the booking engine, PMS, and channel manager for your property.

  • In order to maintain competitive hostel prices and maximise profitability, revenue management is essential.
  • Hostels can use it to publish and monitor important indicators including GOPAR, TRevPAR, RevPAR, and ADR.
  • Nowadays, even independent and smaller hostels can use cutting-edge solutions to put successful revenue strategies into place without hiring a specialist revenue manager.

  • While revenue management includes more comprehensive tactics like market segmentation, forecasting, and in-depth demand analysis, yield management is more focused on maximising revenue through price and inventory control.
  • Yield management offers a strong starting point for new hosteliers, and as experience level increases, a more thorough approach to revenue management can unleash even more revenue potential.

  • Rates, reservations, and bunk/room inventories are all managed by a central reservation system. It is the centre of your reservation ecosystem and is frequently incorporated into a property management system (PMS) or used as stand-alone software.
  • On the other hand, an RMS analyses occupancy and other important variables using data from the CRS to assist in setting the best possible prices.
  • Despite being distinct systems, they complement each other well to improve your entire revenue plan.

  • Along with our integrated revenue management system, Hostel Mate collaborates with top industry innovators to introduce cutting-edge RMS features to our platform.
  • Your revenue management approach will be optimised thanks to these connectors, which guarantee that you have access to the full range of capabilities.