Event: 2024 Phocuswright Europe
Product: Competitive Pricing
HQ: Barcelona, Spain
Principal(s): Customer Success Dir.: Eva Gomez; CTO: Oriol Man,a`; Investor/Board member: Marina Lopez; CRO/Board member: Pau Ferret; CEO/Board member: Jordi Serra
Funding: VC: 600K (2023)
Product Description: 123compare.me's Competitive Pricing empowers hotel groups to master room distribution by targeting and resolving online price disparities across OTAs, Metasearchers, and Bed banks. Leveraging digital technologies, we analyze data and implement algorithms for actionable insights. Our expert team then consults and deploy recommendations, executing action plans with client oversight.
Business Model: B2B, SaaS, Monthly fee
Competitors: None for this product. In other fields, The Hotels Network and Triptease.
Competitive Edge: Seven years dedicated to creating software for the hospitality industry, capable of auditing, analyzing, and auto-adjusting real-time demand and pricing.
Market Opportunity: Price disparities across channels erode margins, transforming potential collaboration into a cutthroat pricing battle. Of the world's estimated 700,000 hotels, a third belong to hotel groups or collections, amplifying this issue.
Early Customers: Radisson Hotel Group and Eurostars
