At Pace, we're firm believers in using data to back up our claims. We apply this internally as we continually improve our optimization engine. And we also use this approach to help our customers understand the revenue benefits Pace can offer them.
To understand which pricing strategies are most effective, run an experiment using Pace's impact analysis framework. This will give you a clear understanding of your pricing performance compared to Pace's.
Our impact analysis framework helped one of our customers discover they had lost out on 8.9% of their potential revenue compared to their internal pricing strategy. What about you?
Evaluating pricing strategies is a complex task. We can’t go back in time and ask what if? So, we conducted extensive research and published a paper in the Cornell Hospitality Quarterly on the topic. More here.
Not being too sure of anything is the beginning of greatness. Our exceptional science team has a combined 100 years of research experience and they're still learning every day. Speak to us about how we work and how our solutions can help you. You can't afford not to.