Elevate Is Your Dynamic Pricing Assistant
IDeaS Is Trusted by 30,000+ Independent and Chain Properties Worldwide
How Will Elevate Help You With Hotel Room Pricing?
Get relevant pricing sent to your device
Receive fresh daily price recommendations directly, so you can set rates with confidence.
Keep pace with your competition
Learn when your key competitors change rates with helpful notifications.
Check pricing from wherever you are
Oversee your pricing strategy from the palm of your hand.
Choose Your Plan
Experience the impact of dynamic pricing and join the 30K+ properties that already trust IDeaS to drive greater revenue.
Enterprise
For groups and chains with more than 100 properties
*PMS Integration required
Custom-built plan available now
Contact for details
Now available in select markets
Single Property
For independent economy and midscale properties
No integrations required Starting at
$99 per monthwhen billed annually
$119 per month when billed monthly
Multi-Property
For groups and chains with 99 properties or fewer
*PMS Integration required
Coming soon
Contact for details
Take the Guesswork Out of Hotel Room Pricing
Elevate helps you set the right rates for your market, allowing you to escape fixed pricing and grow revenue.
Get Started Quickly
Complete no-fuss setup in as little as one day.
Track Your Competition
Monitor your top four competitors with daily price notifications.
Increase Your Revenue
Maximize rates, drive asset value, and make more money.
Save Time
Leave the heavy lifting of room pricing to us.
3 Steps to Better Pricing
No technical expertise is required when using the Elevate hotel pricing tool. It works without connecting to a property management system so you can get started anywhere, anytime.
Add property details
Provide basic property information like the address and room count.
Start using Elevate
Access your custom, dynamic hotel room pricing through any Apple, Android, or desktop device.
Hotel Room Pricing Data at Your Fingertips
Confidently set room prices and gather market intelligence with easy-to-use features designed for busy hotel owner operators.
Quickly review pricing for multiple dates and see the price recommendations for your hotel generated by advanced analytics.
Drill down by day to see pricing for your hotel and each key competitor to ensure your price is right for shoppers.
Be aware and stay informed on important changes in your market with this dynamic feed.
Alerts go directly to your phone so you can proactively update your pricing and keep pace with the competition.
FAQs
Elevate was created to fill a need for small, independent hotels. To make best use of the tool, your hotel needs to be available on Booking.com or Expedia. You also need to have four competitor hotels in your city to search.
The intuitive design and functionality of Elevate means no training is needed. In-application help and guidance provide you with the answers you’re looking for as questions arise.
Believe it or not, they will. Hotel guests have been booking dynamic rates for more than 30 years, and consumer expectations have evolved to expect price fluctuations. Dynamic pricing is increasingly common among hotels of all types and sizes, and odds are your competitors are already applying this approach to revenue management.
One of the reasons Elevate is simple to use and quick to implement is because it doesn’t have to integrate with other technology systems at your hotel. If you’re interested in using a version of Elevate that connects to a property management system, fill out the contact us form, including the name of the PMS you use.
Yes. During low demand periods, it is critical to price your rooms correctly as margins are even tighter. If your price is too high, you’ll end up with empty rooms. If your price is too low, you’ll fill rooms with bookings that may not cover your costs, leaving you in the negative.
We know you’re busy, which is why we designed Elevate in a way that ensures you get the information you need in no more than a few taps on your phone (or clicks of the mouse).
Elevate has subscriptions for different property types. You can select a monthly plan or, for a discount, select an annual plan.
Getting started with Elevate is an easy 3-step process.
- Create an account for your hotel.
- Select your subscription plan.
- Check out and you will receive an email from us shortly after checkout with instructions on how to access your property’s custom pricing. Then, start using Elevate through your favorite browser or by downloading the mobile app.
There are multiple factors that can influence the price. The following are the major considerations that can have the most critical impact on your profit margin:
- Understand your costs.
- Know your guest’s buying habits.
- Analyze competitor pricing.
- Determine your pricing goals (i.e., maximize revenue per available room, increase rate, etc.).
- Use dynamic pricing strategies to determine best price.
- Set the price within your selling systems.
- Monitor and adjust pricing.
There are multiple factors that can influence hotel pricing. It’s not a once a year or monthly task, but an ongoing process that requires regular evaluation and adjustments to optimize revenue and stay competitive in the market. An optimized pricing strategy is essential for the long-term prosperity of any hotel.
By going beyond a fixed rate list and strategically aligning hotel room rates with competitors and demand, hotel operators can enhance revenue and profits. This strategy facilitates the expansion of resources required for new locations, escalating asset value, and attracting investors.
When devising your hotel pricing strategy, there are numerous methods you can employ. To ensure profitability, a combination of these approaches is recommended.
Here are some approaches commonly used by economy and midscale hotels:
- Competitor-based pricing
- Demand-based pricing
- Value-based pricing
- Seasonal pricing
- Discount pricing
- Occupancy-based pricing