Pace is revolutionising revenue management with a suite of tools to deliver science, real-time and automation.
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.
Announced Date | Round | Money Raised | Number of Investors | Lead Investors | Post Valuation | |
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Dec 13, 2017 | Seed | £2.50M | 2 | — | — | Detail |
Jan 10, 2017 | Non-Equity Assistant | — | 1 | Google for Startups | — | Detail |
Investor Name | Lead Investor | Funding Round |
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Google for Startups | Yes | Non-Equity Assistant |
Speedinvest | — | Seed |
Seedcamp | — | Seed |