Beonprice provides a hotel revenue management system that uses AI modelling, a proprietary algorithm and a Hotel Quality Index to measure hotel quality, determine competitive position and generate maximized pricing based on demand. The product combines Artificial Intelligence and Deep Learning to improve revenue-per-available-room while increasing occupancy. Founded in 2012 and based in Salamanca, Spain, the company is active in more than 30 countries and lists clients such as Catalonia, Hotelatelier, Iberostar, RIU, Labranda Hotels & Resorts, HM Resorts, Park Royal, Dreamplace, Hospes and Room Mate. The company says the new funding will be used to further develop product offerings, increase team size, and accelerate expansion into European and LATAM markets. The article reports a €2 million Series A as the current financing event. CEO Rubén Sánchez stated the company aims to lead the hospitality sector with the most complete RMS in the market. Beonprice provides a B2B hospitality revenue platform that combines revenue management insights, a training academy, and algorithms for dynamic rate setting. Its patented artificial intelligence technology finds optimal room rates by analysing evolving consumer demand and market supply. The platform is designed to help hoteliers improve key metrics such as RevPAR and occupancy rates. Beonprice currently serves over 2,000 properties in more than 30 countries and counts customers including Paradores, Catalonia, Iberostar, RIU and Grupo Velas. Founded in 2012, the company is headquartered in Salamanca with offices in Madrid, Barcelona, Mexico City and Bogotá. It plans to use new funding for product development, consolidation in Spain and Latin America, and European expansion, and expects its customer base to more than double in the next three years. Beonprice provides a revenue management platform for the hospitality industry that aims to maximize profitability based on quality indicators and market segmentation. The platform recommends optimal prices to help hotels increase revenue and react to real-time market changes. It helps hotels improve competitiveness dynamically by accounting for competitors, occupancy, demand, quality and online reputation. The company was founded in 2012 by Rubén Sánchez and Emilio Galán and is based in Villamayor, Salamanca. Beonprice raised €1.4m and intends to use the funds to accelerate expansion in Europe and the USA. The recent funding round was led by K Fund.

Total raised

$7M

Funding rounds

3

Latest round

Series A

Latest activity

May 2021