RateBoard secures 7-digit investment
The right room, for the right guest, at the right price
Founded by Simon Falkensteiner and Matthias Trenkwalder in 2015, the company develops and sells a web-based pricing software for individual hotels and medium-sized chains. This easy-to-use software makes it possible to automatically determine the optimal price for the right guest at the right time. Based on numerous data from different systems, factors such as e.g. the weather, the prices of other market participants and events taken into account. The results of the calculations are presented in a clear dashboard and thus allow an efficient pricing for unoccupied rooms. At the press of a button, the newly determined prices can then be transferred to various external systems.
Up to 20% increase in sales through dynamic pricing
These dynamic prices replace static price lists, which are prepared annually in advance, and which make it difficult or extremely difficult to react quickly to market or demand changes. In addition, RateBoard provides the hotelier with a dashboard to analyze real-time KPIs such as sales, occupancy, and booking forecasts, and gain up-to-date sales data.
Rateboard already looks after more than 100 hotels in Austria, Germany, Switzerland and Italy. The 15-member team has set itself the goal of developing the leading and "simplest" pricing software for the European individual hotel industry. The young team is supported by an experienced advisory board with experts from the hotel and tourism industry.
RateBoard GmbH has already won the Young Entrepreneurs Prize of the Young Economy in the category "New Ideas - New Products - New Markets" one year after its founding. This prize honors outstanding achievements of young entrepreneurs in order to draw attention to the importance of young entrepreneurs for the state and the business location of Tyrol. In the same year, the team won the Cluster Award of the Standortagentur Tirol in the Information Technology category. Last year, the start-up was named Born Global Champion by the WKO.
Simon Falkensteiner, founder of RateBoard GmbH: "Many hotels are still making price decisions out of their guts, which is why many rooms are empty or sold out too early at too low price. At RateBoard we want to change that and help hotels with our software to find the ideal pricing. Through a simple user interface, the offer can be optimally adapted to the demand."
Matthias Trenkwalder, founder of RateBoard GmbH, says: "The investment should enlarge the team and open up further markets. We have built up a decisive competitive advantage in the European market in recent years and can now raise the company to an even higher level."
Ralf Kunzmann, Managing Director aws Gründerfonds, says: "The RateBoard team clearly recognized the need prevailing in the hotel industry and convinced us. With the pricing solution, it is possible to respond dynamically to market changes and achieve optimal room utilization without great expenditure of time. The solution will quickly spread across Europe and be able to generate significant economic benefits. "