RoomPriceGenie

About RoomPriceGenie

RoomPriceGenie AG provides a web-based revenue management system designed specifically for independent hoteliers. The company was founded in 2017 by Ari Andricopoulos, Marvin Speh, and Jörg Siegel with the mission to make automated, data-driven pricing accessible to smaller hotels, enabling them to compete with large chains. The inspiration came from co-founder Ari Andricopoulos, who holds a PhD in mathematics and has a background in creating algorithms for financial markets. He saw his father struggling to price rooms effectively for his small B&B and decided to apply his expertise to create a simple, automated solution.The company's core product is a software-as-a-service (SaaS) platform that automates room pricing. It analyzes real-time market data, competitor rates, and a hotel's booking pace to calculate and set optimal prices up to 18 months in advance. This dynamic pricing model helps hoteliers increase revenue by an average of 19% while saving significant time on manual rate adjustments. The system is designed to be intuitive and transparent, allowing users to either have a completely hands-off approach with the 'autopilot' feature or manually adjust the suggested prices. The platform integrates with over 80 Property Management Systems (PMS) and Channel Managers, ensuring seamless price updates multiple times a day.RoomPriceGenie operates on a subscription-based business model with tiered plans based on features and property size. The target market consists of independent hotels, B&Bs, inns, and serviced apartment managers who lack the resources for dedicated revenue managers or complex enterprise software. The company has seen significant growth, serving over 3,000 clients in 65 countries. In February 2025, RoomPriceGenie secured a $75 million investment from Five Elms Capital to accelerate its international expansion. Following this investment, Chas Scarantino was appointed CEO, while co-founder Ari Andricopoulos transitioned to the role of Chief Strategy Officer to focus on product innovation.