About the company
The Louis Hotels Group, one of the leading hotel chains in Cyprus and Greece, is renowned for its portfolio of exceptional properties across the Mediterranean Sea. With a commitment to delivering unforgettable experiences since 1935, Louis Hotels continues to be a top choice for travelers seeking a blend of comfort, style, and authentic local hospitality. While the revenue team was initially exploring Rate Shopping options and decided to implement Hotellistat's Rate Shopper, the chain has since progressed to pricing their multi-property portfolio with our Revenue Management System, enabling active yielding across all properties. Its parent company, Louis Plc, is listed on the Cyprus Stock Exchange under the ticker symbol "LUI". ' As of the most recent data, the stock price stands at €0.05 with a market capitalization of €23.72 million.
Challenges and goals
Louis Hotels recognized the opportunity to optimize their competitive pricing and streamline their revenue management by consolidating data across multiple properties. Prior to implementing Hotellistat, the revenue team relied on Excel and a Channel Manager to manually adjust rates. Having to individually handle over 100,000 price points for some hotels, keeping track of online rates was a continuous and at some point unachievable challenge. Dynamic pricing posed substantial difficulties; thus, most of the rates remained relatively static, limiting market responsiveness and revenue potential. Due to the extensive workload, active yielding was effectively only possible for a limited time during the season. To overcome these issues, Louis Hotels needed an automated system to collect, process, and present data. Through major time savings, the team aimed for strategic decision-making and more accurate, dynamic pricing.
The implementation and solutions
By addressing key challenges such as manual workload, data fragmentation, and inconsistent yielding strategies, Hotellistat has empowered the revenue team with cutting-edge tools to make faster, more informed pricing decisions. The automation and intelligence provided by the system have not only streamlined operations but also continues to unlock new opportunities for revenue growth.
"We at Louis Hotels were looking for a flexible, innovative, adaptable Revenue Management System, and that is what Hotellistat consistently delivers us. We have already streamlined multiple workflows and feel the benefits of an integrated, fresh approach. Highly recommend."
Successes
From starting out with the Hotellistat Rate Shopper, Louis Hotels now fully manages 18 properties in Cyprus and Greece with the multi-property function of the all-in-one solution. They have achieved remarkable success with our RMS: optimizing pricing, enhancing decision-making, and driving profitability. Nonetheless, our Rate Shopper remains one of their favorite feature.
"Hotellistat's interactive Rate Shopper provides a user-friendly experience, enabling deep data analysis and actionable insights, all at the same time. Phenomenal!"
With it's intuitive interface and granular filter controls, the Rate Shopper has empowered the team to dive deep into data analysis and make informed strategic moves. A key highlight of their experience is the seamless implementation and top-tier customer support, ensuring maximum return on return on investment. The commitment of Hotellistat to continuous innovation keeps Louis Hotels ahead in the competitive hospitality landscape.