PriceMatch acquires PowerYourRoom, a European Revenue Management Solution for the hospitality industry

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PriceMatch acquires PowerYourRoom and make it possible for their customers and new customers to benefit from value added features from PriceMatch

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We see great synergy between our specialist European market knowledge and leveraging the elite engineering talent at PriceMatch

Dec. 18, 2014

PriceMatch, a next-generation revenue management platform, today announced the acquisition of PowerYourRoom, a privately-held supplier of revenue management tools to hundreds of hotels in the European regions of the Nordics, the Netherlands, Germany, Switzerland and Austria. Terms of the acquisition were not disclosed.

Effective immediately, PowerYourRoom employees will join PriceMatch, the world’s fastest-growing hotel revenue management system for mid-scale and luxury hotels.

“The team at PowerYourRoom are highly respected and accomplished hoteliers with more than 50 years combined experience at leading European hotel brands, in the fields of sales, marketing, online distribution and revenue management. The PowerYourRoom team will be a strong addition to fuel our growth across Northern Europe” said Arthur Waller, CEO of PriceMatch.

“We see great synergy between our specialist European market knowledge and leveraging the elite engineering talent at PriceMatch”, said Idan Velleman, co-founder of PowerYourRoom.

“PowerYourRoom customers will be benefit in many ways, as we integrate the best of both platforms”, added Ellen Huerst, co-founder of PowerYourRoom.

“The PriceMatch acquisition will mean an even greater level of service for PowerYourRoom customers as we add a dedicated account management layer of highly skilled revenue management analysts”, said Klimis Messios, co-founder of PowerYourRoom.

“PriceMatch is a revenue management platform powered by advanced econometrics, an elegant user interface and a logical workflow designed for more effective forecasting and pricing. We love the fact that our PriceMatch customers spend less time gathering data or with their heads buried in reports and have more time for strategic planning or tactical campaigns. This is a vision shared by the three founders of PowerYourRoom” added Erik Munoz, Chief Marketing Officer at PriceMatch.

Since inception in 2012, PriceMatch has quickly accumulated over 700 hotel customers in more than 30 countries.

About PriceMatch:

PriceMatch provides an innovative and easy-to-use revenue management solution designed for both hotel managers and experienced revenue managers. Using big data and advanced econometric tools, the PriceMatch algorithm provides pricing recommendations through an extremely user-friendly website. Our account managers and engineers can provide you with a personalized experience to help optimize your RevPar.

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Jeremy Bellaiche
PriceMatch
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