NEW YORK--(BUSINESS WIRE)--Life House, a leading boutique hotel management and technology company, has been awarded “RMS (Revenue Management Software) Innovation of the Year” in the second annual TravelTech Breakthrough Awards program. TravelTech Breakthrough is a leading independent market intelligence organization that evaluates and recognizes standout travel & hospitality technology companies, products, and services around the globe.
Life House’s Revenue Management & Marketing System (RMMS) is designed for independent hoteliers who want to continue managing day-to-day operations, while maximizing revenues through high-tech software and institutional expertise. The platform optimizes the entire revenue funnel, and customers benefit from an automated AI-powered pricing engine, conversion-optimized booking engine, personalized website, autonomous trip management, digital marketing and distribution support, and an intuitive user interface.
Owners can quickly analyze performance with dynamic reporting tools, compare key metrics and variance over time, and track revenue performance against future goals for proactive and agile business planning. Users can also see and adjust how rates compare to competitors.
The pricing engine optimizes pricing decisions to maximize revenue and save time, with options for owners to customize their own unique pricing strategy. Designed to maximize RevPAR each day, the solution identifies unique seasonality and local events, automatically adjusting rates in response to changes in market demand.
Life House also offers a conversion-optimized website and digital marketing support to increase direct bookings and reduce third party commissions. The websites include intuitive navigation, quality images, responsive web design, and Ad and SEO compatibility. Life House also sets up clients on key booking channels, priced strategically using opaque discounts to increase demand, conversion, and revenue.
“We pride ourselves on our solution and believe that it is best-in-class, especially for underserved small independents. By connecting pricing to marketing and budgeting, we’re helping our clients achieve tremendous success, and the ‘RMS Innovation of the Year’ award from TravelTech Breakthrough solidifies that,” said Chris Cave, CEO of Life House. “Now when every penny counts, we’ll continue to enable General Managers to find more cost-effective ways to run their hotels, and focus on their day job of managing the property. By freeing up tens of hours per week, the result is higher revenues and better guest reviews from happy guests.”
The mission of the annual TravelTech Breakthrough Awards program is to conduct the industry’s most comprehensive analysis and evaluation of the top technology companies, solutions and products in the travel & hospitality technology industry today. This year’s program attracted thousands of nominations from over 12 countries throughout the world.
“Life House’s solution allows you to cover the full pipeline of activities needed for independent hotels. There are so many great indie hotels that are underserved when it comes to complicated revenue management. They need a way to make sure they are optimally merchandised on relevant channels and making optimal use of digital marketing,” said Bryan Vaughn, Managing Director of TravelTech Breakthrough Awards. “Life House provides institutional-quality hotel management and branding services focused on profitability, ease, and long-term real estate value. Their incredible RMS delivers more value than the brightest minds and can do so more reliably, at scale and for a fraction of the cost.”
About Life House
Life House is a vertically integrated hotel management & technology company focused on serving small and medium independent hotels with institutional quality service. Life House uses advanced software & operating systems to increase profitability and reliability for independent hotels. Life House was founded in 2017 by real estate, hospitality, and technology veterans and is backed by world renowned private equity and venture investors. The company is ambitiously investing in its operational systems to make hotels far more profitable, predictable, and seamless for owners. To learn more, visit www.life-house.com.
About TravelTech Breakthrough
Part of Tech Breakthrough, a leading market intelligence and recognition platform for global technology innovation and leadership, the TravelTech Breakthrough Awards program is the premier awards and recognition platform devoted to honoring excellence in travel & hospitality technology products, services, and companies around the world. The TravelTech Breakthrough Awards provide public recognition for the achievements of travel technology companies and products in categories that include Property Management, Reservations Platforms, Airline Operations, Travel Analytics and more. For more information visit TravelTechBreakthrough.com.
Tech Breakthrough LLC does not endorse any vendor, product or service depicted in our recognition programs, and does not advise technology users to select only those vendors with award designations. Tech Breakthrough LLC recognition consists of the opinions of the Tech Breakthrough LLC organization and should not be construed as statements of fact. Tech Breakthrough LLC disclaims all warranties, expressed or implied, with respect to this recognition program, including any warranties of merchantability or fitness for a particular purpose.
