Friday, March 21, 2025 Boutique hotels are revolutionizing revenue management with AI-powered pricing solutions, enabling independent inns to compete with larger chains and achieve remarkable growth and guest satisfaction Boutique hotels and bed-and-breakfasts have always faced stiff competition from large hotel chains with vast financial resources and access to advanced revenue management systems. However, this dynamic is shifting. Independent properties, such as the Devonfield Inn in Lee, Massachusetts, are now utilizing AI-driven pricing technology that was once exclusive to major hotel brands, enabling them to enhance revenue, optimize pricing strategies, and compete on a completely new level.
Transforming Revenue Management with AI Doug Bagnasco, co-owner of Devonfield Inn, had previously relied on manual pricing strategies, making decisions based on intuition and competitor analysis. However, he often found himself undervaluing his property. Seeking a solution, he turned to TakeUp, an AI-powered revenue management platform tailored for independent hospitality businesses.
The results were impressive: within just a year, the inn’s average room rates increased by 15%, without a drop in occupancy or guest satisfaction. AI Bridges the Gap for Smaller Properties For many years, only large hotel chains had access to the sophisticated tools needed for effective revenue management. These tools required dedicated teams of analysts and data scientists to operate.
TakeUp has chan.