L’Uni Appart Hôtel in Quebec City offers guests to the provincial capital with full-service apartments for short term rentals. With a unique product offering and limited historical data to use to determine pricing, Rate Yield was selected as the RMS because of the flexibility in determining pricing recommendations.
While we are happy to say that the next 6 months are pacing ahead of last year, with median revenue growth of 56.4%, the real success story with L’Uni Appart Hôtel is how quickly the hotel was able to see results with Rate Yield.
The onboarding process with Rate Yield is done with our Onboarding Specialist and typically requires approximately three 1-hour calls. These calls are usually done over a two-week time frame to allow the hotel team to discuss the different strategies they would like the algorithm to prioritize. Depending on the level of motivation with internal stakeholders, this process can take a little longer or it can be shorter. In the case of L’Uni Appart Hôtel, they were live within one week of signing their contract with Rate Yield and their rates were being optimized.
From our very first meeting with the Rate Yield team, we knew we were in the hands of true hospitality professionals specializing in Revenue Management. The technology behind Rate Yield has been truly transformative for me, especially as the Director of Operations of a real estate investment company managing multiple projects simultaneously.
With Adeline’s expertise, we implemented successful strategies and saw tangible results in no time. To this day, we continue to receive regular follow-ups, ensuring that our questions are answered and that we remain on the path to success.
I highly recommend Rate Yield to hotels of all sizes looking to optimize their revenue and operations.
— Michael Brideau, Director of Operations, Société d'Investissement Gilbert
Rate Yield is proud to have L’Uni Appart Hotel among their clients and looks forward to working with them to grow revenue throughout the years.
