Details

Last Funding Type

Seed

Last Funding Money Raised

£2.50M

Industries

Artificial Intelligence,Hospitality,Infrastructure,Machine Learning,SaaS

Founded date

Aug 8, 2016

Number Of Employee

11 - 50

Operating Status

Active

The toughest challenge for a hotel-owner is highly dynamic demand for a fixed number of rooms - some nights your property is half-empty, other times it's booked out weeks in advance. Smart use of pricing, timing, and sales-channels can add more than 30% to annual revenues.

Pace has built the first solution that gives hotels real-time forecasting, price sensitivity analysis, and automation. Now hotel-owners can trust that they are responding rapidly to changes and always getting the right bookings at the right prices.

Pace uses machine learning and statistics to turn pricing into a real-time exploration how to optimally match supply and demand. Their algorithms are proprietary and actively worked on by their science team.

They differentiate by being a tech-led company in hospitality (most competitors are the inverse) and by having a staged path towards the end-goal of real-time automation.