MyRatesMagic

MyRatesMagic is a game-changing hotel management system - delivered in less than four months - that has helped hotels to reduce their price distribution errors by 99%.

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Headquarters

UK & Europe

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Business size

Entrepreneur

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Industry

Hospitality

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Goal

Operational Efficieny

Challenge

Booking accommodation is easy and intuitive. Consumers have a huge range of options to choose from - both in the accommodation itself as well as apps and websites dedicated to helping them find the best place to stay.

But there are very few equivalents for hotels to use internally. That’s why Richard Bedenham, founder of MyRatesMagic, set out to build a single hotel management system that would provide users with complete oversight of everything going on in their hotels.

He had tried to build it himself but found that this took him away from his core business. He had tried hiring and managing freelancers but found the process time-consuming and the end-result inconsistent. Finally, he tried an app development agency but ended up spending a huge amount of money for an MVP that would not scale with his business.That’s why he approached Builder.ai - for a solution that was 6x faster, 70% cheaper, and would help him.

Solution

In less than four months, we worked with Richard to build a one-of-a-kind web-based hotel management system with a built-in subscription platform.

The solution was scalable. The User Experience (UX) was intuitive and consistent. And the product created a revenue stream that helped to prove product-market fit fast.

Small and medium-sized hotels can use MyRatesMagic to calculate and manage their daily pricing for each individual property in their portfolio. Five powerful hotel management models help users to build and report on the right rate plans that support their businesses.

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Project Overview

Product

Builder Studio

An app like

Airbnb

Features

10 features

Transforming the Hotel Management Industry

Since launching, MyRatesMagic has helped hotels to reduce their price distribution errors by 99%. It’s provided customers with an easy to use, independent, and secure hospitality rate calculation and planning platform - one that has helped hotels to save time and money while driving revenue across-the-board.

Some of the features used

Profile

Users can create and edit basic profile information that’s visible to other users. Good for building identities and helping users recognise each other.

Post creation

Users can create and publish text updates, tag locations, tag friends and upload media. Useful for encouraging conversations and understanding more about the users.

dashboard

Dashboard

See a summary of how the business is performing over different time periods. Uses two key metrics for deeper understanding, such as sales, cashflow, recent activity.

Api Integration

Integrate another piece of software with the product so they talk to each other by automatically sending and receiving data. You can then use or make the data and software available to users. Example: Using Google Maps API to help users find their location.


Discounts & Offers

Display a list of all available discounts and offers. Can be used as a way of boosting customer loyalty and encouraging purchases.

Pricing Engine

Helps you find the right price to sell your items. Works by showing different prices and measuring whether sales go up or down depending on the prices.

catalogue

Order Detail View

Displays a summary of order details. Choose elements such as customer ID, order status, shipment status, product name, size, price.

email

Email login

Enable users to login with an email address and password. Authenticates their identity, and good for user experience (email addresses are easier to remember than usernames).

Sub-categories

Categories & Sub categories

Use categories and subcategories to organise and group data, products, listings or posts. Helps manage large amounts of data, and can benefit users when they want to search and filter items.