Turbosuite

Turbosuite operates as a booking accelerator and revenue management tool for the hospitality industry, targeting vacation rentals, tourist apartments, and hotels. The company was founded in 2021 by Manuel Martín Florido, who serves as the CEO. The idea for Turbosuite stemmed from Martín's own experience managing tourist apartments in Seville, where he faced challenges with low occupancy and profitability. After finding existing revenue management tools inadequate for the specific needs of tourist apartments, he assembled a team to create a proprietary solution.

The firm's core offering is a SaaS platform that utilizes big data and artificial intelligence to optimize pricing and distribution strategies. Unlike competitors that may base pricing on a small set of local competitors, Turbosuite's system analyzes millions of data points from the entire city, drawing from platforms like Booking.com, Expedia, and Airbnb. Its algorithm considers over 116 different factors to determine pricing, providing up to 60 different price points for various client segments and distribution channels, rather than a single daily rate. This approach is designed to improve organic positioning on online travel agencies (OTAs), increase booking conversions, and enhance control over the types of reservations secured. The company asserts that its technology can lead to a significant increase in client revenue and save property managers up to 15 hours per week for every 10 rooms managed.

The business model appears to be subscription-based, offering flexible pricing options such as a flat fee per property or a percentage per booking. Turbosuite provides a suite of products tailored to different segments, including HotelSuite, AparSuite, VacationRentalSuite, and DataSuite. Headquartered in Malaga, Spain, the company has expanded its presence with offices and professionals in the United States and Latin America. In June 2021, Turbosuite secured €200,000 in a seed funding round led by angel investor Francisco Espinosa, which was intended to fuel expansion in Spain and Latin America and to enhance its system's AI capabilities. The company also won an award for 'Best solution' at the 2021 Hospitality Innovation Exhibition in Malaga.

Keywords: revenue management system, dynamic pricing, hospitality technology, vacation rental software, hotel pricing, booking accelerator, property management, big data analytics, artificial intelligence, channel management, OTA optimization, market intelligence, travel tech, SaaS, predictive algorithm, distribution strategy, booking engine, profitability maximization, apartment rentals, hotel revenue