Dynamic pricing across your digital channels is the way forward.
Consumers ordering on 3rd party delivery channels have been conditioned to pay higher prices and to accept that prices are variable.
Do you remember when Expedia, Hotels.com, Travelocity, Orbitz and others infiltrated the travel industry with promises of finding "the best deal" for customers? They charged travel suppliers high commissions and did not share customer data. JUICER's team helped the largest hotel brands navigate that situation. Now, we're doing the same for restaurants with third party ordering (3PO) partners like Uber Eats, Doordash, GrubHub and others. A static pricing strategy on these channels is like flushing money down the drain. Let us show you how to get the most from these dynamic marketplaces.
Our experienced team of hospitality professionals help you solve your operation's most complicated pricing challenges.
We believe in empowering the restaurant industry with a blend of advanced AI technologies and personalized care. We infuse AI technology advancements with our deep understanding of the hospitality industry's unique challenges and opportunities. After all, every menu pricing decision should enhance your operation's profitability while keeping your guests fully satisfied.
Here's how we do it:
Real Hospitality Expertise:
JUICER isn't just a technology provider; we're your partner in the dynamic world of restaurant revenue management. We've been in the trenches and our solution is crafted for those who value the blend of data-driven technology and the nuanced understanding that only an experienced team passionate about hospitality can provide.
Dynamic Pricing on 3rd Party Delivery:
Unlike other digital channels, consumers ordering on 3rd party delivery channels expect prices to fluctuate. JUICER's advanced technology optimizes price per menu item, per channel, per location, per hour.
Advanced Data Analysis:
JUICER harnesses vast amounts of sales and external data, like weather and events, to model how these factors influence various aspects of the business including customer ordering behavior.
JUICER built pricing algorithms with historical data, current market trends, and predictive indicators for the most accurate sales volume forecasting at a menu item level, per location, per channel, per hour, for your restaurants.
Frequent Menu Updates:
Cost and market conditions are shifting fast and six-month menu reviews are no longer enough. JUICER analyzes and updates pricing on digital channels like digital menu boards, kiosks, drive-thrus, and 1st party channels weekly, bi-weekly or monthly.
Customer Feedback Integration:
JUICER systematically analyzes customer feedback and sentiment, providing insights into price sensitivity and overall satisfaction, which is critical for fine-tuning pricing strategies.
Ongoing Monitoring and Adaptation:
JUICER is designed for the dynamic nature of the restaurant business, offering continuous monitoring and easy adjustment of pricing strategies as market conditions evolve.
Real-Time Market Data Utilization:
JUICER integrates real-time market data and your own pricing parameters to ensure that pricing decisions are always based on the most current information, keeping the restaurants agile and competitive.
Our Revenue Management Solutions
JUICER PRICING is our data-driven pricing solution that optimizes menu prices across all digital channels, including dynamic pricing on 3rd party delivery, enhancing profitability while sustaining customer satisfaction.
JUICER COMPETE provides hyper-local AI-driven competitive intelligence, enabling restaurants to stay ahead with real-time menu pricing insights and recommendations on a local, regional, and national scale.
Can You Afford Not To Consider a Dynamic Pricing Strategy for 3rd Party Delivery?
In channels where margins are razor thin, menu price changes have a particularly significant impact on a restaurant chain's profitability. The key is understanding how such changes affect revenue, profit margins, and customer sentiment.
Consumers have been trained that prices in 3rd party delivery channels are higher, and fluctuate frequently. Implementing the right pricing strategy in these channels is more critical than ever to take advantage of the additional revenue available. JUICER uses proven technology to forecast menu item sales at a granular level, and calculates the ideal price per menu item, per channel, per location, per hour, to optimize 3PO (3rd-party ordering) and maximize profitability.
News and Announcements
[San Francisco, CA February 28th, 2024] — JUICER modernized restaurant revenue management by...