The €0.01 per room incident experienced by the Crowne Plaza is a pure example of how human errors can have a major impact on revenue. With the employment of a channel management system the revenue manager would have been able to ensure all rates were accurate across all channels before making the relevant updates.
Systems like ours allow hotels to set a minimum rate per hotel room to ensure typing errors are detected. As the online market place evolves, hoteliers are struggling to keep up, remain agile and control rates. This human error has occurred many times before and without utilising technology to simplify inventory and rate distribution, it is very likely to occur more frequently across the world as the number of channels that need attention increases.
Hoteliers really need to think sensibly during these times, to ensure revenues are optimized. Making mistakes like this will not only have an impact for the hotel itself but will also send the economy into further disarray.
Sascha Hausmann is the COO at RateTiger. He is a specialist in online distribution systems in Europe and the US and is looked upon as a trusted advisor. Sascha handles international operations and strategic alliances for RateTiger and speaks at various events. He is based in Germany, and also spends time across eRevMax’s international offices, mainly in America and the UK.