Download our complimentary e-book on how to leverage pricing for profit optimization
Hotel revenue management relies heavily on accurate market intelligence. Being aware of competitor price movements and change in their distribution strategy is important for any hotelier to stay ahead of competition of multiple sales channels.
Given the perishable nature of hotel inventory, it is important to optimize room pricing such that it is in sync with market demand and is attractive enough for potential guests to make a booking. Hotels today offer multiple room rates for different room types – so tracking these different room-rate combinations across your competition manually can be a herculean task and hence arises the need for an efficient and automated rate shopping tool that can fetch you rates in real-time for apple-to-apple comparison.
With the current range of price intelligence solutions available in the market, hoteliers are spoilt for choice. To assist with your decision making easier – we present our complimentary e-book – ‘Shopping Matters – The Power of Real-time Hotel Rate Intelligence’ that will help you to know more about –
- Importance of real-time rate intelligence
- Understanding the marketplace to fine-tune your rate strategy
- Why rate shopping tool is crucial to your profit optimization
Download the ebook today – https://www.erevmax.com/travel-solutions/erevmax-shopper-rateintelligence.html
Sweden Hotels, the personal hotel chain of Sweden has endorsed RateTiger as its preferred Channel Manager for all its affiliated properties across the country. Founded in 1977, the group has over 60 properties with three-and four-star hotels spread across Sweden all starred under European Hotel Stars Union.
“RateTiger Channel Manager and Rate Shopper products are amongst the best available in the market for hoteliers who want to retain control of their rates and availability being marketed and sold through various booking channels. The purpose of this strategic partnership is to make it easier for our member hotels to select the most suitable technology solution to find their best match in channel management solutions,” said Eva Palmgren, CEO, Sweden Hotels.
The leader in online distribution, channel connectivity, market intelligence and revenue management solutions, eRevMax’s flexible, multi-platform solution to manage online sales and exposure, has been used by over 20,000 hotels across the world. This endorsement from Sweden Hotels will allow all member hotels of the chain to streamline their online distribution through rate shopping, channel management, reservation delivery and guest review management and expand their distribution network.
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H10 Hotels, one of the largest hotel groups in Spain, has selected eRevMax to increase their online business and distribution exposure. “RateTiger has really helped us to save time and respond to market dynamics. It is faster than any other channel manager when it comes to updating rates.” said Meri Ferrando, Sales Manager, H10 Urquinaona Plaza.
Real time connectivity is directly impacting on H10’s sales, maximising take up on last minute availability to enhance profits from this operational area. Two new properties of H10 Group, Urquinaona Plaza and Port Vell hotels have been using RateTiger Channel Manager to centrally manage rates and availability in real-time across all connected channels. The properties are also utilizing the eRevMax Channel Eco-system, which offers two-way seamless connectivity with global OTAs to reach out to new markets.
Read the full story here.