Oakwood Hospitality Group, the world-class accommodation provider has selected RateTiger Channel Manager for its twelve properties to manage rates and availability across multiple sales channels from single platform.
“We are looking at implementing a channel management system that helps us achieve rate parity efficiently. RateTiger will help us save valuable time and give us a better overview of the market, enabling us to concentrate on the strategic aspects of marketing,” said Tabatha Ramsay, Vice President Sales, Marketing and Revenue.
The group has 28 properties in 15 cities across eight countries and territories, operates under three brand names Oakwood Premier, Oakwood Residence and Oakwood Apartments which offer distinct guest experiences to cater to different lifestyles. Leveraging RateTiger solutions Oakwood Asia can maximize its revenue opportunity and reduce its distribution costs by quickly and efficiently increasing its distribution reach.
Previously, hoteliers have primarily focused upon direct marketing and OTAs, but there’s a new player in terms of hotel channel distribution and it looks like it’s here to stay. Meta search is proving hugely popular with the younger generation who, with perhaps tighter budgets than their older counterparts, are more cost conscious when it comes to travel. There has been a 13 percent increase in meta search traffic in the past year alone, with meta search websites such as Kayak processing almost 1600 million queries annually. It is widely suggested that hoteliers begin to amend their marketing strategies to include meta search in a more prominent role.
To access the full infographic, click Meta-search 2014 – It’s here to stay
Hotelier Middle East conducted the third annual Qatar GM Debate that took place in April at the Grand Hyatt Doha. The team managed to get an impressive lineup of top industry speakers to discuss current happenings in the market including the concern over influx of new rooms in a market already struggling with low demand.
The first session from TRI Consulting focused on exclusive market data from their latest research which brought forth the raw numbers that will be shaping Qatar’s hospitality industry through to 2014. The hard facts and figures set the tone for the rest of the event and it led to very focused and meaningful discussions between speakers and attendees.
The interactive workshops offered significant insights on Delivering Ancillary Revenue and Best Practices of Revenue Management. The panel discussions covered a wide range of topics including how to deliver value through innovative product packages without discounting and leveraging potential of hotel F&B outlets.
Our workshop on Revenue Management & Online Distribution focused on how hoteliers can optimize online bookings. One in six travelers in Middle East today prefers to book online. They visit over 17 websites and check reviews before finalizing accommodation. With the range of choices they get across these channels, it makes it even more important for hoteliers to be visible at every touch point to capture customer’s interest.
However, more channels mean more updates. The respite comes in the form of automated distribution system – a channel manager helps hotels to collect and access the multitude of data in their systems to analyze rates, market pricing trends, competitor selling activities, historical and trend information to achieve the best possible room rates from the most desired guests.
We explained the case of Dedeman Istanbul in Turkey. One of the early users of internet sales channels, they wanted to use a system that would make online channel management easier and also allow access to regular rate reports to see how other hotels were pricing rooms and managing roomtypes and packages. Two years ago, they had installed our rate shopping and channel management tool in their property. The results were immediate and long lasting. Dedeman has since increased revenues by over 20%.
The presentation was interspersed with suggestions and ideas on how to drive direct online bookings and through examples we tried explaining how hotels can optimize product value across online distribution channels.
Another important aspect is the direct competition that the region faces with Dubai – which attracts a major chunk of foreign tourists. Qatar needs to develop an effective tourism campaign to gain more traction and attract the eye of travelers. This is where the role of online distribution comes in – Qatar hoteliers need to leverage the opportunities presented through the internet to reach out far and wide to newer markets and grow its market share – slowly but surely.
With over 220 hotel GMs in attendance, the event was well received and the venue buzzed with lively discussions and animated chatter. The Qatar GM Debate was a not-to-be-missed event, and a great opportunity for everyone to come together to discuss issues that really matter to the industry.
Hisham Diab is Sales Manager – South Africa at eRevMax and has extensive experience in the hospitality industry – having worked with brands like Golden Tulip, Starwood Hotels and Emaar Hospitality Group. He can be reached at firstname.lastname@example.org