The degree of rate parity observed for European hotels between their brand websites and the OTAs show variation by location in the March 2016 report. Dublin at 23% & London at 13% though were cities, where 3-star hotels maintained parity but the number of hotels practicing parity is paltry, while Helsinki and Dublin (again) emerge…
Navata, Spain: Torremirona Golf & Spa Resort, a Navata-based hotel, recently joined hands with RateGain. The Spanish hospitality service provider will be leveraging RateGain’s SaaS-based cutting-edge revenue management suite to drive its overall business value. A world leader in travel and hospitality software, RateGain Travel Technologies, was chosen as the preferred technology supplier for Torremirona…
Airbnb is a common platform that connects Bed & Breakfast lodging providers (could be homeowners subletting a room, entire accommodation, etc.) with potential customers who look for alternate lodging. It works on platform business model and derives its revenues from commission 12% from hosts and 3% processing fee to customers. Airbnb has introduced PriceTips; works…
RateGain Travel Technologies is a proud winner of the prestigious India’s Emerging 20 awards – IE20 2016. The company has been recognized to have delivered the most cutting-edge and innovative SaaS solutions to drive business value for travel companies and hotels across the globe, and help transform the way they do business. Its portfolio of…
Managing all room & rate combinations across multiple platforms is a task that generally falls in the lap of a Revenue Manager (RM). When a hotel has its RM updating room-rate combination on its distribution platform manually then they are wasting the time, which RM should have spent in strategizing. Most hotels today realize that and…
Perishability and limited inventory are two most important aspects of hotel business & thus pricing of a room becomes one of the most important KPIs for a Revenue Manager. Thus, hotels cannot be living in silo and not monitor what their competitors are pricing and offering their prospective guests. It’s no secret that hotels offer…
With the shelf life of a single day for a hotel room, hoteliers aim to maximize its value. And, forecasting is the key driver of the pricing/inventory management decisions. Agree? Any inaccurate forecast(s) can lead to reduced profit margins for your hotel business. If you’re among those hoteliers who have not tried effective hotel room forecasting…