Intuitive rate shopping tool delivers billions of rates via easy-to-use, Hotelligence360 cloud-based platform
NEW YORK, Feb. 28, 2012
NEW YORK , Feb. 28, 2012 /PRNewswire/ — TravelClick, a leading global provider of revenue generating solutions for hoteliers, announced today the launch of its Rate360 (www.TravelClick.com/Rate360) hotel rate shopping product. Rate360 seamlessly integrates ten billion hotel rates from more than 400 sources onto a simple, easy-to-use platform to enable hoteliers to best manage their property's pricing strategy and ensure rate parity across multiple channels.
Rate360 provides the most up-to-date future rate data along with a rich historical set of rate data on the industry's leading business intelligence platform – Hotelligence360. The Hotelligence360 platform delivers an array of business intelligence products through a single, intuitive user interface.
The cloud-based software allows hotels to utilize data in the way that suits them best: by either managing only critical items or by drilling down for more in-depth data with guided analytics and flexible filtering. Additionally, Rate360 can be seamlessly integrated into a hotel's revenue management system, enabling hoteliers to make revenue optimization decisions with the best data.
“As hoteliers know well, a hotel's rate strategy is often the difference between profit and loss,” commented Erik Lindquist , Senior Vice President of Business Intelligence Solutions at TravelClick. “TravelClick recognized that the market needed a new solution to help hoteliers manage rates and availability. By aggregating the best data on the most easy-to-use platform, Rate360 quickly and effortlessly executes in seconds what would take hours to research manually. Rate360 provides hoteliers the business intelligence they need to price rooms effectively, monitor rate parity, and stay ahead of their competition.”
Rate360 allows hoteliers to obtain the right information at the right time to inform key rate decisions through an array of reports including:
- 30-Day Rate by Arrival reports to compare daily pricing against competitors
- Length-of-Stay Pricing reports to determine whether to change rates based on length of stay
- Year-Over-Year Pricing reports to compare both the hotel's and the competitors' pricing strategies based on data from the same time the year prior
- Rates and Inclusions reports to monitor competitors' specials
- Additionally, users can create custom reports to meet specific needs
“An effective rate shopping tool is fundamental to a hotel's success. It empowers hoteliers to make smarter, better informed decisions, to optimize room rate revenue and to ensure that their pricing is reflective of their brand,” concluded Lindquist.
Users have many choices when using Rate360 including accessing web-based reports, scheduling reports to be emailed directly or setting up email alerts to be notified of key exceptions.
Currently more than 22,000 hotels rely on TravelClick's business intelligence products to stay ahead of their competition. Rate360 will be made available to all TravelClick customers in the coming weeks.
About TravelClick, Inc.
TravelClick (www.TravelClick.com) is the leading provider of revenue generating solutions for hoteliers across the globe. TravelClick offers hotels world-class reservation solutions, business intelligence products and comprehensive media and marketing solutions to help hotels grow their business. With local experts around the globe, we help more than 30,000 hotel clients in over 140 countries drive profitable room reservations through better revenue management decisions, proven reservation technology and innovative marketing. Since 1999, TravelClick has helped hotels leverage the web to effectively navigate the complex global distribution landscape. TravelClick has offices in New York , Atlanta , Chicago , Barcelona , London , Dubai , Hong Kong , Houston , Melbourne , Orlando , Shanghai , Singapore and Tokyo . Follow us on www.twitter.com/TravelClick and www.facebook.com/TravelClick.
KCSA Strategic Communications
SOURCE TravelClick, Inc.