London, United Kingdom, March 14, 2009 --(PR.com
)-- RateTiger today announced the availability of RTCorp a tool that is designed to help hotel groups and chains to monitor and control group-wide online distribution activities, performance and benchmarking.
The new software tailored for corporate headquarters of hotel companies gives managers the insight and overview to determine trends in online sales across their property portfolio and identify how well individual hotels are controlling their channel management processes.
Launched today, RTCorp enables managers to view rates of all the group’s properties displayed across branded websites, hotel sites and different travel sites. This will enable the hotel chain to monitor and maintain a consistent pricing strategy online. At the tip of a finger, corporate revenue managers can determine market positions and whether hotels are obeying corporate rate policies
The product will also show hotel rankings on various travel websites. This helps to determine whether properties are gaining maximum exposure on channels they sell on. Corporate managers will receive reports on page ranking and location for the hotel rates listed on a specific website sorted by day – within a selected date range.
RTCorp will help hotel groups become more confident in selling on third party distribution channels that have potential for bringing a significant return. RateTiger has identified that hotel headquarters have traditionally found it a challenge to effectively monitor online rate and sales strategies of hotels distributed across many different internet channels.
“It is common practice that all hotels managed by a corporate entity have to abide by certain group wide set distribution policies. These guidelines and policies are often-mandatory requirements and usually installed to ensure brand consistency across the group,” said Sascha Hausmann, COO. “Hoteliers are implementing many different strategies to maintain revenue and occupancy levels. Revenue strategy concepts implemented like BAR, rate parity and lowest rate guarantee need to be monitored frequently to assess the return but also to control efficient implementation by hotels within the group. RTCorp now provides decision makers with the tool to automate such tasks.”
RTCorp also provides an overview of RateTiger Products usage within the group. Corporate headquarters can therefore easily assess whether recommendations are executed on a frequent and timely basis ensuring the products are maximized to their full capabilities.
RateTiger has been a leader in online distribution management tools since 2001 and continues to pioneer new technologies for the hospitality industry. RateTiger, by eRevMax, now operates in 60 countries and 415 cities across the world and has become the industry-wide benchmark for managing online distribution. The RateTiger product portfolio enables hoteliers to switch from a time-consuming and complicated multi-channel process to a single point of entry to the market, hence allowing for easy update of distribution channels and travel portals, and rate comparison with competitors, in real-time.
Features and Functionality
RateTiger is known for its innovative product offering that allows hoteliers to:
• View current inventory allocation and rates at multiple Web sites on one screen
• Allocate rates and inventory to maximum gain
• Maintain rate/room type plans to reduce manual interference during updates
• Update revised allocation and rates in real-time
• Maintain an updated log of competitor updates
• Access summarized reports to view entire inventory positions
• Access built-in extranet rules, allowing users to adhere to each site’s capabilities and restrictions
RateTiger is headquartered in the U.S., with an office in London and technical development center in India. eRevMax employs more than 170 people across the globe. RateTiger is rapidly expanding across the European and American markets. For more information please visit http://www.ratetiger.com.