Category: Hotel Channel Management

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Hotel Business Intelligence – The starting point

What is Hotel Business Intelligence (BI)?

Business Intelligence refers to relevant data – past, present and future, from different sources or hotel systems, that helps hotels to analyze and take meaningful business decision.

In todays’ world, business intelligence plays an important role for hoteliers to improve their revenue in a smart way. It helps hoteliers to draw insights and make better decisions. In-depth BI requires proper tools and investment to help drive a hotel’s revenue. BI plays an even bigger role for hotel chains and groups – where the headquarter is managing multiple properties and need to understand occupancy trends, rates and predictions to be able to define forecasts and budgets accordingly. The different system that a hotel uses to draw upon its BI data include –

  • PMS
  • CRS
  • RMS
  • POS
  • Sales and Distribution
  • Market Intelligence
  • Accounting, Budget and Forecasting
  • Market Reports
  • Competitor rate reports
  • Occupancy trends

The main benefits from leveraging business intelligence are:

  • Effective data management and analysis for clarity in decision making
  • Clear directions on daily targets for occupancy and revenue
  • Clarity on guest profile, booking journey, preferences and customer loyalty thereby giving scope to hotels for enhancing guest experience
  • Plan campaigns and promotions for marketing based on guest data
  • BI also helps identify cases of fraud, poor performance in a timely manner
  • Multiple Reports available at the click of a button as required

Advanced BI tools are platform-based giving hotels a consolidated view of their business. It allows for multiple systems to be integrated so that they talk to each other to provide relevant data in various formats for easier consumption.

Invest in a smart BI solution to take your hotel business to the next level. To know more about which solutions to opt for, contact us today on marketing@erevmax.com

 

 

 

 

 

 

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eRevMax completes integration with Argentinian Booking Engine

Interface with Div-it to allow hotels manage their booking engine from RateTiger

eRevMax has completed 2-way integration with Argentina based internet booking engine developer Div-it. Hotels using RateTiger and RTConnect, can leverage this interface to make real-time rate and availability updates and receive bookings generated on their direct channel directly into their property management systems.

Buenos Aires based Div-it is one of the upcoming internet booking engine providers catering to over 200 hotels in Argentina and Uruguay. The Div-it booking engine features rich functionality, content customization with real-time reporting, and is fully manageable from the RateTiger dashboard.

“Our interface with RateTiger will be beneficial for our partner hotels to quickly and efficiently manage room rates, availability and restrictions to their direct channel. In addition, connecting with the eRevMax Hotel Ecosystem will give us the opportunity to explore new supply partners and improve our global inventory supply,” said Nicolás Boccacci, CEO, Div-it.

“Latin America is a growth area for us. We are connected with some of the biggest OTAs and PMS providers in the region.  Being a preferred connectivity partner of Div-it will further improve our portfolio in the region. A greater number of hotels can now leverage the benefits of our Ecosystem while streamlining their distribution efforts,” said Ashis Saha, SVP – Project Management, eRevMax.

eRevMax offers seamless connectivity with over 350 OTAs and 90 technology providers. The company is developing its connectivity solutions to offer sophisticated real-time revenue management functionality to the hospitality industry. This includes solutions for the independent market and scaling up through the Tier One enterprise hotel groups. eRevMax’s Channel Ecosystem facilitates quality certified connectivity and relationship management services to support complex revenue generation strategies.

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A Tale of Two Technologies

How the Seamless Merger of Hotel Systems Leads to Better Results

The travel and hospitality business might have started small, with people lending a space in exchange for a certain tribute, but it has now reached a point in history when it is completely reliant on technology. Between a multitude of hotel systems and software that have become absolute necessities in the 21st century, many hoteliers might feel somewhat lost or overwhelmed. So many options, so much to do, so little time.

In a time like this, the integration between technologies is not only welcomed by both hoteliers and travelers, but it is also deeply needed by the industry itself. In an effort to save time and increase efficiency, as well as strive for a wider, global exposure, hospitality technology providers are partnering up and creating intelligent connections like never before.

In 2016, eRevMax and TrustYou, two leading companies in the hospitality field, started a collaboration that, to this day, results in benefits not only for them but for a high number of hotels from all over the world. By merging TrustYou’s guest feedback platform with eRevMax’s hospitality operating platform, hotel managers can oversee and manage various hotel operations like revenue management, online distribution, as well as their hotel’s online reputation among various other segments.

eRevMax’s platform, LiveOS, works around the “Profits in Unity” concept, which means that it gathers dozens of technology providers and partners in one place, for easy access and increased efficiency to “Make Life Simple” for Hotels. From PMSs, RMSs, OTAs, to ORMs like the TrustYou platform, LiveOS has currently more than 50 technology partners integrated.

So why is it so important to merge systems and software and how exactly does it pay off? It’s not a secret anymore that we live in a fast-paced world and that modern hoteliers and consumers are in a constant rush. While having so many technologies to rely on, signing into different platforms multiple times a day can be an unnecessary and time-consuming process.

eRevMax’s vision is to enable hoteliers to have access to a more complex and intuitive tool, in order to manage a multitude of hotel operations from a single sign-on platform. Users can select and use their preferred technologies, even ones that are not owned by eRevMax, therefore enjoying a customizable and personalized experience. The platform provides real-time updates and it also flags any arising issues, to bring immediate attention to them.

In the last two years, TrustYou’s guest feedback platform was used by eRevMax customers, through the LiveOS platform. Hoteliers can keep track of their hotel’s overall score and reputation while getting real-time updates about guest reviews. Receiving valuable insights into the guest journey is for many hoteliers the first step towards adjusting future strategies and services, in an effort to exceed expectations and improve the reputation – which, in the long run, leads to more booking and a higher revenue.

LiveOS users have free access to features integrated into the TrustYou feedback platform. Moreover, when accessing the TrustYou data inside LiveOS, users get an overview of their hotel’s overall score, along with the exact number of verified reviews that determined it.

The incoming reviews are displayed in the TrustYou dashboard and highlighted, in order to create a thorough examination of the best services provided and the ones that need improvement. This way, certain features, such as the location, the breakfast, the pool area, get their own score and guest sentiments. The feedback is also structured by language and by traveler type, such as business travelers, families, couples, etc.

Beyond the analytical part of the feedback platform, LiveOS users can also opt to use the TrustYou Stars Lite feature, which enables the use of a customizable guest survey. Hoteliers can encourage guest feedback by asking for reviews and opinions, through a quick and efficient survey – which TrustYou’s latest study revealed to be the best way of getting positive feedback.

Only one year after LiveOS users started to utilize the TrustYou survey tool, the overall number of collected reviews had almost tripled: from 1878 reviews in 2016 to 6990 in 2017. This comes as a confirmation of the necessity and utility of a guest survey, as a tool to get valuable guest feedback.

This seamless integration between two leading hospitality technologies has proven to be most beneficial for both eRevMax and TrustYou, as well as hoteliers from all over the world, who use and rely on LiveOS and the TrustYou feedback platform. eRevMax has enabled a way for users to make the most out of their software and have every single technology necessary available with one sign-in. Their portfolio provides every technology that impacts the guest journey, as TrustYou’s latest eBook described it.

TrustYou’s leading guest feedback solution gets more exposure through LiveOS and reaches a larger number of hoteliers, interested in managing, overseeing and improving their online reputation.

And hoteliers, well, they get best of both the worlds. By being able to make use of multiple must-have hotel technologies in one place, they not only save valuable time, which can be invested in other areas, but they also improve operations, manage and boost the hotel’s reputation and work towards achieving better results, more popularity, bookings, and revenue.

 

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Why Hotels need Channel Manager?

In today’s tourism sector, OTAs are playing a major role and big OTAs like Expedia and Booking.com have dominated the travel market. So, it is a must for hotels to opt for OTA services. Additionally, it is not possible to get enough bookings from one OTA, so now hotels must connect with multiple OTAs which makes it difficult to manage the inventory manually. Hence comes the role of a Channel Manager.

A channel manager helps you to implement yield management techniques effectively i.e. to sell the right room at the right time at the right price on the right channel.

Channel Manager helps to boost occupancy rate. It pushes room inventory and automatically updates all rates in respective OTAs in real- time.  Even a channel manager gives more opportunities to hoteliers to connect with more OTAs to expand visibility and earn more revenue.  Room rates and availability get updated across all platforms in real-time. Along with Channel Manager, a hotel can connect with more systems like PMS, GDS, RMS, CRS, Rate Shopping and Meta Search sites.

Key Benefits of using a Channel Manager –

  • Manage availability and rates for OTAs from one dashboard
  • Efficiently close availability at the click of a button across all channels
  • Expand online visibility by selling on multiple channels
  • Maximize hotel revenue by smart management of rate
  • Increase occupancy level with clever distribution strategies
  • Eliminate overbooking situations by using pooled inventory feature
  • All updates made in real-time without logging into multiple extranets
  • Bookings from channels delivered directly into PMS
  • Inventory status always up to date in the PMS
  • More time to focus on strategies rather than updating channels
  • No risk of human errors when updating rates or inventory on channels

A Channel manager also helps you to connect to channels that bring more business to your country – thereby putting your hotel in front of international travelers. Considered one of the best hotel channel manager in the market, RateTiger is integrated with more than 350 OTAs and working closely with 9000 hotels globally. It is the connectivity partner of choice for large hotel groups, mid-scale chains as well as independent properties in both luxury and budget segment worldwide providing solutions through its core product brands – RateTiger and LiveOS.

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VHP Announces Connectivity Integration with RateTiger

SUPRANUSA SINDATA, leading provider for hotel management system in Indonesia and eRevMax, a hotel distribution and connectivity expert has announced the integration of VHP – Visual Hotel Program and RateTiger Channel Manager.

RateTiger offers real-time monitoring of room availability, room rates, and restrictions across all connected online travel channels. The system is now connected to VHP PMS which allows hoteliers to quickly and efficiently manage all reservations, eliminating manual data entry.

“This integration with Visual Hotel Program (VHP) by PT. SUPRANUSA SINDATA, one of the leading property management systems in South East Asia, complements our continuous effort to provide hoteliers with technology that makes their business easier to manage and more profitable,” said Ashis Saha, Senior Vice President – Project Management at eRevMax.

“The integration with RateTiger – eRevMax will assist our hotel customers to have a better online reservation experience through vast network of volume-producing and branded online travel agent (OTAs),” commented Dipl.Ing. Christian Yie, Business Development Director of PT. SUPRANUSA SINDATA.

The seamless connectivity between VHP PMS and RateTiger eliminates the need for accommodation providers to maintain online inventory manually across OTAs, metasearch and GDS channels, and manually re-enter online reservations from booking websites into their PMS. This results in immense time saving, reduced overheads and resources, as well as avoiding manual mistakes, giving hotel revenue managers the time to focus on revenue strategy rather than distribution efforts.

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HospitalityUnited.Club highlights OTA duopoly in American Online Hotel Booking Space

HospitalityUnited.Club, a consortium of travel technology companies, has published an e-book titled ‘USA Travel Trends 2018’ highlighting key travel metrics and indicators in the region, in partnership with HRS Group, LiveOS, RateTiger and Sojern.

The e-book highlights the dominance of Expedia and Booking.com group companies in the USA online hotel booking space, controlling almost 95% of the OTA market.

The e-book shows that while traditional channels like voice, call center and tour operators are still preferred means of hotel reservations, growth of online booking is outpacing them by over 300%. Interestingly, unlike Europe, hotels are getting more online bookings through their brand website, indicating robust digital presence.

While metasearch remains strong as ever, Google has emerged as a serious channel, ranking first, when travellers look for pricing information. The search engine is also sending the most qualified leads to the hotel websites, even though, metasearch channels are dominated by OTAs.

The e-book also highlights that inspite of being one of the most matured online markets, one out of three people still feel uncomfortable booking hotels on mobile. This explains why mobile booking growth is lower in USA when compared to APAC.

To get more interesting insights, download the free infographic here.
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Hotel Beacon NYC recommends RateTiger as the most effective channel manager

 Hotel Beacon, a landmark in New York City has highly recommended RateTiger for managing online channel connectivity. The upscale hotel has been using RTConnect for 2-way XML connectivity between its property management system and online sales channels for the last three years to effectively manage all its demand partners seamlessly.

Located in  Upper Westside, right next to Beacon Theater, the hotel with 284 rooms, caters to tourists and business travelers. Given the intense dynamic nature of New York’s hotel market, it has become imperative for the hotel to maintain rate parity and online availability across all major sales channels and metasearch sites. The revenue management team is leveraging RTConnect to update rates and inventory in real-time and receive reservations directly into the PMS thereby giving a clear picture of actual availability at all times. They are also using the advanced analytics available on the LiveOS dashboard to fine-tune their pricing strategy, monitor their booking pace and performance in real-time.

“We highly recommend RateTiger by eRevMax to anyone looking for an effective, online channel manager. We are very pleased with the personalized support and excellent response time, due to which they seem like an extension of our own team,” stated Milja Perkovic, Director of Revenue Management, Hotel Beacon NYC.

“As a technology partner, we are committed to empowering our customers for all their connectivity needs. Being trusted by a prestigious property like Hotel Beacon NYC for streamlining their online distribution shows how well we deliver when it comes to best-in-class technology and premium customer service,” said Alex Moura, Regional Sales Director for North America at eRevMax.

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eRevMax expands meta-search distribution platform with MyHotelShop


Hotel distribution expert eRevMaxhas established 2-way connectivity with leading meta-search management solutions provider MyHotelShop. Mutual hotel customers can now update rate and availability to TripAdvisor, Trivago and Kayak to get more direct booking traffic through RateTiger and LIVE OS interface. 
MyHotelShopis a leading meta-search bid management solution provider in Europe currently serving around 1400 properties. This integration is another addition to eRevMax’s expanding partner ecosystem which provides hotels 360-degree solutions for distribution and revenue management. eRevMax provides seamless connectivity to all categories of third party booking sites (OTAs, Wholesalers, GDS, Tour Operators, Social Media, Metasearch sites) from a single platform. 
“Meta-search engines have become an important marketing channel for hotels. Following this integration, hotel customers can leverage the real-time rate and availability distribution across multiple meta-search sites. Due to the complexities of Bid Management process, a managed service for meta-search channels makes it easier for hotels from a digital marketing perspective based upon a monthly advertising budget,” said Ullrich Kastner, Managing Director & Founder, MyHotelShop. 
“This integration give our hotel clients a bid management solution for better positioning in meta-search channels and drive potential guests to brand website for more direct bookings. It is a highly effective tool that will allow our customers to reach out to a much larger audience and offer an extended scope for improving direct bookings through an eco-system of meta-search sites,” said Ashis Saha, SVP – Project Management, eRevMax.
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DusitPrincess Srinakarin Bangkok Hotel recommends RateTiger for channel management and rate data


DusitPrincess Srinakarin Bangkok Hotel, a part of Thai Hospitality Brand “Dusit International”, has improved its online business leveraging eRevMax solutions. The hotel is using RateTiger Channel Manager to update rates and availability across connected channels and receive reservations. The property is also leveraging RateTiger Shopper to monitor competitor rates across channels.
Located in a prime business district in Bangkok, DusitPrincess Srinakarin Bangkok Hotel caters to business and leisure travellers. RateTiger’s seamless connectivity with all leading OTAs and meta-sites allow them to be visible in all relevant channels for maximum exposure. The in-built booking trends and business analytics data give the hotel key market insights to make informed decision.
“We have been using RateTiger Channel Manager and Shopper for online distribution and rate benchmarking. The products are very simple and easy to use. We can manage all our channels in real-time and ensure we are not losing business to competitors. I can recommend this tool for any hotel that wants to effectively manage online revenue,” said Kanokwan Opassakulchai, Assistant Revenue Manager atDusitPrincess Srinakarin Bangkok Hotel.
“Making online distribution management easy for hoteliers has remained our mission for the last 15 years. We have invested in building stable connectivity with over 350 OTAs and technology providers. Our solutions simplify operations, improve efficiencies and give hoteliers time to focus on strategy,” said Ram Mohan Dubey, Regional Sales Manager at eRevMax.
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Dubai based star hotel experiences 600% growth in online business with RateTiger

Astoria Hotel in Dubai shared recently that it experienced 600% growth in online business over the last 3 years with RateTiger channel management and rate intelligence solutions.
Alankar Borkar – Manager –Sales & Reservation at the hotel says “Rate parity & accurate inventory management are must to maintain your property at par with your competitors, specially clusters like Bur Dubai which are very price sensitive. Being heritage property in Dubai was a tough transition period for us to market on dynamic platforms – we can say eRevMax – RateTiger is our most important partner in this transition. We have stretched our online market to 38 % in the last 3 years due to excellent support & tools from RateTiger. We highly recommend RateTiger products especially in Dubai.”

Astoria Hotel is a three-star property with over 100 rooms. RateTiger’s real-time connectivity with over 300 online sales channels has facilitated the property to connect to the better producing OTAs, resulting in an increase in online business share from 5% to 38% over 3 years’ period.

The Middle East is the fastest-growing region for travel with the UAE being the dominant market. With over 15 million overnight visitors, Dubai has seen double digit growth in mid-market travel segment. RateTiger solutions have enabled Astoria Hotel to maintain real-time rate and availability in OTAs based on sound business intelligence.

Ali Kansou, Regional Sales Director at eRevMax will be present at Arabian Travel Market in Dubai from 24 – 27 April 2017. To set a meeting, contact marketing@erevmax.comtoday.