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OnLiners@ibiza

I was invited to Ibiza last month for the OnLiners event where online marketing and distribution companies got to meet and interact with local hoteliers. The idea was to introduce hoteliers to the online selling opportunities and the huge potential it holds for them.

Ibiza is a small island where the local travel agents have been the only distribution channels for hoteliers. With online travel gaining momentum globally and OTAs offering attractive distribution options, many local hoteliers are eager to explore and make the most of online opportunities. Some however are wary and still very tied to tour operation contracts and guaranties and cannot play with their prices and allotments.

Various OTAs did presentations for hoteliers, showcasing benefits they offer and how they help them reach out to wider audiences. We did a presentation on how to sell online and importance of managing channels efficiently. Specific focus was paid on online distribution and marketing initiatives that will help hotels generate bookings and garner better revenues.

Overall it was a great networking platform for all involved to come together and share ideas and experiences for the benefit of others. 


Cristina Hernández is Sales Manager – Spain at eRevMax and is responsible for sales of RateTiger products in the region. She can be reached at cristinas@ratetiger.com
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V Jornadas Universitarias – Revenue Management: A new management philosophy to crisis management

Last month I attended the V Jornadas Universitarias which took place at the Universidad Rey Juan Carlos in Madrid. The event focused on various hotel technologies and how the application of these technologies along with revenue management techniques can help hoteliers to cope up in difficult times.

With an excellent speaker line-up the event turned out to be very fruitful for all attendees. Professionals from companies like Vincci Hotels, NH Hotels, InterContinental Madrid Hotel (IHG Group), RateTiger, Marketing Surfers/Buzzturistic, ITH, Hosteltur and Sol Meliá shared their knowledge and experience and gave fantastic presentations on their chosen subjects. My presentation focused on the importance of rate shopping, benchmarking and the future of hotel business intelligence.

Today’s paradigm in the hotel business is focused on price optimization where:
•    Price is a function of demand and demand is a function of price, and 
•    Decisions should be based on demand, availability and relative competitor price positioning. 

Apart from the current challenges of managing data and various systems, hoteliers are further facing the obstacle of silos throughout our companies. We only get to see a small piece of the big picture. The need is for, and in a few cases the trend is towards, a strategic integration of revenue management, marketing and guest analytics.

In a world where consumer segmentation is becoming difficult and distribution is becoming increasingly complex, how will hotel executives keep up? Through business intelligence!
 
Business intelligence is moving towards providing:
•    Better industry benchmarks centered on profitability, not just revenue
•    Market relevant price optimization tied to distribution strategy
•    Behavioural economics and neuromarketing embedded into pricing and marketing decisions
•    Integrated technology with CRS, RMS, PMS, POS, social media, loyalty and sales data all blended into one system and/or data source

Hence what we try to derive here is that – to achieve better benchmarking, optimized pricing and integrated behavioral economics, hoteliers need to focus on integrated technology systems.

Further the conference saw hoteliers discussing the growing trend of new positions coming into being – the likes of Community Manager, Channel Manager and Guest Experience Manager are making inroads into the organizational structure of companies.

Pilar Sanchez Aita is Sales Manager – Spain & Portugal at eRevMax and is responsible for sales of RateTiger products in the region. She is based out of Madrid and can be reached at pilara@ratetiger.com.


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RateTiger @ ITB Berlin 2011

As the organizers describe – “ITB Berlin is THE B2B-Platform for trade visitors – an excellent opportunity to meet business partners and to do business. For all other visitors ITB Berlin is a wonderful possibility to discover the whole world within a few hours.” I completely agree with the event’s definition based on my experience at ITB Berlin 2011.

This year had a buzz like no previous that I had attended – this was my third time in Berlin for this mammoth travel event and no longer did we have people wander past our stand asking us what is channel management? Instead hotels wanted and needed a channel manager. This was such an amazing positive change for us and the industry. 

We had over 6 journalists come by for conversations with us to discuss some of the key trends in social media, new digital sales techniques and integrated channel management technologies. Many were very interested in the NH Hotels implementation of our tools.

Siew Hoon of Web in Travel stopped by and we had a vibrant conversation on how we can best educate hotels and make them into more informed buyers – so it looks like I have a lot of work on my hands to create more content and informative articles.

Among the various topics of discussion, I attended two sessions as part of the hospitality distribution programme; Holiday Hotels and Online Booking Behaviour that showed how the online buyer has changed and should not be stereotyped however it did find that expensive luxury trips are still more frequently being purchased offline – from findings by GfK Research Panels.

I also attended Social Media and Mobile Devices and the types of people using these for booking and research; it was interesting that only a few years ago we were saying that ‘nearly’ 50% of travel is booked online, now we are saying ‘over’ 50% of travellers are engaging with social media and consumer travel reviews that is having a major affect on purchase decisions both before and during the holiday.

We had so much to talk about and so many developments for the business that the discussions were much more diverse than just hotel channel management – this makes me look forward to next year’s event.

Ryan Haynes is the Marketing Head at eRevMax and is responsible for driving all PR and Marketing activities of RateTiger and eRevMax brands globally. Ryan is based out of London and can be reached at ryanh@ratetiger.com

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Online Revealed, Canada

Online Revealed, the Online Marketing Conference for travel industry professionals has grown rapidly because of its hands-on approach to learning and the pioneering efforts of ‘a couple of chicks’ an e-marketing company that gave birth to this event.

This year Online Revealed celebrated its 6th anniversary at the Sheraton Centre Toronto Hotel. To add to its existing allure, this year it was held in association with the Canadian Tourism Marketing Summit and the Annual Conference of Hotel Association of Canada.

I was invited to be a speaker at a breakout session on ‘Managing Your Online Distribution’, which had a fantastic turnout. During the workshop I covered various topics including online distribution landscape, useful tools for online distribution, finding and working together with online partners, considerations to maximise your online revenue and top tips for selling online. The audience was very interactive which always adds to a great workshop and controversial discussions such as rate parity, commission fees, and online reviews.

It was a great event and I look forward to the next year’s edition.

Casey Davy is Sales Manager – UK at eRevMax and is responsible for sales of RateTiger products in the region. He is based out of London and can be reached at


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BAHA: Revenue Management Breakfast Workshop

The Hospitality Revenue Management Community of BAHA organized an open workshop on 4th March 2011 at the Mint Hotel Tower of London.

The aim of this breakfast workshop was to bring together Revenue Managers and those connected to it, to discuss and debate current industry challenges in a way that was lively and participative, yet still challenging and educational.

One of the major challenges facing Revenue Management is the future ‘pipeline’ of talent. Hence the community invited a selection of RM students to give them a chance to interact with current professionals, build relationships with potential employers and gain valuable insight into the realities of the role.

There were 5 workshops held in parallel sessions, namely Long Term Impact of Price Slashing, Customer Relationship Tactics, Total Revenue Management, Centralization of RM and Market Segmentation. My colleague Stefan and I took part in the Total Revenue Management workshop and found it really interesting and worthwhile. We had a great discussion and stressed upon how selling efficiently online can help Revenue Managers achieve targets. We found the event to be a good opportunity to meet industry peers and like all BAHA initiatives, it was well organized.


Sunaina Jagtiani is Sales Manager – UK at eRevMax and is responsible for sales of RateTiger products in the region. She is based out of London and can be reached at sunainaj@ratetiger.com

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FITUR 2011

With the recovering markets, we were excited to see how major trade events in Spain would open. The first major event of the year – FITUR 2011 hosted a total of 10,500 exhibitors from 166 countries and regions in January. It showcased a good representation of hospitality companies and technology providers while the increase in visitor turnover reached 200,000.

Her Majesty Queen Sofia inaugurated the 31st edition of FITUR. This official opening by the Royal family once again proves their unconditional support for the tradeshow and, in general, for the Spanish tourism sector.

During the FITURTECH conference, the discussions focused mostly on topics like online sector, web 2.0, innovative technologies, social networking and video marketing among others. Further hoteliers were also keen to discuss about the market conditions as well as means and ways to improve the Average Room Rate.

We represented RateTiger at the event and had various meetings pre-arranged at our stand. We also attracted a lot of general visitors which gave us an opportunity to showcase the main product line RTSuite and at the same time highlight new tools like RTReview and other additional modules.

It was a well-planned event and we look forward to many more editions of this wonderful event.

Catch all the action at RateTiger stand here in these pictures.


Pilar Sanchez Aita and Cristina Hernandez are Sales Managers at eRevMax and are responsible for sale of RateTiger products in Portugal and Spain. Reach them on pilara@ratetiger.com and cristinas@ratetiger.com respectively.
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Sales and Marketing Online, November 2010

The Sales and Marketing Online was a one-day conference in Warsaw, Poland organized on 16th November 2010. With various sessions focused on online distribution, there were speakers from across the industry including the likes of Daniel Łukaszewicz – HOOBI, Alexander Ryll – Avvio, Jakob Riegger – TrustYou, Brendan May – IdeaS as well as Keith Povah – RateTiger.

RateTiger was invited to present in the Plenum session on “Channel Management” and the presentation title was “How does online distribution help improve Yield Management strategies”. Keith gave interesting examples on how our client hoteliers have leveraged online channel management strategies to increase occupancy and revenue.  The presentation by Brendan from Ideas was also very well received and he mentioned how their partnership with RateTiger brings added value to hoteliers.

Over 55 delegates comprising hotel owners, Revenue Managers, Managing Directors and Sales Managers attended the event. The delegates received us very well due to the relevant content of our presentation. We were also invited to conduct a workshop on RTSuite products which was a great success.

The organizers Concept Media conducted a survey and found that 26 hotels out of 55 attending hoteliers wanted to learn more about RTSuite products and RateTiger. Overall it was a great event which provided us with good networking opportunity especially with small to medium sized groups.

Aldona Kaczmarczyk
Sales Manager, Poland

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NASSCOM Product Conclave, November 2010

The NASSCOM Product Conclave held annually in Bangalore is a confluence of innovative minds and entrepreneurial spirit of the Indian Products Ecosystem. This year, the focus was on “Scaling New Heights – From cloud adoption to lean startup models” and the Conclave took place from 10 -11 November 2010 at Hotel Lalit Ashok.

Among various sessions that formed a part of this conclave, I found Cloud computing – Transformation to the cloud, Building products for Billion Indians, The New Internet: An Economy of Scale and partnership and Product companies’ problem and solution, to be particularly interesting.

 
I gathered of lot of information and this knowledge would be of immense help to me going forward. Some of my key take-aways include a clearer understanding on various concepts like entrepreneurship, people management as well as virtualization and cloud computing.

Further the event turned out to be a good networking platform and I got an opportunity to meet many like-minded people including some industry colleagues. The interaction with some of the speakers was also very encouraging and I look forward to attending more of such events in the future.

I cannot complete this post without mentioning NASSCOM who did a fantastic job of organizing, coordinating and executing this whole event so efficiently and professionally.

C. Dharmaraj
Chief Architect, Bangalore

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Hoteliers’ Connect: Bangalore

Earlier this month, I got an opportunity to host leading Bangalore hoteliers at an evening event organized by RateTiger. The idea was to provide a social platform for hoteliers to connect over cocktails while sharing vignettes of their channel management experiences.

With 25 hoteliers present, it was a cozy get-together with every member being very warm and forthcoming with their strategies, suggestions, challenges and queries. Some of our client hoteliers were present too and were happy to share their experience of new channel management modules that they have been using in RateTiger.

As the evening wore on, everyone embarked on a stimulating discussion on revenue strategies. It turned out to be a productive day for them, they also realized that they have not really interacted earlier and many had met their counterparts from other hotels for the first time. They just knew and viewed each other as competitors and not as industry peers. I was so glad to have modified their outlook and they were appreciative of our effort for having hosted such an interesting meet.

Chancery Pavilion was the chosen venue for the evening and being a RateTiger user they were happy to be part of this event. I look forward to doing similar events in other Indian and Asian cities so as to help Revenue Managers meet up outside work and share their valuable experiences with each other. And with our technology, I am sure we can further help revenue managers achieve increased online sales and optimize revenue.

Sudhir Ghildiyal is Sales Manager – Asia Pacific at eRevMax and is responsible for sales of RateTiger products in the region. He is based out of India and can be reached at  sudhirg@erevmax.com

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RateTiger – Paradores Training Day

It was a successful day of training with Paradores after a long road of joint collaboration. The training was organized jointly with Juan Manuel Merino and Javier Blanco from Paradores and Nuria Bermejo, Key Account Manager RateTiger with me coordinating the session.

Over 70 people attended the session at Parador de Alcala de Henares on September 13, 2010, eager to learn and start using our tools. Optimism filled the room with full support to incorporate it as they have the certainty that RateTiger provides an opportunity to manage their online sales and obtain privileged information to reinforce the strategy of online growth to Paradores group.

Paradores de Turismo is a publicly funded limited company with eight decades of history and which currently manages more than 90 hotel establishments thanks to the work performed on a daily basis by its thousands of employees. Many Paradores properties are located in nature reserves and in historic buildings, such as castles, palaces, convents and monasteries. 
  
One of the aspects that has endured in time and which characterizes Paradores de Turismo is its mission –
“Paradores is a tourism policy instrument which projects the image of modernity and quality of our tourism abroad and which contributes to the territorial integration, to the recovery and maintenance of Historical and Artistic Heritage and to the conservation and enjoyment of natural areas, all the while functioning as a driving force behind the set of revitalizing actions in areas with reduced tourism or economic activity.”



A corporation with just one shareholder, the Spanish state, Paradores de Turismo is also an instrument of the government’s tourism policy, as well as a leading company in the Spanish tourism sector which obtains important benefits which nourish the public objectives for which this company was created.


Pilar Sanchez Aita is Sales Manager – Spain & Portugal at eRevMax and is responsible for sales of RateTiger products in the region. She is based out of Spain and can be reached at pilara@ratetiger.com