RateTiger Challenges the Credit Crunch
Channel management specialist calls on hoteliers to stand strong during slow economic conditions.
Colonia, NJ, January 18, 2009 --(PR.com)-- RateTiger is facing the credit crunch head on to ensure hoteliers stand strong during a weakened economy,
Refusing to believe the financial forecasts and that the current situation will ruin hoteliers worldwide, the channel management specialist’s intelligent market rate data and optimisation of third party websites will help keeping the crunch at bay.
RateTiger issued the statement to coincide with the start of the hospitality event calendar as it prepares to fly its representatives across the world to provide consultation and education on internet sales strategies.
“2009 is the year to manage your rates and inventory even more effectively; save time while expanding your market outreach and make money across online channels. In tough economic conditions maintaining occupancy and rates will be a challenge and we are here to provide hoteliers with the necessary support to maximise online revenue,” says Sascha Hausmann, COO.
“If analyst forecasts become reality hoteliers across the world will see rates drop on an average of 15% over the course of the next 12-months and occupancy in turn will decline. The hospitality industry needs to implement sensible long-term strategies to keep business agile to changing conditions. By assessing future rates revenue managers can gauge occupancy levels to more accurately calculate turnover in 2009.”
The business formed on the back of the last economic slowdown in 2001 has developed products that help hoteliers maximise revenue and occupancy by increasing and optimizing market exposure across multiple online booking channels.
In 2009, during these challenging economic times, the company will be launching new solutions to help maximise automate online sales, hence helping to save time and make money.
RateTiger will be exhibiting at major trade events including BIT, ITB, Hitec and WTM and attending leading industry shows like for example FITUR, BTL, ITM, Globe, HSMA, Florida Huddle and InnPoints Worldwide Conference providing resources for hoteliers to manage online inventory management.
January
12 – 14: H (Amsterdam)
21 – 22: InnPoints Worldwide conference 2009 (Albuquerque, NM, USA)
21 – 23: BTL (Lisbon, Portugal)
28 – 30: FITUR (Madrid, Spain)
February
1 – 3: Florida Huddle 2009 (Orlando, FL, USA)
11: HSMA (Frankfurt, Germany), Sascha Hausmann speaking on Channel Management and Metasearch
17: Hotel Website Marketing (Ireland)
19 – 22: BIT (Milan, Italy)
21 - 24: ITM (Moscow, Russia)
March
11 – 15: ITB (Berlin, Germany)
26 - 28: Globe (Milan, Italy)
June
22 - 25: Hitec
November
9 - 12: WTM (London, UK)
About RateTiger
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 Websites 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 Kolkata, India. eRevMax employs more than 170 people across the globe. For more information please visit http://www.ratetiger.com
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Refusing to believe the financial forecasts and that the current situation will ruin hoteliers worldwide, the channel management specialist’s intelligent market rate data and optimisation of third party websites will help keeping the crunch at bay.
RateTiger issued the statement to coincide with the start of the hospitality event calendar as it prepares to fly its representatives across the world to provide consultation and education on internet sales strategies.
“2009 is the year to manage your rates and inventory even more effectively; save time while expanding your market outreach and make money across online channels. In tough economic conditions maintaining occupancy and rates will be a challenge and we are here to provide hoteliers with the necessary support to maximise online revenue,” says Sascha Hausmann, COO.
“If analyst forecasts become reality hoteliers across the world will see rates drop on an average of 15% over the course of the next 12-months and occupancy in turn will decline. The hospitality industry needs to implement sensible long-term strategies to keep business agile to changing conditions. By assessing future rates revenue managers can gauge occupancy levels to more accurately calculate turnover in 2009.”
The business formed on the back of the last economic slowdown in 2001 has developed products that help hoteliers maximise revenue and occupancy by increasing and optimizing market exposure across multiple online booking channels.
In 2009, during these challenging economic times, the company will be launching new solutions to help maximise automate online sales, hence helping to save time and make money.
RateTiger will be exhibiting at major trade events including BIT, ITB, Hitec and WTM and attending leading industry shows like for example FITUR, BTL, ITM, Globe, HSMA, Florida Huddle and InnPoints Worldwide Conference providing resources for hoteliers to manage online inventory management.
January
12 – 14: H (Amsterdam)
21 – 22: InnPoints Worldwide conference 2009 (Albuquerque, NM, USA)
21 – 23: BTL (Lisbon, Portugal)
28 – 30: FITUR (Madrid, Spain)
February
1 – 3: Florida Huddle 2009 (Orlando, FL, USA)
11: HSMA (Frankfurt, Germany), Sascha Hausmann speaking on Channel Management and Metasearch
17: Hotel Website Marketing (Ireland)
19 – 22: BIT (Milan, Italy)
21 - 24: ITM (Moscow, Russia)
March
11 – 15: ITB (Berlin, Germany)
26 - 28: Globe (Milan, Italy)
June
22 - 25: Hitec
November
9 - 12: WTM (London, UK)
About RateTiger
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 Websites 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 Kolkata, India. eRevMax employs more than 170 people across the globe. For more information please visit http://www.ratetiger.com
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Contact
eRevMax Inc.
Ryan Haynes
+44 (0) 20 7422 7528
www.ratetiger.com
Ryan Haynes
+44 (0) 20 7422 7528
www.ratetiger.com
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