Offers hoteliers access to advanced rate recommendations within the LIVE platform
London, 28 January, 2015: eRevMax, the leading hotel distribution and business intelligence services provider today announced its integration with PriceMatch, a next-generation revenue management solution, thus offering its hotel customers access to advanced rate recommendations within RateTiger LIVE by eRevMax. This deep platform integration will allow eRevMax hotel’s subscribed to PriceMatch to access dynamic price recommendations based on the forecasted demand for their property directly within their LIVE dashboard.
RateTiger LIVE, the web based integrated management dashboard from eRevMax, offers detailed competitor intelligence, comprehensive business performance analytics and channel management capabilities through secure two-way XML connections. PriceMatch, powered by advanced econometrics, an elegant user interface and a logical workflow designed for more effective forecasting and pricing, is Europe’s fastest growing revenue management system with over 700 clients in 30 countries.
“Dynamic demand forecasting and pricing technology has become a minimum requirement for every hotel operator today and not just a tool used by global chains or large multi-property hotel groups. We see a tipping point in the hotel revenue management market where independent hotels are ready to take the next step from channel distribution, competitor rate shopping and reputation benchmarking to integrated dynamic price optimization. eRevMax hotel customers on the RateTiger LIVE platform will benefit by integrating PriceMatch revenue management not only within their platform, but within their daily workflow,” said Arthur Waller, CEO PriceMatch.
“This integration with PriceMatch will allow hotels to access and manage all distribution and revenue management data in a single platform through RateTiger LIVE. By converging sales, marketing, distribution and revenue management processes into an integrated single view, we make it easier than ever for hoteliers to understand and monitor key business insights, implement effective revenue decisions to maximize profitability and align their business metrics – all through action-based, proactive business intelligence,” said Greg Berman, Chief Operating Officer, eRevMax.
The web-based, RateTiger LIVE platform incorporates next generation Channel Management merged with detailed Competitor Rate Intelligence & Business Analytics to provide seamless XML channel connectivity for real-time rate and inventory updates to travel sites as well as booking delivery to 3rd party hotel systems. eRevMax will be hosting a session with PriceMatch on real-time revenue management at FITUR on Thursday, 29th January 2015.
Join eRevMax at FITUR, Stand 8B14.
About PriceMatch: PriceMatch provides an innovative and easy-to-use revenue management solution designed for both hotel managers and experienced revenue managers. Using big data and advanced econometric tools, the PriceMatch algorithm provides pricing recommendations through an extremely user-friendly website. Our account managers and engineers can provide you with a personalized experience to help optimize your RevPar.
About eRevMax: eRevMax provides next generation online distribution & business intelligence solutions to the hospitality industry. The company’s new offering is LIVE, a responsive web platform which offers detailed competitor intelligence, comprehensive business performance analytics and reliable channel management capability through secure two-way XML connections. First released in 2001, eRevMax’s RateTiger channel manager helps more than 15,000 hoteliers worldwide to increase revenue, streamline business processes and reduce booking acquisition cost through efficient channel management. A further 5,000 hotels use Connect, our electronic distribution gateway which seamlessly integrates channel management functionality with the hotel’s internal systems for more than 100 channels.
For more details, please visit http://www.erevmax.com or contact us on marketing@erevmax.com.