RezNext launches custom-built rate shopper solution to empower mid-market hoteliers arrive at a profitable rate strategy

RezNext launches custom-built rate shopper solution to empower mid-market hoteliers arrive at a profitable rate strategy

RezNext, the world’s only true real-time enterprise distribution technology and profit management company, has announced the launch of its rate shopper solution designed to meet the industry needs on pricing intelligence. Available through RezNext’s enterprise platform, RezRate, the rate shopper product has been tailored to meet the needs of hoteliers to view competitor pricing at a granular level while comparing it with their own rates.

According to Mike Kistner, Chief Executive Officer, RezNext Global Solutions, “Hoteliers need to take decisions on their pricing based on their own distribution performance as well as their competitions’. Mid-market hotels are challenged with limited resources and cannot dedicate them completely to such manual tasks. We believe this bespoke solution, now available at no additional cost to hoteliers, will help bridge the gap in real-time information on market pricing.”

Another important feature of RezRate is its ability to provide a price comparison of an offering against an exact similar product from competition. “Several times we see hoteliers take their competition pricing at face value. They do not analyse if the rate being offered is the bar rate, a promotional rate or package rate. RezRate allows hoteliers to drill-down into competitor price by room type and meal plan. They can compare, BAR rates and promotional rates through the solution every day or for a defined period of time. Such rate intelligence will help hoteliers price their product competitively and yet be profitable,” said Kevin Dcosta, Senior Vice President, Product Development, RezNext Global Solutions.

RezRate is a SAAS based solution and is integrated with RezNext’s distribution intelligence application allowing existing customers to access a single application for all distribution related functions. RezNext will also soon offer an advanced version of RezRate with more functionality and tighter integration with the distribution platform to facilitate dynamic rate updates on the move. This solution, to be available on a subscription model, will also integrate with the hotel’s PMS, revenue and reputation management solutions to provide a holistic view of pricing powered by smart analytics.

About author

TnH Global
TnH Global 3877 posts

Our platform is the most comprehensive, current and accurate content destination for tourism that also offers the opportunity to connect and network with quality buyers and sellers.

Name: TnH Global              Email: admin@tnhglobal.com

You might also like

Technology

Hertz worldwide car rental inventory available through Sabre’s digital e-commerce platform

Full-content agreement will deliver comprehensive access to expanded rates for Hertz vehicles for travel agents, business travelers and OTA websites Leading technology provider Sabre Corporation has announced an expanded agreement to

Latest

E Factor Entertainment and Filmmaster Events form joint venture with to introduce specialized events in India

E-Factor Entertainment Pvt. Ltd, India’s premium specialized events agency today announced its partnership with Filmmaster Events. Filmmaster Events part of the Italian Entertainment Network (IEN) is renowned globally for its

Travel Trade

ixigo Skill for Amazon Alexa launched in India

Now ask Alexa where you can go next month for under Rs.10,000 Leading travel marketplace, ixigo has launched the ixigo skill for Amazon Alexa in India. The ability of this

0 Comments

No Comments Yet!

You can be first to comment this post!