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Golden Tulip Nizwa Recommends RateTiger Channel Manager to Streamline Operations and Maximize Revenue

Press Release
Golden Tulip Nizwa

Oman, 19 March 2024


Improved operational efficiency with RateTiger Solutions

Golden Tulip Nizwa, a beacon of luxury and hospitality in the heart of Nizwa, recommended that the RateTiger Channel Manager increase connectivity for rate, inventory, and reservation delivery. This hotel has been using RateTiger Channel Manager since last 8 years to expand its market reach and refine its online visibility to maximize profits.

The Golden Tulip Nizwa Hotel is a prominent accommodation in the heart of the historic city of Nizwa, Oman. Offering a blend of modern amenities and traditional Omani hospitality, this hotel is a testament to the Sultanate’s luxury and comfort. This 4-star, deluxe hotel in Oman has 120 modern and spacious rooms. Rugged Hajar Mountain ranges surround the hotel, ideally for tours in and around the Nizwa region of Oman. Golden Tulip Nizwa Hotel has been honored with prestigious awards, including the World Luxury Hotel Award and the Haute Grandeur Global Hotel Award for the Best Cultural & Classic Hotel. 

Golden Tulip Nizwa uses RateTiger Channel Manager, which provides 2-way XML connectivity. This allows room rates, inventory, and allocation to multiple online sales channels directly from the hotel PMS. RateTiger Channel Manager is the perfect solution for hotel group connectivity, which will expand the visibility by selling on multiple channels, including global and regional OTAs, Wholesalers, Metasearch, GDS, Tour Operators, Booking Engine etc.

Over the last 8 years, this hotel has increased its efficiency, data-driven decision-making, and overall competitiveness in the hospitality industry. In today’s highly competitive hospitality industry, maximizing revenue is paramount for any hotel’s success. Here, RateTiger is the solution. 

RateTiger facilitates revenue management strategies by offering valuable insights into demand fluctuations. This capability aids businesses in fine-tuning pricing strategies to capitalize on revenue opportunities. This capability is crucial during peak seasons, significant events, or specific market conditions, allowing establishments to adapt their pricing strategies for optimal financial performance dynamically.

“With RateTiger Channel Manager, we have achieved optimal distribution across various channels. RateTiger’s efficiency in managing inventory and rates has resulted in increased visibility and bookings. We appreciate the dedication and support from Ayman Wani, who is always ready to help. He promptly replies to all our inquiries and challenges and resolves the issues. We look forward to continued success through this partnership.”—Remarked Mr Firasat Ali Syed, Front Office & Revenue Manager, Golden Tulip Nizwa.

 
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RateTiger Drives Remarkable 70% Occupancy Growth for Al Midan Hotel Group on Leading OTAs

Press Release
Al Midan Hotel

Saudi Arabia, 20 February 2024


Strongly recommends RateTiger by eRevMax solutions for online distribution

Al Midan Hotel Group in Saudi Arabia achieves unprecedented revenue growth with RateTiger Solution. Leveraging RateTiger Channel Manager for the past eight months, this esteemed luxury property efficiently manages rate updates and inventory distribution across multiple online sales channels, seamlessly integrating reservations into their PMS. 

The Al Midan Hotel Group consists of four exquisite properties: Medan HotelViolet Hotel Al-AziziyahAfraa Al Azizia, and Violet Alshisha Hotel. Each hotel embodies the royal essence of Saudi Arabia. Situated near Mekkah Mall, these establishments offer a harmonious blend of luxury and accessibility. Guests can explore the meticulously designed spaces within the hotels, where beauty gracefully unfolds at every turn.

Across four properties of Al Midan Hotel Group, RateTiger Channel Manager has been implemented to manage rates and inventory effectively in real-time across diverse online channels. Its automation features effectively streamline manual processes, thus saving valuable time for hotel staff while minimizing the risk of errors. Integrating PMS systems, mainly OPERA, ensures seamless data exchange, enhancing operational efficiency and guaranteeing accurate availability and pricing information. Furthermore, RateTiger’s robust analytics capabilities provide invaluable insights into booking patterns, revenue performance, and channel effectiveness, enabling hotels to make informed decisions to optimize their revenue strategies.  

This hotel group has experienced significant growth since implementing RateTiger services, with an impressive surge of approximately 70% observed in bookings through online travel agencies such as Booking.com and Agoda. Leveraging RateTiger solutions has undoubtedly contributed to this notable expansion, allowing these four properties to optimize its presence across various online platforms and capitalize on emerging market opportunities.  

“I am truly impressed by RateTiger’s commitment to providing prompt and knowledgeable support. The assistance we receive, particularly from Mr. Ayman Wani, has been invaluable in navigating technical challenges and ensuring smooth operations. The accessibility of their support team, whether through phone or email, adds further convenience to our experience. I am confident that RateTiger’s continued support will greatly contribute to our future success.” Commented Mr. Shahryar Yasin, IT Manager, Al Midan Hotel Group

“RateTiger 2-way XML integration with property management systems and CRM software has revolutionized our approach to business strategy implementation. This seamless data exchange and workflow automation enable us to take a more holistic approach, driving efficiency and optimizing our revenue management practices. Leveraging RateTiger, we are empowered to enhance our pricing and distribution strategies, ultimately achieving our business objectives with greater precision and effectiveness.” Summed up Mr. Shahryar. 

 
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RateTiger Achieves Elite Partner Status with Expedia Group for 2024 

Press Release
Expedia Elite Partner

London, 19 February 2024


Leading Connectivity Partner Recognized Among Top 2% for Exceptional Service

RateTiger proudly announces its elevation to Elite Partner status with Expedia Group for the year 2024. This prestigious recognition underscores RateTiger’s commitment to excellence in connectivity solutions and its dedication to empowering businesses in the hospitality industry.

Expedia Group, a global leader in online travel services, designates Elite Partner status to only the top 2% of its connectivity partners. Among over 400 global eligible companies, RateTiger has distinguished itself for its exceptional performance and unwavering focus on providing high-quality software connections.

Expedia Group’s extensive network spans 200 websites and native apps and a wide-reaching distribution through 90,000 travel agencies and business partners worldwide. Through RateTiger’s robust connection, businesses can seamlessly distribute rates and availability to Expedia Group, streamlining daily operations and attracting valuable guests.

“We are glad to announce our attainment of Elite Partner status with Expedia Group for 2024,” said Ms. Caroline Faries, Director – Strategic Account Management Demand. This distinguished recognition underscores our unwavering commitment to developing cutting-edge solutions that empower our partners to flourish in the ever-evolving hospitality landscape. We express our sincere gratitude to all our valued partners for their ongoing trust and collaboration, which has been instrumental in this achievement.”

RateTiger extends its heartfelt appreciation to its partners for their continued trust and collaboration. Looking ahead, RateTiger remains steadfast in its mission to deliver unparalleled support and value to its partners, thereby driving growth opportunities and facilitating success in the dynamic hospitality industry.

For more details, please visit www.ratetiger.com or contact us at marketing@erevmax.com / sales@erevmax.com.

 
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Maximizing Revenue- Unveiling the Power of Pricing Optimization in Hotel Channel Management

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Maximizing Network - RateTiger

In the dynamic realm of hospitality, where each room promises a unique experience, hotels aspire not merely to accommodate but to excel in the pulse of the hospitality industry, where every unoccupied room symbolizes both profit and distinction, a secret ingredient emerges, elevating a hotel’s success from the commonplace to the extraordinary – the enchantment of pricing optimization.

In this blog, we explore the significance of pricing strategies and how hotels can optimize these strategies to maximize revenue.

Understanding Hotel Channel Management:

Hotel channel management is a vital strategy in the hospitality industry, involving the strategic distribution of a hotel’s room inventory across diverse online and offline channels to expand reach and drive revenue.

This distribution strategy encompasses platforms like online travel agencies (OTAs), direct hotel websites, and global distribution systems (GDS).

RateTiger Channel Manager plays a crucial role in this process, offering real-time inventory management, centralized control, and automated rate adjustments. It provides detailed analytics on channel performance, ensuring hotels can allocate resources effectively. RateTiger also monitors rate parity, maintains consistency across channels, and integrates seamlessly with Property Management Systems (PMS) for enhanced operational efficiency. This comprehensive approach empowers hoteliers to optimize revenue, streamline operations, and stay competitive in the dynamic hospitality market.

The Importance of Pricing Optimization:

Pricing optimization is essential for the success of hotels in the competitive hospitality industry. Beyond merely setting room rates, it thoroughly analyses market trends, competitors’ pricing, and guest behaviour.

RateTiger offers a similar product called RateShopper, which plays a crucial role by providing real-time insights into these factors. It enables hotels to adjust strategically, capitalize on demand peaks, and tailor pricing strategies for traveller segments.

The benefits of embracing pricing optimization are undeniable:

  • Increased revenue: The bottom line matters, and pricing optimization can lead to significant revenue growth by maximizing occupancy rates and optimizing room rates.
  • Reduced discounting: Prices will not drop to fill rooms. Pricing optimization helps avoid unnecessary discounting, protecting your brand image and profitability.
  • Competitive edge: In a crowded market, standing out is crucial. Pricing optimization gives you the agility to react quickly to competitor pricing changes and stay ahead of the curve.
  • Improved operational efficiency: With dynamic pricing, you spend less time manually adjusting rates and focusing more on what you do best – creating exceptional guest experiences.

Conclusion:

In today’s travel landscape, where choices abound, pricing optimization in hotel channel management is a potent tool for maximizing revenue. A strategic, data-driven approach enables hotels to navigate market complexities, respond dynamically to changes, and secure a competitive edge. As technology evolves, embracing innovative pricing solutions becomes imperative for hotels aiming to thrive in the ever-changing hospitality landscape.

Ready to harness the power of pricing optimization in your hotel channel management? Connect with our experts at sales@erevmax.com, invest in the right technology, and don’t hesitate to experiment. The right pricing strategy in hospitality can unlock a harmonious chorus of revenue and guest satisfaction.

 
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Navigating the Dynamic Landscape of RateTiger’s Revenue Management

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Navigating the Dynamic Landscape of RateTiger Revenue Management

Welcome to the world of hospitality, where RateTiger, a pioneer in hotel channel management solutions, plays a pivotal role in supporting properties to thrive and generate profits.

RateTiger significantly aids properties in adapting and achieving success. Whether navigating market changes or meeting client requirements, RateTiger ensures properties remain strong and prosperous in a constantly evolving landscape.

The insights provided by RateTiger offer a compelling view into the transformative trends observed between 2022 and 2023. These insights showcase how RateTiger has been instrumental in guiding properties toward success in the dynamic hospitality industry.

Growth in Reservation Commitments

During this time frame, there was a noticeable increase and flexibility in the number of reservations made. It all started on a positive note and maintained consistent growth each month. Each period had its own story, showing how things changed in the market and among customers. The trend shows how RateTiger stood steadfast in this dynamic industry with its efficient hotel solutions to maintain its credibility across the globe.

We noticed some ups and downs that gave us a clear picture of how demand changed and how people reacted. If we check the month of January, there is a 58.63% growth of reservation from 2022, but in the same timeframe, in May, there is only 8.19%. Interestingly, there were significant increases around the middle of the year, especially in August, possibly due to more people travelling or seasonal changes in what customers wanted.

Insights from Property Onboarding Dynamics

At the same time, there were noticeable changes in how properties integrated with our system. This aspect of the story highlighted the adaptation and utilization of RateTiger by properties. In the month of February 2023(762.5%), properties showed higher enthusiasm as they began using our product to efficiently update rates and manage inventory across various online sales channels, facilitating smooth reservations into their PMS.

In the month of August, there was a significant uptick in properties(100%) joining our platform, indicating a purposeful shift. This surge indicated that properties were actively adopting the RateTiger Channel Manager, signifying the industry’s proactive approach to embracing tools for its growth and success.

Insights and Strategic Adaptation

In this tale of growth and adjustment, the value of adaptability and strategic decision-making shines through. Integrating RateTiger emerged as a key factor, guiding properties to thrive amid shifting landscapes.

Properties could proactively modify their marketing and pricing strategies with RateTiger’s BAR-level feature. This flexible feature enabled properties to seize opportunities during peak consumer activity, securing a competitive advantage in the market.

Conclusion

These insights unveil a journey of adaptability and growth within the hospitality industry. RateTiger proved instrumental in empowering properties to navigate evolving market dynamics successfully. By leveraging RateTiger and adeptly responding to changing consumer demands, properties gained a competitive edge, ensuring resilience and success in a dynamic marketplace. Beyond its channel management prowess, RateTiger offers a treasure trove of insights, meticulously gathered and analyzed to illuminate transformative trends shaping the hospitality landscape. By harnessing the power of data, RateTiger equips hotels with the knowledge and foresight to make informed decisions, anticipate market shifts, and stay ahead of the curve.

Are you using the right Hotel Channel Manager to streamline your daily operations and help you boost online revenue?

If not, then drop us a line at sales@erevmax.com

 
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Expedia Group Mobile Promotion Setup Guide

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Mobile promotion - Expedia

In today’s digital age, mobile devices have become integral to our lives, especially for travelers seeking convenience and easy booking. Expedia Group, a prominent player in the travel industry, has witnessed a significant uptick in mobile bookings, with an incredible 54% of their travelers utilizing mobile devices*. To tap into this burgeoning market, it’s crucial to set up mobile promotions effectively on Expedia Group. Let’s explore the effective option to enhance your presence on Expedia Group’s mobile platform. 

Promo API Integration  

If you’re looking for a seamless approach to setting up and managing mobile promotions on Expedia Group, integrating with the Promo API through RateTiger is the way to go. Follow these simple steps to get started: 

  1. Log in to RateTiger account and navigate to the promotion management section. Choose the promotion type you wish to create, manage, or deactivate. 
  1. Specify the target audience for your promotion by selecting mobile device users. 
  1. Set the relevant parameters for the promotion, including booking dates, discounts, or any other restrictions. Once all details are defined, submit your promotion, and it will be activated for mobile users on Expedia Group. 

Get Started Today! 

Don’t miss out on the opportunity to capture the attention of Expedia Group’s vast mobile user base.

Log in to RateTiger now and embark on a journey to create enticing mobile-only promotions for Expedia Group travelers. By employing these options, you can enhance your visibility and drive bookings among the growing community of mobile-centric travelers. 

*Based on Expedia Group internal data, 2023 

 
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Strategic Management of Occupancy: Leveraging RateTiger for Overbookings and Cancellations

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Strategic Management Overbookings and Cancellations

The hospitality industry is a complex ecosystem where managing occupancy rates is constantly challenging. Overbookings and cancellations are two significant hurdles that hotels face in their quest to maintain optimal occupancy levels. RateTiger offers robust solutions to address these challenges, providing a strategic approach to maximize room bookings while minimizing potential revenue loss.

Understanding Overbookings and Cancellations

Overbookings occur when a hotel accepts more reservations than the actual number of available rooms. This strategy is often used to offset the anticipated no-shows or last-minute cancellations. However, excessive overbooking can lead to guest dissatisfaction and operational complications.

Cancellations represent a different challenge. They impact revenue forecasts and directly affect occupancy rates. Effective management of cancellations is crucial to prevent revenue loss and ensure a balanced occupancy level.

Leveraging RateTiger for Strategic Solutions

Real-time Data Insights: RateTiger Channel Manager provides invaluable real-time data on market trends, competitor pricing, and demand forecasts. This data empowers hoteliers to make informed decisions, adjusting rates dynamically to optimize occupancy.

Competitor Analysis and Rate Shopping: By analyzing competitor rates and understanding market demand, RateTiger Shopper assists hoteliers in setting competitive prices, preventing overbookings, and attracting more bookings.

Overbooking Prevention Strategies: RateTiger Booking Engine allows hoteliers to set precise controls to prevent excessive overbookings.

Dynamic Pricing Strategies: Utilizing RateTiger Channel Manager’s dynamic pricing capabilities allows hoteliers to adjust rates based on demand fluctuations, maximizing revenue and occupancy.

Best Practices for Strategic Utilization

  • Data-Driven Decisions: Rely on real-time data insights RateTiger Channel Manager provides for informed decision-making.
  • Flexible Pricing Strategies: Implement adaptive pricing strategies to respond to market changes and guest behaviour.
  • Overbooking Controls: Utilize RateTiger Channel Manager to set limits that balance maximizing occupancy and minimizing risks.

By leveraging RateTiger Channel Manager, Booking Engine & Rate Shopper, hotels can navigate challenges and maintain a balanced approach to maximize occupancy while minimizing revenue loss.

 
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RateTiger Channel Manager and Booking Engine: The Secret to Johnwood Hotel by Bolton’s Revenue Growth

Press Release
Johnwood Hotel by Bolton

Nigeria, 16 October 2023


Boosting hotel business and managing brand reputation

Johnwood Hotel by Bolton, a 5-star property in Nigeria, has been leveraging RateTiger solutions, including RateTiger Channel Manager, to ensure rates and availability are synchronized across all sales channels. Additionally, they utilize the Booking Engine to keep brand.com updated with real-time inventory and rates. Using RateTiger solutions not only streamlines brand management but also enhances business productivity. Reservations from multiple sales channels are seamlessly integrated into the hotel’s PMS through the 2-way connect, enabling effective implementation of online revenue strategies.

Step into the lap of luxury at Johnwood Hotel by Bolton, a prestigious 5-star hotel in the heart of Abuja, Nigeria. Just a 35-minute drive from Nnamdi Azikiwe International Airport, this architectural masterpiece seamlessly blends elegance and convenience. The hotel offers 124 fully decorated rooms, suites, and apartments, all exuding contemporary design and an artistic ambience, inviting guests into a world of comfort and luxury. 

Johnwood Hotel by Bolton promises exceptional service and an immersive experience for the senses.

For over 5 months, Johnwood Hotel by Bolton has effectively utilized RateTiger Channel Manager and Booking Engine, resulting in a significant 40% increase in online bookings. This strategic implementation has boosted the hotel’s business operations and improved brand management. In comparison, the hotel has already witnessed a marked improvement in global visibility.  

“We have been utilizing RateTiger products for over 5 months. They have proven indispensable in boosting our hotel’s business and effectively managing our brand. The ease and efficiency it brings have significantly contributed to our success. The support from team RateTiger, especially Debadyuti Ghosh, has been outstanding, earning an impressive 80% approval rating. Their prompt and dedicated assistance has been crucial in streamlining our operations, further solidifying our trust in RateTiger’s capabilities. I highly recommend RateTiger solutions to fellow hotels, aiming to alleviate the complexities of brand management and improve overall business productivity. Their contributions have been instrumental, accounting for 85% of our successful business strategies. Well done, Team RateTiger!” – Remarked Mr. Franca Okonkwo, Assistant Business Development Manager at Johnwood Hotel by Bolton 

 
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