Monday, December 8, 2008

RateTiger Nominated for the Retail Business Show Awards 2009

RateTiger has been nominated and short listed in The Retail Business Show Awards 2009 for its leading channel management product.

The Retail Business Show Awards, to be held Wednesday 29 January 2009 at The Grosvenor House Hotel in Mayfair, London, comprises 15 categories, including Hospitality Solution. RateTiger has been identified and selected as one of three companies that have understood the hospitality market and made a significant difference to it’s customers in 2008.

RTAllocator – a tool that helps hoteliers to manage their rates and inventory across multiple online distribution channels - was submitted after a successful installation at award-winning Hotel53 in York. Hotel53 experienced a revenue increase of 10% and occupancy levels rose by 15% in the first few months of use.

RateTiger has been expanding rapidly internationally, as it becomes a leader in channel management applications. Earlier this year the company received certification from Expedia for its room rate and inventory distribution technologies for the hospitality industry. RateTiger is also backed by ISO-27001:2005 certification that implements security controls customised to the needs of individual businesses to protect information assets and give confidence to hoteliers using RateTiger products.

Front of House Manager Sarah Culshaw had been logging online each day to update all websites manually making it a time-consuming activity taking over eight hours each week. Since the installation of RateTiger products Sarah saved 75% of her time managing the different sales channels.

About the product Culshaw said: ““Because all our rates can now be updated almost instantly, it not only frees up a lot more of my time, but it means we can react more quickly to the market. We have four different room types, and thanks to RTAllocator Lite, I can now make 16 daily rate updates very quickly and very accurately. Even though RTAllocator Lite is easy to use, even for a virtual novice, it is reassuring to know that there is round-the-clock help so that any difficulties can be resolved straight away.”

The final judging panel consists of Miya Knights – Editor of Retail Technology Magazine, Jon Davison, Managing Vice President, Gartner Industry Advisory Services, Retail, Paul Rodgers, Chairman, Vendorcom, James Roper, CEO, IMRG and Richard Cobbold, CEO, The Screen

“This is a great achievement for the RateTiger team and truly shows the value of our channel management technologies,” said Sascha Hausmann, COO. “The return for Hotel53 represents the benefits hoteliers across the industry can reap from using intelligent shopping and allocation products for rooms and rates across third party distribution channels. We have been making extraordinary developments in 2008 and this is the icing on the cake as we end a successful year.”

Judges will focus on entries that either exhibit a measurable business benefit and bottom line contribution or show genuine innovation and development, complete with evidence to demonstrate the underlying core value of bringing tangible benefits to the end user.

To view the shortlisted companies in each of the 15 award categories visit: http://www.trbsawards.co.uk/content/shortlisted-companies

Wednesday, December 3, 2008

ReservHOTEL International joins forces with RateTiger

RateTiger - a market leader in online distribution management tools for the hospitality industry - has combined forces with ReservHOTEL, a leading international hotel marketing and service company.

ReservHOTEL will use RateTiger’s “RTConnect” product, an XML based system that acts as an interface between multiple reservation systems and over 300 IDS channels worldwide.

RTConnect allows reservation systems to consolidate updating of rates and inventory on different IDS channels. Hotelier’s can now centrally manage rates and inventory directly from the reservation system, thus eliminating the need to update and monitor several systems separately.

Another key module of RTConnect allows retrieving of booking information from connected extranets. These bookings are automatically processed through ReservHotel and can be sent directly to the hotels PMS or CRS, thus saving hoteliers the time consuming effort of having to manually enter reservations that arrive via email or fax.

“Working with RateTiger means our 1800 + customers can now benefit from their pioneering technology though our web based system” said Luis Barberi ReservHOTEL’s President and CEO. “This will help our hoteliers take a more pragmatic approach to managing their inventory across a broader range of distribution channels. Hotels can now expand their breadth of distribution and subscribe to additional channels to maximize their online presence and revenue”.

RateTiger products allow hotels to join a larger number of travel booking sites including even small regional and city sites. “RateTiger has been extremely flexible meeting the needs of ReservHOTEL, which supports growth in these challenging times” said Barberi. “We are pleased to offer this functionality to our customers and look forward to developing further ground breaking technologies together with RateTiger .”

“Optimizing online reservations to meet revenue targets has become an increasingly important factor for hoteliers and will continue to grow in significance as more people choose to go to websites to purchase their goods and services,” added Sascha Hausmann, COO at RateTiger . “In order to achieve revenue and occupancy targets, hoteliers should be regularly monitoring and replenishing their inventory across all their distribution channels. RTConnect will allow ReservHOTEL customers to carry out this task quickly and efficiently and with absolute precision. It is a tool that will greatly simplify their inventory management.”

ReservHOTEL is also promoting RateTiger ’s RTShopper product to their customers as the hotel benchmarking tool of choice and is working closely with RateTiger to develop a more integrated solution.

This news follows RateTiger ’s further announced strategic partnerships this year with Utell, EZRMS and Pulse Technologies.