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RateTiger has introduced rate filtering
technology to its rate data product, RTCorp.
The new technology provides direct hotel
pricing comparisons in line with hotel product type, which means
corporate buyers should be able to gain greater control over hotel
room rate negotiations and compliance with the inclusion of
intelligent rate parameter data in their benchmarking reports.
Travel companies, Online Travel Agents (OTAs)
and corporate buyers can now check rates based on room type and
meal plan in RTCorp version 1.3.5 featuring Rate Parameter
Shopping (RPS). In addition, users have the flexibility to create
their own room types in case default room type definitions do not
cover the specific requirements.
“Corporate travelers are noticing fluctuations in Best Available
Rates (BAR) online and need to compare these public prices to
their negotiated contracts to ensure they are getting the best
deal. Comparing a standard double, including breakfast - in
real-time - will provide that competitive advantage,” said Keith
Watson, Head of Commercial Operations at RateTiger – eRevMax
International. “Buyers need to shop rates that are comparable to
their purchases, by setting simple filters that identify room
types and meal plans, etc therefore making more accurate price
comparisons. Crucially all filters are shopped regardless of the
specific view defined. This allows the user to change the
parameters after the shop without the need to shop again, making
more detailed data available faster.”
Both travel
bookers and online travel agents can monitor hotel rates across
multiple channels to ensure that prices are reflective of
negotiated rates or conform to contractual agreements. This data
can be extracted from thousands of travel websites and hotel sites
and the Global Distribution Systems (GDS).
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