RateTiger Introduces Price Transparency with Intelligent Rate Data

  • eRevMax
  • 08.09.11
RateTiger has launched a new price shopping service and has optimized its rate data technology to help buyers gain further insight to the marketplace.

The channel management company has enhanced its RTCorp offering and launched a new product to help the industry better see how hotel rates are behaving. RateTiger is now making all its rate data available to online hotel sales channels, hotel chains and corporate buyers to provide greater pricing transparency for the industry.

RTCorp Snapshot provides a one-off report service that is calendar or event and location specific to help buyers or sellers better understand rate performance at a given time without the need of a long term commitment.

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).

"We’ve been inundated by requests from corporations and travel management companies to tailor our RTCorp service to allow them to get just a snap shot of the hotel marketplace," said Keith Watson, division president – RTCorp, RateTiger. "Whilst many of our customers need to receive regular rate data to monitor prices, some in the corporate space need it only monthly or quarterly dependent on events or budget planning. RTSnapShot gives them only the most relevant pricing data without long-term commitment to an ongoing subscription, making better sense for budgets and rate planning."




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