Expedia is launching its hotel revenue management tool, Rev+, in Thailand.
As part of Expedia Partner Central (EPC), Rev+ is designed to help hoteliers better manage their rates and inventory.
Features include a price calendar, which provides a view of the hotel’s pricing relative to their competitive set for the next 365 days; market alerts, allowing users to monitor changes in their market; a daily snapshot, offering insights about what’s happening on a specific day; and a competitive price grid, which shows a hotel’s pricing trends relative to their competitive set.
“We’re going through an exciting period of evolution at Expedia, providing partners with more technology services and product offerings,” said Benoit Jolin, vice president of Expedia’s global product.
“Our hotel partners see value in the data we provide and have expressed a need for additional support, insights and access to greater intelligence to help them more effectively refine their revenue strategy and make informed business decisions in less time. Rev+ was created from this feedback, along with months of testing that informed the first version of the product.
“Rev+ is the start of our revenue management capabilities from which we will continue to build and enhance according to our partners’ feedback,” he added.
The new solution comes at no additional cost for Expedia’s hotel partners and doesn’t require additional sign-up.