The travel industry consistently experiences fierce competition and constant transformations. As a provider in this industry, maintaining competitiveness requires an intelligent approach, particularly when it comes to the pricing model. Here is where rate intelligence, a concept explicitly tailored for the travel industry, truly shines. A prime example of this capability is featured in our award-winning booking tool, HotelHub, which we offer to our clients free of charge.
What is Rate Intelligence?
Rate intelligence refers to the systematic monitoring of hotel room rates across various sales channels, with the goal of identifying the best prices available. It provides tour operators and travel agents the ability to adjust their pricing strategies dynamically, ensuring they stay competitive while maximizing profitability.
How Can Rate Intelligence Assist You?
The success of your travel service significantly depends on one crucial factor: affordability. Travelers are constantly on the lookout for the best deals, making it essential for you to offer competitive prices. The competitiveness of your product begins with calculating your rates against the best available rate for a particular hotel room.
However, don't be fooled! The best rate isn't always the one you see on an Online Travel Agent (OTA). These rates are often inflated due to added fees and commissions.
This is where HotelHub steps in.
Its advanced rate intelligence capability delves deep into the industry to unveil hidden, non-published travel wholesaler rates. These rates are typically priced lower than those on OTAs, giving you a significant advantage in terms of pricing.
By leveraging these unexplored rates, you can offer highly competitive prices to your clients without undermining your profit margins. It sets the standard for your pricing strategy, allowing you to position yourself as a cost-effective solution within this fiercely competitive industry.
We have teamed up with many hotels to cater only to pros.
To learn more about HotelHub and its game-changing offerings, visit the HotelHub page on our website here.