News for the Hospitality Executive
Amadeus Enhances its Hotel Revenue Management Solution with Unmatched Market Intelligence Capabilities
Amadeus enriches its hotel Revenue Management solution with the addition of a Market Pricing feature that provides extensive rate information from the Amadeus system and web rate shoppers
December 2, 2011 - Amadeus, a leading travel technology partner and transaction processor for the global travel and tourism industry announces today the launch of Market Pricing. This additional feature complements the Amadeus Revenue Management solution and provides hoteliers with unique market intelligence insights.
Market Pricing combines publicly available rate information from both major web rate shoppers and the Amadeus system enabling hotel revenue managers to have a holistic view of the market through the analysis of price trends, price fluctuations and benchmarks. Market Pricing thus provides an unprecedented opportunity to compute even more accurate rate recommendations with a unique view of the marketplace. As a result, hoteliers stay ahead of the game. They can understand and react quickly to the complex factors that influence markets and customers' behaviour, and respond rapidly to optimise the hotel inventory and rates.
This patent pending innovation is an industry-first which give hoteliers the right tools and technology to navigate a business environment that is becoming more demanding every day.
"In this highly competitive industry, there is a growing demand for intelligence products that permit hoteliers to track market trends and react quickly" commented Jérôme Destors, Director, Amadeus Hotel IT. "Using advanced forecasting models combined with detailed booking data and market trends, the Amadeus Revenue Management solution innovates with unique technology evolution giving hoteliers another competitive advantage to maximise their hotel revenue contribution."
The Market Pricing feature is available as an optional module for Amadeus Revenue Management solution customers. More information about the solution, offer and configurations can be found at http://www.amadeus.com/hotelit/hotel-revenue-management.htmlAbout Amadeus Hotel IT
Amadeus has served the global hospitality industry for over 20 years, supporting hotels' distribution and technology needs. Amadeus employs over 170 dedicated hotel specialists covering every aspect of development, delivery and support of hospitality technology solutions. Our comprehensive, scalable portfolio of advanced management systems includes: Amadeus Hotel Platform, an above-property single source solution for next generation hotel, reservations and distribution technology focused on single image inventory, single view of the guest and enhanced merchandising.
Amadeus also provides revenue management and global distribution systems, including the Amadeus Hotel Platform-Revenue Management.
Currently, Amadeus Hotel IT solutions are being
used by 1,500 customers in 35 countries.
For more information, please visit www.amadeus.com/hotelitAbout Amadeus
Amadeus is a leading transaction processor and provider of advanced technology solutions for the global travel and tourism industry.
Customer groups include travel providers (e.g. airlines, hotels, rail, ferries, etc.), travel sellers (travel agencies and websites), and travel buyers (corporations and individual travellers).
The group operates a transaction-based business model and processed 850 million billable travel transactions in 2010.
Amadeus has central sites in Madrid (corporate headquarters and marketing), Nice (development) and Erding (Operations – data processing centre) and regional offices in Miami, Buenos Aires, Bangkok and Dubai. At a market level, Amadeus maintains customer operations through 73 local Amadeus Commercial Organisations covering 195 countries.
Amadeus is listed on the Madrid, Barcelona, Bilbao and Valencia stock exchanges and trades under the symbol "AMS.MC". For the year ended 31 December 2010, the company reported revenues of EUR 2,683 million and EBITDA of EUR 1,015 million. The Amadeus group employs around 10,000 employees worldwide, with 123 nationalities represented at the central offices.
To find out more about Amadeus please go to www.amadeus.com.
To visit the Amadeus Investor Relations centre please go to www.investors.amadeus.com
Amadeus Hotel IT
485 Route du Pin Montard | Boite Postale 69
Sophia Antipolis Cedex1, 06902
Phone: +33 497 154 895
More About Your
News Being Published on Hotel-Online Inquire Here
on Revenue Management; Amadeus Presents a Paper on Revenue Management
Placing the Customer at the Heart of Revenue Management / October
to Showcase the Evolution of Corporate Travel Innovation for Amadeus
One and More at 2011 GBTA Conference; Line-up includes educational
sessions, sponsored activities and demos focused on the Amadeus One
solutions suite, IT consulting services and future-focused technologies
/ August 2011
Showcases IT and Business Transformation Opportunities for Hoteliers at
HITEC 2011 / June 2011
Should Remove Barriers Between Technology, Marketing and Operations to
Unlock Growth, says Amadeus Industry Report; Greater integration
between business and IT priorities vital to speed hotel growth in the
next three years / June 2011
Hôtels Management Becomes First Customer to Implement the Full
Amadeus Hotel Platform / March 2011
study commissioned by Amadeus provides a wake-up call to travel
suppliers as it identifies growth of 30% in revenues from third-party
sales by 2015 / January 2011
Maroto Becomes Amadeus President & CEO / January 2011
set to transform hospitality industry with launch of groundbreaking
‘Amadeus Hotel Platform’ / November 2010
global study into the future of the hotel industry; A gaze into the
future of what travellers’ hotel experience will be like in 2020 /
Showcases Hotel IT Commitment at HITEC 2010 / June 2010
Now to Secure Your Future, Hotels Told in New Industry Report; Guest
experience, globalization, brand value and speed to market are the four
key drivers transforming the future of hotels according to a report
commissioned by Amadeus / June 2010