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Hyatt Selects TravelCLICK�s RateVIEW
Chicago IL (March 11, 2003) � Ray Cohen, president and co-CEO of TravelCLICK,
announced today that Hyatt Hotels Corporation is extending TravelCLICK�s
RateVIEW Internet rate intelligence tool to all 123 of its North American
properties.
TravelCLICK�s RateVIEW provides Hyatt hotels with the most advanced
technology for accessing competitive Internet and GDS rate information,
in real time. RateVIEW enables hotels to generate rate comparison reports
on their competitive set in a wide range of channels, based on user-defined
criteria. RateVIEW is the only report that allows hotels to separately
identify retail from merchant (wholesale) rates on various travel Web sites.
�Given the intensely competitive nature of the marketplace today, and
the increasing importance of having real-time information with which to
make dynamic pricing decisions, RateVIEW allows hotels to identify opportunities
and changes in rates with information that is just minutes old,� said Cohen.
�TravelCLICK�s RateVIEW provides each individual Hyatt hotel with �on-demand�
competitive rate monitoring capability for both the GDS and Internet electronic
distribution channels.�
Features of RateVIEW include:
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Rate Audit View. This section enables properties to audit their
rates across electronic channels. Hoteliers can ensure that their available
rates support their rate strategy, and assess rate types (merchant or retail)
that are presented to consumers.
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Channel RateVIEW. This section identifies competitors, their
rates, and rate sources.
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PriceWatch Alerts. These are visual alerts that indicate when a
competitor's rate appears above or below a price range specified by the
hotel.
�Hyatt Hotels intends to use the RateVIEW report to significantly enhance
the targeted, electronic marketing efforts of our individual properties,�
said Joan Lowell, vice president of electronic distribution for Hyatt Hotels.
�One of the most compelling features of RateVIEW is a detail page that
explains each of the products being priced, including the type of room,
restrictions, and rate qualifications. Using this tool, our properties
can make better tactical decisions, by understanding exactly what the competitive
offer is and how they choose to address that opportunity.�
About TravelCLICK
TravelCLICK (www.travelclick.net)
is the leading provider of solutions that help hotels and other travel
industry suppliers maximize net revenue from electronic distribution channels.
TravelCLICK's competitive benchmarking reports provide hotels with price
and booking performance information unavailable through any other source.
The company's exclusive electronic marketing networks allow hotels and
other travel related suppliers to target promotional messages to specific
travel agents, consumers, and group meeting planners when they are booking
travel. Established in 1996 and headquartered in the Chicago area, TravelCLICK
operates in more than 140 countries around the world. The company has over
6,000 clients, including national and international companies such as Accor,
Air France, Avis, Best Western International, British Airways, Carlson
Hotels Worldwide, Choice Hotels, Fairmont Hotels & Resorts, Four Seasons
Hotels & Resorts, Grupo Posadas, Hilton Hotels Corporation, Hyatt Hotels
& Resorts, Kempinski Hotels & Resorts, Leading Hotels of the World,
Loews Hotels, Lufthansa, Marriott International, The Peninsula Group, The
Ritz-Carlton Hotel Company, SAS, The Savoy Group, Shangri-La Hotels, Sol
Melia, Starwood Hotels & Resorts, Thistle Hotels, USAirways, Virgin
Atlantic and Wyndham Hotels & Resorts. |