|Chicago IL (September 9, 2003) – Ray Cohen,
president and co-CEO of TravelCLICK, announced today that, after an extensive
evaluation, Hilton International is endorsing TravelCLICK’s RateVIEW Internet
rate intelligence tool to its nearly 400 properties worldwide.
With its selection by Hilton International, TravelCLICK now supplies more than 2,000 hotels with RateVIEW, the leading 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. It is also the only report that allows hotels to separately identify retail from merchant (wholesale) rates on various travel Web sites. The report is accessible on-demand through TravelCLICK’s client extranet, the Electronic Marketing Centre (EMC), a secure, personalized, password-protected site.
“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 always just minutes old,” said Richard W. Gray, chairman and co-CEO of TravelCLICK. “That’s one of the things that makes RateVIEW unique, and this capability is fundamental to maximizing net revenue from both the Internet and the GDS electronic channels.”
“Hilton International hotels will use the RateVIEW report to enhance the visibility of competitor pricing and to maintain competitive advantage. With the accessibility of TravelCLICK’s EMC, our hotels have total control and flexibility to generate reports on demand,” said Jerome Wise, director of channel marketing for Hilton International. “Our hotels will be able to make informed decisions, which will create a more competitive environment for the consumer.”
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. The TravelCLICK Interactive division assists hotels with online strategies to increase consumer direct business.
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.
|Also See:||TravelCLICK Clients Report High Satisfaction with RateVIEW On-Demand Rate Comparison Tool; Over 1400 Hotels Worldwide Utilize RateVIEW / August 2003|
|TravelCLICK Interactive Combines With iHotelier / June 2003|
|TravelCLICK Gives NYU Investment Conference Attendees Real-Time View of Their Properties’ Electronic Distribution Performance / May 2003|
|Worldwide Hotel Electronic Bookings Up 4.6% in Q1; TravelCLICK’s eMonitor Now Includes Third Party Internet Bookings from Pegasus / TravelCLICK eMonitor / May 2003|
|TravelCLICK Reports Recovery for Hotel Bookings on Internet and GDS since Onset of Iraq War - Company Issues Tips to Hotels: Don't Stay Quiet / April 2003|
|Strategic Hotel Capital Endorses TravelCLICK Products / April 2003|
|Cornell’s Center for Hospitality Research Partners with TravelCLICK to Help Hoteliers Improve Revenue Management Strategies / April 2003|
|Hotels Experienced Considerable Growth in Room Nights Booked Electronically Through the Global Distribution Systems in Q4; Luxury Segment Room Nights Booked Electronically Grow 21% / TravelCLICK eMonitor / Feb 2003|
|Electronic Bookings for Worldwide Hotel Industry Show Improvement - TravelCLICK Issues Third Quarter eMonitor / November 2002|
|Report on Electronic Bookings for Worldwide Hotel Industry Shows Luxury Segment Leads the Way to HotelRecovery in Q2 / TravelCLICK Issues Second Quarter eMonitor / Aug 2002|
|Room Nights Booked Electronically Down 10% from the First Quarter of 2001, Revenue Off 18% / eMonitor / June 2002|
|Worldwide Hotel Room Nights Booked Electronically Through the Global Distribution Systems Down 12% Versus 4th Qtr Last Year / eMonitor / Feb 2002|