Adopted by Interstate
|Chicago, IL (January 26,
2004) - Ray Cohen, president and co-CEO of TravelCLICK, announced
today that Interstate Hotels & Resorts has endorsed TravelCLICK's RateVIEW
report to its 300 managed properties in the U.S., Canada, Portugal
and Russia. Interstate Hotels & Resorts is the nation's largest independent
hotel management company.
RateVIEW is the preferred reporting service by hoteliers who use up-to-the-minute, rather than cached, rate information for their revenue management and pricing decisions. RateVIEW enables the best possible revenue management decisions and keeps hotels up to date on property and competitive activity.
It is 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.
"RateVIEW offers hotels real-time information that is always just minutes old," said Richard W. Gray, chairman and co-CEO of TravelCLICK. "This capability is fundamental to maximizing net revenue from both the Internet and the GDS electronic channels in today's competitive marketplace. We are pleased that an independent hotel management company with the accomplishments of Interstate has adopted RateVIEW as part of its key revenue management strategy."
"To achieve top performance and brand consistency, our hotels need real-time information. RateVIEW is superior in its accuracy, timeliness and presentation of data. It was a natural decision for all of our properties to adopt the report," said Pam Streeter, vice president of electronic distribution/marketing, Interstate Hotels & Resorts.
This year, RateVIEW will be upgraded to include scheduled reporting, along with a feature that allows users to identify "fences" associated with the rate (i.e., advance purchase restrictions, cancellation/change penalties, pre-payment).
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, NH Hotels, 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.
Director of Marketing
|Also See:||TravelCLICK's eMarketer Honors To Be Presented at HSMAI Travel Awards Night Gala Dinner Jan. 26, 2004 / January 2004|
|TravelCLICK's RateVIEW Endorsed by InterContinental Hotels Group's Asia-Pacific Properties / December 2003|
|Electronic Bookings for European Hotels Increase 5.8% in Q3 / November 2003|
|Electronic Bookings Up 10.5% in Q3 for Hotels Worldwide; Consumer Internet Component up 51.6% / eMonitor Results / November 2003|
|Brand Sites Produce 67% of all Major Hotel Chain Internet Reservations / eTRAK Results / October 2003|
|Hotwire.com Joins TravelCLICK's Consumer Media Network / October 2003|
|Travel Agents Still Rely on GDS for Hotel Selection; 83% of GDS Terminals Receive Text Messaging/Advertising / Ray Cohen / October 2003|
|Hilton International Selects TravelCLICK’s RateVIEW / September 2003|
|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|