Welcomes 3000th Customer
|Chicago, IL (March 17, 2004) - TravelCLICK
announced today the release of RateVIEW 2.0, and simultaneously welcomed
its 3000th hotel client to the most widely used competitive rate intelligence
tool in the hospitality industry.
Wyndham International, a hospitality company offering upscale and luxury hotel and resort accommodations, recently selected TravelCLICK's RateVIEW report to further improve pricing control and revenue management at its 150 properties throughout North America and the Caribbean. This addition pushed the RateVIEW subscriber base above the 3,000 hotel mark.
RateVIEW already provides hoteliers the most advanced technology for accessing, retrieving, analyzing and archiving up-to-the minute pricing data for their revenue management and pricing decisions. The newest release, RateVIEW 2.0, further extends TravelCLICK's technology leadership by incorporating scheduled and on-demand reporting capability, user templates that can be customized, week-over-week change analysis, enterprise access via TravelCLICK's Electronic Marketing Centre, and data handoff to revenue management systems.
One year after being introduced, RateVIEW has become the industry standard for enabling hotel properties, brands, and management companies to monitor compliance with their best rate guarantees and to ensure pricing integrity across all electronic channels. Major companies that support RateVIEW as their rate monitoring tool now include Hyatt, Hyatt International, Hilton International, Raffles, Swissotels, Radisson, Fairmont, Orient Express Hotels, Four Seasons, The Savoy Group, Caesar Park Hotels, Ian Schrager Hotels, Wyndham International, InterContinental, Loews, Kempinski, Boscolo Hotels, and a number of key ownership groups such as The Blackstone Group, Interstate, Grupo Posadas and Sunstone.
"Only TravelCLICK provides up-to-the-minute, non-cached data with the support of local consultants to make it that much more relevant and actionable," said Chris Heinz, senior vice president of distribution and revenue management for Wyndham International. "Having data is great, but it's the interpretation of that data which enables our properties to make smart revenue and pricing decisions."
"Hotels have told us that local support is extremely important to them in maximizing the benefit they get from the data," said Richard W. Gray, chairman and co-chief executive officer of TravelCLICK. "Other companies just provide a report. TravelCLICK provides a report and the support of more than 100 consultants in local markets worldwide to help hoteliers get value out of the data."
"TravelCLICK is investing much more in data acquisition technology and reporting tools than any other firm. That investment reflects our focus on providing the highest quality data and best rate intelligence tools in the industry," said Ray Cohen, president and co-CEO of TravelCLICK. "The new enhancements available in RateVIEW 2.0 bring more report options and richer information to our user base. They also serve as a foundation for more efficient and reliable acquisition of data from the hospitality industry's distribution systems. The higher the data quality, the better equipped our customers are in making key pricing and revenue management decisions. That, to us, is what this is all about."
Established in 1996 and headquartered in the Chicago area, TravelCLICK operates in more than 140 countries around the world. The company has over 6,800 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.
|Also See:||TravelCLICK Reports 6.3% Increase in Electronic Hotel Room Nights Worldwide in Q4; Travel Agent Bookings Represent 40% Higher ADR than Consumer Internet Channel / eMonitor Results / February 2004|
|TravelCLICK's RateVIEW Adopted by Interstate / January 2004|
|TravelCLICK Names Mandarin Oriental Hyde Park, London E-Marketer of the Year / January 2004|
|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|