RateTiger Introduces Price Transparency with Intelligent Rate Data
RTSnapShot helps corporate buyers better understand hotel rates
London, UK - 9 August 2011 - RateTiger has launched a new price shopping service and has optimized its rate data technology to help buyers gain further insight to the marketplace.
The premium channel management company has enhanced its RTCorp offering and launched a new product to help the industry better see how hotel rates are behaving. RateTiger is now making all its rate data available to online hotel sales channels, hotel chains and corporate buyers to provide greater pricing transparency for the industry.
RTCorp Snapshot provides a one-off report service that is calendar or event and location specific to help buyers or sellers better understand rate performance at a given time without the need of a long term commitment.
Both travel bookers and online travel agents can monitor hotel rates across multiple channels to ensure that prices are reflective of negotiated rates or conform to contractual agreements. This data can be extracted from thousands of travel websites and hotel sites and the Global Distribution Systems (GDS).
"We've been inundated by requests from corporations and travel management companies to tailor our RTCorp service to allow them to get just a snap shot of the hotel marketplace," said Keith Watson, Division President - RTCorp, RateTiger. "Whilst many of our customers need to receive regular rate data to monitor prices, some in the corporate space need it only monthly or quarterly dependent on events or budget planning. RTSnapShot gives them only the most relevant pricing data without long-term commitment to an ongoing subscription, making better sense for budgets and rate planning."
RTCorp is also available as an annual unlimited usage contract, pay as you go or as a plug-in to existing pricing or revenue management systems.
RTCorp Snapshot will be available for demo at GBTA 2011.
About RateTiger:
RateTiger is a premium rate shopping and channel management solutions provider, a thought leader in online sales and revenue management. RateTiger's Product Suite, security certified under ISO 27001:2005, empowers and enables the travel and hospitality industry to compare rates with competitors on a real-time basis and update a wide variety of distribution channels and travel portals easily and efficiently with the largest online channel management network (750+) and XML connections (150+) available. For more details, please visit www.ratetiger.com
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Marriott International, Inc. (NASDAQ: MAR) is a global leading lodging company based in Bethesda,Maryland, USA, with more than 4,200 properties in 80 countries and territories. Marriott International reported revenues of nearly $14 billion in fiscal year 2014. The company operates and franchises hotels and licenses vacation ownership resorts under 19 brands, including: The Ritz-Carlton®, BVlgari®, EDITION®, JW Marriott®, Autograph Collection® Hotels, Renaissance® Hotels, Marriott Hotels®, Delta Hotels and Resorts®, Marriott Executive Apartments®, Marriott Vacation Club®, Gaylord Hotels®, AC Hotels by Marriott®, Courtyard®, Residence Inn®, SpringHill Suites®, Fairfield Inn & Suites®, TownePlace Suites®, Protea Hotels® and MoxyHotels®. Marriott has been consistently recognized as a top employer and for its superior business ethics. The company also manages the award-winning guest loyalty program, Marriott Rewards® and The Ritz-Carlton Rewards® program, which together surpass 50 million members. For more information or reservations, please visit our website at 
