Apart from the complexity of various channels the Online Travel Agencies have to deal with, there is an enormous pressure to know what are the various rates at which inventory is being made available for booking on competitor websites. Even in a manual tracking which take ages to do, there is really no guarantee that they have been able to cover the entire competitor pricing and inventory status to adopt the right pricing strategy to beat the competition.
So what really Rate Gain offers with the OTA -NetReport solution is a way by which you can easily do "Rate Tracking" or "Rate Monitoring" on where things stand with its “Pricing Intelligence” reports.
With the help of the NetReports a commercial/product manager can have an exhaustive report on not only the competitive pricing but also the inventory status that is available on competitor websites.
With the OTA NetReports you not only can have the base price but also have the capability to “Slice and Dice” it for finding trends. So in an advanced mode you could know what variance in prices your inventory has to your competitors, find out which is the cheapest hotel under each start segment, what is the status of the inventory on your competitor websites, how many properties are priced lower or higher to your competitor etc.
Apart from that you have the flexibility to set business rules through which you could have simple e-mail alerts whenever a specific price or an inventory threshold changes on the competitor websites.
These reports can be fully customized to client specifications to the extent that you could directly integrate it to your internal applications via a XML hook, have the reports dumped in excel and additional trend analysis features on client requests.
The reports are delivered both on-demand and scheduled as per the client needs so at all points of time you are updated with the latest competitive pricing with the click of a button.
How does it work? (View Diagram) |
