Rate Tiger Unveils Beta Version of Forecasting Tool

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. October 14, 2008

COLONIA, NJ, June 16, 2008. Managing room inventory and rates across numerous distribution channels is a challenge for hotels and chains of all sizes, from the smallest independent properties to the largest names in the industry. To help manage this online distribution and ensure hotels can identify and guarantee the most competitive rate at any given moment, Rate Tiger today announced an innovative hospitality technology offering to optimize management of online hotel inventory distribution and revenue strategy. The limited beta version of RTStrategy, the first affordable intelligent software aiding hoteliers in online benchmarking, rate calculation and forecasting as well as distribution management, debuted at the annual Hospitality Financial and Technology Professionals (HITEC) conference in Austin, Texas.

RTStrategy promises simplified, improved yield and price management for hoteliers. The product assesses price points in comparison to competitors and evaluates distribution outlets to provide a revenue schedule through three unique strategy options: Position, Occupancy and Parity. All three can be combined with a Lowest Rate Guarantee.

"This is the first complete package for hoteliers seeking to optimize yield from third-party distribution sites," said Andrew Morsi, founder & CEO, Rate Tiger. "The comprehensive software is a strategic resource for hoteliers based on the three primary criteria of position, occupancy and parity. Hoteliers no longer need to worry about number-crunching every day. Instead revenue can be put in the hands of technology so customer service can remain a priority."

For any channel, RTStrategy will allow hoteliers to work with Lowest Rate Guarantees integrated into the three key strategies. Revenue managers can preview up to an entire year through each strategy to gauge yield.

RateTiger has also included a "Hot Date" feature allowing users to apply different strategies for different date ranges dependent on successful holidays, business periods or events for the hotel.

"We believe this will be the ultimate tool to help hoteliers manage their strongest and weakest periods to maximize not just on occupancy, but also on rates," added Sascha Hausmann, Chief Operating Officer at RateTiger. "Forecasting and rate calculations will be quicker and provide a realistic overview for the property. Hoteliers will have the opportunity to focus on other critical business areas rather than an unbalanced workload for figuring out rates, distribution and subsequent online sales."

RTStrategy will also include the innovation of an Allocation Pool Control, meaning available inventory can be automatically positioned to a successful sales channel based on set parameters. This will benefit both the hotelier and the distribution channel.

"This is intelligent software that will further aid the needs of hoteliers by acting as an automatic programmed timer - supplying inventory and managing rates accordingly," said Morsi.