While in parts WTM 2012 seemed quieter than in previous years, attendees were much more ready to develop more sophisticated revenue management strategies as their pricing structures and sales environment becomes more complex. Hoteliers are much more aware of channel management and the functionality required to optimise the performance of their sales channels.
As they look further into how to improve their RevPar through direct selling, better commissions and improved visibility they realise the importance of having the right tools to support them. Channel management is an outgoing, but if used right the cost can be covered in a matter of months, while also helping the revenue manager to yield more.
Our partners Xotels, just prior to WTM, explained the key to deciding on the right channel manager for your hotels .
Channel Management: an ongoing challenge for hotels - part 1
During the Travel Technology Presentation, The Three P’s of Hotel Sales, Best Western Belgium explained the benefits of the right data and direct access to various channels for over 55 properties.
LateRooms explained the challenges faced in the new consumer buying pattern and the points of influence in social media.
While eRevMax identified the opportunities ahead for hotels and how technology must be approached to meet these changing demands.
WTM is an opportunity for hotels to benchmark technology providers and learn about the market, even our own junior team came away inspired and enthused – learning much more about the industry than you can simply by reading articles and making phone calls.
However we have much more education to do, as we launch RTSuite 3 to start optimising and automating channel connectivity solutions for hotels to achieve more bookings at better rates! Check out our new RTSuite 3 in the video below to know more.