Hotel customers witness double digit revenue growth YoY
April 25 2016, 12.28 PM IST || Pocket News Alert
London, 25 April 2016: eRevMax, the leading hotel technology provider, announced today that it witnessed around 11% growth in hotel booking revenue generated in 2015. Hoteliers continue to attract increased online bookings thereby generating over USD 1.9 billion in booking revenue through eRevMax platforms.
The company published these figures based on revenue generated by properties that currently use eRevMax reservation delivery services through its RateTiger, RTConnect and LIVE OS solutions. eRevMax processed a cumulative of 5 million new reservations in 2015, equating to an average of USD 380 per booking. As per reports, average reservation revenue generated through eRevMax solutions was over USD 300,000 per property, with the highest revenue for a particular property being a staggering USD 30 million.
“These positive revenue figures further underline the importance of using a professional grade distribution solution to achieve growth targets. We continuously strive to ensure our customers gain from our principle of ‘Save Time Make Money’ and the figures reflect our success in assisting hotels maximize online revenues. We have been proactively integrating new channels and technology partners to our Ecosystem to provide hotels an even more extensive direct connectivity for a wider market reach. I believe these figures are a testimony to the joint success of eRevMax, its partners and its clients,” said Udai Singh Solanki, Chief Technology Officer at eRevMax.
eRevMax is continuously developing its Channel Ecosystem to offer quality certified connections to support complex revenue generation strategies. The company is also actively integrating new partners to LIVE OS – its single sign-on platform to help hotels access multiple applications and service providers for business process improvement.
Meet Team eRevMax at Arabian Travel Market in Dubai from 25 – 28 April 2016. Email at marketing@erevmax.com to book a meeting today!
About eRevMax: eRevMax is a travel technology company that helps hotels to maximise online revenue opportunities through real-time distribution, market intelligence and connectivity solutions. The company provides specifically tailored solutions within its core product brands – RateTiger, RTConnect and LIVE OS.
RateTiger product suite offers the industry’s leading ChannelManager for online distribution, Shopper for rate benchmarking and BookingForce to help drive direct bookings from the hotel’s brand.com. RTConnect provides seamless 2-way XML integration of channel management functionality with the hotel’s central systems. LIVE OS offers hotels a single sign-on platform to access multiple applications, while offering technology partners a chance to get in front of hotels allowing greater distribution of promotional opportunities.
eRevMax is working closely with over 200 certified channel and technology partners as well as 9000 hotels worldwide helping them increase revenue opportunities and streamline business processes.