The leading hospitality guest acquisition platform, STAAH, and RatePing Hotel Pricing Intelligence, a pricing intelligence and revenue management software provider, have expanded their long-standing partnership to cover the former’s Price Intelligence and Revenue Boost capabilities.
Rateping is an Android and web-based application developed to help hotel and vacation rental owners and operators track their room rates versus their competitors’ room rates while keeping an eye on rate parity and Online Travel Agency (OTA) discounting. RatePing is an easy-to-use competitive intelligence product that lets customers decide on pricing based on current market insights, maximizing revenue.
With the enhanced integration, RatePing customers can quickly adjust pricing or inventory based on market intelligence and access the platform’s robust features through their STAAH channel manager.
“We are thrilled to be taking our partnership with STAAH to the next level. STAAH is a company we have looked up to for their unmatched levels of service and our customer-centric approach is very much aligned with their DNA. The ultimate beneficiary of this partnership would be mutual customers who can now easily access RatePing’s product from within the STAAH channel manager,” said Jaideep Advani, Founder of RatePing.
Integrating revenue management software with channel management technology can help hotels and resorts generate more revenue, given the popularity of online booking sites among modern travelers. The partnership eliminates tedious, manual data entry. It enables hotels to more effectively distribute their rates — a necessary advantage given the competitive nature of the industry and the current economic climate.
“We at STAAH have an unwavering commitment to continuously provide our clients with new and exciting tools to increase revenue and make their lives easier. This partnership is a testament to that commitment,” said Rajesh Ghanshani, Director of Partnerships – STAAH. He added that the combined power of STAAH and RatePing will allow their mutual customers to focus on more strategic activities to drive business growth instead of repetitive administrative tasks.
Several STAAH and RatePing customers have already embraced the integration, and participating properties have reported improved team productivity and revenue growth.
“RatePing’s solution is a robust one at a very affordable price,” says Dishant Nagpal, Director of Revenue at Amritara Hotels and Resorts. “The combination of their competitive tracking capabilities and STAAH’s channel manager allows us to easily make informed data-driven decisions to maximize online revenue. STAAH has allowed us to seamlessly distribute our rates and availability to countless OTA’s at the click of a button. Since we started using Rateping, the team has been able to save at least 4-5 hours a day in manually tracking competitor rates and identifying opportunities to increase revenue. The team is thrilled and I couldn’t have asked for a better-combined solution between STAAH and RatePing.”
