Hotelogix.com has started working with PriceMatch to offer independent hotel clients of its property management solution revenue management capability.
The partners claim the integrated solution has already enabled room rates to rise 17% in trials with a Buenos Aires hotel Alta Piazza.
Hotelogix said “revenue management is one of these challenges, especially when a hotelier is competing with other businesses in similar localities and service offerings.
“Price is often the differentiator for travellers, making optimal room pricing a top priority for hoteliers.”
PriceMatch uses a dynamic pricing model to help hotels are maximising revenues, based on factors such as season, timing, and other available market information.
The pricing tool recommends day-by-day rates to the hotel to be updated across online travel agencies, web booking engines, and the Property Management System (PMS).
Prabhash Bhatnagar, founder of Hotelogix, said: “We added a revenue management service that will work seamlessly for users of both Hotelogix and PriceMatch.
“It is an important milestone that is in line with our commitment of keeping our customers ahead of the technology curve, making them more competitive and profitable.”