London, Dallas & Singapore, May 21, 2020 - OTA Insight, the cloud-based data intelligence platform for the hospitality industry, is rapidly developing its market leading business intelligence solution Revenue Insight to deliver several new innovative product features to support hotel reopening and recovery planning.
As the markets start to exit lockdown, hotels’ PMS data will become an even greater source of insights to understand the market and demand shifts at the property level. To make the most of the rebound and business recovery, it’s critical that hoteliers and revenue managers can easily visualise pick-up and pace insights, analyse business mix trends, rapidly adjust forecasts, and most importantly, quickly spot segments that are showing signs of recovery.
“Hoteliers are relying on Revenue Insight more than ever to help navigate unpredictable market conditions” says Sean Fitzpatrick, CEO of OTA Insight. “We’re working closely with hotel and cluster level users to quickly innovate and deliver features and insights based on the ‘new normal’ versus relying on historical trends.”
In addition to monitoring each property’s performance, cluster managers can now manage their hotel portfolio to monitor trends and track data on a granular level. This is increasingly critical as the onset, pace, and intensity of the recovery differs by market, region and customer segment. Revenue Insight multi-property delivers instant access to portfolio performance data to make faster and better decisions suitable for each hotel, as well as comprehending where each property stands in the recovery phase.
Emerging as the first business intelligence solution to remove manual Excel reporting and fully harness the power of detailed PMS data, Revenue Insight empowers multi-department commercial teams to achieve better cross-functional alignment.
Revenue Insight unique property-level features include:
In addition to powerful portfolio-level features:
“Given the volatility and changing nature of the crisis, every hotel has different needs and is at various stages in the recovery cycle. With Revenue Insight, I’m able to make decisions quickly and take action on a micro and macro level as I drive our properties toward recovery”, says Jeff Young, Director of Rev Mgmt Development at Minor Hotels.
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