eRevMax boosts hotel online revenue, generates USD 1.9 billion in 2015
Hotel customers witness double digit revenue growth YoY
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 us on [email protected] to book a meeting today!
About RateTiger
RateTiger by eRevMax is a market leader in hotel technology and provides Channel Manager, Rate Shopper, Booking Engine, Website Design, Digital Marketing services as well as GDS and Metasearch Distribution solutions to large hotel chains and resorts, mid-scale groups as well as independent boutique properties worldwide.
RateTiger connects to over 450 distribution and technology partners. It has deep two-way integration with distribution channels as well as leading PMS, RMS, CRS, Booking Engine and other hotel technology systems for a seamless online distribution experience. Data security and privacy is a key aspect for RateTiger – it is ISO and PCI certified as well as GDPR compliant. RateTiger is known for its stable solutions with 99.9% product uptime and provides 24x7 multilingual customer support to hotels globally to assist in revenue generation objectives.
For more details, please visit www.ratetiger.com or contact us on [email protected].
Neha Ginoria
Marketing
+44 (0) 7825 661575
