Expedia Group today announced that key insights from Rev+, Expedia Group's revenue performance solution, is available to select hospitality technology companies through a new application programming interface (API). An industry-first, Expedia Group's connectivity providers can now make proprietary data science insights from Rev+ directly available to their users using this API at no additi onal cost. The Sabre SynXis' platform is the first connectivity partner to integrate the revenue performance insights into their platform. Expedia Group plans to onboard more connectivity partners through next year.
Rev+, also available in Expedia Group's Partner Central, helps lodging partners make data-driven decisions based on real-time market demand trends, increasing their competitiveness and overall revenue performance. The API will externalize the insights from Rev+ to connectivity provider platforms like property management systems and central reservation systems. It will create operational efficiencies and improve decision-making for the lodging partners that use these platforms to manage their day-to-day operations.
Rev+ Insights API provides crucial insights to help lodging partners drive revenue performance. Price optimization alerts notify lodging partners when they could optimize rates. Market recovery insights highlight how the lo dging partner's market & submarket are recovering from the impact of the COVID-19 pandemic. In addition, the API provides access to competitive rate data that the partner can choose to customize.
"As a result of COVID-19, historical data and patterns are less reliable to predict future demand trends and next best actions," said Zuhairah Washington, Senior Vice President, Strategic Partners, Expedia Group. "This is especially true for revenue performance strategies. By providing real-time forward-looking demand and pricing alerts powered by Expedia Group data and machine learning capabilities, the Rev+ Insights API will help lodging partners build effective and informed revenue performance strategies and help them navigate the market uncertainties."
For Sabre Hospitality Solutions, the Rev+ Insights API will create robust revenue performance capabilities within their platform, driving immediate value to their users at no extra cost. "We kn ow our hospitality partners are seeking every advantage to help navigate these uncertain times. By infusing Rev+ into Sabre's trusted SynXis unified platform, we can deliver sharper insights to our clients for superior commercial performance," said Scott Wilson, president of Sabre Hospitality Solutions. "SynXis' ability to curate revenue performance insights from Expedia Group is yet another example of how API integration unlocks the powerful benefits of our platform."
"According to Expedia Group research, 85 percent of lodging properties do not use revenue performance technology. Cost, complexity, and need for trained resources to manage traditional revenue management systems are a hurdle," adds Vivek Bhogaraju, General Manager, Revenue Performance Solutions, Lodging & Vacation Rental, Expedia Group. "The Rev+ Insights API is the next logical step to support our mission of democratizing revenue performance technology for the lodging industry".
If you are an Expedia Group connectivity provider that would like to embed revenue performance insights in your platform, contact your connectivity account manager to express your interest.
About Expedia Group
Expedia® is one of the world's leading full-service travel brands, with a mission of helping travelers get the most out of every trip they take by providing everything they need all in one place, ensuring they are getting the most out of every trip they take, and above all else, feel supported every step of the way.
Our commitment to insights matched with our unprecedented scale allows us to understand our travelers better than anyone else, delivering exactly what they need, when they need it. Our personalized experiences backed by incredible technology, enable us to deliver the widest selection of product offerings across accommodations, transportation, activities and experiences that help you get the most out of your journey.
© 2022 Expedia, Inc., an Expedia Group company. All rights reserved. Expedia and the Airplane logo are trademarks of Expedia, Inc. in the U.S. and/or other countries. All other trademarks are the property of their respective owners.