Expedia Group Expands Access to Revenue Performance Insights
Sabre Hospitality is first to embed Expedia Group’s revenue performance insights in their platform via the new API
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 Group helps knock down the barriers to travel, making it easier, more enjoyable, more attainable and more accessible. We are here to bring the world within reach for customers and partners around the globe. We leverage our platform and technology capabilities across an extensive portfolio of businesses and brands to orchestrate the movement of people and the delivery of travel experiences on both a local and global basis. Our family of travel brands includes: Brand Expedia®, Hotels.com®, Expedia® Partner Solutions, Vrbo®, Egencia®, trivago®, HomeAway®, Orbitz®, Travelocity®, Hotwire®, Wotif®, ebookers®, CheapTickets®, Expedia Group™ Media Solutions, Expedia Local Expert®, CarRentals.com™, Expedia® CruiseShipCenters®, Classic Vacations®, Traveldoo®, and VacationRentals.com. 2020 Expedia, Inc., an Expedia Group company. All rights reserved. Expedia and the Expedia Group logo are trademarks of Expedia, Inc. CST#