RateGain, the leading hospitality & travel technology Company, released its Hotel Pricing Trends and Hotel Rate Parity report. A single window BI dashboard, which enables revenue professionals on cheapest rate visibility, tracking hotel rate parity along with median rate for three (3) months of three, four and five star hotel category across some of the major cities in USA.
Data range spans across Nov 2013 to Jan 2014, starting from the first week of Oct (all rates in US dollars and for two adults on one-night stay). Performance Facts: In price trends report: Lowest rate trends over the three months from November to January are generally flat or slow a slight upward movement in all categories. The exceptions are Miami for 5-star and Los Angeles for 4-star where the lowest rates are trending upwards in December and January. Median rates across all categories are also mirroring the relatively flat trend although in New York the median rates in the 3-star and 4-star categories spike noticeably higher in December. As noted in previous reports, the widest range of rates (shown by the difference between minimum and median numbers) is seen in Chicago, Los Angeles, Toronto and Vancouver. Predictably, New York leads the way in terms of rate range with4-star hotels offering rates ranging from a minimum of $156 to a median of $530 in December. Price trends for 3 star hotels – USA (Nov 13 – Jan 14) Click here to view the full report In Parity trend report: The level of rate parity between hotel websites and OTAs is noticeably higher than previously for many of the locations covered by the report, which is for the period from November 2013 to January 2014. Hotels in Las Vegas and New York have the lowest levels of parity for the 3-star category; conversely Houston and Las Vegas shows rates in parity at more than 20% for 5-star category hotels. The largest proportion of the cheapest rates was to be found on the OTA sites across all hotels except for 5 –star category hotels in Las Vegas and Houston; brand sites are also showing a proportion of the cheapest rates in Vancouver but this is not a generally reflected trend. The legal challenges being made to rate parity agreements in some parts of the world may lead to a reduction over time in the measured levels of rate equivalence through different channels. Rate parity for 3 star hotels – USA (Nov 13 – Jan 14) Click here to view the full report NB1: RateGain specializes in competitive price intelligence and rate shopping solutions for hotels. It currently tracks more than one billion hotel rates every month across countries in US, Europe, Middle East, Asia and Latin America. NB2: The above data is indicative in nature and RateGain can't be held liable for its accuracy or usefulness for any purpose.
About RateGain
RateGain is a leader in hospitality and travel technology solutions for revenue management decision support, rate intelligence, seamless electronic distribution and brand engagement helping customers around the world to streamline their operations and sales. RateGain global customer base comprises leading travel suppliers and intermediaries including airlines, hotels, cruise lines, car rental companies, online travel agents, tour operators and wholesalers. Since its inception in 2004, RateGain expertise in innovating solutions for the dynamic travel ecosystem has resulted in continuous growth and an established positionas a thought-leader and trendsetter in the marketplace. For more information visit us at www.rategain.com.
Organization
RateGain Technologies Limited
https://www.rategain.com
6th Floor, 9 Appold Street
London, EC2A 2AP
United Kingdom
Phone: 44 2035141419
Email: marketing@rategain.com
Recent News
 RateGain Announces Exclusive Partnership with Aztech Digital to Accelerate UNO VIVA’s Expansion Across Greece and Cyprus |
 From Data Overload to Commercial Clarity: Why Hotels Need Smarter Decision Intelligence | By Mayank Rastogi |
|
The Future of Hotel Distribution Is Holistic, Not Just About AI - The Voice of a Hotelier |
