5 Kotimaailma Apartments leverage RateTiger channel manager for rate and inventory management
Online PR News – 24-July-2014 – Helsinki, Finland, 23 July, 2014: – Kotimaailma Apartments, one of the leading apartment-hotel chains in Finland, has partnered with eRevMax to expand its business exposure and optimize online revenue. All five properties owned by the group are using RateTiger Channel Management solution for managing availability, rate and inventories (ARI) across their online distribution mix.
Kotimaailma offers fully furnished serviced apartments in the central area of Turku, Tampere, Helsinki, Lappeenranta and Oulu in Finland. RateTiger Channel Manager will help Kotimaailma to increase online sales by ensuring real-time room availability across all distribution channels through the automatic adjustment of availability from a pooled inventory. All reservations made on these distribution channels will be captured, and available inventory will automatically be redistributed helping the hotels push last-room availability thus ensuring maximum occupancy.
“A channel manager program is a "must" in our business nowadays since we are expanding to new cities in Finland and consumers and tourists are a growing part of our business. To have a tool like RateTiger for managing multiple channels is just great. And good support and training from RateTiger is highly appreciated ,” said Hans Ekholm, Owner, Kotimaailma Apartments.
As one of the early adopters of online travel, intense competition in the Finnish hospitality sector has made it important for accommodation providers to optimize all demand sources. Online is the preferred mode of booking for most domestic customers with 56% leisure accommodation bookings being made through the Internet. By leveraging the flexibility of RateTiger’s solution, Kotimaailma can maximize its revenue opportunity and reduce its distribution costs by quickly and efficiently increasing its distribution reach.
“RateTiger by eRevMax will help Kotimaailma Apartments having complete control over revenue management. They will be able to identify the best producing websites, while also improve the relationship with channels that have a lower commission. They can diversify their product offerings by creating new room-types and packages to cater to needs of a wider audience, which will have a positive impact on hotel bookings,” said Cristina Blaj, Director-Sales, Europe, eRevMax.
RateTiger, from eRevMax, is a fully integrated channel management and connectivity solution that entirely automates the connection between hotel inventory systems and distribution channels, regardless of business model, connectivity type or geography.
About Kotimaailma Apartments: Kotimaailma offers its customers an excellent alternative to a hotel. Very well decorated and equipped, studio, two room and three room furnished apartments are always located within walking distance of city center services. The period of residence may vary from 1 day to as long as needed. In the case of extended stays the price may always be negotiated on a case-specific basis (periods of longer than 2 weeks). Prices always include value added tax, contents insurance, sheets and other bedding, final cleaning, water and electricity charges plus all the equipment to be found in every Kotimaailma apartment.
About eRevMax: eRevMax is the leading provider of online distribution, channel connectivity, market intelligence and revenue management solutions to the hospitality industry. The company delivers its premium hotel channel management product RateTiger, web-based solution SimpleDistribution and its real-time enterprise connectivity gateway - Connect, to the hospitality and travel industry. Incorporated in 2001, eRevMax serves over 7000 customers and 20000 hotels worldwide with offices and R&D centers across three continents.