Booking.com’s new RateIntelligence to provide ‘competitor rate information’
Bookingsuite – the business-to-business arm of the Booking.com – has announced the global release of new market intelligence tool, RateIntelligence.
RateIntelligence will give accommodation partners of Booking.com the opportunity to make “smart pricing decision” in real time through instant access to market demand data and competitor rate information up to a year in the future.
Bookingsuite said the tool is the only one of its kind to provide accommodation providers with daily updates on market demand data and rate shopping insights for their property 360 days in advance.
In addition, through a launch programme, partners of Booking.com who sign up for RateIntelligence before 30 September 2016 will have free access to the product for as long as they remain a partner.
Rob Ransom, global director of BookingSuite, said: “Accommodation providers today are eager for tools that enable them to respond in real-time to market and competitive shifts. With RateIntelligence, our partners now have easy access to a product that enables them to make better pricing decisions in less time.”
