SEATTLE—Expedia Inc. has launched Rev+, a revenue management tool designed to provide hotel partners with smart, actionable data and insights. As part of Expedia Partner Central (EPC), the company’s partner portal that helps hotels manage their properties and rates, Rev+ brings in new functionality, comes at no additional costs for hotel partners and doesn’t require additional sign-up.
Benoit Jolin, VP of Expedia’s global product, said, “Our hotel partners see value in the data we provide and have expressed a need for additional support, insights and access to greater intelligence to help them more effectively refine their revenue strategy and make informed business decisions. Rev+ was created from this feedback, along with months of testing that informed the first version of the product. The phased rollout is starting now, and we expect to make significant enhancements over the coming months.”
Current features include a price calendar, a comprehensive view of a hotel’s pricing relative to its market for the next 90 days; market demand score, where hoteliers can view future demand for their market based on millions of data points from the Expedia Inc., family of websites; daily market alerts that notify hotel partners of changes to public prices in their market within the past 24 hours; and competitive price grid, which surfaces pricing trends for the market over the next 90 days.
Rev+ will be gradually rolled out to hotel partners globally.