Automated Competitor Rate Shopping & Rate parity check tool

Automated Competitor Rate Shopping & Rate Parity Check Tool

Welcome to Precium’s Automated Competitor Rate Shopping & Rate Parity Check Tool. Our tool streamlines the tedious process of manually tracking competitor rates and ensures your pricing remains competitive and consistent across all online channels.

Real - Time Competitor Rate Shopping Tool

Gain a significant edge in the dynamic hospitality market with our Real - Time Competitor Rate Shopping Tool. This feature provides an intuitive and comprehensive view of competitor pricing, allowing you to make informed decisions swiftly. You can monitor competitor rates based on various parameters, including specific dates, chosen platforms (Mobile or Desktop), different distribution channels such as Makemytrip, Booking.com, Expedia.com, Agoda and more, Length of Stay (LOS), Room Type, and Meal Type. The tool visually presents a price comparison, clearly highlighting whether your rates are positioned Correctly in the market. Stay updated with Real time alerts about your competitor price changes.

Key Advantages of Competitor Rate Shopping:

• Enhanced Productivity: Automate the daily task of monitoring competitor prices, freeing up your team's time for more strategic activities.
• Improved Conversions: React quickly to frequent rate fluctuations in the market, leading to better conversion rates.  
• Future Rate Comparison: Easily search and compare competitor rates for future dates, allowing for proactive planning.  
• Smart Filtering: Utilise intelligent filters to refine your search and compare specific room categories and meal plans relevant to your strategy.  
• Effortless Data Export: Export data easily to Excel, providing Revenue Managers with the necessary information to strategise effectively for future dates.
• Optimised Decision-Making: Leverage accurate and timely data to improve your decision-making process, ultimately leading to RevPAR growth.

Rate Shop Scheduling and Real Time Alerts:

Take control of your rate monitoring process with flexible scheduling options. Our tool allows you to schedule rate shopping reports according to your specific requirements and customise the delivery times to seamlessly integrate into your workflow. Never miss a critical market shift with our real-time alert system. You can configure alerts to be instantly notified if a competitor’s price changes by a specified percentage or if a competitor hotel becomes sold out. Easily manage your alert contacts to ensure the right people receive timely notifications. This proactive approach facilitates timely and accurate decision-making.

Rate Parity Audit

Maintaining rate parity across all your online distribution channels is crucial for maximising revenue and guest trust. Our Rate Parity Audit tool simplifies this process. It allows you to quickly and efficiently check your hotel's rates across a multitude of platforms, including Makemytrip, Booking.com, Expedia.com, Agoda, Cleartrip, and Goibibo. You can perform audits based on specific dates, platforms (Desktop shown in the example), channels (All channels can be selected), LOS, and the number of guests. This ensures that your pricing remains consistent and that you are not underselling or overselling on any particular platform.

Market Dynamics & Competitor Intelligence