Expedia has launched its revenue management product Rev+ into the Australian market. At first glance Rev+ appears quite basic when compared with established revenue management products but has one major competitive advantage – it is free. Features include:
- Price Calendar: Displays a hotel’s pricing relative to their (nominated) competitive set for the next 365 days.
- Daily Snapshot: Additional insights about what’s happening on a specific day; including forecasted demand and known events.
- Competitive Price Grid: Reveals hotel pricing trends relative to competitive set over time.
Expedia says Rev+ will be improved over time, incorporating partner feedback.