Ordinarily, a product update doesn’t merit a spotlight on its own.
But a few things set apart the news that Booking.com, the e-commerce company that lists 865,000 hotels and accommodations, has updated its RateManager software, offered through its BookingSuite business-to-business segment.
First, the competitive context: Many companies have lately been vying to offer revenue management software to hotels via cloud-based software. These companies — which have been having a hot moment right now — are eyeing Booking’s moves into the space warily.
In May 2015, Booking.com acquired Pricematch, a Paris-based revenue management startup that had been getting a lot of attention for its use of data mining of competitors’ prices, historical demand, seasonality, local events, and other factors, along with its use of advanced econometric tools.
Read rest of the article at: Tnooz
