The leading cloud-based hospitality solution specialist STAAH has partnered with Revnomix Solutions LLP, a seven-year-old revenue management firm with a Global presence, which provides revenue management services to hotels.
The unprecedented times over the last 2 years have taught (as proved to the industry) the Industry that one cannot ignore data for distribution decisions. The present market share of internet retail trade is in excess of 25%, compared to only 12% in the pre-Covid era. This is a big shift in consumer and corporate purchasing behaviour that one may not want to overlook.
Deploying its core expertise of data analytics, Revnomix Solutions has developed “RevSeed”, A Revenue & Strategy Management System. It is one of the leading tool in providing hotel revenue management strategies that emphasizes volume, rate, market-linked, availability strategy with Artificial intelligence (AI), & Machine learning (ML) and Algorithms. Revseed provides: which is based on Artificial Intelligence (AI) and Machine Learning (ML).
“With the on-going circumstances that the entire world is experiencing, there is a need for the hospitality industry to rethink their revenue management strategy,” says Sainath Vernekar , Partner of Revnomix Solution LLP. Commenting on the partnership Sainath said, “We are extremely pleased to have an industry-leading distribution technology provider like STAAH onboard. This would empower the Hoteliers in the country to optimize their online revenue with a successful distribution strategy.”
Revnomix specializes in the automation of Revenue management services for independent indigenous hotels in India, Internationally, Revnomix services some highly reputed brands in the Hospitality space like The Marriott Group, IHG, Hilton, Hyatt, Wyndham Hotels, Best Western and more covering markets in Middle East/ Africa and USA
Revnomix has been our partner for a few years now. Their implementation of dynamic pricing strategies has shown great impact on both our properties. Last year we were introduced to Revseed. This has assisted in not only automating the revenue management process but in looking at revenue management with a strategic approach.- Monit Dhavale, Sr. Vice President – Hospitality, Sula Vineyards.
“STAAH is renowned for providing the most advance technology for accommodation providers of all types, helping them maximize their online revenue and staying ahead in the competition,” says Rajesh Ghanshani, Director Business Development – Indian Subcontinent – STAAH.
“We are delighted to partner with Revnomix, a leading player in the revenue management space. Futuristic and Innovative Solutions like – Revseed, based on Artificial Intelligence (AI) and Machine Learning (ML) will revolutionize the revenue management space,” Rajesh added further.
About Revnomix
Revnomix, Hotel Data Analytics & Revenue Management Solution Company provides simplified solutions to hotels to process data, make informed, accurate decisions and grow their business. They utilize their experience, the latest technology and customer service to make data analytics and revenue management seamless for clients.