HotelTravel.com has launched its Dynamic Rate Management System (DRMS) for partner hotels. The technology provides flexibility in managing rates and inventory.

Published: 09 Nov 2009

HotelTravel.com has launched its Dynamic Rate Management System (DRMS) for partner hotels. The technology provides flexibility in managing rates and inventory.

The online travel company says the system will enhance the company’s ability to expand its product selection and negotiate more direct contracts with international hotel chains.

The system has been developed in-house by the HotelTravel.com software development team.

HotelTravel.com’s CTO, Graham Johnson, said that the DRMS allows hotels to control rates and inventory on a daily basis or during a variable date range, with features that can be applied to individual business models or seasonal booking cycles.

“The beauty of the DRMS is that it allows an individual independent hotel or hotel chain an equal advantage. Either has the ability to target different markets with differentiated rates, or manage multiple promotions quickly and easily across a variety of brands,” he said. “Additional services offered within the DRMS, includes full access into our back office reservation systems for their reservations, allowing the hotel to manage many aspects of the customers reservations conveniently,” he added.

According to Johnson, the DRMS Rate Control page allows for complete, secure management of all rates, hotel inventory, meal plans, and cancellation information for multiple room types across a broad date spectrum.

The system would particularly appeal to hotel revenue managers, who would be able to easily enter and maintain all promotions for individual or chain hotels, stated the company.