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HQ revenue (formerly HQ plus) and Hostelling International (HI) have just announced their new partnership. Both companies aim to encourage hostels all over the world to improve their pricing strategy by making the most of revenue technology.
HQ revenue is pleased to support almost 4,000 HI properties by offering them easy access to the Market Intelligence rate shopping solution.
Prospects will join other renowned hostel chains such as a&o Hostels, Meininger and Wombat's, that have already benefited from the tool.
HQ revenue allows hotels and hostels to identify high-yield periods and periods of low demand at an early stage, all while monitoring competitors’ room rates and tracking information about events, conferences, and fairs.
Thanks to reliable real-time data, information on the city demand and its multi-property and multi-user accounts the tool will give members of Hostelling International a winning competitive advantage.
HQ revenue (formerly HQ plus) offers a precise overview of the most important distribution channels to revenue managers and hoteliers for both individual and larger hotel chains. Their proprietary software combines all relevant data into a user-friendly interface. This enables a timely response to market changes and thus significantly contributes to the sales and earning improvement of each house. HQ revenue is Europe's current market leader with circa 2,000 customers. The company, founded in Berlin in 2012, currently has 24 employees.
Hostelling International is a non-profit organization that coordinates almost 4,000 hostels across nearly 80 countries worldwide. HI works relentlessly to expand its network to new places, working with governments and voluntary agencies to create the same practices and high standards everywhere. Its members are committed to bringing a positive experience to young people of all nations with no distinction of race, nationality, color, religion, sex, class, or political opinions.