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HQ revenue and Hostelling International join as part of a new partnership. Both companies encourage hostels worldwide to improve their pricing strategy by making the most of hospitality technology.
HQ revenue is happy to support 3,700 Hostelling International (HI) properties by offering easy access to the Market Intelligence rate shopping solution.
HI will join renowned hostel chains like a&o Hostels, Meininger, and Wombat's that already benefit from the tool.
HQ revenue lets hostels identify high-yield periods as well as stretches 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 gives members of Hostelling International a winning competitive advantage.
HQ revenue 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 contributes to the sales and earning improvement of each house.
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.