Sydney's newest international hotel, the Tank Stream Hotel, has become the first hotel in Australia to use Duetto's pace-setting Revenue Strategy applications, complementing the hotel's commitment to offering cutting-edge technology to its guests.
Duetto's cloud-based applications, GameChanger and ScoreBoard, provide a comprehensive Revenue Strategy for the property that goes well beyond simply pricing hotel rooms.
GameChanger, the rate optimisation solution powered by Duetto's Open Pricing philosophy, will enable the Tank Stream Hotel to yield room prices with greater flexibility, drawing on the latest sources of data to measure demand and guests' price sensitivity. ScoreBoard, the revenue intelligence application, will let the hotel compile and centralise forecasts and performance reports, as well as create and share data visualisations in minutes, to make more informed decisions much faster.
"We could not be more excited to have the Tank Stream Hotel in Sydney as our newest partner," said Patrick Bosworth, Co-Founder and CEO of San Francisco-based Duetto. "The hotel's embrace of Open Pricing and swift execution of the on-boarding process make us confident that we'll have a new champion of data-driven Revenue Strategy in Australia and the Asia-Pacific region for a long time to come.
"The responsiveness of GameChanger and ScoreBoard will allow the hotel to optimise mix and independently yield all channels. It will enable far greater flexibility in managing different market segments, while keeping third-party distribution channels open with fewer restrictions."
General Manager of the Tank Stream Hotel, Klaus Kinateder, said that Duetto's applications were able to both address the hospitality sector's increasingly complex distribution environment and respond to the particular requirements of a heated market like Sydney.
"When you are operating close to 90% occupancy on most days, it is essential that you have all the available data at your fingertips," said Mr Kinateder. "We were attracted by the fact that the Duetto system is intuitive. It can glean knowledge that a major concert or sporting events, or perhaps serious issues with the airport or at the cruise terminal, are having significant effects on demand."
He added that the Tank Stream Hotel looks forward to being able to make pricing and distribution changes remotely and quickly, using continually updated data.
"Since opening just over a year ago, we set for ourselves the goal of being one of the most technologically sophisticated hotels in Sydney," Mr Kinateder said. "We offer guests the best free high-speed internet in the city, as well as free in-room movies, and now we will complement that with the most advanced technology to manage the hotel's room inventory and pricing."
Duetto's signing of the Tank Stream Hotel adds to its existing network, which comprises some 2,000 hotel and casino properties in more than 60 countries.