Kolkata– RateTiger’s premium rate shopping technology has been nominated for a Business Traveler Innovation Awardwithin the Travel Management category.

RTCorp has been recognized by the industry just one year after launching to the market. The Business Traveler Innovation Awards are part of the GBTA Convention 2011 by The Wall Street Journal and the Global Business Travel Association to honor travel industry professionals who have developed innovative business practices and/or consumer products.

RTCorp helps monitor hotel rates in the public market in both real-time and via scheduled reports. The technology sends automated alerts that filters hotel-pricing data into exception information and delivers it to the appropriate manager to action.

This helps corporate buyers, travel websites and hotel companies monitor violations or discrepancies in room rates while providing intelligent rate shopping data to better understand the market.

Travel websites and hotel companies have been using the price consolidation tool to monitor their hotels to ensure they abide by the agreed conditions and changes in the competitive landscape. While corporate travel buyers are monitoring hotel prices in key locations to ensure they optimize their negotiated rates.

“Rate notifications are helping our customers keep tabs on prices; hotel companies use it to ensure compliance with policy, and OTAs want to know as soon as one of their competitors makes changes,” said Keith Watson, Division President – RTCorp, RateTiger. “Effective rate management now requires real-time information and pricing alerts help cut through large volumes of rate data to show when specific rules are breached. RTCorp is helping corporate travel buyers better know if what they negotiated is actually being made available, and how the rest market is performing. Therefore evolving how the industry agrees rates”

RTCorp is available as an annual unlimited usage contract, pay as you go, one-off reports or as a plug-in to existing pricing or revenue management systems.