Egham, UK, 7th June 2018 –Triometric, a leading provider of API traffic monitoring and search intelligence for online travel companies, today announced it is forging a business development partnership with Revva, a Palma headquartered revenue management and business intelligence specialist for the hospitality industry. Both companies have extensive experience in delivering their respective business intelligence solutions to large and small customers in the online travel market globally.
As its chosen channel partner, Triometric will support Revva with sales, marketing and product support in promoting the Trio analytics platform to online travel companies. This includes the recently unveiled Trio Data Engine, which takes XML data from multiple sources to prepare it for downstream analysis by multiple BI applications including the Revva Platform.
Based in the travel technology hub of Palma in Mallorca, Revva has the expertise and market reach to support Triometric sales activities in the region. Revva’s distinct consultative approach brings value to new Triometric customers in three distinct ways:
- Knowledge of the Trio platform and its operational capabilities during evaluation,
- Implementation support and expertise where necessary and applicable,
- Data and business intelligence expertise to help optimise the use of the platform.
There is also potential for Trio processed data to be able to be a source for other analytic or visualisation systems such as the Revva revenue management offering. Here synergy with the Trio platform is manifested in Revva’s ability to provide forecasts, clustering and other artificial intelligence-powered analytic features.
The Trio platform
Designed for and used by travel suppliers such as hoteliers, airlines and distributors (bed banks and wholesalers) the Trio platform delivers real-time insights into API performance and analysis of XML/JSON traffic streams. This intelligence helps manage their complex API environments and keep their inventories optimised and relevant for increased conversions.
“We have a lot of synergy with Revva in terms of the markets that we target and the importance that we place on high quality software development and customer service,” said Jonathan Boffey, VP of Business Development at Triometric. “As Revva builds out its own complementary data analytics and revenue management platform, we are delighted to work with them to build momentum in the adoption and use of performance monitoring and business intelligence across the travel supply chain industry.”
“I have long been an advocate of Triometric’s approach to equipping online travel companies with key performance metrics to help them excel” said Marcello Bresin, Chief Data Officer at Revva. “By forming this partnership, we are pairing our local knowledge, skills and expertise with Triometric’s unique API monitoring and analytics platform used by some of the largest organisations in the online travel world. With the growing demand for analytic services (including cloud-based) and our specialisation in business intelligence and cloud delivery, we believe we have the ideal qualifications to help facilitate the growth of Triometric’s stellar roster of customers.”
According to the Allied Market Research report, the ‘Online Travel Market’ is estimated to grow at a CAGR of 11.1% (2016-2022). This exponential growth in online travel is driven by instant bookings and the ease of comparing available travel options. With the increase in search volume and drive for efficiency, such research is further testimony that all online travel companies need to ensure they have greater real-time visibility into their search traffic for future competitiveness.
REVVA is a unique self-service analytics solution, based on revenue/yield management and is designed to help tour operators and hotel distributors visualize and understand their data to for decision-making. Its advanced iteration includes predictive analytics through machine learning, critical to employ revenue management and dynamic pricing techniques.
Revva serves the data analytics and revenue management needs of hotel distributors and tour operators with www.revva.net and the needs of independent hotels and small chains with www.revva.pro. REVVA can be easily accessed from any web browser or mobile-based device, as it’s securely cloud-based. The system’s conceptual foundation lies on Revenue/Yield Management, a technique as of today not widely implemented in our target client companies’ decision processing. REVVA aims to democratize an increasingly indispensable tool for mid-small sized operators, in order to optimize financial & operational performance in all market conditions.
Triometric delivers XML-based business intelligence and operational performance metrics to online travel companies so they get deep insights into their search and booking data to optimise operations and revenue opportunities. The Trio platform is a powerful end-to-end web services and API monitoring and analytics solution delivering actionable insights from raw XML message streams. Triometric helps travel distributors such as bed banks and hotel wholesalers, and travel suppliers including hotels and airlines analyse their API traffic. For more information see triometric-old.kmspic.com.