Jason Houle Vice President, Travel Operations Lixto Travel Price Intelligence 2.0.
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Transcript of Jason Houle Vice President, Travel Operations Lixto Travel Price Intelligence 2.0.
Jason HouleVice President, Travel Operations
LixtoTravel Price Intelligence 2.0
2©2010 Lixto Software
My name is Jason Houle. For the last 5 years I have been building the price intelligence business for Lixto software in the travel vertical. Our price intelligence solution delivers real-time competitive price visibility on the web.
It is critical that OTA’s and hoteliers monitor pricing, product ranking and customer evaluations on the web to ensure their competitive positioning. It is a well established fact that there are considerable price differences for the same product across different distribution channels – rate parity is a myth. Price optimization needs to be based on market information that reflects what customers are basing purchase decisions on - AND THAT IS INFORMATION OFF THE WEB!!!
Today I will present an application built for the hospitality industry and I will show you how our clients use this information to benchmark the performance their products and to control the efficiency of their online distribution channels.
In the development of this solution Lixto has pioneered three innovations that enable us to deliver the highest quality, most efficient price intelligence solution available.
3©2010 Lixto Software
Innovation 1: Lixto Visual Developer
The Visual developer is a visual development environment that we use to develop our data aggregation programs otherwise known as screen scrapers to get data off the web.
We were awarded a patent in early 2010 for our unique approach to data aggregation. The video playing in the background is a recording of one of our engineers developing a data extraction program on the BOOKING.com website.
The engineer is recording a navigation sequence to teach the tool where to find the data we are interested in. You can think of this as something like a macro recorder and the process is set up once for each website that our clients want to collect data fromOnce this navigation sequence is configured we can feed any combination of query parameters through the navigation sequence.The entire program is developed without programming a single line of codeThe main benefits of having patented technology like the Lixto Visual Developer to build onFirst: we can set up these processes very quicklySecond: Maintenance is required when the structure of the website changes. The entirely visual nature of the development process means that the maintenance can be easily delegated to any free resource in our team as there is no code that needs to be picked apart.
Normally our clients don’t even realize we have performed maintenanceThe data extraction programs are then deployed on cloud resources –
Using many thousands of IP ranges that are constantly changing makes it nearly impossible for us to be detectedWe look like a customer visiting a website
Our clients can scale up as required without the expenses or headaches associated with hosting the entire service ouselves
4©2010 Lixto Software
Innovation 2: Data consolidation using crowd sourcing
Everyone has heard of the cloud –let’s talk about the crowd
A lot of the data we get like cancellation conditions, meal plans room type descriptions is unstructured located in free text fields on the websitesThis information needs to be mapped, or normalize the data so that it becomes comparable and we can perform analysis on it.
It is nearly impossible to develop algorithms that perform this mapping correctly 100% of the so we don’t even try
We use a low tech but extremely scalable solution utilizing hundreds of outsourced workers to perform our data matching jobs on the fly as mini tasks.
Whenever we have a new website to collect data from, or data changes on a website we have a data mapping challenge that is handled through crowd sourcing to enable our customers to scale horizontally quickly and cost efficiently
5©2010 Lixto Software
Innovation 3: Our SaaS analytics platform
Although our clients benefit from two important innovations on our back-end the only thing they see is their own customized analytics platform which I am going to demonstrate for you now.The platform was developed using Oracle Business Intelligence to enable us to handle the requirements of even the largest of organizations
6©2010 Lixto Software
Price Analytics and Operations
7©2010 Lixto Software
Price Analytics & Price OperationsHOME PAGE
8©2010 Lixto Software
Price Analytics & Price OperationsHOME PAGE
9©2010 Lixto Software
Price Analytics & Price OperationsHOME PAGE
10©2010 Lixto Software
Price Analytics & Price OperationsHOME PAGE
11©2010 Lixto Software
Price Analytics & Price OperationsHOME PAGE
12©2010 Lixto Software
Price Analytics & Price OperationsHOME PAGE
13©2010 Lixto Software
Price Analytics: Hotel
14©2010 Lixto Software
Price Analytics: Hotel
15©2010 Lixto Software
Price Analytics: Hotel
16©2010 Lixto Software
Price Analytics: Hotel
17©2010 Lixto Software
Price Analytics: Price Development by Check-In Date
18©2010 Lixto Software
Price Analytics:
Price Development by Check-In Date
19©2010 Lixto Software
Price Analytics:
Price Development by Check-In Date
20©2010 Lixto Software
Price Analytics:
Price Development by Check-In Date
21©2010 Lixto Software
Price Analytics: Price Development by Check-In Date (Price Evolution)
22©2010 Lixto Software
Price Analytics: (Price Evolution)
Price Development by Check-In Date
23©2010 Lixto Software
Price Analytics: (Price Evolution)
Price Development by Check-In Date
24©2010 Lixto Software
Price Analytics: (Price Evolution)
Price Development by Check-In Date
25©2010 Lixto Software
Price Analytics: Price Exception
26©2010 Lixto Software
Price Analytics:
Price Exception
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Price Analytics: Price Exception Mails
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Price Analytics:
Per Exception
29©2010 Lixto Software
Price Analytics:
Per Exception
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Price Analytics:
Per Exception
31©2010 Lixto Software
Summary
Our solution is designed to deliver key insights to help optimize pricing and workflow tools to speed up corrective measures to price discrepanciesLeveraging our Visual developer, our crowd sourcing solution and our SaaS analytics Lixto delivers a significant and measurable increase to top line revenues for our clients by enhancing their ability to optimize prices in near time.
32©2010 Lixto Software
Price Operations: Hotel Peer Group Report
These were not in screenshots so I just put them on the background
33©2010 Lixto Software
Price Operations:
Hotel Peer Group Report
Iberostar Albufera Park
Peer Group min€ Rating Page rank min€ Rating Page rank min€ Rating Page rank min€ Rating Page rank
Grand Total 209 285 8,9 1 420,42 8,9 1 911,61 8,9 1 209 8,9 1Iberostar Albufera Park 209 285 8,9 1 420,42 8,9 1 209 8,9 1
Grupotel Parc Natural & Spa 764,93 299 7,6 5 1050 7,6 5 911,61 7,6 5
Eden Playa 374,49 299 7,9 9 532 7,9 9
Iberostar Albufera Playa
Peer Group min€ Rating Page rank min€ Rating Page rank min€ Rating Page rank min€ Rating Page rank
Grand Total 234 754,89 8,9 1 574 8,9 1 672,15 8,9 1 234 8,9 1Iberostar Albufera Playa 354 728 8,9 1 728,18 8,9 1 354 8,9 1
Grupotel Parc Natural & Spa 764,93 1050 7,6 5 911,61 7,6 5
Grupotel Gran Vista & Spa 234 754,89 7,9 9 574 7,9 9 672,15 7,9 9 234 7,9 9
Palace de Muro 862,12 875 7,9 9 1093,87 7,9 9
Iberostar Alcudia Park
Peer Group min€ Rating Page rank min€ Rating Page rank min€ Rating Page rank min€ Rating Page rank
Grand Total 90 135 8,9 1 378 8,9 1 481,35 8,9 1 90 8,9 1Iberostar Alcudia Park 129 139 8,9 1 532,35 8,9 1 481,35 8,9 1 129 8,9 1
Grupotel Los Principes & Spa 553,6 574 7,6 5
Viva Blue 90 378 7,9 9 90 7,9 9
Playa Garden 161 135 7,9 9 161 7,9 9
Thomas Cook
Property web channel
Property web channel
Booking
Booking
Ebookers
Ebookers
Thomas Cook
Thomas Cook
min€
min€
min€
Property web channel Booking Ebookers Switch between currencies;Switch between min./max./avg in combination withSwitch between values only, values+%, values+percent+rating/ranking
By default, min. price, reviews and rankings are displayed in the tableDrill-downs to
offer
Displays prices per hotel and its competitive set on the property‘s own channel and monitored web channels
shows at how many offers the user is looking per attribute (as on home dashboard)
34©2010 Lixto Software
Price Operations:
Mockup – Hotel Peer Group Exceptions
Price Exception by Check-in Date
Peer Group
Check-in Date Hotel Web Channel Extraction Date Nights Board Category Room Category PAX Own Price € min€ avg€ Diff Diff%Iberostar Albufera Park Booking.com 11.03.2010 1 Room and Breakfast Standard 2 130,00 110,52 132,05 19,48 -17,6%
Iberostar Albufera Park Booking.com 11.03.2010 1 Room and Breakfast Junior Suite 2 130,00 128,00 144,17 2,00 -1,6%
Iberostar Albufera Park Expedia.co.uk 11.03.2010 1 Room and Breakfast Superior 2 160,00 159,00 176,28 1,00 -0,6%
Iberostar Albufera Park hotel.de 11.03.2010 1 Room and Breakfast Superior 2 160,00 150,14 164,94 9,86 -6,6%
Iberostar Albufera Park hotel.de 11.03.2010 1 Room and Breakfast Superior 2 160,00 157,90 171,64 2,10 -1,3%
Iberostar Albufera Park HRS 12.03.2010 1 Room and Breakfast Superior 2 160,00 154,00 163,24 6,00 -3,9%
Iberostar Albufera Park HRS 12.03.2010 1 Room and Breakfast Standard 2 130,00 127,30 135,61 2,70 -2,1%
Iberostar Albufera Park Venere 12.03.2010 1 Room and Breakfast Superior 2 160,00 151,30 164,46 8,70 -5,8%
Iberostar Albufera Park Venere 12.03.2010 1 Room and Breakfast Standard 2 130,00 129,00 143,84 1,00 -0,8%
Iberostar Albufera Park Booking.com 12.03.2010 1 Room and Breakfast Standard 2 130,00 129,00 141,72 1,00 -0,8%
Iberostar Albufera Park Expedia.co.uk 15.03.2010 1 Room and Breakfast Standard 2 130,00 117,50 132,19 12,50 -10,6%
Iberostar Albufera Park hotel.de 15.03.2010 1 Room and Breakfast Standard 2 130,00 120,00 135,16 10,00 -8,3%
Iberostar Albufera Park Venere 15.03.2010 1 Room and Breakfast Superior 2 160,00 149,14 165,34 10,86 -7,3%
Iberostar Albufera Park Booking.com 11.03.2010 1 Room and Breakfast Standard 2 130,00 119,13 132,08 10,87 -9,1%
Iberostar Albufera Park Booking.com 11.03.2010 1 Room Only Suite 2 419,00 407,14 455,43 11,86 -2,9%
Iberostar Albufera Park hotel.de 11.03.2010 1 Room Only Suite 2 419,00 404,00 464,60 15,00 -3,7%
Iberostar Albufera Park HRS 16.03.2010 1 Room and Breakfast Standard 2 130,00 117,50 132,19 12,50 -10,6%
Iberostar Albufera Park HRS 16.03.2010 1 Room Only Standard 2 130,00 128,00 144,17 2,00 -1,6%
Iberostar Albufera Park Venere 16.03.2010 1 Room and Breakfast Superior 2 160,00 158,00 181,70 2,00 -1,3%
Iberostar Albufera Park Venere 17.03.2010 1 Room and Breakfast Standard 2 130,00 128,00 147,81 2,00 -1,6%
12.04.2010
13.04.2010
15.04.2010
Like-to-like comparison
Sort table by check-in date / price deviation / Country, City, Hotel
Per default sorted by check-in date
Drill-down to offer level
Compare own room prices with prices of comparable rooms from the competitive set