AltiusPAR was founded in 2004 by hospitality industry veterans that saw a great need for a technology solution that could help increase a hotel company’s revenue while reducing operations costs and enabling commercial processes throughout their chains.
Eager to find an answer to challenges faced in the hospitality industry but finding no effective existing solution the founders of AltiusPAR invested a significant amount of time and resources to build a unique, innovative solution that provides the following:
- Real-time access to electronic distribution and sales channels
- Significant increase in RevPAR
- Unparalleled system reliability
- Reduced operating costs
- Scalable and tightly integrated technology
Today, AltiusPAR, can help meet the growing need for fully integrated systems that can simplify, speed and strengthen inventory management, pricing and distribution. With its headquarters in Dallas, Texas, and with Latin American and European offices, the management team of AltiusPAR has clearly demonstrated the impact that more capable, highly integrated systems can have on revenue generation and profitability.
Market Opportunities
The hospitality industry has experienced tremendous change in recent years. Today, hoteliers are faced with the day-to-day challenges of keeping their brands relevant while improving sales and revenue per available room (RevPAR).
Most significantly, “commoditization” of the hospitality industry has encouraged companies to compete on price, and achieving differentiation through service has required higher investment (higher quality, shorter operation cycles), reducing overall profitability.
While the industry has experienced strong revenue growth this past year, bottom line performance has eroded dramatically since 2000, due to escalating expenses and overall costs, which are only expected to increase.
Despite all of these challenges, technology still holds the key to both driving and enabling substantial product differentiation and significantly improving business processes – from real-time access to inventory, transparency across multiple channels, seamless exchange of operational information and access to performance and guest data.